Turnkey Five-Unit Apartment
522 524 River Street Scranton, PA 18505
For Sale
$449,000
COMMERCIAL - Scranton, PA
Property Size7,200 SF
Lot Size0.16 Acres
Price / SF$62.36
Days on Market429
Property Features for 522 524 River Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Apartment
- Zoning
- Residential
- Bedrooms
- 8
- Bathrooms
- 5
- Rooms
- Bedroom 4, Bedroom 5, Bedroom 6, Bathroom 1, Bathroom 3, Bathroom 4, Bathroom 2, Bathroom 5, Bedroom 8, Bedroom 3, Bedroom 7, Bedroom 1, Basement, Bedroom 2
- Parking features
- Alley, Off Street, On Street
- Exterior features
- Balcony, Private Yard
- Basement
- Unfinished, Full
- Appliances
- Electric Oven, Refrigerator, Microwave
- Standard status
- Active
- APN
- 15616040055
- Size
- 7,200 SF
- Lot size
- 0.16 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 7129
Utilities
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating), Baseboard
- Cooling system
- Ceiling Fan(s)
- Water source
- Public
Building Details
- Year built
- 1919
- Floors in Building
- 3
- Number of units
- 5
- Flooring type
- Vinyl
Listing Agency:
SIX PM LLC
(570) 352-5162
Listed By:
Jeremy J Watson · License #RM425357
(570) 352-5162
Added: May 24, 2025
Changed: Jul 2
Last Checked: Jul 26 at 11:06AM
MLS# PW-251537
Copyright © 2026 Pike/Wayne Association 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.
Investment Insights
Based on property information with market context.
Situated at 522-524 River Street in Scranton, this well-maintained 5-unit apartment complex is offered turnkey for sale. The property is fully occupied and includes four units with extensive upgrades, such as modern kitchens with granite countertops and new appliances, updated flooring, fresh paint, and remodeled bathrooms. Each unit is separately metered, and tenants are responsible for their own electric, including heat and hot water. Water is sub-metered and can be billed back. For access and security, the building provides coded front and rear entry, and there is a large backyard along with rear off-street parking for tenant convenience.
The property is a residentially zoned asset, totaling approximately 7,200 square feet on a 0.16-acre lot. In addition to the living space, there is an expansive walk-up attic and a full-height basement, each offering practical space for additional storage or future operational enhancements.
For investors or owner-operators seeking a ready-to-rent multifamily with resident utility separation, this building’s current unit condition and separately metered setup support straightforward day-to-day management. The added attic and basement area may also appeal to buyers looking to pursue incremental rentable storage or future apartment conversions, subject to applicable approvals.
The property is a residentially zoned asset, totaling approximately 7,200 square feet on a 0.16-acre lot. In addition to the living space, there is an expansive walk-up attic and a full-height basement, each offering practical space for additional storage or future operational enhancements.
For investors or owner-operators seeking a ready-to-rent multifamily with resident utility separation, this building’s current unit condition and separately metered setup support straightforward day-to-day management. The added attic and basement area may also appeal to buyers looking to pursue incremental rentable storage or future apartment conversions, subject to applicable approvals.
Key Highlights
- 5‑unit property on River Street, fully occupied and generating over $54,600 in annual gross income
- Four units have been upgraded with modern kitchens (granite countertops and new appliances) plus updated flooring, fresh paint, and remodeled bathrooms
- Each unit is separately metered; tenants pay their own electric, including heat and hot water
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - Fully occupied 5-unit building with separately metered utilities and coded entry, plus rear off-street parking.
Where is this apartment building located?
The property is located at 522 524 River Street Scranton, PA.
What is the asking price?
The asking price for this property is $449,000.
What are key features of this property?
This property features: 5‑unit property on River Street, fully occupied and generating over $54,600 in annual gross income; Four units have been upgraded with modern kitchens (granite countertops and new appliances) plus updated flooring, fresh paint, and remodeled bathrooms; Each unit is separately metered; tenants pay their own electric, including heat and hot water
