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Quincy Student Housing Portfolio
Scranton, PA Hill Section

$4,850,000 USD

Multifamily For Sale  •  12,000 SF

2 Properties View all

Property Details

• Property Type Multifamily

80 Walk Score

Highlights

Attractive Entry Basis: Offered at $67,361 per unit and $163.85 per SF, providing a favorable cost basis relative to replacement and comparable assets

Strong In-Place Cash Flow with Upside: Current 8.05% cap rate, increasing to a 10.30% pro forma cap rate through rent growth and lease-up

Proven Student Housing Demand: Portfolio benefits from consistent student tenancy supported by Scranton’s higher-education institutions

Value-Add Rent Growth Opportunity: Average rents remain below projected market rents across multiple unit types, creating a clear path for NOI growth

Diversified Unit Mix: Units range from approximately 350 to 500 SF, appealing to a broad student demographic while supporting efficient operations

Compelling Yield Profile: Pro forma cash-on-cash return of 17.02% with a projected total return exceeding 22%, offering strong income

Public Transportation

Airport	Drive	Walk	Distance
Wilkes-Barre/Scranton International	14 min	-	8.7 mi