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Three-Unit Residential Income Property

518 Prospect Avenue, Scranton, PA 18505

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Pending

$365,000

MULTI_FAMILY - Other - Scranton, PA

Property size:

4,080 SF

Lot size:

0.13 Acres

HighLights

Well‑maintained 3‑unit property built in 1940 with month‑to‑month leases for current tenants
Unit 1: 3 bedrooms, 1 full bath; includes updated kitchen with granite countertops and quality cabinetry; vacant at closing
Unit 1 bath features a whirlpool tub and a separate shower
Unit 2 offers a 2‑bedroom, 1‑bath layout
Unit 3 includes 1 bedroom, 1 bathroom with new flooring and a large walk‑in closet
Major updates: newer roof installed in 2021 and one furnace replaced in 2021

We can help!

Contact an agent

The Adriana Jez Team

Learn more

Pending

$365,000

MULTI_FAMILY - Other - Scranton, PA

Property size:

4,080 SF

Lot size:

0.13 Acres

Added:: May 15, 2026
Days on Market:: 56
Last Refresh:: Jul 9 at 7:06 am

Property Features for 518 Prospect Avenue

General Information

Property type: Residential Multi Family
Property subtype: Other
Zoning: R
Bedrooms: 6
Bathrooms: 3
Rooms: Bedroom 2, Bathroom 2, Bedroom 5, Basement, Bedroom 6, Bedroom 4, Bedroom 3, Bathroom 3, Bedroom 1, Bathroom 1
Basement: Concrete
Appliances: Gas Range, Washer/Dryer, Refrigerator
Standard status: Pending
APN: 15616040019
Size: 4,080 SF
Lot size: 0.13 Acres

Taxes and HOA fees

Tax Year: 2025
Tax Description: 40X140 Li&C Town Plot L 25 B 81 W-19 B-002 L-018 P-025
Tax Annual Amount: 5306

Building Details

Year built: 1940
Floors in Building: 3
Number of units: 3
Architectural style: Other

We can help!

Contact an agent

The Adriana Jez Team

Listing agent The Adriana Jez Team

Listing office EXP Realty LLC 630 Freedom Business Center Drive Suite 300, Pittsburgh, PA

Listing date May 15, 2026

MLS# SC262204 Listing URL

Copyright © 2026 Greater Scranton Board of Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

HighLights

Well‑maintained 3‑unit property built in 1940 with month‑to‑month leases for current tenants
Unit 1: 3 bedrooms, 1 full bath; includes updated kitchen with granite countertops and quality cabinetry; vacant at closing
Unit 1 bath features a whirlpool tub and a separate shower
Unit 2 offers a 2‑bedroom, 1‑bath layout
Unit 3 includes 1 bedroom, 1 bathroom with new flooring and a large walk‑in closet
Major updates: newer roof installed in 2021 and one furnace replaced in 2021

Overview

This for-sale three-unit residential income property totals approximately 4,080 square feet and is configured as three separate units. Unit 1 is a 3-bedroom, 1-bath layout with an updated kitchen featuring granite countertops and quality cabinetry, plus a bathroom with a whirlpool tub and separate shower. Unit 1 also includes access to a private, spacious backyard. Unit 2 offers a 2-bedroom, 1-bath arrangement. Unit 3 features a 1-bedroom, 1-bath layout with new flooring throughout and a large walk-in closet.

The property has received notable major updates, including a newer roof installed in 2021 and one furnace replacement in 2021. The roof and furnace improvements are intended to help reduce near-term maintenance concerns. All tenants are currently on month-to-month leases, and Unit 1 will be vacant at closing.

From a tenant or owner-occupant perspective, the layout supports flexibility, with a larger family-sized unit paired with two additional units. For investors, the month-to-month leasing structure may allow for ongoing rental management decisions at the unit level, while the recent improvements provide added value in terms of building systems. The seller notes the property is conveniently located near shopping, restaurants, and major highways.

Location Intelligence

Current Use by Public Records

Triplexes

Suggested Use

Location Insight

Map
Local Demand

City: Scranton
County: Lackawanna
State: Pennsylvania
Longitude: -75.663204
Latitude: 41.398673

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For sale
Triplexes
PA
Scranton
18505
518 Prospect Avenue

What type of property is this?

Triplex - Well-maintained three-unit property offers mixed bedroom layouts and recent roof and HVAC updates.

Where is this triplex located?

The property is located at 518 Prospect Avenue Scranton, PA.

What is the asking price?

The asking price for this property is $365,000.

What are key features of this property?

This property features: Well‑maintained 3‑unit property built in 1940 with month‑to‑month leases for current tenants; Unit 1: 3 bedrooms, 1 full bath; includes updated kitchen with granite countertops and quality cabinetry; vacant at closing; Unit 1 bath features a whirlpool tub and a separate shower

518 Prospect Avenue, Scranton, PA 18505

MULTI_FAMILY - Other - Scranton, PA

Property Features for 518 Prospect Avenue

General Information

Taxes and HOA fees

Building Details

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Scranton Office/Retail Building For Sale

Medical Office at High-Traffic Corner

8-Unit Multifamily Corner Property

Turn-Key Restaurant with Luxury Apartment

Office and Duplex Property

Two-Unit Office Property with Parking

Duplex Home with River Frontage

Turnkey Pizza Restaurant and Rental Unit

Flex Building with Garage and Retail

Turn-Key Triplex with Upgraded Systems

Mixed-Use Property in Downtown Scranton

Mixed-Use Building with Parking

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