115-117 Penn Avenue, Scranton, PA 18503

Scranton
Local realty services provided by:ERA One Source Realty
115-117 Penn Avenue,Scranton, PA 18503
$3,499,995
  • 18 Beds
  • 14 Baths
  • 12,500 sq. ft.
  • Multi-family
  • Active
Listed by: pat rogan, david j. mitchell
Office: the hub real estate group scranton
MLS#:SC262949
Source:PA_GSBR

Price summary

  • Price:$3,499,995
  • Price per sq. ft.:$280

About this home

Exceptional investment opportunity located in downtown Scranton, featuring a fully renovated 14-unit mixed-use property generating approximately 290,000 in annual gross rental income.This turnkey asset consists of 5 two-bedroom apartments, 6 one-bedroom apartments, 1 studio apartment, and 2 commercial storefronts. The building has undergone a complete stud-to-gut renovation and showcases high-end finishes throughout, including exposed brick, modern fixtures, and quality craftsmanship that sets it apart from typical multifamily inventory.All units are separately metered with tenants paying all utilities, creating a strong, low-expense operating model. The property also offers ample on-site parking, strong tenant demand driven by its central downtown location, and meaningful upside through future rent growth.Further enhancing the investment profile, the property benefits from exceptionally low real estate taxes, making this a rare combination of stabilized cash flow and long-term...

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Home facts

  • Year built:1910
  • Listing ID #:SC262949
  • Added:51 day(s) ago
  • Updated:August 12, 2026 at 04:48 PM

Rooms and interior

  • Bedrooms:18
  • Total bathrooms:14
  • Full bathrooms:14
  • Basement:Yes
  • Basement Description:Unfinished
  • Living area:12,500 sq. ft.

Structure and exterior

  • Year built:1910
  • Building area:12,500 sq. ft.
  • Lot area:0.25 Acres

Finances and disclosures

  • Price:$3,499,995
  • Price per sq. ft.:$280
  • Tax amount:$10,783 (2026)

Parking

  • Total parking spaces:14

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