621-623 Madison Ave, Scra...
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Est $ 5,647/mo
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621-623 Madison Ave, Scranton, Pennsylvania, 18510
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13
Bed
7
Bath
4275
Sqft
Overview
Property Type
Home
Property Status
Sale
Year Built
-
Days on RealtySearch
-
Active Status
Active
Last Sold
-
Scranton, PA - 7-Unit Multi-Family 11 CAP Investment Prime Medical District Location Exceptional opportunity to own a fully renovated 7-unit multi-family property located just one block from Moses Taylor Hospital and two blocks from the Geisinger Commonwealth School of Medicine. This property sits in a prime location f...
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Neighborhood
621-623 Madison Ave is located in neighborhood in the city of Scranton,PA
Property History
Date
2025-10-15
Event
Listed
Price
$998000
Price/Sq Ft
4275
Source
LuzerneCounty
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Est
get pre-qualify
621-623 Madison Ave, Scranton, Pennsylvania, 18510
Get Free FICO® Credit Score
View On Map
13
Bed
7
Bath
4275
Sqft
Overview
Property Type
Home
Property Status
Sale
Year Built
-
Days on RealtySearch
-
Active Status
Active
Last Sold
-
Scranton, PA - 7-Unit Multi-Family 11 CAP Investment Prime Medical District Location Exceptional opportunity to own a fully renovated 7-unit multi-family property located just one block from Moses Taylor Hospital and two blocks from the Geisinger Commonwealth School of Medicine. This property sits in a prime location f...
More Details
Neighborhood
is located in neighborhood in the city of ,
Property History
Date
2025-10-15
Event
Listed
Price
$998000
Price/Sq Ft
Source
View More Details
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Home Details
Description
Scranton, PA - 7-Unit Multi-Family 11 CAP Investment Prime Medical District Location Exceptional opportunity to own a fully renovated 7-unit multi-family property located just one block from Moses Taylor Hospital and two blocks from the Geisinger Commonwealth School of Medicine. This property sits in a prime location for medical students, hospital employees, and professionals, offering a rare blend of convenience and steady rental demand. The building features updated apartments throughout, with separate utilities for each unit keeping owner expenses low. A new roof is currently being installed, and construction has just been completed, positioning this property for immediate lease-up and strong future income. Rents are projected based on market value and the property's desirable location. Nestled along Madison Avenue, this pretty, quiet building offers tenants a peaceful setting while being within walking distance to shops, restaurants, events, and public transportation. Easy access to major highways and the airport adds to its appeal for commuters and traveling professionals. Property Highlights: 7 total units - all updated and move-in ready 11% projected CAP rate One new tenant secured; others ready for lease-up All separate utilities New roof in progress One block to Moses Taylor Hospital, two blocks to medical school Walkable to shopping, dining, and entertainment Close to I-81, I-380, and Wilkes-Barre/Scranton International Airport A prime addition to any investment portfolio - turnkey updates, high projected returns, and unbeatable location near Scranton's medical and education hub. Perfect location for med student housing or hospital staff. Strong income potential in a peaceful, central setting. This property is part of a 3 building portfolio that can possibly come with portfolio pricing for the savvy investor. MLS #25-5205 and #25-5206
Presented by:
Candice Nulton-farrell
Brokered by:
eXp Scranton/Wilkes-Barre
Broker Location
,
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$ 5,647 / Month
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Property History
Date
2025-10-15
Event
Listed
Price
$998000
Price/Sq Ft
4275
Source
LuzerneCounty
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