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Downtown Scranton Home for Sale

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    $279,900

    • 1.5 Baths
    • 4,044 Sq Ft

    116 Franklin Ave, Scranton, PA 18503

    Prime Downtown Scranton Investment Opportunity!Seize this rare opportunity to invest in the heart of Scranton's rapidly growing real estate market! This 4,000+ Sq Ft mixed-use building, ideally located just off Lackawanna Avenue, is surrounded by thriving businesses, popular restaurants, and ongoing revitalization efforts. With Scranton's increasing demand for commercial and residential spaces,

    Kyle Savage Christian Saunders Real Estate

    116 Franklin Ave, Scranton, PA 18503

About Downtown Scranton

Downtown Scranton, nestled along the Susquehanna River, is a neighborhood rich in industrial history and cultural vibrancy. Known as The Electric City, it features attractions like The Electric City Trolley Museum and Steamtown National Historic Site, which celebrate its railroad heritage. The Pennsylvania Paper & Supply Company’s tower, made famous by The Office, adds a touch of pop culture. The Scranton Cultural Center at the Masonic Temple showcases Neo-Gothic architecture and hosts various performances. The Marketplace at Steamtown offers diverse shopping and dining options, including local favorites like Bar Pazzo and Sambucca Grille, and houses the Electric City Aquarium and Reptile Den. Annual events such as Railfest, Bonfire Fall Festival, and La Festa Italiana draw significant crowds, celebrating the area’s heritage and culture. Housing primarily consists of renovated historical condominium and apartment buildings, with newer luxury condos available. Scranton Preparatory School provides a highly rated private high school option. Nay Aug Park, located about 1.5 miles east, offers recreational opportunities with its waterfalls, trails, and the Everhart Museum. Downtown Scranton is highly walkable and bikeable, with convenient public transit and easy access to major highways, making it about a 2-hour drive to Philadelphia and New York City. The Wilkes-Barre Scranton International Airport is 8.6 miles away.

Frequently Asked Questions

Is Downtown Scranton a good place to live?
Downtown Scranton is a good place to live. Downtown Scranton is considered fairly walkable and very bikeable. Downtown Scranton has 6 parks for recreational activities. It is somewhat dense in population with 8.4 people per acre and a median age of 44. The average household income is $34,830 which is below the national average. College graduates make up 34.5% of residents. A majority of residents in Downtown Scranton are renters, with 96.6% of residents renting and 3.4% of residents owning their home. A local real estate agent serving Downtown Scranton can help you decide if this neighborhood is the right one for you. Learn more on our Downtown Scranton neighborhood guide.
Is Downtown Scranton, PA a safe neighborhood?
Downtown Scranton, PA is less safe than the average neighborhood in the United States. It received a crime score of 10 out of 10.
How much do you need to make to afford a house in Downtown Scranton?
The median home price in Downtown Scranton is $149,000. If you put a 20% down payment of $29,800 and had a 30-year fixed mortgage with an interest rate of 6.76%, your estimated principal and interest payment would be $770 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $33K a year to afford the median home price in Downtown Scranton. The average household income in Downtown Scranton is $35K.
What are the best public schools in Downtown Scranton?
The best public schools that serve Downtown Scranton are:
What are the best private schools in Downtown Scranton?
The best private schools that serve Downtown Scranton are:
What are the most popular zip codes in Downtown Scranton, Scranton, PA?
The most popular zip codes in Downtown Scranton, Scranton, PA include 18466, 18347, 18424, 18436 and 18411.
What are the most popular neighborhoods near Downtown Scranton, Scranton, PA?
The most popular neighborhoods near Downtown Scranton, Scranton, PA are South Side, Pine Brook, Hill Section, Hyde Park and The Plot.

Home Trends in Downtown Scranton, PA

Home Trends

Median Price (12 Mo)
$136,500
Median 2 Bedroom Price
$136,500
Median 1 Bedroom Price
$168,000
Average Price Per Sq Ft
$165
Last 12 months Home Sales
4
Median List Price
$149,000
Median Discount From 1st List Price
8%
Median Home Sale Price YoY Change
0%
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