Tom Poss
Office: 301.698.3232
Cell: 301.514.3900
1515 Vine St, SCRANTON
$2,500,000
0 Beds
0 Baths
9,080 Sqft
.14 Acres
0 Garages
10 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 83% 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 – 10 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!
Essential Information
MLS® #PALW2000526
Price$2,500,000
Bathrooms0.00
Square Footage9,080
Acres0.14
Year Built2024
TypeCommercial Sale
Sub-TypeFive Or More Units
StatusActive
Community Information
Address1515 Vine St
AreaScranton City (13634)
SubdivisionSCRANTON
CitySCRANTON
CountyLACKAWANNA-PA
StatePA
MunicipalitySCRANTON CITY
Zip Code18510
Interior
HeatingBaseboard - Electric
CoolingWindow Unit(s)
Exterior
FoundationConcrete Perimeter
Exterior
Block, Alum/Steel Siding, Brick and Siding, Vinyl Siding
School Information
DistrictSCRANTON
HighSCRANTON
Additional Information
ZoningRESIDENTIAL
Listing Details
OfficeRamos Realty
Office Contact6108664423
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Listing information last updated on May 20th, 2025 at 8:00am EDT.
