About This Home

This -bedroom, 30-bathroom single family at 116 Salem Ave in Carbondale, PA is listed for $795,000 ($25 per sqft). the home offers 31,500 sqft of living space on a N/A lot.

Key Features

  • 3 stories

Property Details

3 stories
30 full
49-car garage
Listing Description

FULLY ENTITLED, SHOVEL-READY MULTIFAMILY 116 Salem Avenue, Carbondale, PA | 26 Approved Units | $795,000 Skip the approval process. This former school property in downtown Carbondale is zoning approved for 26 residential units and mixed-use redevelopment, with a special exception for parking and architectural plans in hand.

At roughly $30,600 per approved unit, it offers one of the most efficient entry points into multifamily development in Northeastern Pennsylvania. Property Highlights - 26 approved residential units plus mixed-use potential - Approx. 32,272 SF existing building on a 43,000 SF site - Three contiguous parcels with frontage on Salem Ave, Spring St and

Prince St - 49 on-site parking spaces with approved parking exception - Prominent, high-visibility corner with multiple access points - Architectural plans available The former school layout lends itself naturally to residential conversion, with space for common areas, storage and resident amenities. The location offers access to the Scranton/Wilkes-Barre region, major transportation corridors and growing regional employment. Offered at $795,000 Buyer Broker Commission: 3%

Monthly Cost Estimate

$4,252/mo

20% down · 6.5% · 30 years

Principal$575
Interest$3,445
Insurance$232

Estimates only. Actual payments may vary.

Location

116 Salem Ave

Carbondale, PA 18407

Property Details

Construction

Masonite Brick

Questions & Answers

This null-bedroom, 30-bathroom single family at 116 Salem Ave is listed at $795,000 ($25/sqft). The estimated monthly payment is $4,252 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: 3 stories.

This property is listed by Ofra Beigel.

OB

Ofra Beigel

Agent at OB INTERNATIONAL REAL ESTATE

Listed by OB INTERNATIONAL REAL ESTATE · Broker phone: 646-844-4172 · View on Broker Site

MLS# 12023874· Source: My State MLS· 17 days on PropertySimple

Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

116 Salem Ave, Carbondale, PA 18407

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