314 W Market Street Scranton, PA 18508
MULTI_FAMILY - Scranton, PA
Property Features for 314 W Market Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R2
- Parking features
- Parking Lot, Assigned
- Exterior features
- Balcony
- Standard status
- Pending
- APN
- 13408040025
- Size
- 6,500 SF
- Lot size
- 0.19 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- 41X200 Helen Evans Est L 1 W-01 B-006 L-009 P-00901
Utilities
- Water source
- Public
Building Details
- Year built
- 1930
- Floors in Building
- 3
- Number of units
- 8
Listing agent Sunita Arora License #RM061605A (570) 510-5840
Listing office ERA One Source Realty 230 Northern Blvd., Clarks Summit, PA (570) 587-9999
Listing date Apr 17, 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.
Investment Insights
Based on property information with market context.
Key Highlights
- Eight‑unit building, ideal for investors.
- Tenants pay separate utilities.
- Off‑street parking available.
Local Financial Insights For Apartment 5plus
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 | $96.7k | $14.88 |
| − Vacancy | −$5.6k | −$0.86 |
| EGI | $91.1k | $14.02 |
| − OpEx | −$41.0k | −$6.31 |
| NOI | $50.1k | $7.71 |
