615 New York St, Dunmore, PA 18509
This exceptional investment opportunity presents a six-unit apartment building located at 615 New York Street in Dunmore, Pennsylvania, 18509. The property, classified as a Class C multifamily building, boasts a total of 7,200 square feet and is offered at $999,000, translating to $138.75 per square foot and $166,500 per unit. Each of the six units is a spacious townhouse-style apartment, featuring four bedrooms and one and a half bathrooms. The building's prime location offers tenants convenient walking access to downtown Scranton's vibrant array of bars and restaurants, fostering a strong appeal to renters seeking a lively community atmosphere and easy access to local amenities. This desirable location and well-designed unit layout contribute to the property's potential for attracting long-term tenants, ensuring consistent rental income. The property's strong potential for generating income makes it an attractive addition to any investment portfolio. This well-maintained asset represents a rare opportunity to acquire a profitable investment in the heart of Dunmore. The property is situated in Lackawanna County and offers a compelling combination of location, unit design, and income potential.
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.