Four-Unit Multifamily
New
For Sale
$399,000
1513-1515 Lafayette Street, Scranton, PA 18504
Residential Income, Scranton, PA
Property Size4,094 SF
Lot Size0.14 Acres
Price / SF$97.46
Days on Market2
Property Features for 1513-1515 Lafayette Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R10
Bedrooms
10
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 6, Bathroom 2, Bedroom 4, Bedroom 1, Bedroom 7, Bedroom 5, Bathroom 3, Bedroom 9, Bedroom 3, Bedroom 10, Bathroom 1, Bathroom 4, Basement, Bedroom 8, Bedroom 2
Basement
Unfinished
Elementary school district
Scranton
Middle school district
Scranton
High school district
Scranton
Directions
From the Scranton Expressway to Main Ave. Follow Main Ave and turn right onto Lafayette St
Standard status
Active
APN
1451402000401
Size
4,094 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
6323
Building Details
Year built
1940
Floors in Building
2
Number of units
4
Architectural style
Other
Listing Agency:
EXP Realty LLC
(888) 397-7352
Listed By:
Sheye-Anne O'Malley
(910) 382-6069
Added: Oct 14
Changed: Oct 15
Last Checked: Oct 15 at 1:06AM
MLS# SC265179
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 four-unit multifamily property contains 4,094 square feet and was built in 1940. The building is fully occupied, and each unit has separate gas and electric utilities. The owner pays for water and sewer service.
The property occupies 0.14 acres in Scranton, Pennsylvania, and is zoned R10.
The property occupies 0.14 acres in Scranton, Pennsylvania, and is zoned R10.
Key Highlights
- Four‑unit property with all units occupied
- 4,094 square feet of building area
- Separate gas and electric utilities for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,762
Cap Rate
8.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$675,240
$675.2K
Cap Rate 7%
$482,314
$482.3K
Cap Rate 9%
$375,133
$375.1K
Market Conditions
NOI Build-Up for 4,094 SF
Gross rent
$51.6K $12.60/SF
− Vacancy
−$3.4K −$0.82/SF
EGI
$48.2K $11.78/SF
− OpEx
−$14.5K −$3.53/SF
NOI
$33.8K $8.25/SF
Area
Lackawanna County, PA
Vacancy
6.50%
Lease Rate
$12.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$675,240
Cap Rate 7%
$482,314
Cap Rate 9%
$375,133
Alternative Uses
Best Use
Multifamily LT 5
$482.3K
$422.0K – $562.7K
NOI $33,762 @ 7.0% cap · market cap 8.46%
Second Best
Apartment 5plus
$450.9K
$394.5K – $526.0K
NOI $31,562 @ 7.0% cap · market cap 7.91%
Theoretical Best
Office A
$1.04M
$909.2K – $1.21M
NOI $72,739 @ 7.0% cap · market cap 18.23%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
4
Residential units
100%
Occupancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
888
Businesses Nearby
Explore this area
Business Placement
Demographics for 18504, PA
21,267
Population
10,017
Households
2.1
Avg Household Size
40
Median Age
20%
College-Educated
87%
High-School Grad
10.2 sq mi
ZIP Area
2,085
Density / Sq Mi
$52,542
Median Household Income
$38,439
Median Earnings
$970
Median Rent
$144,200
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - All residences are occupied, with separate gas and electric service for each unit.
Where is this quadplex located?
The property is located at 1513-1515 Lafayette Street Scranton, PA.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Four‑unit property with all units occupied; 4,094 square feet of building area; Separate gas and electric utilities for each unit
