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115-117 Penn Avenue, 
Scranton, PA 18503

$3,499,995


18

Beds


14

Baths


12,500

Sq Ft


Multi-Family

Active

Listed by

Pat Rogan

David J. Mitchell

The Hub Real Estate Group Scranton

570-507-0627

Last updated:

August 8, 2026, 03:23 PM

MLS#

SC262949

Source:

PA GSBR

About This Home

115-117 Penn Avenue

Exceptional investment opportunity located in downtown Scranton, featuring a fully renovated 14-unit mixed-use property generating approximately 290,000 in annual gross rental income.This turnkey asset consists of 5 two-bedroom apartments, 6 one-bedroom apartments, 1 studio apartment, and 2 commercial storefronts. The building has undergone a complete stud-to-gut renovation and showcases high-end finishes throughout, including exposed brick, modern fixtures, and quality craftsmanship that sets it apart from typical multifamily inventory.All units are separately metered with tenants paying all utilities, creating a strong, low-expense operating model. The property also offers ample on-site parking, strong tenant demand driven by its central downtown location, and meaningful upside through future rent growth.Further enhancing the investment profile, the property benefits from exceptionally low real estate taxes, making this a rare combination of stabilized cash flow and long-term appreciation potential in a revitalizing urban core.A true turnkey, low-maintenance mixed-use asset in one of Scranton's most active and improving downtown corridors.

Home Facts

Multi-Family

14 Baths

18 Bedrooms

Built in 1910

Price Summary

3,499,995

$279 per Sq. Ft.

MLS #:

SC262949

Last Updated:

August 8, 2026, 03:23 PM

Added:

1 month(s) ago


Rooms & Interior

Bedrooms

Total Bedrooms:

18

Bathrooms

Total Bathrooms:

14

Full Bathrooms:

14

Interior

Living Area:

12,500 Sq. Ft.


Structure

Structure

Building Area:

12,500 Sq. Ft.

Year Built:

1910


Lot

Lot Size (Sq. Ft):


Finances & Disclosures

Finances

Price:

$3,499,995

Price per Sq. Ft:

$279 per Sq. Ft.

Source:PA GSBR
The information being provided by Greater Scranton Board Of REALTORS® Mls is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information is deemed reliable but not guaranteed and should therefore be independently verified. © 2026 Greater Scranton Board Of REALTORS® Mls All rights reserved.

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.