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Downtown Scranton Multifamily Home for Sale

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    $250,000

    • 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

Why Live in 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.

Home Trends in Downtown Scranton, PA

Housing Trends

Median Sale Price
$143,000
Median 2 Bedroom Sale Price
$143,000
Median 1 Bedroom Sale Price
$168,000
Average Price Per Sq Ft
$175
Number of Homes for Sale
0
Last 12 months Home Sales
3
Months of Supply
0.00
Median List Price
$159,000
Median Change From 1st List Price
10%
Median Home Sale Price YoY Change
10%
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