Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    314 W Market St Scranton, PA 18508
    Back to Search
    Property profile & analytics

    314 W Market St, Scranton, PA 18508

    View on Map
    • Commercial real estate
    • 6,400 SF
    For Sale
    $699,000
    View Listing →
    North Scranton Multifamily Investment Opportunity For Sale
    $699,000
    6,500 SF

    North Scranton Multifamily Investment Opportunity

    Well-maintained 8-unit apartment building in North Scranton.

    314 W Market Street, Scranton, PA 18508
    View Listing
    Property ID
    US73-2012571
    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

    • Commercial real estate

    Property Details for 314 W Market St

    Property type
    Commercial real estate

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Oct 25, 2022 — 314 316 West Market Street LLC — Deed · related $2.4M · First Keystone Community Bank
    Aug 11, 2020 $248,000 314 316 West Market Street LLC John M Dougherty Deed $1.7M · Td Bank NA
    Oct 17, 2019 — John M Dougherty — Deed · related $410k · The Fidelity Deposit & Discount Bank

    Description

    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.

    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
    -75.6592409
    Latitude
    41.4400211

    Comparable in this City

    • $379,000
      3,440 SF

      Scranton Multifamily Property For Sale

      Multifamily property in Scranton, PA, totaling 3,440 square feet.
      2089 N Main Ave, Scranton, PA 18508
      View Details
    • New
      $699,000
      Pending

      North Scranton Multifamily Investment Opportunity

      Well-maintained 8-unit apartment building in North Scranton.
      314 W Market St, Scranton, PA 18508
      View Details
    • $1,490,000
      Pending

      Scranton Mixed-Use Investment Opportunity

      2.6-acre parcel with four buildings in Scranton, PA.
      10 Green Ridge St, Scranton, PA 18508
      View Details
    • Contact for pricing
      Pending

      Scranton Mixed-Use Investment Opportunity

      Four buildings on 2.6 acres with redevelopment potential.
      10 Green Ridge St, Scranton, PA 18508
      View Details
    • $389,000
      2,095 SF

      Renovated Duplex in North Scranton

      Meticulously renovated duplex with modern amenities and high-efficiency systems.
      1132 Lloyd St, Scranton, PA 18508
      View Details
    • $345,000
      3,669 SF

      Scranton Multifamily Conversion Opportunity

      High-visibility building ready for conversion into a 4-unit multifamily.
      1248-1252 Providence Rd, Scranton, PA 18508
      View Details

    Similar Nearby for Sale

    • $379,000
      3,440 SF

      Scranton Multifamily Property For Sale

      Multifamily property in Scranton, PA, totaling 3,440 square feet.
      2089 N Main Ave, Scranton, PA 18508
      View Details
    • New
      $699,000
      Pending

      North Scranton Multifamily Investment Opportunity

      Well-maintained 8-unit apartment building in North Scranton.
      314 W Market St, Scranton, PA 18508
      View Details
    • $1,490,000
      Pending

      Scranton Mixed-Use Investment Opportunity

      2.6-acre parcel with four buildings in Scranton, PA.
      10 Green Ridge St, Scranton, PA 18508
      View Details
    • Contact for pricing
      Pending

      Scranton Mixed-Use Investment Opportunity

      Four buildings on 2.6 acres with redevelopment potential.
      10 Green Ridge St, Scranton, PA 18508
      View Details
    • $389,000
      2,095 SF

      Renovated Duplex in North Scranton

      Meticulously renovated duplex with modern amenities and high-efficiency systems.
      1132 Lloyd St, Scranton, PA 18508
      View Details
    • $345,000
      3,669 SF

      Scranton Multifamily Conversion Opportunity

      High-visibility building ready for conversion into a 4-unit multifamily.
      1248-1252 Providence Rd, Scranton, PA 18508
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      12,480 SF

      Retail Space Near Viewmont Mall

      Retail space with high visibility and strong daytime population.
      600-800 Commerce Blvd, Dickson City, PA 18508
      View Details
    • Contact for pricing

      Viewmont Mall Outparcel Retail Opportunity

      Retail space available in Dickson City/Scranton retail market.
      100 Viewmont Mall, Scranton, PA 18508
      View Details
    • $5,000 /Mo
      6,200 SF

      Retail Space Near Dunkin Donuts

      6,200 sq ft commercial space next to Dunkin Donuts.
      1337 N Main Ave, Scranton, PA 18508
      View Details
    • Contact for pricing
      3,263 SF

      Retail Space Available For Rent

      Retail space available for lease in Scranton, Pennsylvania.
      1822 N Main Ave, Scranton, PA 18508
      View Details
    • $12 SF/Yr

      Retail Space For Lease

      4,000 SF retail space available for lease.
      730 Oak St, Scranton, PA 18508
      View Details
    • $10,000 /Mo
      84,071 SF

      Commercial Land on Route 6/11

      1.93 acres of commercial land for rent.
      Scranton Carbondale Hwy, Dickson City, PA 18508
      View Details
    View Listing
    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.
    314 W Market St
    Scranton, PA 18508
    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
    314 W Market St, Scranton, PA, 18508
    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!