
538 540 River St Scranton, PA 18505
South Side NeighborhoodHighlights
- Living Room
- Dining Room
- 1-minute walk to Connors Park
About This Home
As of May 2025This is the investment you've been waiting for! This well-maintained duplex grosses over $32,000 annually, with all utilities separately metered--keeping operating costs low and returns high. After accounting for taxes, insurance, and maintenance, this property delivers in excess of a 10 percent cap rate.Both units feature newer heating systems, hot water heaters, and updated electrical, minimizing future capital expenses. Long-term tenants are already in place, providing immediate and stable cash flow from day one.Whether you're a seasoned investor or just getting started, this property is a solid addition to any portfolio. Don't miss your chance to own a low-maintenance, high-yield asset!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,942
Year Built
- Built in 1920
Lot Details
- 3,920 Sq Ft Lot
- Lot Dimensions are 85x45
Home Design
- Duplex
Interior Spaces
- 1,900 Sq Ft Home
- 2-Story Property
- Living Room
- Dining Room
Bedrooms and Bathrooms
- 5 Bedrooms
Community Details
- 2 Units
Listing and Financial Details
- Assessor Parcel Number 15668010001
- Tax Block 10
- $11,000 per year additional tax assessments
Similar Homes in Scranton, PA
Home Values in the Area
Average Home Value in this Area
Property History
Date | Event | Price | Change | Sq Ft Price |
---|---|---|---|---|
05/23/2025 05/23/25 | Sold | $265,000 | +10.4% | $139 / Sq Ft |
04/22/2025 04/22/25 | Pending | -- | -- | -- |
04/12/2025 04/12/25 | For Sale | $239,995 | -- | $126 / Sq Ft |
Tax History Compared to Growth
Agents Affiliated with this Home
-
Seller's Agent in 2025
Pat Rogan
The Hub Real Estate Group Scranton
(570) 906-4344
26 in this area
206 Total Sales
-
Buyer's Agent in 2025
Kate Daye
Revolve Real Estate
(302) 242-8781
3 in this area
70 Total Sales
Map
Source: Greater Scranton Board of REALTORS®
MLS Number: GSBSC251643

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