3-Unit Triplex with 3-Car
908 Richmont Street, Scranton, PA 18509
For Sale
$410,000
Residential Income, Scranton, PA
Property Size3,242 SF
Lot Size0.01 Acres
Price / SF$126.47
Days on Market51
Property Features for 908 Richmont Street
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Rooms
Fireplace
Basement
Appliances
Elementary school district
Middle school district
High school district
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Heating system
Water source
Building Details
Year built
Floors in Building
Number of units
Roof type
Listing Agency:
EXP Realty LLC
(888) 397-7352
Listed By:
Xiomara Caraballo Mercado · License PA RS370253
(570) 851-9475
Added: Sep 20
Changed: Oct 29
Last Checked: Nov 9 at 11:06AM
MLS# SC264722
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.
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Investment Insights
Based on property information with market context.
This renovated triplex contains 3,242 square feet across three vacant apartments. Two units have two bedrooms and one full bath each; the third has four bedrooms and one full bath. A 3-car garage serves the property. Built in 1930, the building has Multi-Family zoning, public water, natural-gas heating, and a fireplace. Appliances include an electric cooktop, electric range, refrigerator, and electric water heater.
The property is in Scranton’s Green Ridge area, with shopping, dining, transportation, and a university described as a short distance away. The sale is as-is, and the seller will not complete repairs; the buyer is responsible for repairs required by a lender or appraiser.
The property is in Scranton’s Green Ridge area, with shopping, dining, transportation, and a university described as a short distance away. The sale is as-is, and the seller will not complete repairs; the buyer is responsible for repairs required by a lender or appraiser.
Key Highlights
- Three vacant units: two 2‑bedroom/1‑bath apartments and one 4‑bedroom/1‑bath apartment
- 3,242 square feet of building area on a 0.01‑acre lot
- 3‑car garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,736
Cap Rate
6.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$534,720
$534.7K
Cap Rate 7%
$381,943
$381.9K
Cap Rate 9%
$297,067
$297.1K
Market Conditions
NOI Build-Up for 3,242 SF
Gross rent
$40.8K $12.60/SF
− Vacancy
−$2.7K −$0.82/SF
EGI
$38.2K $11.78/SF
− OpEx
−$11.5K −$3.53/SF
NOI
$26.7K $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%
$534,720
Cap Rate 7%
$381,943
Cap Rate 9%
$297,067
Alternative Uses
Best Use
Multifamily LT 5
$381.9K
$334.2K – $445.6K
NOI $26,736 @ 7.0% cap · market cap 6.52%
Second Best
Apartment 5plus
$357.1K
$312.4K – $416.6K
NOI $24,994 @ 7.0% cap · market cap 6.10%
Theoretical Best
Office A
$822.9K
$720.0K – $960.0K
NOI $57,602 @ 7.0% cap · market cap 14.05%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
643
Businesses Nearby
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Business Placement
Demographics for 18509, PA
13,720
Population
6,017
Households
2.3
Avg Household Size
39
Median Age
28%
College-Educated
90%
High-School Grad
3.0 sq mi
ZIP Area
4,573
Density / Sq Mi
$52,206
Median Household Income
$31,657
Median Earnings
$991
Median Rent
$176,300
Median Home Value
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Market
Average Price Trend$/SF for Triplexes in Scranton, PA
Properties on Market for Triplexes in Scranton
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Vacant apartments offer a two- and four-bedroom mix, with natural-gas heating and a garage for three vehicles.
Where is this triplex located?
The property is located at 908 Richmont Street Scranton, PA.
What is the asking price?
The asking price for this property is $410,000.
What are key features of this property?
This property features: Three vacant units: two 2‑bedroom/1‑bath apartments and one 4‑bedroom/1‑bath apartment; 3,242 square feet of building area on a 0.01‑acre lot; 3‑car garage
