$489,000
$30K PRICE DROP

Estimated payment $3,258/month

Total Views 18,017
8 Beds
5 Baths
7,200 Sq Ft
$68 Price per Sq Ft

Highlights

  • Private Yard
  • Balcony
  • Luxury Vinyl Tile Flooring
  • No HOA
  • Living Room
  • 2-minute walk to Connors Park

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.

Listing Agent

Jeremy Watson

SIX PM LLC License #RM425357 Listed on: 05/24/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,129

Year Built

  • Built in 1919 | Remodeled

Lot Details

  • 6,970 Sq Ft Lot
  • Lot Dimensions are 45'x157'x45'x157'
  • Private Yard
  • Land Lease expires 2/28/26

Interior Spaces

  • 7,200 Sq Ft Home
  • 3-Story Property
  • Ceiling Fan
  • Living Room
  • Dining Room
  • Luxury Vinyl Tile Flooring

Kitchen

  • Electric Oven
  • Microwave

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 5 Full Bathrooms

Unfinished Basement

  • Heated Basement
  • Basement Fills Entire Space Under The House

Parking

  • On-Street Parking
  • Off-Street Parking

Additional Features

  • Balcony
  • Baseboard Heating

Listing and Financial Details

  • Security Deposit $975
  • Assessor Parcel Number 15616040055

Community Details

Overview

  • No Home Owners Association
  • 5 Units

Building Details

  • Gross Income $54,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,129

Year Built

Built in 1919 | Remodeled

Lot Details

0

Listing Details

  • Directions: From Scranton, Take Pittston Ave. Turn onto River Street. See on Right.
  • Lot Size Acres: 0.16
  • Prop. Type: Residential Income
  • Building Stories: 3
  • Subdivision Name: None
  • Year Built: 1919
  • Reso Property Sub Type: Apartment
  • Road Frontage Type: City Street
  • Water Body Name: None
  • Above Grade Finished Sq Ft: 7200
  • Reso Flooring: Luxury Vinyl
  • Garage Yn: No
  • Unit Levels: Three Or More
  • New Construction: No
  • Reso Property Condition: Updated/Remodeled
  • Reso Structure Type: Multi Family
  • Tax Year: 2024
  • Master Plan Zoning: Residential
  • SchoolTaxAmount: 3178.75
  • CountyTaxAmount: 1934.58
  • UnitTwoDiningRoomYN: Yes
  • UnitOneDiningRoomYN: Yes
  • UnitTwoLivingRoomYN: Yes
  • UnitThreeDiningRoomYN: No
  • UnitFourDiningRoomYN: No
  • UnitOneLivingRoomYN: Yes
  • UnitThreeLivingRoomYN: Yes
  • UnitFourLivingRoomYN: Yes
  • PWB_UnitFiveLivingRoomYN: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Appliances: Electric Oven, Refrigerator, Microwave
  • Full Bathrooms: 5
  • Total Bedrooms: 8
  • Number Of Buildings: 1
  • Basement: Full, Unfinished, Heated
  • Basement YN: Yes
  • Below Grade Sq Ft: 2400

Exterior Features

  • Waterfront: No
  • Exterior Features: Balcony, Private Yard

Garage/Parking

  • Parking Features: Alley Access, Off Street, On Street

Utilities

  • Cooling: Ceiling Fan(s)
  • Heating: Baseboard, Electric
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Schools

  • Junior High Dist: Scranton School District

Lot Info

  • Current Use: Commercial, Multi-Family
  • Lot Dimensions: 45'x157'x45'x157'
  • Additional Parcels: No
  • Parcel #: 15616040055

Multi Family

  • Number Of Units Total: 5
  • Annual Gross Income: 54600
  • Income Includes: ["Rent Only"]
  • Tenant Pays: Electricity, Water, Other

Tax Info

  • Tax Annual Amount: 7129.04
  • Tax Book Number: 202213445

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/19/2025 08/19/25 Price Changed $489,000 -2.0% $68 / Sq Ft
06/18/2025 06/18/25 Price Changed $499,000 -3.9% $69 / Sq Ft
05/24/2025 05/24/25 For Sale $519,000 0.0% $72 / Sq Ft
03/07/2015 03/07/15 Rented $7,140 +1042.4% --
03/06/2015 03/06/15 Under Contract -- -- --
09/21/2014 09/21/14 For Rent $625 -91.7% --
06/15/2014 06/15/14 Rented $7,500 +1100.0% --
06/01/2014 06/01/14 Under Contract -- -- --
03/21/2014 03/21/14 For Rent $625 -- --
Source: Pike/Wayne Association of REALTORS®

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Source: Pike/Wayne Association of REALTORS®

MLS Number: PWBPW251537

Pike/Wayne Association of REALTORS®