North Scranton Multifamily Investment
314 W Market Street Scranton, PA 18508
314 W Market Street, Scranton, PA, 18508
$699,000
Pending
For Sale
$699,000
Pending
MULTI_FAMILY - Scranton, PA
Property Size6,500 SF
Lot Size0.19 Acres
Days on Market97
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 agency
ERA One Source Realty
(570) 587-9999
Listed by
Sunita Arora · License #RM061605A
(570) 510-5840
Added: Apr 17 Updated: Jul 9 at 3:31AM Checked: Jul 22 at 6:06AM
MLS# SC261588
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.
Located in the North Scranton area, this multifamily property features eight units. The property is well-maintained and offers off-street parking. Tenants are responsible for paying their separate utilities. The property is situated close to stores and major roads. The lot size is 0.19 acres, and the building size is 6,500 square feet. The zoning is R2.
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 |
6,500 SF · lease $14.88/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$715.9K
$626.4K – $835.2K
NOI $50,111 @ 7.0% cap · market cap 7.17%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.65M
$1.44M – $1.92M
NOI $115,487 @ 7.0% cap · market cap 16.52%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Well-maintained 8-unit apartment building in North Scranton.
Where is this apartment building located?
The property is located at 314 W Market Street Scranton, PA.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Eight‑unit building, **ideal for investors**.; Tenants pay separate utilities.; Off‑street parking available.
