640 Jefferson Avenue, Scranton, PA 18510 (MLS# 25-3842)

640 Jefferson Avenue, Scranton, PA 18510

$1,529,977

Property Type: Commercial Sale Baths: 17 Square Footage: 8,000 Status: Pending

Current Price: $1,529,977 List Date: 8/03/2025 Last Modified: 12/29/2025

Overview

Description

Fully Occupied & Cash Flowing 17-unit multifamily in Scranton, PA, just minutes from Geisinger Medical School and Commonwealth Hospital. Ideal for students and professionals, with nearby major employers including the University of Scranton, Sanofi, PennDOT, Amazon, and MetLife. Turn-key investment in a strong rental market and upside opportunity. Don't miss out!

Listing Details MLS# 25-3842

Location, Tax & Legal

House # (1): 640
Street Name: Jefferson
Street Suffix: Avenue
City (Post Office): Scranton
State/Province: PA
Zip Code: 18510
MLS Area: Misc Out of County
County: Luzerne
Municipality: Scranton City
Develop/Subdivision: None
School District: Other - See Remarks
Zoning: Multi-Family
PIN#: 14677020006
DB/Record Book: 2023.16752
Page: 202316752
Appeal Pending: No
Total County Assmnt: 36000
Est County Tax: 3239.28
Est Total Tax: 13325.9

Listing Information

For Sale: Y

Property Information

Property Sub Type: Mixed Use
Realtor.COM Type: Commercial
Aprx Total SF: 8000
Year Built Age: 31 - 40 Yrs
Total Bathrooms: 17
Environmental Survey: N
SqFt Office: 0
SqFt Warehouse: 0
Garage Stalls: No
# Spaces Off-Street: 0
# of Docks: 0

Remarks Directions

Directions: Head northwest on Mulberry St toward Quincy Ave. Turn right onto Jefferson Ave. Destination will be on the right.

Status Change Information

Under Contract Date: 2025-12-12

Remarks & Directions

Hot Sheet Comment: new

More Information

Income & Expenses

Annual Gross Inc: 211320
Annual Tot Expenses: 31135
Ann Net B/4 Debt: 176286

Heat Fuel Type

Gas: Yes

Heat Type

Hot Water Radiator: Yes

Condition

Good: Yes

AC Type

None: Yes

Water

Public: Yes

Exterior

Vinyl: Yes

Sewer

Public: Yes

Roof

Other - See Remarks: Yes

Property Features

Prime Location: Yes
Turnkey Operation: Yes

Present Use

Apartments: Yes

Ceiling Height

9'1' to 10': Yes

Included in Sale

Building: Yes

Property Features

Heat Fuel Type: Gas Heat Type: Hot Water Radiator AC Type: None Water: Public Sewer: Public Exterior: Vinyl Condition: Good Roof: Other - See Remarks Property Features: Prime Location; Turnkey Operation Present Use: Apartments Ceiling Height: 9'1' to 10' Included in Sale: Building

Listing Office: Steel City Realty

Listing Agent: Jennifer de Jesus

Last Updated: December - 29 - 2025

Information deemed reliable but not guaranteed.

One home for you!

MLS Listing