Check Availability
$2,500,000
Multifamily - For Sale

1515 VINE ST

SCRANTON, PA 18510
bedrooms
Studio
bathrooms
0 Bath
$12,276
Est. Monthly

About This Property

8 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. Strategically located in a desirable rental market, this property is already 70% 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!
Unit Size
-
Days on Market
41 days
Land Size
0.14 acres
Price per sqft
-
Property Type
Multifamily
Property Taxes
$506
HOA Dues
-
Year Built
-

Listed By

Payment Calculator

Cap Rate Calculator

Last updated: 9 days ago (Bright MLS #PALW2000524)

Price History

Date / Event Date Event Price
Feb 13, 2025 Listed by Ramos Realty $2,500,000
Listed by Ramos Realty

Property Highlights

Parking Details
Parking Features: Off Street, On Street
Interior Details
Living Area Square Feet Source: Estimated
Exterior Details
Ownership Interest: Fee Simple
Year Built Source: Estimated
Other Structures: Above Grade
Structure Type: Other
Construction Materials: Block, Aluminum Siding, Asphalt, Brick, Vinyl Siding
No Pool
Tidal Water: N
Lot Size Source: Estimated
Land Assessed Value: $23,000
Financial Details
County Tax: $1,463
County Tax Payment Frequency: Annually
City Town Tax: $1,210
City Town Tax Payment Frequency: Annually
Tax Assessed Value: $23,000
Tax Year: 2024
Tax Annual Amount: $6,073
Year Assessed: 2024
Utilities Details
Cooling Type: None
Heating Type: Baseboard - Electric
Cooling Fuel: None
Heating Fuel: Electric
Hot Water: Electric
Sewer Septic: Public Septic
Water Source: Public

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
Commercial
Loft
-
107,200 ft²
$19/ft²
$2,000,000 May 9, 2014
$2,000,000 Aug 15, 2014
$14,899/mo

Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20240110
01/10/2024
Studio
-
9080 ft²
$795,000
bedrooms
Studio
bathrooms
-
square feet
9080 ft²
-
-
-
Robert A Velez
KW Commercial - Main St

Building Info

1515 Vine Street 1515 Vine Street, Scranton, PA 18510
  • 1 Unit for Sale
More about this Building
1515 Vine Street
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About Hill Section


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