1515 VINE ST Active Save Request In-Person Tour Request Virtual Tour
Scranton,PA 18510
Key Details
Property Type Multi-Family
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 9,080 sqft
Price per Sqft $275
Subdivision Scranton
MLS Listing ID PALW2000524
Style Contemporary
Year Built 2024
Annual Tax Amount $6,073
Tax Year 2024
Lot Size 6,252 Sqft
Property Sub-Type Other
Property Description
10 UNITS LEASED – 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 with immediate cash flow. Now 83% leased, this property is performing with just two units left to fill—offering strong in-place income and room for upside.
Each unit has been fully modernized with granite countertops, updated flooring, and brand-new appliances, appealing to quality tenants and reducing long-term maintenance costs.
At a projected 7.23% cap rate, this opportunity offers:
Turnkey Condition – No major capital expenditures needed
Immediate Cash Flow – 10 of 12 units leased
Modern Finishes – Granite counters, stainless appliances, and updated interiors
Tenant-Friendly Amenities – Laundry, secure entry, and modern mail system
Prime Location – Near hospitals, universities, and key commuter routes
With high rental demand and market rents continuing to rise, this property is ideally positioned for full stabilization and long-term appreciation.
Contact us for full financials and to schedule a private tour of this income-producing gem!
Location
State PA
County Lackawanna
Area Scranton City (13634)
Zoning RESIDENTIAL
Interior
Hot Water Electric
Heating Baseboard - Electric
Cooling None
Exterior
Water Access N
Building
Sewer Public Septic
Water Public
New Construction N
Schools
Elementary Schools Frances Willard
Middle Schools South Scranton
High Schools Scranton
School District Scranton
Others
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Special Listing Condition Standard
Virtual Tour https://aa-aerial-imaging.aryeo.com/videos/0195023f-4c40-71c3-bdd5-054d83ce0997