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!
For sale
Price increase: $2.5M (2/14)
$2,500,000
1515 Vine St, Scranton, PA 18510
16beds
--baths
9,080sqft
Est.:
Multi Family
Built in 2024
-- sqft lot
$-- Zestimate®
$275/sqft
$-- HOA
What's special
High-end finishesBrand-new appliancesUpdated flooringGranite countertops
- 72 days
- on Zillow |
- 743 |
- 37 |
Zillow last checked: 7 hours ago
Listing updated: March 17, 2025 at 10:47am
Listed by:
Quinn Fenwick 551-337-1429,
Ramos Realty 6108664423
Source: Bright MLS,MLS#: PALW2000524

Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 16
Basement
- Area: 1504
Heating
- Baseboard, Electric
Cooling
- None
Appliances
- Included: Electric Water Heater
Features
- Has fireplace: No
Interior area
- Total structure area: 10,584
- Total interior livable area: 9,080 sqft
Video & virtual tour
Property
Parking
- Parking features: Off Street, On Street
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: None
Features
- Pool features: None
Lot
- Size: 6,252.09 Square Feet
Details
- Additional structures: Above Grade
- Parcel number: 15710020017
- Zoning: RESIDENTIAL
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Contemporary
- Property subtype: Multi Family
Materials
- Block, Aluminum Siding, Asphalt, Brick, Vinyl Siding
Condition
- New construction: No
- Year built: 2024
- Major remodel year: 2024
Utilities & green energy
- Sewer: Public Septic
- Water: Public
Community & HOA
Community
- Subdivision: Scranton
Location
- Region: Scranton
- Municipality: SCRANTON CITY
Financial & listing details
- Price per square foot: $275/sqft
- Tax assessed value: $23,000
- Annual tax amount: $6,073
- Date on market: 2/13/2025
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional
- Ownership: Fee Simple
- Total actual rent: 203400
- Income includes: Apartment Rentals
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