Student Housing Apartment
430 Quincy Ave Scranton, PA 18510
430 Quincy Ave, Scranton, PA, 18510
Contact for pricing
For Sale
Contact for pricing
72-unit student housing multifamily portfolio with studio and one-bedroom units across multiple residential buildings.
Property Size29,600 SF
Price / SF$158.78
Days on Market160
Property Features for 430 Quincy Ave
General Information
- Standard status
- Active
- Size
- 29,600 SF
- Property subtype
- Multifamily
Listing agency
Horvath & Tremblay
(215) 302-4400
Listed by
Craig Dunkle · License #PA RS324418
Source
Crexi
Added: Feb 13 Updated: Jul 22 at 1:09PM Checked: Jul 22 at 1:09PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Horvath & Tremblay
Investment Insights
Based on property information with market context.
This portfolio offers 72 student housing units across multiple residential buildings, configured primarily as studio and one-bedroom apartments. The properties provide approximately 29,600 rentable square feet of residential space.
The portfolio is located at 430 Quincy Ave in Scranton, Pennsylvania, and is presented as a strategically positioned asset serving a consistent student renter base. The offering notes stable historical occupancy with low vacancy.
For sale as a multifamily portfolio, it is described as providing in-place income with the opportunity to capture additional value through market rent adjustments and operational optimization, supported by the current and pro forma financials presented with the offering.
The portfolio is located at 430 Quincy Ave in Scranton, Pennsylvania, and is presented as a strategically positioned asset serving a consistent student renter base. The offering notes stable historical occupancy with low vacancy.
For sale as a multifamily portfolio, it is described as providing in-place income with the opportunity to capture additional value through market rent adjustments and operational optimization, supported by the current and pro forma financials presented with the offering.
Key Highlights
- 72‑unit student housing multifamily portfolio in Scranton, Pennsylvania across multiple residential buildings
- Approximately 29,600 rentable SF with studio and one‑bedroom unit mix
- Portfolio historically shows stable occupancy with low vacancy
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 | $440.4k | $14.88 |
| − Vacancy | −$25.5k | −$0.86 |
| EGI | $414.9k | $14.02 |
| − OpEx | −$186.7k | −$6.31 |
| NOI | $228.2k | $7.71 |
29,600 SF · lease $14.88/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$3.26M
$2.85M – $3.80M
NOI $228,196 @ 7.0% cap · market cap 4.86%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$7.51M
$6.57M – $8.77M
NOI $525,912 @ 7.0% cap · market cap 11.19%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - 72-unit student housing multifamily portfolio with studio and one-bedroom units across multiple residential buildings.
Where is this apartment building located?
The property is located at 430 Quincy Ave Scranton, PA.
What is the asking price?
The asking price for this property is $4,700,000.
What are key features of this property?
This property features: 72‑unit student housing multifamily portfolio in Scranton, Pennsylvania across multiple residential buildings; Approximately 29,600 rentable SF with studio and one‑bedroom unit mix; Portfolio historically shows stable occupancy with low vacancy
