$429,000
$20K PRICE DROP

545 Prescott Ave Scranton, PA 18510

Hill Section Neighborhood

Estimated payment $2,884/month

Total Views 20,206
8 Beds
4 Baths
4,092 Sq Ft
$105 Price per Sq Ft

Highlights

  • Wood Flooring
  • Dining Room
  • Baseboard Heating
  • Corner Lot

About This Home

Exceptional Income-Producing Property!This 4-unit multifamily property offers outstanding income potential, making it an ideal opportunity for both seasoned and first-time investors. Featuring nicely updated, well-maintained units with thoughtful layouts, this property ensures tenant satisfaction and consistent occupancy.Located just blocks from the University of Scranton, Geisinger Medical College, major hospitals, and shopping hubs, this prime location attracts a wide range of tenants, including students, medical professionals, and those seeking convenience.For investors, this property is a turn-key investment ready to generate solid rental income immediately. It offers a perfect balance of immediate returns and long-term growth potential, making it an excellent addition to any portfolio.In a high-demand rental area, this opportunity won't last long. Secure this income-producing property and add a valuable asset to your portfolio today!Also available is MLS SC-250982.

Listing Agent

Christina Cosmello

Berkshire Hathaway Home Services Preferred Properties License #RS220226L Listed on: 03/07/2025

Berkshire Hathaway Home Services Preferred Properties

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,172

Year Built

  • Built in 1930

Lot Details

  • 2,614 Sq Ft Lot
  • Lot Dimensions are 53x50x56x50
  • Corner Lot
  • Irregular Lot

Home Design

  • Composition Roof

Interior Spaces

  • 4,092 Sq Ft Home
  • 3-Story Property
  • Dining Room
  • Unfinished Basement

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Full Bathrooms

Parking

  • Paved Parking
  • On-Street Parking

Utilities

  • No Cooling
  • Heating System Uses Natural Gas
  • Baseboard Heating

Listing and Financial Details

  • The owner pays for repairs, water, trash collection, sewer
  • Assessor Parcel Number 15709050043

Community Details

Overview

  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,172

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Directions: From Mulberry Street. Left on Prescott. Property is on the corner of Prescott and Olive Street.
  • Unit Levels: Three Or More
  • Lot Size Acres: 0.06
  • Prop. Type: Residential Income
  • Building Stories: 3
  • Year Built: 1930
  • Reso Property Sub Type: Multi Family
  • ResoLotFeatures: Corner Lot, Irregular Lot
  • Road Surface Type: Asphalt
  • Above Grade Finished Sq Ft: 4092
  • New Construction: No
  • Reso Structure Type: Multi Family
  • AuctionYN: No
  • SchoolTaxAmount: 1848.11
  • EnhancedAcccessible: No
  • GSB_UnitTypeDiningRoomYN: No
  • GSB_UnitTypeDiningRoomYN: No
  • GSB_UnitTypeDiningRoomYN: No
  • GSB_UnitTypeDiningRoomYN: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Full Bathrooms: 4
  • Total Bedrooms: 8
  • Has Basement: Unfinished
  • Flooring: Tile, Wood
  • Basement YN: Yes

Exterior Features

  • Roof: Composition
  • Waterfront: No

Garage/Parking

  • Parking Features: On Street, Paved

Utilities

  • Cooling: None
  • Heating: Baseboard, Natural Gas, Electric
  • Water Source: Public

Schools

  • Junior High Dist: Scranton

Lot Info

  • Zoning: R1-A
  • Current Use: Investment, Multi-Family
  • Lot Dimensions: 53X50X56X50
  • Parcel #: 15709050043

Rental Info

  • Tenant Pays: Electricity, Gas
  • Owner Pays: Repairs, Water, Trash Collection, Sewer

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 7172.11
  • Tax Book Number: 2011011369

Multi Family

  • Number Of Units Total: 4
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1

Map

Range of Values:

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Average Value
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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
08/27/2025 08/27/25 Price Changed $429,000 -4.5% $105 / Sq Ft
03/07/2025 03/07/25 For Sale $449,000 -- $110 / Sq Ft
Source: Greater Scranton Board of REALTORS®

Source: Greater Scranton Board of REALTORS®

MLS Number: GSBSC250984

Greater Scranton Board of REALTORS®
Pennsylvania Lackawanna County Scranton 18510 Hill Section

545 Prescott Ave, Scranton, PA

This home is located at 545 Prescott Ave, Scranton, PA 18510 and is currently priced at $429,000, approximately $104 per square foot. This property was built in 1930. 545 Prescott Ave is a home located in Lackawanna County with nearby schools including William Prescott School, Northeast Scranton Intermediate School, and Scranton High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Greater Scranton Board of REALTORS® Information provided by the Greater Scranton Board of REALTORS® MLS. Information is for consumer’s personal noncommercial use, and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing. Consult the specific municipality for permitted Zoning uses.

Nearby Homes
Listing Agent
Christina Cosmello
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Berkshire Hathaway Home Services Preferred Properties
(272) 777-0195