About This Home

This 10-bedroom, 5-bathroom residential multi family at 8 & 12 W Olive Street in Scranton, PA is listed for $324,900 ($59 per sqft). Built in 1930, the home offers 5,472 sqft of living space on a 0.08 acres lot.

Key Features

  • Built in 1930
  • 0.08 acre lot
  • 2 stories

Property Details

2 stories
5 full
1930
Listing Description

Two separate buildings situated on two separately deeded parcels create a rare commercial opportunity in the heart of Scranton. Located along a primary corridor leading into Downtown Scranton, this unique offering encompasses approximately 5,472 square feet of commercial space and provides exceptional flexibility for investors, developers, owner-us

ers, or organizations seeking a value-add asset with significant redevelopment potential.Positioned just across the Lackawanna River from the Heritage Trail Pavilion and Scranton High School, the property is also only a few blocks from Geisinger Commonwealth School of Medicine, the University of Scranton, and several major healthcare facilities.

This strategic location offers outstanding visibility, accessibility, and proximity to some of the city's largest employment and educational hubs.Previously utilized as a community and office facility, the property may be well suited for professional office space, nonprofit organizations, educational or community service uses, mixed-use development

, residential conversion, or other redevelopment opportunities, subject to applicable approvals.The two-building, two-parcel configuration provides flexibility rarely found in today's market. Occupy one building while leasing the other, redevelop both, or hold the property as a long-term investment with multiple future exit strategies.Conveniently

located just minutes from Downtown Scranton, Interstate 81, major hospitals, universities, and regional employers, this property is well-positioned for a wide variety of commercial and investment uses.Whether you're searching for a headquarters location, redevelopment project, adaptive reuse opportunity, or a long-term investment, 8 & 12 W.

Olive Street offers exceptional upside in one of Scranton's most strategic commercial corridors.Includes Tax Parcels 14516020003 and 14516020004. Seller financing may be available to qualified buyers. Property is located within an AE Flood Zone.

Monthly Cost Estimate

$1,738/mo

20% down · 6.5% · 30 years

Principal$235
Interest$1,408
Insurance$95

Estimates only. Actual payments may vary.

Location

8 & 12 W Olive Street

Scranton, PA 18508

Questions & Answers

This 10-bedroom, 5-bathroom residential multi family at 8 & 12 W Olive Street is listed at $324,900 ($59/sqft). The estimated monthly payment is $1,738 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1930, 0.08 acre lot, 2 stories.

This property is listed by Kyle Savage and can be reached at 5703350730.

KS

Kyle Savage

Agent at Christian Saunders Real Estate

(570) 335-0730

Listed by Christian Saunders Real Estate · View on Broker Site

MLS# SC263586· Source: listhub· 1 day on market

Copyright © 2026 Greater Scranton Board of Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

8 & 12 W Olive Street, Scranton, PA 18508

Open this listing in: