5-Unit Multifamily
New
For Sale
$489,000
913 Albright Avenue, Scranton, PA 18508
Residential Income, Scranton, PA
Property Size4,062 SF
Lot Size0.19 Acres
Price / SF$120.38
Days on Market5
Property Features for 913 Albright Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
N
Bedrooms
11
Bathrooms
5
Full bathrooms
5
Rooms
Bedroom 10, Bathroom 2, Bedroom 2, Bedroom 11, Bathroom 4, Bedroom 6, Bedroom 3, Basement, Bathroom 5, Bathroom 3, Bedroom 8, Bedroom 4, Bedroom 9, Bathroom 1, Bedroom 1, Bedroom 5, Bedroom 7
Basement
Full, Unfinished
Appliances
Electric Range, Refrigerator
Lot features
City Lot
Elementary school district
Scranton
Middle school district
Scranton
High school district
Scranton
Directions
Off Providence Road, Corner of Albright & Langstaff
Standard status
Active
APN
14508040031
Size
4,062 SF
Lot size
0.19 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
59X134x80x78 Bldg & Land W-21 B-0700 L-0060 P-01300
Tax Annual Amount
5877
Legal Description
59X134x80x78 Bldg & Land W-21 B-0700 L-0060 P-01300
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1930
Floors in Building
2
Number of units
5
Flooring type
Vinyl, Carpet
Building materials
Aluminum Siding
Roof type
Shingle
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: Oct 14
Changed: Oct 17
Last Checked: Oct 18 at 2:06AM
MLS# SC265234
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 multifamily property comprises a front building with three units and a rear building with two, for five units across 4,062 square feet. The buildings sit on a 0.19-acre corner lot in Scranton. Tenants pay all utilities except sewer, which is billed separately.
Built in 1930, the property has aluminum siding, vinyl and carpet flooring, and shingle roofing. Public water and public sewer serve the site; listed appliances include electric ranges and refrigerators.
Built in 1930, the property has aluminum siding, vinyl and carpet flooring, and shingle roofing. Public water and public sewer serve the site; listed appliances include electric ranges and refrigerators.
Key Highlights
- Five units across two buildings: three in the front building and two in the rear
- 4,062 square feet on a 0.19‑acre corner lot
- Tenants cover all utilities except separately billed sewer
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,315
Cap Rate
6.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$626,300
$626.3K
Cap Rate 7%
$447,357
$447.4K
Cap Rate 9%
$347,944
$347.9K
Market Conditions
NOI Build-Up for 4,062 SF
Gross rent
$60.4K $14.88/SF
− Vacancy
−$3.5K −$0.86/SF
EGI
$56.9K $14.02/SF
− OpEx
−$25.6K −$6.31/SF
NOI
$31.3K $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%
$626,300
Cap Rate 7%
$447,357
Cap Rate 9%
$347,944
Alternative Uses
Best Use
Apartment 5plus
$447.4K
$391.4K – $521.9K
NOI $31,315 @ 7.0% cap · market cap 6.40%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.03M
$902.1K – $1.20M
NOI $72,171 @ 7.0% cap · market cap 14.76%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,014
Businesses Nearby
Explore this area
Business Placement
Demographics for 18508, PA
11,664
Population
5,466
Households
2.1
Avg Household Size
40
Median Age
18%
College-Educated
90%
High-School Grad
6.8 sq mi
ZIP Area
1,715
Density / Sq Mi
$44,706
Median Household Income
$31,055
Median Earnings
$1,034
Median Rent
$120,700
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Multifamily property - Two buildings occupy a corner parcel, with tenants responsible for utilities other than sewer.
Where is this multifamily property located?
The property is located at 913 Albright Avenue Scranton, PA.
What is the asking price?
The asking price for this property is $489,000.
What are key features of this property?
This property features: Five units across two buildings: three in the front building and two in the rear; 4,062 square feet on a 0.19‑acre corner lot; Tenants cover all utilities except separately billed sewer
