622-624 S Main Avenue, Scranton, PA 18504
MULTI_FAMILY - Scranton, PA
- Added:
- Jun 11, 2026
- Days on Market:
- 1
- Last Refresh:
- Jun 11 at 11:06 am
Property Features for 622-624 S Main Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- N
- Bedrooms
- 8
- Bathrooms
- 8
- Rooms
- Bathroom 3, Bathroom 4, Bedroom 6, Bathroom 7, Bathroom 8, Bedroom 2, Bedroom 5, Bedroom 8, Bathroom 6, Bedroom 7, Bathroom 1, Bedroom 3, Basement, Bedroom 4, Bedroom 1, Bathroom 2, Bathroom 5
- Parking features
- Open, Driveway, Garage
- Fencing
- Fenced
- Basement
- Unfinished, Full
- Standard status
- Active
- APN
- 15609040012
- Size
- 2,325 SF
- Lot size
- 0.20 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 5394
Utilities
- Heating system
- Natural Gas
Building Details
- Year built
- 1901
- Floors in Building
- 2
- Number of units
- 3
Listing agent Alyssa Mackiw License #RS366528 (570) 861-9100
Listing office EXP Realty LLC 630 Freedom Business Center Drive Suite 300, Pittsburgh, PA (888) 397-7352
Listing date Jun 11, 2026
Copyright © 2026 Greater Scranton Board 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
- Fully occupied 3‑unit triplex with unit mix: one 4‑bedroom unit and two 2‑bedroom units
- Approx. $42,000 annual gross income currently generated
- Major capital improvements include 3 new furnaces, 3 new hot water heaters, and 3 new electrical panels
- Updated plumbing and luxury vinyl plank flooring
- Separate gas and electric utilities for the units
- Detached garage, off‑street parking, and fully fenced yard
Overview
Located at 622-624 S Main Avenue in Scranton, Pennsylvania, the property is described as convenient to grocery stores, shopping, restaurants, schools, public transportation, and major commuter routes. The surrounding retail and service uses support ongoing day-to-day convenience for tenants.
For investors or owner-operators seeking a rental property with reduced upfront work, this configuration offers immediate occupancy and a clear improvement history. The current gross income is approximately $42,000 annually, with the seller noting room for potential future rent increases. The combination of tenant-appropriate unit sizes, separated utilities, and completed mechanical upgrades makes the triplex a straightforward option for steady residential income management.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $29.3k | $12.60 |
| − Vacancy | −$1.9k | −$0.82 |
| EGI | $27.4k | $11.78 |
| − OpEx | −$8.2k | −$3.53 |
| NOI | $19.2k | $8.25 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Scranton
- County
- Lackawanna
- State
- Pennsylvania
- Longitude
- -75.686049
- Latitude
- 41.405687
