Six-Unit Mixed-Use
For Sale
$799,900
525 527 Cedar Avenue, Scranton, PA 18505
Three-story property combines storefront space with residential units and rear alley access.
Property Size5,685 SF
Days on Market197
Property Features for 525 527 Cedar Avenue
General Information
Standard status
Active
Size
5,685 SF
Property subtype
Multi Family
Additional Details
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$5,292
Building Details
Building Size
5,685 SF
Year Built
1920
Listing Agency:
Keller Williams Real Estate-Clarks Summit
Listed By:
Sherrie L Miller · License #RM423823
(570) 430-1599
Source:
Luxehomesnepa
Added: Apr 1
Changed: Oct 11
Last Checked: Oct 12 at 11:53PM
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 Keller Williams Real Estate-Clarks Summit
Investment Insights
Based on property information with market context.
Built in 1920, this three-story mixed-use building contains 5,685 square feet and six total units. The ground level includes two storefronts currently occupied by a barber shop and a salon. Three residential units are located on the second floor, while the top floor is configured as one large penthouse residence.
The property is located in downtown Southside and includes access from an alley at the rear. Off-street parking is available for the top-floor unit, providing three spaces. The combination of commercial frontage and residential occupancy creates a vertically integrated layout within a single building.
The property is located in downtown Southside and includes access from an alley at the rear. Off-street parking is available for the top-floor unit, providing three spaces. The combination of commercial frontage and residential occupancy creates a vertically integrated layout within a single building.
Key Highlights
- Six‑unit configuration with two commercial storefronts and four residential units
- 5,685 square feet across three stories
- Two ground‑floor storefronts currently used by a barber shop and salon
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$57,561
Cap Rate
7.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,151,220
$1.2M
Cap Rate 7%
$822,300
$822.3K
Cap Rate 9%
$639,567
$639.6K
Market Conditions
NOI Build-Up for 5,685 SF
Gross rent
$102.3K $18.00/SF
− Vacancy
−$10.2K −$1.80/SF
EGI
$92.1K $16.20/SF
− OpEx
−$34.5K −$6.07/SF
NOI
$57.6K $10.13/SF
Area
Lackawanna County, PA
Vacancy
10.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,151,220
Cap Rate 7%
$822,300
Cap Rate 9%
$639,567
Alternative Uses
Best Use
Mixed Use
$822.3K
$719.5K – $959.4K
NOI $57,561 @ 7.0% cap · market cap 7.20%
Second Best
Retail
$763.2K
$667.8K – $890.4K
NOI $53,425 @ 7.0% cap · market cap 6.68%
Theoretical Best
Office A
$1.44M
$1.26M – $1.68M
NOI $101,007 @ 7.0% cap · market cap 12.63%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
2,366
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Three-story property combines storefront space with residential units and rear alley access.
Where is this mixed-use property located?
The property is located at 525 527 Cedar Avenue Scranton, PA.
What is the asking price?
The asking price for this property is $799,900.
What are key features of this property?
This property features: Six‑unit configuration with two commercial storefronts and four residential units; 5,685 square feet across three stories; Two ground‑floor storefronts currently used by a barber shop and salon
