522 524 River Street, Scranton, PA 18505
COMMERCIAL - Scranton, PA
- Added:
- May 24, 2025
- Days on Market:
- 384
- Last Refresh:
- Jun 11 at 5:06 am
Property Features for 522 524 River Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Apartment
- Zoning
- Residential
- Bedrooms
- 8
- Bathrooms
- 5
- Rooms
- Bathroom 1, Bedroom 7, Bedroom 5, Bedroom 1, Bedroom 3, Bedroom 6, Bedroom 8, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Bedroom 4, Basement, Bedroom 2
- Parking features
- On Street, Alley, Off Street
- Exterior features
- Balcony, Private Yard
- Basement
- Full, Unfinished
- 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
- Baseboard, Electric (Heating)
- 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 fully occupied rental with reported annual gross income over $54,600
- Four units upgraded with modern kitchens featuring granite countertops and new appliances
- Upgrades include updated flooring and remodeled bathrooms across four units
- Separate utilities: each unit is separately metered; tenants pay electric (heat and hot water) and water is sub‑metered
- Coded front and rear entry plus balcony and private yard features; large backyard and rear off‑street parking
- Expansive walk‑up attic and full‑height basement offer potential for additional rentable storage or conversions
Overview
The building is located at 522-524 River Street in Scranton, Pennsylvania. The site sits on 0.16 acres, and the property size is listed as 7,200 square feet. For additional on-site storage and expansion considerations, the building includes an expansive walk-up attic and a full-height basement.
This configuration supports a practical, hands-on income strategy for an owner-operator or investor, with the current setup already in place through separate utility metering. For future value opportunities, the walk-up attic offers potential for additional apartment conversions, storage, or other rentable uses, while the full-height basement could support storage lockers or other rentable features. The property is currently fully occupied and reported to generate over $54,600 in annual gross income.
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Scranton
- County
- Lackawanna
- State
- Pennsylvania
- Longitude
- -75.66267
- Latitude
- 41.400149
