1515 Vine St
$2,500,000
1515 Vine St, Scranton, PA 18510
7.23
Cap Rate
180,705
NOI
Details:
Highlights:
- Days on Market: 138
- Heating: Baseboard - Electric
Description:
11 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 91.6% 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 – 11 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
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