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    FOR SALE
    Office buildings

    925 Prospect Ave, Scranton, PA 18505

    42,050 SF Built 1897
    Entity Owned 5-yr Hold
    Property ID
    US73-4113604
    Property summary
    AI-generated overview

    Introducing Goodwill Residences, a well-maintained, fully occupied 36-unit multifamily asset offering a rare combination of scale, condition, and location. Situated on nearly one acre, this impressive 42,050 square-foot building features a mix of one- and two-bedroom apartments, all thoughtfully designed to provide comfort, accessibility, and long-term tenant appeal. Housed in a beautifully repurposed historic former high school, the property blends timeless architectural character with modern functionality. Residents enjoy high ceilings, open floor plans, abundant natural light, modern kitchens, large closets, and individually controlled heating and cooling. Select units are handicap accessible, enhancing inclusivity and broadening the tenant base. The building is meticulously maintained and offers a range of desirable amenities including on-site laundry facilities, a community kitchen, library, and wall-to-wall carpeting throughout. The property also includes over 17 on-site parking spaces, a valuable feature for residents and visitors alike. In addition to the residential component, the commercial portion of the building offers office space and a gym, providing significant upside potential for additional income, adaptive reuse, or expanded services. Ideally located just minutes from downtown Scranton, the property offers convenient access to I-81, hospitals, parks, shopping, and essential services—making it an attractive and affordable housing option for senior residents while maintaining strong occupancy and stability.

    Property profile
    Verified
    Property type Office buildings
    Year built 1897
    Total area 42,050 SF
    UPID US73-4113604
    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
    Current use
    Occupant on record · Public records
    • Goodwill Industries of Northeastern PA Administrative Office Social Service Agency Charitable Organization
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Good Will Residence LLC · 5 yrs held
    Good Will Residence LLC
    since 2020
    2 recorded transactions
    2022
    2020
    $1.0M
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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