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    522 River St Scranton, PA 18505

    For Sale
    $489,000

    Apartment - Scranton, PA

    Type:Apartment
    Property size:
    7,200 SF
    Lot size:
    0.16 Acres
    Days on Market:
    35
    Last Refresh:
    Dec 5 at 10:06 pm

    Property Features for 522 River St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Apartment
    Standard status
    Active
    Zoning
    Residential
    Rooms
    Basement, Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    8
    Bathrooms
    5
    APN
    15616040055
    Parking features
    Off Street, On Street
    Exterior features
    Balcony, Private Yard
    Basement Y/N
    1
    Appliances
    Microwave, Refrigerator
    Size
    7,200 SF
    Lot size
    0.16 Acres

    Utilities

    Heating system
    Baseboard, Electric (Heating)
    Cooling system
    Ceiling Fan(s)

    Building Details

    Year built
    1919
    Number of units
    5
    Flooring type
    Vinyl
    Architectural style
    Other

    Park Place Real Estate (570) 307-7275

    Listing agent Jeremy J Watson (570) 352-5162 License #RM425357

    Listing date Nov 1, 2025

    MLS# PW-251537 Listing URL

    Copyright © 2025 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.

    Overview

    Turnkey Investment Opportunity in Scranton

    This well-maintained 5-unit complex is a strong, cash-flowing asset, currently fully occupied and generating over $54,600 in annual gross income. Located in Scranton, PA, the property includes four extensively upgraded units featuring modern kitchens with 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 features include a large backyard and rear off-street parking for tenant convenience. The property has an expansive walk-up attic, offering potential for future apartment conversions, premium storage units, or other revenue streams. The full-height basement provides an opportunity to install tenant storage lockers or other rentable features. The lot size is 0.16 acres and the property size is 7200 square feet. The property is zoned residential.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    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 - Fully occupied 5-unit complex generating over $54,600 annual income.
    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 5-unit complex generating $54,600+ annual gross income.; - Four units extensively upgraded with modern kitchens (granite countertops, new appliances), updated flooring, fresh paint, and remodeled bathrooms.; - Value-add potential: Expansive walk-up attic suitable for apartment conversions or premium 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 Estimation

    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.

    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.

    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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