19 Unit in Scranton

316-320 Taylor Ave,
Scranton, PA 18510

 

$2,400,000
Price
8.23
GRM
$126,316
Price Per Unit
19
Number of Units
6.75%
Cap Rate
23,976
Building SF
$2,400,000
Price
8.23
GRM
$126,316
Price Per Unit
19
Number of Units
6.75%
Cap Rate
23,976
Building SF

Cash-Flowing, Turn-Key 19-Unit / 54-Bedroom Multifamily Asset in Prime Scranton, PA – Full Managemen

  • Immerse yourself in a true hybrid investment: student housing, traveling nurses, Airbnb, or traditional multifamily—all in one package. With top-tier property management already in place, this stabilized asset delivers instant income and endless upside. Key Selling Points & Investment Highlights Fully stabilized, 90%+ occupancy delivering strong cash flow from Day 1 $600K+ capital improvements completed – fully absorbed into value and rents Brand-new $60K boiler installed in 2025 – boosting efficiency and reliability Recent cosmetic upgrades throughout hallways, corridors & new balconies Fully code-compliant: upgraded fire and safety systems, no deferred maintenance Elite full-service property management on-site—no hand-holding required Located across from University of Scranton, plus Lackawanna College & Marywood—ideal student market Walking distance to downtown Scranton — shops, schools, transit, dining Hybrid use possibilities: student housing, healthcare professional

Market Catalysts & Growth Drivers

  • Amtrak Scranton–NYC Service (Coming Soon!) A recent Amtrak/PNRRA study plans three daily round trips between Scranton and NYC in ~2h50m travel time . Forecasted ~470,000 annual riders and significant economic stimulus to NEPA . Federal funding secured; construction is progressing along the Lackawanna Cutoff . University of Scranton: A Top-Tier Institution U.S. News ranks Scranton among top 5 regional universities in the North, a consistent top-10 performer for 30+ years . Graduate programs in accounting (#39), finance (#31), business analytics (#28)—all in the top 40 nationally . Recognized for nursing excellence: ranked among top online and traditional programs . National accolades: Fortune ranked its Master’s in Accounting #9; online business programs top-tier .
FOR MORE DETAILS CONTACT
Jennifer de Jesus
Broker/Owner
(610) 217-6330
jen@dejesusteam.com
RM423820