For Sale
$799,000

314 Market StScranton, PA 18508

Eight-unit apartment building, excellent ROI

Overview

Added:
Dec 11, 2024
Days on market:
114
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.

Property Details for 314 Market St

Property type
Apartment buildings
Square Feet
6,400 SF
Class
C
Units
8

Location Insight

City
Scranton
County
Lackawanna
State
Pennsylvania
Latitude
41.4400211
Longitude
-75.6592409
314 Market St, Scranton, Pennsylvania

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314 Market St
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