1201-1207 Mulberry Street, Scranton, PA 18510
Lackawanna County
Key Facts
Description
Rare opportunity to acquire a well-maintained portfolio of five buildings comprising 18 units (14 residential student housing units and 4 commercial units) in Scranton's desirable Hill Section, just steps from the University of Scranton. This established investment features a variety of unit sizes ranging from 2 to 5 bedrooms, many with multiple baths, providing strong rental demand and diversified income streams. The portfolio includes 1201 Mulberry Street, a four-unit commercial building with six student housing units, 418 N. Webster Avenue, 1205 Mulberry Street, 406 N. Webster Avenue, 410 N. Webster Avenue, and 414 N. Webster Avenue, along with a dedicated parking lot. Exceptionally maintained and strategically located in one of Scranton's strongest rental markets, this turnkey offering presents an outstanding opportunity for investors seeking stable income and long-term growth in a prime location near the University of Scranton.
Property Information
Property Type
Commercial Sale
Sub-Type
Mixed Use
Structure Type
Mixed Use / Multi Family
Year Built
2001
Living Area
17,000 sq ft
Lot Size
0.07 acres
Lot Dimensions
42 x 61 x 50 x 64
Zoning
C2
Days on Market
1
MLS® Listing#
SC262984
Property Features
Heating
Parking
Lot Features
Roof
Sewer
Water Source
Financial Details
Annual Taxes
$89,112
Tax year 2025
Assessed Value
$208,500
Parcel Number
15737020015
Directions
I-84 to Scranton. Take exit I84 from I-81 S 26 min (28.6 mi). Continue on PA-307 N/Moosic St. Take Harrison Avenue to Mulberry St.
Affordability Calculator
$1,100,000
Estimated monthly payment
$29,273/mo
Principal $4,400,000 · Est. interest $6,138,392 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Scranton, PA
- $264,894
- Median Listing Price
- 60
- Median Days on Market
- 1,956
- Median Sq Ft
- $128
- Median Price / Sq Ft
- 167
- Active Listings
- This home’s price is 1976% above the area median.
- Its price per sq ft is 152% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Scranton, PA.
Location
Points of Interest in Scranton, PA
Showing the Scranton area map.
Nearby Schools
Scranton Hebrew Day School
School · 0.3 mi away
Central City
School · 0.4 mi away
Marian Catholic School
School · 0.4 mi away
John G. Elementary School
Elementary · 0.5 mi away
William Prescott Elementary School
Elementary · 0.6 mi away
Northeast Scranton Intermediate School
Secondary · 0.6 mi away
Scranton School District
Elementary · 0.6 mi away
Bishop Hannan High School
Secondary · 0.6 mi away
Milton Eisner Yeshiva High School
Secondary · 0.8 mi away
Scranton Preparatory School
School · 0.9 mi away
South Scranton Intermediate School
Secondary · 1.1 mi away
St Stanislaus Elementary School
Elementary · 1.1 mi away
McNichols Plaza Elementary School
Elementary · 1.2 mi away
Scranton High School
Secondary · 1.2 mi away
Bancroft Elementary School
Elementary · 1.4 mi away
Neiu 19
School · 1.4 mi away
Wellkind School for Early Learners
Elementary · 1.4 mi away
Freckles & Frills
School · 1.4 mi away
St Paul's School
School · 1.4 mi away
St. Mary of Mt. Carmel School
School · 1.5 mi away
Commute Calculator
Nearby Homes
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EXIT Agents in Scranton
Listing Courtesy: PIKE/WAYNE ASSOCIATION - 5702262300
Presented by: Bridget Gelderman