35 Units in Carbondale, PA
Multifamily | 35 Units | $65,714/unit
Marketing description
Fernwood Realty Group LLC has been selected to exclusively market for sale a two-property portfolio located in the heart of Carbondale, Pennsylvania. The portfolio consists of 36–40 North Church Street (built in 1880) and 63 North Main Street (built in 1886), two historic multifamily and mixed-use assets comprising a total of 35 units—29 residential apartments and 6 commercial storefronts.
Both buildings have undergone significant capital improvements, including new roofs (with additional roof work needed for the rear storefront extensions at Main Street), freshly repainted exteriors, and new commercial-grade glass windows and doors for all storefronts. Interior upgrades include new hallway flooring at the Main Street property, and approximately 12 apartments across the portfolio have been renovated with luxury vinyl flooring, modern appliances, and upgraded shower enclosures designed to prevent leaks.
Blending historic charm with modern enhancements, these properties offer centrally located residential and commercial space within Carbondale’s walkable downtown. The locations provide convenient access to major roadways such as U.S. Route 6 and PA-107, and are served by local transit options, including County of Lackawanna Transit System (COLTS) bus routes, with additional regional connectivity via nearby Scranton.
Investment highlights
Two-property portfolio located in the heart of Carbondale, Pennsylvania.
29 residential apartments and 6 commercial storefronts.
Undergone significant capital improvements.
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