Renovated 17-Unit Apartment
For Sale
Contact for pricing
Pending
640 Jefferson Ave, Scranton, PA 18510
Renovated 2024–25 17-unit building with studio and 1–2 bedroom apartments on a 30,000 SF lot.
Property Size8,000 SF
Lot Size0.69 Acres
Days on Market416
Property Features for 640 Jefferson Ave
General Information
Standard status
Pending
Size
8,000 SF
Class
C
Lot size
0.69 Acres
Property subtype
Multifamily
Zoning
Multi- family
Occupancy
100%
Investment Type
Stabilized
Additional Details
Cap Rate
11.52%
Multifamily Units
17
Building Details
Year Built
1948
Year Renovated
2025
Buildings
1
Stories
3
Units
17
Listing Agency:
Steel City Realty
Listed By:
Jennifer DeJesus · License #PA RM423820
(484) 895-9005
Source:
Crexi
Added: Jul 19, 2025
Changed: Aug 8
Last Checked: Jul 24 at 4:14PM
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 Steel City Realty
Investment Insights
Based on property information with market context.
640 Jefferson Avenue is a 17-unit apartment property offering a unit mix of studios plus 1-bedroom and 2-bedroom apartments. The building was renovated in 2024/25 and is reported to be at 100% occupancy. Each unit type supports a diversified rental profile within the same asset.
The property is located at 640 Jefferson Avenue in Scranton, Pennsylvania, in Lackawanna County. It sits on a spacious 30,000 SF lot.
For investors, the offering includes a pro forma CAP rate of 11.52% and stated NOI of $176,286.
The property is located at 640 Jefferson Avenue in Scranton, Pennsylvania, in Lackawanna County. It sits on a spacious 30,000 SF lot.
For investors, the offering includes a pro forma CAP rate of 11.52% and stated NOI of $176,286.
Key Highlights
- 17‑unit multifamily building on a 30,000 SF lot
- Renovated 2024/25; Year built 1948
- Unit mix includes studios plus 1- and 2‑bedroom apartments
Property Analytics
Property Profile
Current Use
Lease Details
17
Residential units
Location Intelligence
Trade Area within ½ mile
2,725
Businesses Nearby
Explore this area
Business Placement
Demographics for 18510, PA
14,110
Population
5,824
Households
2.4
Avg Household Size
31
Median Age
28%
College-Educated
88%
High-School Grad
1.8 sq mi
ZIP Area
7,839
Density / Sq Mi
$52,500
Median Household Income
$25,282
Median Earnings
$1,040
Median Rent
$178,000
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 - Renovated 2024–25 17-unit building with studio and 1–2 bedroom apartments on a 30,000 SF lot.
Where is this apartment building located?
The property is located at 640 Jefferson Ave Scranton, PA.
What are key features of this property?
This property features: 17‑unit multifamily building on a 30,000 SF lot; Renovated 2024/25; Year built 1948; Unit mix includes studios plus 1- and 2‑bedroom apartments
