1515 Vine St - Apartments FOR SALE


Scranton, PA 18510- Hill Section
$2,500,000 USD
551-337-1429
1515 Vine St, Scranton, PA for Sale
$2,500,000 USD
Apartments - FOR SALE
1/41
null | 6.78% Cap Rate

1515 Vine St
Scranton, PA 18510
Hill Section


HIGHLIGHTS

  • Fully Renovated 12-Unit Multifamily with modern upgrades
  • 6.78% Cap Rate
  • Prime Rental Potential

OVERVIEW

Prime Turnkey Investment Opportunity – 12-Unit Multifamily in Scranton, PA A newly renovated 12-unit multifamily property designed for investors seeking a premium, low-maintenance asset. Strategically located in a desirable rental market, this property is already 50% occupied with strong leasing potential. Each unit has been fully modernized, featuring brand-new appliances, granite countertops, and updated flooring, ensuring long-term tenant appeal. The building also includes on-site laundry facilities, individual mailboxes, and a secure entry system to enhance convenience and security. With a 6.78% cap rate, this property offers: Turnkey Condition – No immediate capital expenditures required Strong Rental Demand – Positioned for full occupancy with competitive market rents High-End Finishes – Granite countertops and modern appliances for durability and style Tenant Amenities – Washer & dryer in the building, secure mailboxes, and updated common areas Strategic Location – Close to major employers, universities, hospitals, and transit This is an excellent opportunity to acquire a fully upgraded, income-generating asset with room for upside as occupancy increases. Contact us today for financials and to schedule a private tour!

FOR SALE DETAILS

PRICE

$2,500,000 USD

PRICE/SF

$275 USD /SF

# OF UNITS

12

PRICE/UNIT

$208,333

CAP RATE

6.78%

% LEASED

50%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Vine St Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Dormitory

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1960

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,098 SF

ZONING

R-1A

APN/PARCEL ID

15710020017

ASK ABOUT THIS PROPERTY

Quinn FenwickCentury 21 Ramos RealtyMore Info
551-337-1429

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Quinn FenwickCentury 21 Ramos RealtyMore Info
551-337-1429

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.