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$924,000
MLS #26-1054

829 Monroe Avenue, Scranton

Scranton, PA, 18510
7
Units
5,376
Building Square Footage

About This Property.

Located in the Hill section of scranton this victorian style 7 unit, 9.5 CAP, multi family building is within walking distance to hospitals and colleges. It has been completely renovated down to the studs along with utility upgrades, plumbing etc then finished with granite counters and tiled baths in each apartment. Additionally this cash flowing investment features completely separated utilities. 6 of the units are rented and the last is currently on the market. while used for long term rentals today, Its close proximity to colleges and large hospitals beg the question if this property could have an enhanced ROI by focusing on short term/furnished rentals. Regardless of your investment strategy, all the hard work has already been done. Text or call 516-673-5685 for more information today!

Property Details.

Location.

Area Demographics

Scranton City
76,033
Population
$50,893
Median Household Income
50%
Owner Occupied
2.32
Average Household Size
Housing Tenure
50% Owner Occupied50% Renter
ZIP 18510
14,332
Population
$52,457
Median Household Income
40%
Owner Occupied
2.21
Average Household Size
Housing Tenure
40% Owner Occupied60% Renter
Lackawanna County
216,146
Population
$66,704
Median Household Income
65%
Owner Occupied
2.35
Average Household Size
Housing Tenure
65% Owner Occupied35% Renter

Source - U.S. Census Bureau, American Community Survey Five-Year Estimates ('24).

Meet Our Agents.

Jonathan J. Nelson Real Estate