Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    311 Irving Ave Scranton, PA 18505-4500
    Back to Search
    Property profile & analytics

    311 Irving Ave, Scranton, PA 18505-4500

    View on Map
    • Apartment buildings
    • 0.14 lot acres
    Off-Market
    Last Sale Jan 7, 2025
    $421,500
    Property ID
    US73-1090034
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Apartment buildings

    Property Details for 311 Irving Ave

    Lot size
    0.14 lot acres
    Property type
    Apartment buildings
    APN
    15717010041
    APU
    15717010041

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jan 7, 2025 $421,500 Aks Real Estate Investments LLC Honey And Son LLC Deed $332k · Service 1st FCU
    Aug 21, 2023 — Honey And Son LLC — Deed · related $244k · Luzerne Bank
    Mar 16, 2022 $285,000 Honey And Son LLC Dean A Summa Deed $210k · Bpl Mortgage Trust LLC
    Mar 15, 2022 — Dean A Summa Dean A Summa Correction Deed · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Scranton
    County
    Lackawanna
    State
    Pennsylvania
    Longitude
    -75.6571
    Latitude
    41.3978
    CBSA code
    42540
    CBSA name
    SCRANTON--WILKES-BARRE, PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $4,676
    $2,400
    $13,600
    $16,000
    -
    $2,400
    $13,600
    $16,000

    Comparable in this City

    • Value Estimation by Request
      0.54 Acres

      507 Broadway St, Unit 513

      APARTMENT HOUSE (5+ UNITS)
      507 Broadway St, Scranton, PA 18505-1069
      View Details
    • Value Estimation by Request
      0.10 Acres

      429 Irving Ave

      APARTMENT HOUSE (5+ UNITS)
      429 Irving Ave, Scranton, PA 18505-2035
      View Details
    • Value Estimation by Request
      0.13 Acres

      331 Cedar Ave, Unit 329

      APARTMENT HOUSE (5+ UNITS)
      331 Cedar Ave, Scranton, PA 18505-1268
      View Details
    • Value Estimation by Request
      0.10 Acres

      917 Cedar Ave, Unit 919

      APARTMENT HOUSE (5+ UNITS)
      917 Cedar Ave, Scranton, PA 18505-1253
      View Details
    • Value Estimation by Request
      0.13 Acres

      1211 Pittston Ave, Unit 1213

      APARTMENT HOUSE (5+ UNITS)
      1211 Pittston Ave, Scranton, PA 18505-1584
      View Details
    • Value Estimation by Request
      0.13 Acres

      1401 Prospect Ave

      APARTMENT HOUSE (5+ UNITS)
      1401 Prospect Ave, Scranton, PA 18505-1748
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      42,050 SF

      Historic Multifamily Building Near Downtown

      Well-maintained, fully occupied 36-unit multifamily asset near downtown Scranton.
      925 Prospect Ave, Scranton, PA 18505
      View Details
    • $579,000
      3,638 SF

      Renovated Scranton Multifamily Investment Property

      Fully renovated 5-unit apartment building in Scranton, PA.
      1131 Pittston Ave, Scranton, PA 18505
      View Details
    • $699,000
      6,200 SF

      Scranton Multifamily Investment Opportunity

      Multifamily property with seven residential units and three garage spaces.
      1418 Pittston Ave, Scranton, PA 18505
      View Details
    • $799,900
      5,685 SF

      Mixed-Use Property in Downtown Scranton

      Six-unit mixed-use property with storefronts and residential units.
      525 Cedar Ave, Scranton, PA 18505
      View Details
    • $299,000
      Pending

      Spacious Duplex with Long-Term Tenants

      Well-maintained duplex featuring spacious units and long-term tenants.
      736-738 Hickory St, Scranton, PA 18505
      View Details
    • Contact for pricing
      2,200 SF

      South Scranton Triplex Investment Opportunity

      Well-maintained three-unit property in South Scranton with updated utilities.
      433 Willow St, Scranton, PA 18505
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,630 SF

      Office Space Available For Rent

      2630 square feet of office space for lease.
      820 S Washington Ave, Scranton, PA 18505
      View Details
    • New
      $5 SF/Yr
      6,534 SF

      Retail Showroom with Front Windows

      Ground-floor retail space with an open layout, front windows, and customer access from on-site parking.
      302 E Locust St, Scranton, PA 18505
      View Details
    • New
      $500 /Mo
      637 SF

      Single-Bay Garage Storage Space

      Single-bay garage space for small equipment storage or contractor use, with an overhead door and on-site parking access.
      302 E Locust St, Scranton, PA 18505
      View Details
    • $800 /Mo
      820 SF

      Scranton Commercial Space Available

      Restaurant space available for lease in Scranton, Pennsylvania.
      902 S Webster Ave, Scranton, PA 18505
      View Details
    • Contact for pricing
      210,208 SF

      Scranton Warehouse Space Available

      210,208 square foot warehouse space for lease.
      Winfield Kane St, Scranton, PA 18505
      View Details
    • $0.01 SF/Yr

      Commercial Land Ready For Development

      Commercially zoned vacant land for lease in Scranton, Pennsylvania.
      1212 Cedar Ave, Scranton, PA 18505
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    311 Irving Ave
    Scranton, PA 18505-4500
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    311 Irving Ave, Scranton, PA, 18505
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!