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20688060
20688061

1212 Mulberry St, Scranton, PA 18510

SA
PA RM061605A
ERA One Source Realty
JR
PA PA: RS369738
ERA One Source Realty
Listed by ERA One Source Realty
$795,000
571 days on market
Updated 15 days ago
Opportunity zone

Income Producing - Redevelopment Opportunity

Details
Property Type Mixed Use, Multifamily
Sub Type Student Housing
Square Footage 5,569
Cap Rate 10.57%
NOI $84,000
Occupancy 95%
Price per SqFt $143
Year Built 1950
Buildings 1
Stories 3
Acreage 0.065
Zoning 0-19

Student Housing Opportunity

Marketing description

This well-located asset sits within the highly desirable University of Scranton corridor, an area defined by strong demand, walkability, and consistent foot traffic. Positioned near popular neighborhood destinations such as Goodfellas, the property benefits from a lively streetscape that resonates with both students and long-term residents.

For developers, the site presents a compelling opportunity for a modern, student-oriented residential project, ideally suited to the surrounding campus-driven market and nearby amenities. For investors, the property also stands as a proven income-producing asset, currently operated as a professionally managed residential-use facility generating stable cash flow.

Whether repositioned for future redevelopment or held as a cash-flowing investment, this property offers flexibility, location-driven demand, and long-term upside in one of Scranton’s most active and supply-constrained neighborhoods.

Investment highlights

Attention Developers: Prime Opportunity for Student Housing Investment! This exceptional property is strategically located within the highly sought-after Scranton University territory, offering significant potential for a vibrant student housing development. Neighboring popular establishments like Goodfellas, this area enjoys high foot traffic and a lively community atmosphere that appeals to both students and local residents. With its ideal positioning near campus and local amenities, this property is perfectly suited for a modern, student-focused development that could quickly become a go-to living option for Scranton's university community. Don't miss this chance to create a valuable asset in a bustling, high-demand neighborhood.

Listing Contacts

SA
PA RM061605A
ERA One Source Realty
JR
PA PA: RS369738
ERA One Source Realty
Listed by ERA One Source Realty

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$84,000.00
$7,000.00/mo

Valuation Metrics

0
DSCR
10.57%
Cap Rate
10.57%
ROI

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Additional Information

Name
Sunita Arora
License
RM061605A
Name
Jacob Rosenstein
License
PA: RS369738
Brokerage Phone
5709557338
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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