522 524 River Street, Scranton, PA 18505
Local realty services provided by:ERA One Source Realty



522 524 River Street,Scranton, PA 18505
$499,000
- 8 Beds
- 5 Baths
- 7,200 sq. ft.
- Multi-family
- Active
Listed by:jeremy j watson
Office:six pm llc.
MLS#:PW251537
Source:PA_PWAR
Price summary
- Price:$499,000
- Price per sq. ft.:$69.31
About this home
Turnkey 5-Unit Investment Opportunity on River StreetFully occupied and generating over $54,600 in annual gross income, this well-maintained 5-unit complex is a strong, cash-flowing asset. Four of the five units have been extensively upgraded with modern kitchens featuring granite countertops and new appliances, updated flooring, fresh paint, and remodeled bathrooms--providing quality living spaces tenants appreciate.Each unit is separately metered, with tenants responsible for their own electric (including heat and hot water). Water is sub-metered and can be billed back, optimizing your utility cost management. The building offers coded front and rear entry for both security and ease of access.Additional highlights include a large backyard and rear off-street parking for tenant convenience.Bonus Value-Add Potential:Unlock even more income with the property's expansive walk-up attic, offering the perfect canvas for future apartment conversions, premium storage units, or creative revenue streams. With the right vision and upgrades, this untapped space could dramatically increase long-term returns. Additionally, the full-height basement provides an excellent opportunity to install tenant storage lockers or other rentable features, adding immediate, low-maintenance monthly income.Owner is a Licensed RE Broker.
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Home facts
- Year built:1919
- Listing Id #:PW251537
- Added:82 day(s) ago
- Updated:July 26, 2025 at 02:02 PM
Rooms and interior
- Bedrooms:8
- Total bathrooms:5
- Full bathrooms:5
- Living area:7,200 sq. ft.
Heating and cooling
- Cooling:Ceiling Fan(S)
- Heating:Baseboard, Electric
Structure and exterior
- Year built:1919
- Building area:7,200 sq. ft.
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$499,000
- Price per sq. ft.:$69.31
- Tax amount:$7,129 (2024)
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