3-Unit Residential
For Sale
$290,000
904 Ash Street, Scranton, PA 18510
Three apartments offer a two-bedroom layout on each of the lower levels and a one-bedroom unit above.
Property Size2,925 SF
Days on Market16
Property Features for 904 Ash Street
General Information
Standard status
Active
Size
2,925 SF
Property subtype
Multi Family
Units
Unit Mix
2 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$3,367
Building Details
Building Size
2,925 SF
Year Built
1930
Buildings
1
Listing Agency:
EXP Realty LLC
Listed By:
Courtney Ashely Rakipi
(570) 267-7700
Source:
Luxehomesnepa
Added: Sep 30
Changed: Oct 4
Last Checked: Oct 12 at 11:48PM
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 EXP Realty LLC
Investment Insights
Based on property information with market context.
This 1930-built residential property contains three apartments. The first and second floors each have two bedrooms and one bathroom; the uppermost unit has one bedroom and one bathroom. Appliances are included throughout.
Two apartments are tenant-occupied, while the second-floor unit is vacant and ready for occupancy. Tenants pay for heat and electricity separately, and the landlord is responsible for water and garbage service. The property is located in Scranton, Pennsylvania.
Two apartments are tenant-occupied, while the second-floor unit is vacant and ready for occupancy. Tenants pay for heat and electricity separately, and the landlord is responsible for water and garbage service. The property is located in Scranton, Pennsylvania.
Key Highlights
- Three units: two 2‑bedroom, 1‑bath apartments and one 1‑bedroom, 1‑bath apartment
- Built in 1930
- First- and third‑floor apartments are tenant‑occupied; second‑floor apartment is vacant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,122
Cap Rate
8.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$482,440
$482.4K
Cap Rate 7%
$344,600
$344.6K
Cap Rate 9%
$268,022
$268.0K
Market Conditions
NOI Build-Up for 2,925 SF
Gross rent
$36.9K $12.60/SF
− Vacancy
−$2.4K −$0.82/SF
EGI
$34.5K $11.78/SF
− OpEx
−$10.3K −$3.53/SF
NOI
$24.1K $8.25/SF
Area
Lackawanna County, PA
Vacancy
6.50%
Lease Rate
$12.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$482,440
Cap Rate 7%
$344,600
Cap Rate 9%
$268,022
Alternative Uses
Best Use
Multifamily LT 5
$344.6K
$301.5K – $402.0K
NOI $24,122 @ 7.0% cap · market cap 8.32%
Second Best
Apartment 5plus
$322.1K
$281.9K – $375.8K
NOI $22,550 @ 7.0% cap · market cap 7.78%
Theoretical Best
Office A
$742.4K
$649.6K – $866.2K
NOI $51,969 @ 7.0% cap · market cap 17.92%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,508
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
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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?
Triplex - Three apartments offer a two-bedroom layout on each of the lower levels and a one-bedroom unit above.
Where is this triplex located?
The property is located at 904 Ash Street Scranton, PA.
What is the asking price?
The asking price for this property is $290,000.
What are key features of this property?
This property features: Three units: two 2‑bedroom, 1‑bath apartments and one 1‑bedroom, 1‑bath apartment; Built in 1930; First- and third‑floor apartments are tenant‑occupied; second‑floor apartment is vacant
