Six-Unit Apartment Building with
For Sale
$799,900
525 527 Cedar Avenue, Scranton, PA 18505
MULTI_FAMILY - Scranton, PA
Property Size5,685 SF
Lot Size0.14 Acres
Price / SF$140.70
Days on Market128
Property Features for 525 527 Cedar Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
C-N
Zoning description
Commercial
Bedrooms
9
Bathrooms
7
Full bathrooms
6
Half bathrooms
1
Rooms
Bathroom 6, Bedroom 3, Bathroom 3, Bedroom 6, Bedroom 7, Bathroom 7, Bathroom 2, Bedroom 9, Basement, Bedroom 5, Bathroom 4, Bedroom 2, Bedroom 1, Bedroom 4, Bathroom 1, Bathroom 5, Bedroom 8
Elementary school district
Scranton
Middle school district
Scranton
High school district
Scranton
Directions
Cedar Avenue across from Citizens Savings Bank
Standard status
Active
APN
15616020002
Size
5,685 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
40X150 Li&C Town Plot L 7 B 2 W-11 B-003 L-016 P-005
Tax Annual Amount
5293
Legal Description
40X150 Li&C Town Plot L 7 B 2 W-11 B-003 L-016 P-005
Building Details
Year built
1920
Floors in Building
3
Number of units
6
Listing Agency:
Keller Williams Real Estate-Clarks Summit · Keller Williams Realty
(570) 585-5800
Listed By:
Sherrie L Miller · License #RM423823
(570) 430-1599
Added: Apr 1
Changed: Aug 3
Last Checked: Aug 6 at 2:06AM
MLS# SC261974
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.
This six-unit apartment building includes two first-floor storefronts currently operated as a barber shop and a salon shop. The second floor features three residential units, and the third floor includes one large penthouse unit.
The property sits on a 0.14-acre lot and has a total size of 5,685 square feet. Built in 1920 and zoned C-N, the building is described as being in good condition with good visibility.
Access is provided via an alley at the rear, and off-street parking is available for the third-floor unit. The setup combines street-level retail frontage with upstairs residential living within a single building.
The property sits on a 0.14-acre lot and has a total size of 5,685 square feet. Built in 1920 and zoned C-N, the building is described as being in good condition with good visibility.
Access is provided via an alley at the rear, and off-street parking is available for the third-floor unit. The setup combines street-level retail frontage with upstairs residential living within a single building.
Key Highlights
- Two first‑floor storefronts: barber shop and salon shop
- Second floor has 3 residential units
- Third floor penthouse is one large unit
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 | $85.3k | $15.00 |
| − Vacancy | −$9.0k | −$1.58 |
| EGI | $76.3k | $13.43 |
| − OpEx | −$22.9k | −$4.03 |
| NOI | $53.4k | $9.40 |
5,685 SF · lease $15.00/SF/yr · vacancy 10.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$763.2K
$667.8K – $890.4K
NOI $53,425 @ 7.0% cap · market cap 6.68%
Second Best
Apartment 5plus
$626.1K
$547.9K – $730.5K
NOI $43,828 @ 7.0% cap · market cap 5.48%
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.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
578
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
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Apartment building with two first-floor storefronts, three residential units on the second floor, and a penthouse on the third.
Where is this apartment building 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: Two first‑floor storefronts: barber shop and salon shop; Second floor has 3 residential units; Third floor penthouse is one large unit
