1513-15 Mulberry Street, Scranton, PA 18510
sale
$989,000
|
Other
Courtesy Of EXP REALTY LLC
**10-UNIT INVESTMENT OPPORTUNITY | 10.8 CAP RATE | $106,643 NOI | RECENTLY RENOVATED | PRIME SCRANTON LOCATION**Exceptional opportunity to acquire a 10-unit residential investment property in Scranton's desirable Hill Section, offered at $989,000. Featuring an approximate 10.8 cap rate based on the reported NOI, this property presents an exciting opportunity for investors seeking substantial rental income, recent capital improvements, and a prime location.**A major advantage for investors: ALL UTILITIES ARE COMPLETELY SEPARATED, including gas, water, and electric.**The property offers $118,500 in gross annual rental income at full occupancy and a reported net operating income of $106,643. 8 of the 10 apartments are currently occupied, with two additional units vacant and ready for immediate occupancy, providing an opportunity to lease the remaining units.All 10 apartments have been remodeled within the past 12 months, featuring modern finishes and new appliances. Additional major improvements include new electrical and plumbing throughout the building, offering buyers a substantially updated multifamily property.The location is exceptional! Situated just blocks from the University of Scranton and three major hospitals--Geisinger Community Medical Center, Moses Taylor Hospital, and Regional Hospital of Scranton--the property is ideally positioned near major employment centers and educational institutions. Interstate 81 and downtown Scranton are just minutes away, adding to the property's rental appeal.With 10 residential units, separately metered utilities, extensive recent renovations, and convenient access to Scranton's major institutions, this property deserves a closer look from investors seeking their next multifamily acquisition.**Investor inspection report available upon request.** Don't miss this opportunity to own a substantial multifamily asset in a high-demand location!
Read More About This Property
Read Less About This Property
Copyright © 2026 Greater Scranton Board of Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Property Features
- Age: Over 50 Years Old
- Building Units: 10
- Floors: 4
- MLSID: SC265104
Data powered by Attom Data Solutions. Copyright© 2026. Information deemed reliable but not guaranteed.
You may also be interested in...
sale
$1,200,000
Other
3501 Birney Avenue
Moosic, PA 18507
Building: 2,500 sq. ft.
|
Land: 0.17 Acres
Courtesy Of Realty Network Group
sale
$999,900
Other
817-821 S Main Street
Old Forge, PA 18518
Building: 11,200 sq. ft.
|
Land: 0.65 Acres
Courtesy Of Christian Saunders Real Estate
sale
$950,000
Other
110 N Main Avenue
Scranton, PA 18504
Building: 3,015 sq. ft.
|
Land: 0.2 Acres
Courtesy Of Nasser Real Estate, Inc.
sale
$950,000
Other
1392 N Washington Avenue
Scranton, PA 18509
Building: 3,999 sq. ft.
|
Land: 0.11 Acres
Courtesy Of Scranton Wilkes Barre Regional Realty dba Keller Williams Real Estate