522 524 River Street, Scranton, PA 18505
COMMERCIAL - Scranton, PA
- Added:
- May 24, 2025
- Days on Market:
- 406
- Last Refresh:
- Jul 3 at 10:06 pm
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 agent Jeremy J Watson License #RM425357 (570) 352-5162
Listing office SIX PM LLC 801 Court Street, Peckville, PA (570) 352-5162
Listing date May 24, 2025
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.
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
- Water is sub‑metered and can be billed back; public water and public sewer service
- Coded front and rear entry for both security and ease of access
- Large backyard plus rear off‑street parking; expansive walk‑up attic and a full‑height basement offer additional space
Overview
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.
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Scranton
- County
- Lackawanna
- State
- Pennsylvania
- Longitude
- -75.66267
- Latitude
- 41.400149
