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Quincy Student Housing Portfolio
Scranton, PA Hill Section

$4,700,000 USD

Multifamily For Sale  •  29,600 SF

6 Properties View all

Property Details

• Property Type Multifamily

80 Walk Score

Highlights

Attractive Entry Basis: Offered at $65,278 per bed and $158.78 per rentable square foot, providing a favorable cost basis

Strong In-Place Cash Flow with Upside: Current 8.24% cap rate, increasing to a 10.56% 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 18.05% offering strong income and appreciation potential

Public Transportation

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