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For sale
  • Price cut: $20K (6/18)
    $499,000

    522 River St #524, Scranton, PA 18505

    8beds
    7,200sqft
    : 
    Apartment, Multi Family
    Built in 1919
    -- sqft lot
    $463,000 Zestimate®
    $69/sqft
    $-- HOA

    What's special

    Large backyardFresh paintModern kitchensRear off-street parkingRemodeled bathroomsNew appliancesUpdated flooring
    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.
    78 days
    on Zillow
    |
    306
    |
    27
    |

    Zillow last checked: 7 hours ago

    Listing updated: June 18, 2025 at 07:11am

    Listed by:

    Jeremy J Watson 570-352-5162,

    SIX PM LLC 570-352-5162

    Source: PWAR,MLS#: PW251537MLS Logo
    Travel times

    Tour with a buyer's agent

    We'll find a local expert to take you on a private tour of 522 River St #524.

    Next available tour time:Tomorrow at 11am

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 8
    • Bathrooms: 5
    • Full bathrooms: 5
    Heating
    • Baseboard, Electric
    Cooling
    • Ceiling Fan(s)
    Appliances
    • Included: Electric Oven, Refrigerator, Microwave
    Features
    • Flooring: Vinyl
    • Basement: Full,Unfinished,Heated
    Interior area
    • Total structure area: 7,200
    • Total interior livable area: 7,200 sqft
    • Finished area above ground: 7,200
    • Finished area below ground: 2,400

    Property

    Parking
    • Parking features: Alley Access, Off Street, On Street
    • Has uncovered spaces: Yes
    Features
    • Levels: Three Or More
    • Stories: 3
    • Exterior features: Private Yard
    • Body of water: None
    Lot
    • Size: 6,969.6 Square Feet
    • Dimensions: 45' x 157' x 45' x 157'
    Details
    • Parcel number: 15616040055
    • Zoning: Residential

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Apartment, Multi Family
    Condition
    • Updated/Remodeled
    • New construction: No
    • Year built: 1919

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    Community
    • Subdivision: None
    HOA
    • Has HOA: No
    • Deposit fee: $4,550
    Location
    • Region: Scranton

    Financial & listing details

    • Price per square foot: $69/sqft
    • Tax assessed value: $316,265
    • Annual tax amount: $7,129
    • Date on market: 5/24/2025
    • Tenant pays: Electricity, Water, Other
    • Income includes: Rent Only
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