8 & 12 W Olive Street
Scranton, PA, 18508 $ 314,900
Bedrooms10 Baths5.0 Sq 5,472 Monthly Estimate*
$ 1,988
for $314,900 with 10 bedrooms and 5 full baths. This 5,472 square foot home was built in 1930 on a lot size of 0.08.
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-users, 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.
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FeaturesGeneralLiving Area 5472
Zoning Commercial
Garage Spaces 0
Year Built 1930
Stories Count 2
Property Subtype Multi Family
Tax Year 2025
County Lackawanna
New Construction N
Property Type Residential Income
Full Baths 5
Status Active
Directions From Downtown Scranton take Mulberry Street to the Route 307/Providence Road exit. Bear right at the bottom of the exit ramp onto Providence Road. Continue one block to W. Olive Street and turn left.
City Scranton
High School District Scranton
Number Of Units Total 2
Tax Annual Amount 5256.38
Standard Status Active
Year Built Source Estimated
Tax Assessed Value 18250
Legal Description 30X120 W-07 B-0040 L-0070 P-00200
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InteriorBasement Unfinished
Basement (Y/N) Y
Above Grade Finished Area 5472
Half Baths 0
Total Bedrooms 10
Below Grade Finished Area 0
Total Baths 5
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ExteriorLot Dimensions 30X120
Lot Size Acres 0.08
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* Excluded FeaturesList ByChristian Saunders Real EstateBroker
savage2225@gmail.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $1,988
- Monthly Property Taxes
- $438
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in Scranton, PA
Average List Price $367,584
Percent of Sale Price 17%
About Scranton, PA 74,523 Population
-2% Since 2002
$ 39,001 Median Income
38.39 Median Age
24% Households with Children
Trends Information provided by ATTOM Data Solutions.
2391763 Elementary School
2391680 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 7/22/2026 | $314,900 | -3.08% | Price Down |
| 7/22/2026 | $324,900 | | Listed Price |