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932 Prospect Ave 5 Unit Apartment Building $525,000 ($105,000/Unit) 7.99% Cap Rate Scranton, PA 18505
Executive Summary
Stabilized 5-unit income property in Scranton's residential rental market. The building spans approximately 3,500 SF on a 0.17-acre lot, constructed in 1940 with stucco exterior, full basement, and a 4-stall detached garage offering additional income or parking value. Unit Mix: (3) 1-bed units | (2) 2-bed units. Unit 5 is vacant. They rest are leased.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $525,000 | Building Class | C |
| Price Per Unit | $105,000 | Lot Size | 0.17 AC |
| Sale Type | Investment | Building Size | 4,094 SF |
| Cap Rate | 7.99% | Average Occupancy | 80% |
| No. Units | 5 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1900 |
| Property Subtype | Apartment | Parking Ratio | 0.97/1,000 SF |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Price | $525,000 |
| Price Per Unit | $105,000 |
| Sale Type | Investment |
| Cap Rate | 7.99% |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 4,094 SF |
| Average Occupancy | 80% |
| No. Stories | 2 |
| Year Built | 1900 |
| Parking Ratio | 0.97/1,000 SF |
| Opportunity Zone |
Yes |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Smoke Free
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 2 | - | 818 - 819 |
| 1+1 | 3 | - | - |
1 1
Moderately walkable
70/100
Moderately drivable
60/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 15619060048 | Improvements Assessment | $189,200 (2026) |
| Land Assessment | $82,550 (2026) | Total Assessment | $271,750 (2026) |
Property Taxes
Parcel Number
15619060048
Land Assessment
$82,550 (2026)
Improvements Assessment
$189,200 (2026)
Total Assessment
$271,750 (2026)
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932 Prospect Ave
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