10-Unit Apartment
New
For Sale
$989,000
1513-15 Mulberry Street, Scranton, PA 18510
Commercial Sale, Scranton, PA
Property Size7,500 SF
Lot Size0.08 Acres
Price / SF$131.87
Days on Market2
Property Features for 1513-15 Mulberry Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C
Elementary school district
Scranton
Middle school district
Scranton
High school district
Scranton
Directions
I-84 to Scranton. Take exit 184. Continue on PA-307 N/ & Moosic St. Take Harrison Avenue turn left onto Mulberry St.
Standard status
Active
APN
15709060026
Size
7,500 SF
Lot size
0.08 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
6413
Building Details
Year built
1950
Floors in Building
4
Number of units
10
Listing Agency:
EXP Realty LLC
(888) 397-7352
Listed By:
Amanda Wilson · License #2019007423
(570) 445-0442
Added: Oct 10
Last Checked: Oct 11 at 6:06AM
MLS# SC265104
Copyright © 2026 Greater Scranton Board of Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 10-unit apartment property in Scranton contains 7,500 square feet and was built in 1950. Each apartment was remodeled within the past 12 months with updated finishes and appliances, and electrical and plumbing systems have also been replaced. Gas, water, and electric service are separately metered. The property is zoned C and occupies a 0.08-acre parcel.
Eight apartments are occupied, while two are vacant. The reported 10.8 cap rate is based on the property’s stated operating figures. The address is a few blocks from the University of Scranton and three hospitals: Geisinger Community Medical Center, Moses Taylor Hospital, and Regional Hospital of Scranton. Interstate 81 and downtown Scranton are also minutes away.
Eight apartments are occupied, while two are vacant. The reported 10.8 cap rate is based on the property’s stated operating figures. The address is a few blocks from the University of Scranton and three hospitals: Geisinger Community Medical Center, Moses Taylor Hospital, and Regional Hospital of Scranton. Interstate 81 and downtown Scranton are also minutes away.
Key Highlights
- 10 apartments; 8 are occupied and 2 are vacant
- Each apartment was remodeled within the past 12 months
- Separate metering for gas, water, and electric
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$57,820
Cap Rate
5.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,156,400
$1.2M
Cap Rate 7%
$826,000
$826.0K
Cap Rate 9%
$642,444
$642.4K
Market Conditions
NOI Build-Up for 7,500 SF
Gross rent
$111.6K $14.88/SF
− Vacancy
−$6.5K −$0.86/SF
EGI
$105.1K $14.02/SF
− OpEx
−$47.3K −$6.31/SF
NOI
$57.8K $7.71/SF
Area
Lackawanna County, PA
Vacancy
5.80%
Lease Rate
$14.88 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,156,400
Cap Rate 7%
$826,000
Cap Rate 9%
$642,444
Alternative Uses
Best Use
Apartment 5plus
$826.0K
$722.8K – $963.7K
NOI $57,820 @ 7.0% cap · market cap 5.85%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.90M
$1.67M – $2.22M
NOI $133,255 @ 7.0% cap · market cap 13.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
10
Residential units
80%
Occupancy
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,627
Businesses Nearby
Explore this area
Business Placement
Demographics for 18510, PA
14,110
Population
5,824
Households
2.4
Avg Household Size
31
Median Age
28%
College-Educated
88%
High-School Grad
1.8 sq mi
ZIP Area
7,839
Density / Sq Mi
$52,500
Median Household Income
$25,282
Median Earnings
$1,040
Median Rent
$178,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Apartment building - Gas, water, and electric service are separately metered across the residential units.
Where is this apartment building located?
The property is located at 1513-15 Mulberry Street Scranton, PA.
What is the asking price?
The asking price for this property is $989,000.
What are key features of this property?
This property features: 10 apartments; 8 are occupied and 2 are vacant; Each apartment was remodeled within the past 12 months; Separate metering for gas, water, and electric
