518 Prospect Ave Scranton, PA 18505
South Side NeighborhoodEstimated payment $2,446/month
Highlights
- Traditional Architecture
- Washer and Dryer
- 4-minute walk to Connors Park
- Dining Room
About This Home
Excellent investment opportunity in Scranton featuring a well-maintained 3-unit property with strong income potential. Unit 1 offers 3 bedrooms and 1 full bathroom and truly feels more like a home than an apartment. The unit features an updated kitchen with granite countertops and quality cabinetry, along with a bathroom that includes a whirlpool tub and separate shower. It also offers access to a private and spacious backyard that could easily be transformed into a beautiful garden or relaxing outdoor space. This unit will be vacant at closing, making it perfect for an owner-occupant or new tenant. Unit 2 features a comfortable 2 bedroom, 1 bath layout, while Unit 3 offers 1 bedroom, 1 bathroom, new flooring throughout, and a large walk-in closet. Major updates include a newer roof installed in 2021 and one furnace replaced in 2021, helping reduce future maintenance concerns. All tenants are currently on month-to-month leases.Conveniently located near shopping, restaurants, and major highways, this property is a great opportunity for investors or anyone looking to live in one unit while generating rental income from the others.
Listing Agent
The Adriana Jez Team
EXP Realty LLC License #RS358942 Listed on: 05/15/2026
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,306
Year Built
- Built in 1940
Lot Details
- 5,663 Sq Ft Lot
- Lot Dimensions are 40x140
Home Design
- Triplex
- Traditional Architecture
- Poured Concrete
Interior Spaces
- 4,080 Sq Ft Home
- 3-Story Property
- Dining Room
- Gas Range
- Washer and Dryer
- Basement
Bedrooms and Bathrooms
- 6 Bedrooms
- 3 Full Bathrooms
Utilities
- 200+ Amp Service
Community Details
- 3 Units
Listing and Financial Details
- Security Deposit $950
- Assessor Parcel Number 15616040019
- Tax Block 20
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2026 | $35,492 | $221,840 | $31,720 | $190,120 |
| 2025 | $5,306 | $16,000 | $3,350 | $12,650 |
| 2024 | $4,859 | $16,000 | $3,350 | $12,650 |
| 2023 | $4,859 | $16,000 | $3,350 | $12,650 |
| 2022 | $4,753 | $16,000 | $3,350 | $12,650 |
| 2021 | $4,753 | $16,000 | $3,350 | $12,650 |
| 2020 | $4,667 | $16,000 | $3,350 | $12,650 |
| 2019 | $4,393 | $16,000 | $3,350 | $12,650 |
| 2018 | $4,393 | $16,000 | $3,350 | $12,650 |
| 2017 | $4,318 | $16,000 | $3,350 | $12,650 |
| 2016 | $1,419 | $16,000 | $3,350 | $12,650 |
| 2015 | $2,940 | $16,000 | $3,350 | $12,650 |
| 2014 | -- | $16,000 | $3,350 | $12,650 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 05/25/2026 05/25/26 | Pending | -- | -- | -- | |
| 05/15/2026 05/15/26 | For Sale | $365,000 | +9.9% | $89 / Sq Ft | |
| 08/21/2025 08/21/25 | Sold | $332,000 | -4.9% | $81 / Sq Ft | View Prior Sale |
| 06/14/2025 06/14/25 | Pending | -- | -- | -- | |
| 05/28/2025 05/28/25 | For Sale | $349,000 | 0.0% | $85 / Sq Ft | |
| 04/10/2016 04/10/16 | Rented | $7,232 | +1180.0% | -- | |
| 04/07/2016 04/07/16 | Under Contract | -- | -- | -- | |
| 03/09/2016 03/09/16 | For Rent | $565 | -91.8% | -- | |
| 06/15/2015 06/15/15 | Rented | $6,875 | +1150.0% | -- | |
| 06/14/2015 06/14/15 | Under Contract | -- | -- | -- | |
| 05/14/2015 05/14/15 | For Rent | $550 | -93.7% | -- | |
| 06/28/2013 06/28/13 | Rented | $8,700 | +38.1% | -- | |
| 06/04/2013 06/04/13 | Under Contract | -- | -- | -- | |
| 05/14/2013 05/14/13 | Rented | $6,300 | +1100.0% | -- | |
| 05/06/2013 05/06/13 | Under Contract | -- | -- | -- | |
| 04/04/2013 04/04/13 | For Rent | $525 | -94.2% | -- | |
| 01/29/2013 01/29/13 | Rented | $9,000 | +1100.0% | -- | |
| 01/26/2013 01/26/13 | Under Contract | -- | -- | -- | |
| 01/07/2013 01/07/13 | For Rent | $750 | +3.4% | -- | |
| 09/26/2012 09/26/12 | For Rent | $725 | -88.5% | -- | |
| 02/28/2012 02/28/12 | Rented | $6,300 | +1100.0% | -- | |
| 02/24/2012 02/24/12 | Under Contract | -- | -- | -- | |
| 01/30/2012 01/30/12 | For Rent | $525 | -- | -- |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $332,000 | Modern Abstract Company Cip Ll | |
| Deed | $160,000 | None Available | |
| Interfamily Deed Transfer | -- | Landamerica |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $315,400 | New Conventional | |
| Closed | $120,000 | New Conventional | |
| Previous Owner | $106,910 | Commercial | |
| Previous Owner | $106,875 | Commercial | |
| Previous Owner | $107,000 | Commercial |
Source: Greater Scranton Board of REALTORS®
MLS Number: GSBSC262204
APN: 15616040019
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