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1515 Vine Street

Scranton, PA 18510

– beds
– baths
9,080 sqft
6,252 sqft lot
$275 per sqft
2024 build

8 UNITS LEASED- Prime Turnkey Investment Opportunity – 12-Unit Multifamily in Scranton, PA A newly renovated 12-unit multifamily property designed for investors seeking a premium, low-maintenance asset. Strategically located in a desirable rental market, this property is already 70% occupied with strong leasing potential. Each unit has been fully modernized, featuring brand-new appliances, granite countertops, and updated flooring, ensuring long-term tenant appeal. The building also includes on-site laundry facilities, individual mailboxes, and a secure entry system to enhance convenience and security. With a 6.78% cap rate, this property offers: Turnkey Condition – No immediate capital expenditures required Strong Rental Demand – Positioned for full occupancy with competitive market rents High-End Finishes – Granite countertops and modern appliances for durability and style Tenant Amenities – Washer & dryer in the building, secure mailboxes, and updated common areas Strategic Location – Close to major employers, universities, hospitals, and transit This is an excellent opportunity to acquire a fully upgraded, income-generating asset with room for upside as occupancy increases. Contact us today for financials and to schedule a private tour!

Listing courtesy of BRIGHT / Ramos Realty

Last checked: Checking… • Last updated Mar 18, 2025 •

MLS# PALW2000524 —

The Building

Year Built:

2024
Year Built Source:

Estimated
Year Major Reno/Remodel:

2024
New Construction:

No
Construction Materials:

Block, Aluminum Siding, Asphalt, Brick, Vinyl Siding
Building Units Total:

4
Structure Type:

Other
Architectural Style:

Contemporary
Accessibility Features:

None
Total SqFt Source:

Estimated
Total Below Grade SqFt:

1504
Total Below Grade SqFt Source:

Estimated

Interior

Living Area SqFt Source:

Estimated

Room Dimensions

Total SqFt:

10584
Living Area SqFt:

9,080 Sqft

Financial & Terms

Sale Type:

Standard
Acceptable Financing:

Cash, Conventional
Possession:

Immediate, Negotiable

Location

Directions:

Take Meadow Ave, Moosic St and Harrison Ave to Vine St. Turn left onto River St Turn right onto Meadow Ave Turn left onto Moosic St Turn right onto Harrison Ave Turn left onto Vine St Destination will be on the right
Latitude:

41.40422000
Longitude:

-75.64783000

The Property

Property Type:

Multi-Family
Property Subtype:

Other
Lot Size Units:

Square Feet
Lot Size Acres:

0.14
Lot Size Source:

Estimated
Lot SqFt:

6,252 Sqft
Zoning:

RESIDENTIAL
Other Structures:

Above Grade
Waterview:

No
Waterfront:

No
Water Oriented:

No
Water Access:

No
Navigable Water:

No
Tidal Water:

No
Riparian Rights:

No

Listing Agent

Contact info:

Taxes

Tax ID Number:

15710020017
Tax Year:

2024
Tax Annual Amount:

$6,073.29
Tax Assessed Value:

$23,000
Year Assessed:

2024
School Tax:

3400.53
County Tax:

1462.80
City/Town Tax:

1209.96
Total Taxes Payment Frequency:

Annually

The Listing

Virtual Tour

Heating & Cooling

Cooling Type:

None
Central Air:

No
Cooling Fuel:

None
Heating:

Yes
Heating Type:

Baseboard - Electric
Heating Fuel:

Electric

Utilities

Sewer/Septic:

Public Septic
Hot Water:

Electric
Water Source:

Public

Schools

Elementary School:

Frances Willard
Middle School:

South Scranton
High School:

SCRANTON
School District Name:

Scranton
School District Source:

Listing Agent

The Community

Subdivision Name:

Scranton
Pool:

No Pool
Cap Rate:

6.78

Parking

Garage:

No
Type of Parking:

Off Street, On Street

Extra Units

Vacation Rental:

No
Single Room Units:

1
One Bedroom Units:

9
Three Bedroom Units:

2

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
2/13/25 Feb 13, 2025	Listed / Active	BRIGHT	$2,500,000

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This multifamily located in Hill Section, Scranton, PA 18510 is currently for sale for $2,500,000. 1515 Vine Street is a 9,080 square foot multifamily with – beds and – baths. 1515 Vine Street is in the Hill Section neighborhood of Scranton and has a WalkScore® of 74, making it very walkable. This multifamily is in the attendance area of Prescott Elementary School, Northeast Intermediate School, and Scranton High School.

Listing Courtesy of: BRIGHT and Ramos Realty.

The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser. BRIGHT MLS and Estately assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller.