$5,500,000
Scranton, PA 18510
MLS# PW-262035
17000 sqft
1 / 66
Property 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 1201-1203 Mulberry Street, a four-unit commercial building with six student housing units, 418-420 N. Webster Avenue, 1205-1207 Mulberry Street, 406 N. Webster Avenue, 410-412 N. Webster Avenue, and 414-416 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. Website: https://scrantonstudenthousing.com/
Details
Contract Information
Listing Service: Full Service
Environmental Survey YN: No
Current Price: $5,500,000
List Price: $5,500,000
Status: Active
Listing Contract Date: 2026-06-23
Property Sub Type: Mixed Use
Location, Tax, and Legal
Municipality: Lackawanna - Lackawanna County
County Tax Amount: 25257
Municipal Tax Amount: 22260
School Tax Amount: 41595
Tax Annual Amount: 89112
Tax Year: 2025
Parcel Number: 15737020015
General Property Information
Number Of Buildings: 5
Number Of Units Total: 18
Building Area Total: 17000
Lot Size Acres: 0.07
Waterfront YN: No
Water Body Name: None
Stories: 3
List Price/SqFt: 323.53
Year Built: 2001
Remarks and Miscellaneous
Public Remarks: 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 1201-1203 Mulberry Street, a four-unit commercial building with six student housing units, 418-420 N. Webster Avenue, 1205-1207 Mulberry Street, 406 N. Webster Avenue, 410-412 N. Webster Avenue, and 414-416 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. Website: https://scrantonstudenthousing.com/
Current Use
Commercial: 1
Multi-Family: 1
Electric
Circuit Breakers: 1
Heating
Natural Gas: 1
Oil: 1
Levels
Three Or More: 1
Listing Terms
Cash: 1
Conventional: 1
Lot Features
City Lot: 1
Corner Lot: 1
Oil, Gas and Mineral Rights
Property Subject To Lease: No
Parking Features
Parking Lot: 1
Paved: 1
Possession
Close Of Escrow: 1
Road Frontage Type
City Street: 1
Road Surface Type
Paved: 1
Roof
Asphalt: 1
Rubber: 1
Sewer
Public Sewer: 1
Structure Type
Mixed Use: 1
Multi Family: 1
Water Source
Public: 1
Building Features
Delivery Door: 1
Established Business: 1
Prime Location: 1
Public Restrooms: 1
Business Type
Food & Beverage: 1
Residential: 1
Restaurant: 1
Possible Use
Commercial: 1
Mixed Use: 1
Multi-Family: 1
Location Tax and Legal
Street Number: 1201-1207
Street Name: Mulberry
Street Suffix: Street
County: Lackawanna
City (Post Office): Scranton
State: PA
Postal Code: 18510
Subdivision Name: None
Status Change Information
Major Change Timestamp: 2026-06-23T20:05:07Z
Major Change Type: New Listing
Property Features
Building Features: Delivery Door; Established Business; Prime Location; Public Restrooms
Business Type: Food & Beverage; Residential; Restaurant
Current Use: Commercial; Multi-Family
Electric: Circuit Breakers
Heating: Natural Gas; Oil
Levels: Three Or More
Listing Terms: Cash
Lot Features: City Lot; Corner Lot
Parking Features: Parking Lot; Paved
Possession: Close Of Escrow
Possible Use: Commercial; Mixed Use; Multi-Family
Road Frontage Type: City Street
Road Surface Type: Paved
Roof: Asphalt; Rubber
Sewer: Public Sewer
Structure Type: Mixed Use; Multi Family
Water Source: Public
Listing Office: Iron Valley RE Innovate - Lords Valley
Last Updated: June - 23 - 2026
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