509-513 Beech St, Scranton, PA, 18505 | 2.48% Rental Yield

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509-513 Beech St, Scranton, PA, 18505 | 2.48% Rental Yield | Ziffy

For Sale

Currently Rented

Rental Income

Ziffy Mortgage

NMLS #2625701

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Ziffy AI Summary

A quick, investor-focused snapshot highlighting income strength, yield potential.

Key metrics	Value
Price	$399,900
Est. Rent	$3,200/mo
ROI	18%

Attractive rent-to-price ratio for income stability
Good fit for DSCR financing with healthy coverage

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Investment Highlights

Rental property for sale in Scranton at 509-513 Beech St, Scranton, PA, 18505 generates $1,920/mo in rent, after a $4,552/mo payment. Total monthly income is $1,920/mo. Return on cash invested sits at 3.69% in year one, and rental yield is 2.48% on a $930,000 entry. Equity gained on principal adds $6,001/yr, while 5% annual appreciation builds toward $256,942 over five years. Five-year ROI reaches 16.31% and total cumulative return in cash sums $49,894. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,920/mo property income rather than buyer’s personal income.

Multi Family

Built in N/A

9,500 sqft lot

$N/A/sqft

No HOA

More details about the property

Prime Investment Opportunity - Fully Leased Mixed-Use Buildings Don't miss this exceptional opportunity to own two well-maintained, income-producing mixed-use buildings in a high-visibility location. These fully rented properties at 509 and 513 Beech Street offer immediate cash flow and long-term investment potential. 509 Beech Street features 6 residential apartments and 2 street-level commercial storefronts, currently occupied by a Grocery Store and a Barber Shop. 513 Beech Street includes 4 residential apartments. Three residential units are on month-to-month leases, offering flexibility for rent adjustments or tenant updates. The buildings boast semi-modern kitchens and baths, with finished square footage totaling nearly 8,000 sq ft. Tenants cover their own electric; landlord covers electric for common areas, including laundry and exterior lighting. Water and Sewer combined billing, paid by owner. On-site parking for 10 vehicles, plus ample on-street parking. Unit 11 has 2BR 1BA $800 M-T-M Unit 12 has 1BR 1 BA $800 These properties are ideal for investors looking for reliable cash flow with value-add potential through future renovations or lease restructuring.

Neighborhood Data

Neighborhood data shown for ZIP Code: 18505, Scranton, PA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	10,001 (100%)
Owner Occupied HU	4,642 (46.4%)
Renter Occupied HU	4,096 (41.0%)
Vacant Housing Units	1,263 (12.6%)
Median Home Value	$148,107
Average Home Value	$197,048