314-316 W Market Street, Scranton, PA 18508 (MLS# SC-250652)

314-316 W Market Street, Scranton, PA 18508

$799,000
Property Type: Residential Income Bedrooms: 13 Baths: 8 Lot Size (sq. ft.): 8,276 Status: Active
Current Price: $799,000 List Date: 2/17/2025 Last Modified: 2/17/2025

Description

Great 8 unit in the North Scranton area! This great property offers great opportunity for all investors looking with off street parking and tenants pay separate electric. Well maintained and close to stores and major roads.All units have been updated.

More Information MLS# SC-250652

Contract Information

Current Price: $799,000 List Price: $799,000 Status: Active Listing Contract Date: 2025-02-17 Property Sub Type: Multi Family Property Attached YN: No Listing Agreement: Exclusive Right To Sell Listing Service: Full Service Owner Name: 314 316 West Market Street LLC

Location Tax and Legal

Street Number: 314-316 Street Direction Prefix: W Street Name: Market Street Suffix: Street State: PA Postal Code: 18508 County: Lackawanna

General Property Information

Number Of Buildings: 1 Number Of Units Total: 8 Bedrooms Total: 13 Bathrooms Total: 8 Bathrooms Full: 8 Above Grade Finished Area: 6400 Living Area: 6400 Enhanced Accessible: No Year Built: 1960 Year Built Source: Estimated New Construction YN: No Garage YN: No Lot Size Acres: 0.19 Lot Size Dimensions: 41X200 Lot Dimensions Source: Public Records Land Lease YN: No Association YN: No Waterfront YN: No Basement YN: Yes Furnished: Unfurnished Stories: 3 Units Furnished: None Fireplace YN: No Spa YN: No Senior Community YN: No Rent Control YN: No Auction YN: No List Price/SqFt: 124.84

Remarks and Miscellaneous

Public Remarks: Great 8 unit in the North Scranton area! This great property offers great opportunity for all investors looking with off street parking and tenants pay separate electric. Well maintained and close to stores and major roads.All units have been updated.

Status Change Information

Major Change Timestamp: 2025-02-17T17:28:12Z Major Change Type: New Listing Status Change Timestamp: 2025-02-17

Income and Expenses

Gross Income: 91800 Net Operating Income: 74470 Operating Expense: 17330

Unit 1

Unit #: 1 Actual Rent: 1000 SqFt Total: 800 Baths Total: 1 Beds Total: 2 Dining Room YN: No Kitchen YN: Yes

Unit 2

Unit #: 2 Actual Rent: 1000 SqFt Total: 800 Baths Total: 1 Beds Total: 2 Dining Room YN: No Kitchen YN: Yes

Unit 3

Unit #: 3 Actual Rent: 850 SqFt Total: 600 Baths Total: 1 Beds Total: 1 Dining Room YN: No Kitchen YN: Yes Occupied YN: No

Unit 4

Unit #: 4 Actual Rent: 850 SqFt Total: 600 Baths Total: 1 Beds Total: 2 Dining Room YN: No Kitchen YN: Yes

Unit 5

Unit #: 5 Actual Rent: 1000 SqFt Total: 600 Baths Total: 1 Beds Total: 1 Dining Room YN: No Kitchen YN: Yes

Unit 6

Unit #: 6 Actual Rent: 850 SqFt Total: 600 Baths Total: 1 Beds Total: 3 Dining Room YN: No Kitchen YN: Yes Living Room YN: Yes Occupied YN: No

Unit 7

Unit #: 7 Actual Rent: 700 SqFt Total: 600 Baths Total: 1 Beds Total: 1 Dining Room YN: No Kitchen YN: Yes Occupied YN: No

Unit 8

Unit #: 8 Actual Rent: 1300 SqFt Total: 1000 Baths Total: 1 Beds Total: 1 Dining Room YN: No Kitchen YN: Yes

Property Features

Appliances: Other Architectural Style: Complex Basement: Unfinished Cooling: None Current Financing: Other Current Use: Multi-Family Electric: Circuit Breakers Fencing: None Fireplace Features: None Foundation Details: Combination Levels: Three Or More Lot Features: Level Parking Features: Gravel; Off Street Patio And Porch Features: Deck; Rear Porch Pool Features: None Road Frontage Type: City Street Road Responsibility: Public Maintained Road Road Surface Type: Asphalt Roof: Flat Sewer: Public Sewer Spa Features: None Structure Type: Multi Family Tenant Pays: Electricity; Water View: Neighborhood Water Source: Public
Listing Office: ERA One Source Realty
Last Updated: February - 17 - 2025
Information deemed reliable but not guaranteed.