$2,500,000

1515 Vine St Scranton, PA 18510

Hill Section Neighborhood

Estimated payment $14,313/month

Total Views 26,725
-- Bed
-- Bath
9,080 Sq Ft
$275 Price per Sq Ft

About This Home

11 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 91.6% 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 – 11 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!

Listing Agent

Quinn Fenwick

Ramos Realty Listed on: 02/13/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,073

Year Built

  • Built in 2024

Lot Details

  • 6,252 Sq Ft Lot

Home Design

  • Contemporary Architecture
  • Brick Exterior Construction
  • Aluminum Siding
  • Vinyl Siding
  • Asphalt

Parking

  • On-Street Parking
  • Off-Street Parking

Schools

  • Frances Willard Elementary School
  • South Scranton Middle School
  • Scranton High School

Utilities

  • Electric Baseboard Heater
  • Electric Water Heater
  • Public Septic

Listing and Financial Details

  • Assessor Parcel Number 15710020017

Community Details

Overview

  • 4 Units
  • Scranton Subdivision

Building Details

  • Income includes apartment rentals
  • Gross Income $201,600
  • Net Operating Income $180,705

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,073

Year Built

Built in 2024

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Architectural Style: Contemporary
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 2024
  • Year Renovated: 2024
  • Remarks Public: 11 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 91.6% 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 – 11 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!
  • Special Features: 4098
  • Property Sub Type: MultiFamily

Interior Features

  • Total Sq Ft: 10584
  • Living Area Sq Ft: 9080
  • Price Per Sq Ft: 275.33
  • Above Grade Finished Sq Ft: 9080
  • Below Grade Sq Ft: 1504
  • Total Below Grade Sq Ft: 1504
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 1515

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Block, Aluminum Siding, Asphalt, Brick, Vinyl Siding
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: Off Street, On Street

Utilities

  • Central Air Conditioning: No
  • Heating Fuel: Electric
  • Heating Type: Baseboard - Electric
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Septic
  • Water Source: Public

Schools

  • School District: SCRANTON
  • Elementary School: FRANCES WILLARD
  • Middle School: SOUTH SCRANTON
  • High School: SCRANTON
  • Elementary School Source: Listing Agent
  • High School Source: Listing Agent
  • Middle School Source: Listing Agent
  • School District Key: 300200396568
  • School District Source: Listing Agent
  • Elementary School: FRANCES WILLARD
  • High School: SCRANTON
  • Middle Or Junior School: SOUTH SCRANTON

Lot Info

  • Lot Size Acres: 0.14
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 6252.09
  • Year Assessed: 2024
  • Zoning: RESIDENTIAL

Rental Info

  • Existing Lease Type: Yearly
  • Owner Pays: Common Area Maintenance, Management, Repairs, Taxes - Real Estate, Trash Collection
  • Total Actual Rent: 201600.00
  • Units Leased Count: 11
  • Vacation Rental: No

Tax Info

  • School Tax: 3400.53
  • Tax Annual Amount: 6073.29
  • Assessor Parcel Number: 15710020017
  • County Tax Payment Frequency: Annually
  • Tax Year: 2024

Multi Family

  • Gross Scheduled Income: 201600.00
  • Income Includes: Apartment Rentals
  • Single Room Units Count: 1
  • Vacancy Allowance Rate: 5.00

MLS Schools

  • School District Name: SCRANTON

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/13/2025 02/13/25 For Sale $2,500,000 0.0% $275 / Sq Ft
02/01/2025 02/01/25 Rented $1,800 0.0% --
01/21/2025 01/21/25 For Rent $1,800 -- --
Source: Bright MLS

Source: Bright MLS

MLS Number: PALW2000524

Bright MLS

Pennsylvania Lackawanna County Scranton 18510 Hill Section

1515 Vine St, Scranton, PA

This home is located at 1515 Vine St, Scranton, PA 18510 and is currently priced at $2,500,000, approximately $275 per square foot. This property was built in 2024. 1515 Vine St is a home located in Lackawanna County with nearby schools including William Prescott School, Northeast Scranton Intermediate School, and Scranton High School.

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Nearby Homes
Quinn Fenwick
Listing Agent
Quinn Fenwick
Section Image
Ramos Realty
(272) 359-7926