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Property profile & analytics
OFF-MARKET
Apartment buildings

615 New York St Dunmore, PA 18509

7,200 SF
Entity Owned 6-yr Hold
Property ID
US73-1036286
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Apartment buildings
Total area 7,200 SF
UPID US73-1036286
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
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
615 New York Avenue LLC · 6 yrs held
615 New York Avenue LLC
since 2020
4 recorded transactions
2022
Price N/A
2022
Price N/A
2020
Price N/A
2020
$275,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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