Five-Unit Apartment
For Sale
$499,900
715 Moosic Street, Scranton, PA 18505
City-registered rental with rear storage and a parking pad for several vehicles.
Property Size5,512 SF
Days on Market54
Property Features for 715 Moosic Street
General Information
Standard status
Active
Size
5,512 SF
Property subtype
Multi Family
Occupancy
100%
Additional Details
Utilities to Site
Yes
Multifamily Units
5
Taxes and HOA fees
Annual Taxes
$5,788
Amenities
parking pad
storage unit
Building Details
Building Size
5,512 SF
Year Built
1950
Listing Agency:
ERA One Source Realty
Listed By:
Diane Stracham · License #RS318034
(570) 241-3982
Source:
Luxehomesnepa
Added: Sep 3
Changed: Oct 25
Last Checked: Oct 25 at 2:08AM
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 ERA One Source Realty
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Investment Insights
Based on property information with market context.
Built in 1950, this apartment property contains five rental units and is registered with the city as a five-unit rental. The units are fully rented to long-term tenants, and the property has received ongoing maintenance. A parking pad accommodates several cars, while a separate storage unit is located behind the building.
The landlord covers gas heat, water, and sewer. Tenants are responsible for their own electric service. The property is located at 715 Moosic Street in Scranton, Pennsylvania.
The landlord covers gas heat, water, and sewer. Tenants are responsible for their own electric service. The property is located at 715 Moosic Street in Scranton, Pennsylvania.
Key Highlights
- Five rental units registered with the city as a 5 unit rental
- Fully rented to long term tenants
- Built in 1950
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,494
Cap Rate
8.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$849,880
$849.9K
Cap Rate 7%
$607,057
$607.1K
Cap Rate 9%
$472,156
$472.2K
Market Conditions
NOI Build-Up for 5,512 SF
Gross rent
$82.0K $14.88/SF
− Vacancy
−$4.8K −$0.86/SF
EGI
$77.3K $14.02/SF
− OpEx
−$34.8K −$6.31/SF
NOI
$42.5K $7.71/SF
Area
Lackawanna County, PA
Vacancy
5.80%
Lease Rate
$14.88 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$849,880
Cap Rate 7%
$607,057
Cap Rate 9%
$472,156
Alternative Uses
Best Use
Apartment 5plus
$607.1K
$531.2K – $708.2K
NOI $42,494 @ 7.0% cap · market cap 8.50%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.40M
$1.22M – $1.63M
NOI $97,933 @ 7.0% cap · market cap 19.59%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
5
Residential units
100%
Occupancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,605
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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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - City-registered rental with rear storage and a parking pad for several vehicles.
Where is this apartment building located?
The property is located at 715 Moosic Street Scranton, PA.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: Five rental units registered with the city as a 5 unit rental; Fully rented to long term tenants; Built in 1950
