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.
For sale
Price cut: $20K (6/18)
$499,000
522 River St #524, Scranton, PA 18505
8beds
7,200sqft
Est.:
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
- 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#: PW251537

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
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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