240 N Main Avenue, Scranton, PA 18504
- Added:
- Feb 2, 2026
- Days on Market:
- 128
- Last Refresh:
- Jun 10 at 10:06 pm
Property Features for 240 N Main Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- CT
- Bedrooms
- 4
- Bathrooms
- 3
- Rooms
- Bedroom 2, Bedroom 4, Basement, Bathroom 2, Bedroom 3, Bathroom 3, Bedroom 1, Bathroom 1
- Basement
- Storage Space, Dirt Floor
- Standard status
- Pending
- 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
Building Details
- Year built
- 1945
- Floors in Building
- 2
- Number of units
- 3
Listing agent Kyle Savage License #RS340241 (570) 335-0730
Listing office Christian Saunders Real Estate 771 E. Drinker Street, Dunmore, PA (800) 372-4222
Listing date Feb 2, 2026
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.
HighLights
- 3‑unit mixed‑use property with a main street‑level commercial storefront plus two residential apartments (one front and one rear)
- Year built: 1945
- Commercial storefront has a bathroom and central AC, with all utilities separately metered
- Second‑floor 3‑bedroom apartment is currently rented for $800/month
- Rear 1‑bedroom apartment behind the storefront is currently vacant and offers easy showing access
- Basement and lower level units are easy to show; 3‑bedroom apartment showings require scheduling in advance
Overview
Local Financial Insights For Mixed Use
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $41.4k | $18.00 |
| − Vacancy | −$4.1k | −$1.80 |
| EGI | $37.2k | $16.20 |
| − OpEx | −$14.0k | −$6.07 |
| NOI | $23.3k | $10.13 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Scranton
- County
- Lackawanna
- State
- Pennsylvania
- Longitude
- -75.677782
- Latitude
- 41.414219
