480 N Main Street, Archbald, PA 18403
MULTI_FAMILY - Archbald, PA
- Added:
- Jun 22, 2026
- Days on Market:
- 4
- Last Refresh:
- Jun 25 at 8:06 pm
Property Features for 480 N Main Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R1
- Bedrooms
- 8
- Bathrooms
- 7
- Rooms
- Bathroom 7, Bathroom 2, Bathroom 1, Bedroom 5, Bathroom 3, Bathroom 4, Bathroom 5, Bathroom 6, Bedroom 6, Bedroom 4, Bedroom 3, Basement, Bedroom 8, Bedroom 7, Bedroom 2, Bedroom 1
- Parking
- 2
- Basement
- Unfinished
- Standard status
- Active
- APN
- 09513010024
- Size
- 4,845 SF
- Lot size
- 0.09 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- 0.085A E & S Barrett Sub L 2 W-01 B-419 L-480
- Tax Annual Amount
- 5610
Building Details
- Year built
- 1930
- Floors in Building
- 2
- Number of units
- 6
Listing agent Alexsis McGhee License #RS366599 (570) 520-8867
Listing office EXP Realty LLC 630 Freedom Business Center Drive Suite 300, Pittsburgh, PA (888) 397-7352
Listing date Jun 22, 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
- Fully occupied 6‑unit mixed‑use property producing $76,800 in annual gross income
- Commercial level includes a long‑term salon tenant
- Residential unit mix includes one-, two-, and three‑bedroom apartments
- Recent capital improvements: new roof in 2021
- All units renovated in 2021
- New furnace installed in 2025
Overview
The property is located at 480 N Main Street in Archbald, Pennsylvania, within Lackawanna County. It sits on a small lot totaling 0.09 acres and comprises 4,845 square feet of building area.
For buyers seeking a stabilized, income-producing asset, this structure provides immediate occupancy with both commercial and residential income streams. The combination of a continuing retail tenant and a mix of apartment unit types may offer flexibility for future tenanting, while the documented updates to the roof, interior units, and heating equipment support a more straightforward hold and maintenance plan. Zoning is listed as R1, which should be reviewed for any intended future use changes.
Local Financial Insights For Retail
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 | $72.7k | $15.00 |
| − Vacancy | −$7.6k | −$1.58 |
| EGI | $65.0k | $13.43 |
| − OpEx | −$19.5k | −$4.03 |
| NOI | $45.5k | $9.40 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Archbald
- County
- Lackawanna
- State
- Pennsylvania
- Longitude
- -75.540977
- Latitude
- 41.497241
