522 524 River St, Scranton, PA 18505

Beds
8
Baths
5
Sqft
7,200

Sign in to view any offers or make an offer. View property features, location on map, relevant school information and overview from seller's agent.

Listed bySIX PM LLC
  • 1
  • 0

Overview

Turnkey 5-Unit Investment Opportunity on River StreetFully occupied and generating over $54,600 in annual gross income, this well-maintained 5-unit complex is a strong, cash-flowing asset. Four of the five units have been extensively upgraded with modern kitchens featuring granite countertops and new appliances, updated flooring, fresh paint, and remodeled bathrooms--providing quality living spaces tenants appreciate.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, optimizing your utility cost management. The building offers coded front and rear entry for both security and ease of access.Additional highlights include a large backyard and rear off-street parking for tenant convenience.Bonus Value-Add Potential:Unlock even more income with the property's expansive walk-up attic, offering the perfect canvas for future apartment conversions, premium storage units, or creative revenue streams. With the right vision and upgrades, this untapped space could dramatically increase long-term returns. Additionally, the full-height basement provides an excellent opportunity to install tenant storage lockers or other rentable features, adding immediate, low-maintenance monthly income.Owner is a Licensed RE Broker.

Location

Full feature list

Basic info

Property type
Condo/Co-op
Number of stories
3
Number of bedrooms
8
Number of bathrooms
5
Square feet
7,200
Lot size (acres)
0.16
Year built
1919

Interior features

Basement
Yes, Finished

Utilities

Heating
Baseboard, Electric
Cooling
Ceiling Fans
Sewer
Public Sewer
Water
Public Water

Taxes

Tax Annual Amount (2024)
$7,129.04

Public schools

Loading

Disclaimer: Certain information displayed on this listing has been derived from parties other than Final Offer, LLC. Information provided and their sources have been deemed reliable, but accuracy of information is not guaranteed and therefore should be independently verified.

Sourced from: PikeWayne Association of Realtors MLS®#: PW251537 Last checked:

The data relating to real estate for sale on this website comes in part from the Internet Data exchange (IDX) program of the Pike/Wayne Association of REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than SIX PM LLC, are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. Copyright © 2026 Pike/Wayne Association of REALTORS®. All Rights Reserved.