Three-Unit Mixed-Use
For Sale
$239,900
240 N Main Avenue, Scranton, PA 18504
Residential Income, Scranton, PA
Property Size2,298 SF
Lot Size0.05 Acres
Price / SF$104.40
Days on Market247
Property Features for 240 N Main Avenue
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning
CT
Bedrooms
4
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 2, Bathroom 3, Basement, Bedroom 1, Bedroom 3, Bathroom 2, Bathroom 1, Bedroom 4
Basement
Storage Space, Dirt Floor
Elementary school district
Scranton
Middle school district
Scranton
High school district
Scranton
Directions
Central Scranton Expressway to Main Avenue
Standard status
Active
APN
14518030056
Size
2,298 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
23X89x2x31 W-14 B-024 L-011 P-001
Tax Annual Amount
2622
Legal Description
23X89x2x31 W-14 B-024 L-011 P-001
Amenities
central air conditioning
separately metered utilities
Building Details
Year built
1945
Floors in Building
2
Number of units
3
Listing Agency:
Christian Saunders Real Estate
(800) 372-4222
Listed By:
Kyle Savage · License #RS340241
(570) 335-0730
Added: Feb 2
Changed: Sep 12
Last Checked: Oct 7 at 2:06PM
MLS# SC260407
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 2,298-square-foot mixed-use property contains three units, including a street-level storefront with a bathroom and central AC. The commercial area connects to a rear one-bedroom apartment, while a second-floor three-bedroom apartment provides additional residential space. A basement and lower-level areas are also included.
The property occupies 0.05 acres at 240 N Main Avenue in Scranton and carries CT zoning. Utilities are separately metered across the property. The three-bedroom apartment is leased, while the rear one-bedroom apartment is vacant and available for showings. Access to the occupied apartment requires advance scheduling.
The property occupies 0.05 acres at 240 N Main Avenue in Scranton and carries CT zoning. Utilities are separately metered across the property. The three-bedroom apartment is leased, while the rear one-bedroom apartment is vacant and available for showings. Access to the occupied apartment requires advance scheduling.
Key Highlights
- Three‑unit mixed‑use property with a storefront and two apartments
- 2,298 square feet on 0.05 acres
- Street‑level storefront includes a bathroom and central AC
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,595
Cap Rate
9.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$431,900
$431.9K
Cap Rate 7%
$308,500
$308.5K
Cap Rate 9%
$239,944
$239.9K
Market Conditions
NOI Build-Up for 2,298 SF
Gross rent
$34.5K $15.00/SF
− Vacancy
−$3.6K −$1.58/SF
EGI
$30.9K $13.43/SF
− OpEx
−$9.3K −$4.03/SF
NOI
$21.6K $9.40/SF
Area
Lackawanna County, PA
Vacancy
10.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$431,900
Cap Rate 7%
$308,500
Cap Rate 9%
$239,944
Alternative Uses
Best Use
Mixed Use
$332.4K
$290.8K – $387.8K
NOI $23,267 @ 7.0% cap · market cap 9.70%
Second Best
Retail
$308.5K
$269.9K – $359.9K
NOI $21,595 @ 7.0% cap · market cap 9.00%
Theoretical Best
Office A
$583.3K
$510.4K – $680.5K
NOI $40,829 @ 7.0% cap · market cap 17.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,848
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
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Street-level commercial space combines with two residential apartments and separately metered utilities.
Where is this mixed-use property located?
The property is located at 240 N Main Avenue Scranton, PA.
What is the asking price?
The asking price for this property is $239,900.
What are key features of this property?
This property features: Three‑unit mixed‑use property with a storefront and two apartments; 2,298 square feet on 0.05 acres; Street‑level storefront includes a bathroom and central AC
