640 Jefferson Ave - Apartments FOR SALE


Scranton, PA 18510- Hill Section
$1,529,977 USD
610-217-6330
640 Jefferson Ave, Scranton, PA for Sale
$1,529,977 USD
Apartments - FOR SALE
1/25
null | 11.52% Cap Rate

640 Jefferson Ave
Scranton, PA 18510
Hill Section


HIGHLIGHTS

  • Laundry on Site
  • Newly Renovated Units
  • Turn Key with Upside Potential

OVERVIEW

Located in the heart of Scranton, PA, this fully renovated 17-unit multifamily property offers a rare opportunity to own high-quality housing in one of the city’s most desirable and high-demand neighborhoods. Just minutes from Geisinger School of Medicine and Commonwealth Health Regional Hospital, this property is ideally suited for medical students, residents, healthcare professionals, and business travelers alike. Recent renovations have modernized both the interiors and systems, ensuring low-maintenance ownership and a premium living experience for tenants. With close proximity to major employers such as TMG Health, University of Scranton, Sanofi, MetLife, Cigna, Amazon, Johnson College, & McLane Company, this location is a hub of career and academic activity. Perfectly positioned for long-term appreciation and strong rental income, this property is a turn-key asset in a growing market.

FOR SALE DETAILS

PRICE

$1,529,977 USD

PRICE/SF

$191 USD /SF

# OF UNITS

17

PRICE/UNIT

$89,999

CAP RATE

11.52%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Dormitory

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1948

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.69 AC

LAND SF

30,056 SF

ZONING

c

APN/PARCEL ID

14677020006

ASK ABOUT THIS PROPERTY

Jennifer de JesusSteel City RealtyMore Info
610-217-6330

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Jennifer de JesusSteel City RealtyMore Info
610-217-6330

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