Turnkey Five-Unit Apartment
For Sale
$449,000
522 524 River Street, Scranton, PA 18505
COMMERCIAL - Scranton, PA
Property Size7,200 SF
Lot Size0.16 Acres
Price / SF$62.36
Days on Market457
Property Features for 522 524 River Street
General Information
Property type
Commercial Sale
Property subtype
Apartment
Zoning
Residential
Bedrooms
8
Bathrooms
5
Full bathrooms
5
Rooms
Bedroom 7, Bedroom 2, Bathroom 4, Bedroom 4, Basement, Bedroom 3, Bathroom 2, Bedroom 6, Bathroom 3, Bathroom 1, Bedroom 5, Bathroom 5, Bedroom 1, Bedroom 8
Parking features
Alley, Off Street, On Street
Exterior features
Balcony, Private Yard
Basement
Full, Unfinished
Appliances
Electric Oven, Refrigerator, Microwave
Elementary school district
Scranton School District
Middle school district
Scranton School District
High school district
Scranton School District
Directions
From Scranton, Take Pittston Ave. Turn onto River Street. See on Right.
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
Amenities
coded entry
large backyard
off-street parking
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: Aug 4
Last Checked: Aug 23 at 12:06AM
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
Current Use
Lease Details
5
Residential units
100%
Occupancy
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,340
Businesses Nearby
Explore this area
Business Placement
Demographics for 18505, PA
20,982
Population
9,996
Households
2.1
Avg Household Size
39
Median Age
26%
College-Educated
87%
High-School Grad
8.8 sq mi
ZIP Area
2,384
Density / Sq Mi
$52,599
Median Household Income
$34,155
Median Earnings
$954
Median Rent
$139,800
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
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
