314 W Market St Scranton, PA 18508
For Sale
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This exceptional eight-unit apartment building, located at 314 W Market St in Scranton, Pennsylvania, presents a compelling investment opportunity. The property boasts 6,400 square feet and is priced at $799,000, translating to $124.84 per square foot and $99,875 per unit. Classified as a Class C multifamily property, it offers significant potential for return on investment. Situated in the desirable Greenridge area, this well-maintained building provides off-street parking for residents. A key advantage is that tenants are responsible for their own electricity, simplifying management and maximizing profitability. The convenient location, minutes from major roads and popular stores, ensures consistent tenant occupancy. This property is ideally positioned to attract and retain high-quality tenants within a thriving neighborhood. The address is 314 W Market St, Scranton, PA 18508, in Lackawanna County. This is a rare opportunity to acquire a stable, income-generating asset in a strong rental market. Don't miss this chance to capitalize on a proven investment in a high-demand area.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.