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    522 River St Scranton, PA 18505

    View on Map
    Sponsored
    For Sale
    $489,000

    COMMERCIAL - Scranton, PA

    Type:Apartment
    Property size:
    7,200 SF
    Lot size:
    0.16 Acres
    Days on Market:
    127
    Last Refresh:
    Mar 7 at 9:06 am

    Property Features for 522 River St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Apartment
    Standard status
    Active
    Zoning
    Residential
    Rooms
    Bedroom 8, Bedroom 7, Bathroom 3, Bedroom 4, Bathroom 1, Bedroom 1, Basement, Bathroom 4, Bedroom 3, Bedroom 5, Bedroom 2, Bathroom 5, Bathroom 2, Bedroom 6
    Bedrooms
    8
    Bathrooms
    5
    APN
    15616040055
    Parking features
    Alley, Off Street, On Street
    Exterior features
    Balcony, Private Yard
    Basement
    Unfinished, Full
    Appliances
    Electric Oven, Refrigerator, Microwave
    Size
    7,200 SF
    Lot size
    0.16 Acres

    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

    We can help!

    Listing Contact
    Jeremy J Watson
    Jeremy J Watson

    Park Place Real Estate (570) 307-7275

    Listing agent Jeremy J Watson (570) 352-5162

    Listing date Nov 1, 2025

    MLS# PW-251537 Listing URL

    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.

    Learn more

    Property Insight Report

    Overview

    Turnkey Investment Opportunity on River

    This well-maintained 5-unit complex on River Street is a turnkey investment opportunity. Fully occupied, the property generates over $54,600 in annual gross income. Four of the five units have been extensively upgraded with modern kitchens featuring granite countertops and new appliances, updated flooring, fresh paint, and remodeled bathrooms. Each unit is separately metered, with tenants responsible for their own electric, including heat and hot water. Water is sub-metered and can be billed back. The building offers coded front and rear entry for security and ease of access. Additional highlights include a large backyard and rear off-street parking for tenant convenience. The property also features an expansive walk-up attic, offering potential for future apartment conversions, premium storage units, or creative revenue streams. The full-height basement provides an opportunity to install tenant storage lockers or other rentable features. The property is located in Scranton, PA.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Scranton
    County
    Lackawanna
    State
    Pennsylvania
    Longitude
    -75.66267
    Latitude
    41.400149

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    FAQs

    What type of property is this?
    Apartment building - Well-maintained, fully occupied 5-unit complex generating over $54,600 annually.
    Where is this apartment building located?
    The property is located at 522 River St Scranton, PA.
    What is the asking price?
    The asking price for this property is $489,000.
    What are key features of this property?
    This property features: - Turnkey, fully occupied 5-unit complex generating $54,600+ annual gross income.; - Four of five units extensively upgraded with modern kitchens, updated flooring, fresh paint, and remodeled bathrooms.; - Significant value-add potential with expansive walk-up attic suitable for apartment conversions or storage units.
    (570) 352-5162
    Request Owner's contact information
    522 River St Scranton, PA 18505
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    Scranton, PA 18505
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    522 River St Scranton, PA 18505
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    We can help!
    Listing Contact
    Jeremy J Watson
    Jeremy J Watson
    Real Estate License ID: RM425357
    (570) 352-5162
    Learn more
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