$998,000
UNDER CONTRACT

621 Madison Ave Unit 623 Scranton, PA 18510

Hill Section Neighborhood

Estimated payment $5,648/month

Total Views 4,718
-- Bed
-- Bath
4,275 Sq Ft
$233 Price per Sq Ft

Highlights

  • Paneling
  • Hot Water Heating System
  • Wood Siding

About This Home

Scranton, PA - 7-Unit Multi-Family 11 CAP Investment *Prime Medical District Location *Exceptional opportunity to own a fully renovated 7-unit multi-family property located just one block from Moses Taylor Hospital and two blocks from the Geisinger Commonwealth School of Medicine. This property sits in a prime location for medical students, hospital employees, and

Listing Agent

Candice Farrell

eXp Realty- Scranton/Wilkes-Barre License #RS343090 Listed on: 10/14/2025

eXp Realty- Scranton/Wilkes-Barre

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,791

Lot Details

  • Lot Dimensions are 40x160
  • Property is in good condition

Home Design

  • Fire Rated Drywall
  • Composition Shingle Roof
  • Wood Siding
  • Vinyl Siding
  • Plaster

Interior Spaces

  • 4,275 Sq Ft Home
  • Paneling

Utilities

  • No Cooling
  • Hot Water Heating System
  • Electric Baseboard Heater

Community Details

Overview

  • 7 Units

Building Details

  • Electric Expense $1,000
  • Real Estate Tax Expense $4,090
  • Gross Income $89,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,791

Lot Details

0

Listing Details

  • 3RdPartyREOOwner: Not Applicable
  • Foreclosedbank Ownedreo: No
  • Directions: From Spruce st go towards Central City. Turn right onto Madison Ave toward hospital. Turn slightly left onto Madison Ave. House is on the left
  • Est County Tax: 1115.75
  • Estimated School Tax: 1833.33
  • EstTotalTax: 4790.78
  • Number of Ranges: 7
  • Number of Refrigerators: 7
  • Age: 76 - 100 Yrs
  • Annual Electric: 1000.00
  • Listing Member Name: Candice Nulton-Farrell
  • Tax Municipality: Scranton City
  • Prop. Type: Multi-Family
  • PROPTYPE: Multi Family
  • InteriorFinish: Drywall, Plaster, Paneling
  • Estimated Total Sq Ft: 4275.00
  • Unit1InfoElectricInRent: N
  • Unit1InfoHeatInRent: N
  • Unit1InfoHotWaterInRent: Y
  • Unit1InfoSewerInRent: N
  • Unit1InfoWaterInRent: N
  • Unit2InfoElectricInRent: N
  • Unit2InfoHeatInRent: N
  • Unit2InfoHotWaterInRent: Y
  • Unit2InfoSewerInRent: N
  • Unit2InfoWaterInRent: N
  • Unit3InfoElectricInRent: N
  • Unit3InfoHeatInRent: N
  • Unit3InfoHotWaterInRent: Y
  • Unit3InfoSewerInRent: N
  • Unit3InfoWaterInRent: N
  • Unit4InfoElectricInRent: N
  • Unit4InfoHeatInRent: N
  • Unit4InfoHotWaterInRent: Y
  • Unit4InfoWaterInRent: N
  • Unit5InfoElectricInRent: N
  • Unit5InfoHeatInRent: N
  • Unit5InfoHotWaterInRent: Y
  • Unit5InfoSewerInRent: N
  • Unit6InfoElectricInRent: N
  • Unit6InfoHeatInRent: N
  • Unit6InfoHotWaterInRent: Y
  • Unit6InfoSewerInRent: N
  • Unit6InfoWaterInRent: N
  • Special Features: UnderContract
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Partial
  • Limited Service: No

Exterior Features

  • Property Condition: Good
  • Exterior: Vinyl, Wood
  • Roof: Comp Shingle, Other - See Remarks

Garage/Parking

  • Spaces: 0
  • Parking: On-Street

Utilities

  • Hvac Type: None
  • Heat Fuel Type: Electric
  • Heat Type: Electric Baseboard
  • Sewer: Public
  • Hot Water: Public

Condo/Co-op/Association

  • Association Fees Include: 7 stoves, 7 refrigerators
  • Number of Units: 7

Schools

  • School District: Scranton

Lot Info

  • Lot Size: 40x160
  • Zoning: Residential

Map

Range of Values:

--
Value Increase
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Percent Increase
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Adjusted for Inflation
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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Tax History

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
2025 $4,791 $12,400 $6,050 $6,350
2024 $4,432 $12,400 $6,050 $6,350
2023 $4,432 $12,400 $6,050 $6,350
2022 $4,336 $12,400 $6,050 $6,350
2021 $4,336 $12,400 $6,050 $6,350
2020 $4,269 $12,400 $6,050 $6,350
2019 $4,033 $12,400 $6,050 $6,350
2018 $4,033 $12,400 $6,050 $6,350
2017 $3,975 $12,400 $6,050 $6,350
2016 $0 $12,400 $6,050 $6,350
2015 $3,128 $12,400 $6,050 $6,350
2014 -- $12,400 $6,050 $6,350
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/14/2025 10/14/25 For Sale $998,000 0.0% $233 / Sq Ft
07/27/2022 07/27/22 Rented $12,600 +1100.0% --
07/22/2022 07/22/22 Under Contract -- -- --
06/27/2022 06/27/22 For Rent $1,050 -88.3% --
12/21/2020 12/21/20 Rented $9,000 +1100.0% --
11/25/2020 11/25/20 Under Contract -- -- --
10/13/2020 10/13/20 For Rent $750 -90.4% --
03/16/2020 03/16/20 Rented $7,800 +1100.0% --
03/11/2020 03/11/20 Under Contract -- -- --
02/12/2020 02/12/20 For Rent $650 -- --
Source: Luzerne County Association of REALTORS®

Purchase History

Date Type Sale Price Title Company
Deed $220,000 Brendan Abstract Company
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Closed $1,663,000 Future Advance Clause Open End Mortgage
Source: Public Records

Source: Luzerne County Association of REALTORS®

MLS Number: 25-5209

APN: 14677020024

Pennsylvania Lackawanna County Scranton 18510 Hill Section

621 Madison Ave Unit 623, Scranton, PA

Under Contract

MultiFamily

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Candice Farrell
Listing Agent
Candice Farrell
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eXp Realty- Scranton/Wilkes-Barre
(272) 381-4026