412 River Street, Scranton, PA 18505

Building Details

Building Size 3,741 SF More

Year Built 1920 More

Buildings 6 More

Listing Agency: Marcks Evans Real Estate

Listed By: Wayne E Evans · License PA RM421529 Show Phone

Source: Luxehomesnepa

Added: Sep 21 Changed: Nov 7 Last Checked: Nov 10 at 7:27PM

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Investment Insights

Based on property information with market context.

The offering at 412 River Street and 401 Cedar Ave combines a single-family home, commercial space, and two residential apartments within a mixed-use property. The improvements date to 1920.

The property is offered as part of a six-building package totaling 18 units. Additional buildings in the package include multi-unit properties on Harrison Ave, Wayne Ave, S Webster Ave, Crown Ave, and N Lincoln Ave, with unit counts ranging from two to five. The package also includes two buildings identified as condemned.

Key Highlights

• Mixed‑use configuration with a single‑family home, commercial space, and 2 residential apartments
• Property improvements date to 1920
• Part of a 6‑building package with 18 total units

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$28,841

Cap Rate

7.21%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$576,820 $576.8K

Cap Rate 7%

$412,014 $412.0K

Cap Rate 9%

$320,456 $320.5K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,741 SF

Gross rent

$55.7K $14.88/SF

− Vacancy

−$3.2K −$0.86/SF

EGI

$52.4K $14.02/SF

− OpEx

−$23.6K −$6.31/SF

NOI

$28.8K $7.71/SF

Area

Lackawanna County, PA

Vacancy

5.80%

Lease Rate

$14.88 /SF/Yr

Expense Ratio

45.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$576,820

Cap Rate 7%

$412,014

Cap Rate 9%

$320,456

Alternative Uses

Best Use

Mixed Use

$541.1K

$473.5K – $631.3K (±1% cap)

NOI $37,878 @ 7.0% cap · market cap 9.47%

Second Best

Apartment 5plus

$412.0K

$360.5K – $480.7K (±1% cap)

NOI $28,841 @ 7.0% cap · market cap 7.21%

Theoretical Best

Office A

$949.5K

$830.8K – $1.11M (±1% cap)

NOI $66,467 @ 7.0% cap · market cap 16.62%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Mixed-use properties

Suggested Use

Top Pick Real Estate Agency Law Firm Pharmacy Bakery Daycare Center Barber Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

18

Residential units

Location Intelligence

Trade Area within ½ mile

2,377

Businesses Nearby

Explore this area Business Placement

Demographics for 18505, PA

20,982

Population

9,996

Households

2.1

Avg Household Size

39

Median Age

26%

College-Educated

87%

High-School Grad

8.8 sq mi

ZIP Area

2,384

Density / Sq Mi

$52,599

Median Household Income

$34,155

Median Earnings

$954

Median Rent

$139,800

Median Home Value

Market

Average Price Trend$/SF for Mixed-use properties in Lackawanna County, PA

$74.16 Jul

$106 Aug

$107 Sep

$105 Oct

Properties on Market for Mixed-use properties in Lackawanna County

Jul

Aug

Sep

Oct

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Includes a single-family home, commercial space, and two residential apartments.

Where is this mixed-use property located?

The property is located at 412 River Street Scranton, PA.

What is the asking price?

The asking price for this property is $400,000.

What are key features of this property?

This property features: Mixed‑use configuration with a single‑family home, commercial space, and 2 residential apartments; Property improvements date to 1920; Part of a 6‑building package with 18 total units