522 524 River St Scranton, PA 18505
South Side NeighborhoodEstimated payment $3,040/month
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.
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
Map
Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|---|
| 07/02/2026 07/02/26 | Price Changed | $449,000 | -8.2% | $62 / Sq Ft |
| 06/09/2026 06/09/26 | For Sale | $489,000 | 0.0% | $68 / Sq Ft |
| 05/01/2026 05/01/26 | Off Market | $489,000 | -- | -- |
| 11/01/2025 11/01/25 | For Sale | $489,000 | 0.0% | $68 / Sq Ft |
| 11/01/2025 11/01/25 | Off Market | $489,000 | -- | -- |
| 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®
MLS Number: PWBPW251537
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All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
Listings courtesy of Pike/Wayne Association of REALTORS® as distributed by MLS GRID.
Based on information submitted to the MLS GRID
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