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    Property profile & analytics
    OFF-MARKET
    Commercial real estate

    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 Commercial real estate
    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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    Owner & transaction history
    615 New York Avenue LLC · 6 yrs held
    615 New York Avenue LLC
    since 2020
    4 recorded transactions
    2022
    2022
    2020
    2020
    $275,000
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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