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640 Jefferson Ave 17 Unit Apartment Building $1,529,977 ($89,999/Unit) 11.52% Cap Rate Scranton, PA 18510
Investment Highlights
- Laundry on Site
- Turn Key with Upside Potential
- Newly Renovated Units
Executive Summary
Located in the heart of Scranton, PA, this fully renovated 17-unit multifamily property offers a rare opportunity to own high-quality housing in one of the city’s most desirable and high-demand neighborhoods. Just minutes from Geisinger School of Medicine and Commonwealth Health Regional Hospital, this property is ideally suited for medical students, residents, healthcare professionals, and business travelers alike.
Recent renovations have modernized both the interiors and systems, ensuring low-maintenance ownership and a premium living experience for tenants. With close proximity to major employers such as TMG Health, University of Scranton, Sanofi, MetLife, Cigna, Amazon, Johnson College, & McLane Company, this location is a hub of career and academic activity.
Perfectly positioned for long-term appreciation and strong rental income, this property is a turn-key asset in a growing market.
Recent renovations have modernized both the interiors and systems, ensuring low-maintenance ownership and a premium living experience for tenants. With close proximity to major employers such as TMG Health, University of Scranton, Sanofi, MetLife, Cigna, Amazon, Johnson College, & McLane Company, this location is a hub of career and academic activity.
Perfectly positioned for long-term appreciation and strong rental income, this property is a turn-key asset in a growing market.
Data Room Click Here to Access
- Offering Memorandum
- Market Information
- Operating and Financials
Financial Summary (Pro Forma - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts Under Contract
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
Site Amenities
- Laundry Facilities
- Maintenance on site
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 6 | $850.00 | 350 |
| 1+1 | 10 | $995.00 | 500 |
| 2+1 | 1 | $1,195 | 800 |
1 1
Very walkable
80/100
Moderately drivable
60/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 14677020006 | Total Assessment | $689,610 (2026) |
| Land Assessment | $139,600 (2026) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $550,010 (2026) | Tax Year | 2025 Payable 2025 |
Property Taxes
Parcel Number
14677020006
Land Assessment
$139,600 (2026)
Improvements Assessment
$550,010 (2026)
Total Assessment
$689,610 (2026)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025 Payable 2025
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Photos
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Street
Map
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Contact the Sale Advisor
640 Jefferson Ave