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Property profile & analytics
FOR SALE
Commercial real estate

314 W Market St Scranton, PA 18508

6,400 SF
Entity Owned 5-yr Hold
Property ID
US73-2012571
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Commercial real estate
Total area 6,400 SF
UPID US73-2012571
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
314 316 West Market Street LLC · 5 yrs held
314 316 West Market Street LLC
since 2020
3 recorded transactions
2022
Price N/A
2020
$248,000
2019
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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