522 524 River Street, Scranton, PA 18505

Local realty services provided by:ERA One Source Realty
522 524 River Street,Scranton, PA 18505
$489,000
  • 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:$489,000
  • Price per sq. ft.:$67.92

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

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Home facts

  • Year built:1919
  • Listing ID #:PW251537
  • Added:127 day(s) ago
  • Updated:September 28, 2025 at 02:09 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:$489,000
  • Price per sq. ft.:$67.92
  • Tax amount:$7,129 (2024)
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