200 N Washington Ave, Scranton, PA 18503

47-Unit Multi-Family Portfolio | Scranton & Wilkes-Barre, PA

Offered for sale is a 47-unit, income-producing multifamily portfolio located across the Scranton and Wilkes-Barre MSA in Lackawanna and Luzerne Counties. The portfolio consists of well-located, infill apartment assets with stable in-place cash flow and strong regional rental demand supported by healthcare, education, logistics, and government employment. Current scheduled rents total approximately $629,988 annually, producing an in-place NOI of ~$503,201, which equates to a compelling 9.38% cap rate at the $5,366,000 asking price. Average rents remain below prevailing market levels, providing clear upside through rent growth, operational efficiencies, and light interior capital improvements. The portfolio offers investors immediate yield with long-term appreciation potential at a basis well below replacement cost in a supply-constrained secondary market.