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521-523 Cedar Avenue, 
Scranton, PA 18505

$399,900


8

Beds


5

Baths


5,262

Sq Ft


Multi-Family

Active

Listed by

Lynn Zimmerman

Kingsway Realty

717-569-8701

Last updated:

October 31, 2026, 08:36 PM

MLS#

SC265463

Source:

PA GSBR

About This Home

521-523 Cedar Avenue

Presenting a rare 5-unit multi-family income property situated on a desirable Scranton street, blending two first-floor commercial units with three residential apartments in one well-positioned building. The property is surrounded by a healthy mix of established businesses and residences, creating an attractive, high-visibility area with steady foot and vehicle traffic. Unit A is currently leased at $795 per month on a 12-month lease, providing immediate income from day one. Unit B has been newly remodeled and is turnkey-ready for the market, while Unit C was recently updated in 2025 and shows well throughout. Units D and E are also vacant, offering the incoming owner a clear value-add path to stabilize the building. Once fully leased, the property should generate upwards of nearly $4,000 per month in gross rents. The seller has already made meaningful capital improvements, including a new roof over the sections of the building covering the residential area, along with exterior trim, gutter, and fascia repairs. With income in place, updated space ready to lease, and major capital work already handled, this is a strong opportunity for an investor seeking cash flow and upside in one package.

Home Facts

Multi-Family

5 Baths

8 Bedrooms

Built in 1930

Price Summary

399,900

$75 per Sq. Ft.

MLS #:

SC265463

Last Updated:

October 31, 2026, 08:36 PM

Added:

3 day(s) ago


Rooms & Interior

Bedrooms

Total Bedrooms:

8

Bathrooms

Total Bathrooms:

5

Full Bathrooms:

3

Interior

Living Area:

5,262 Sq. Ft.


Structure

Structure

Building Area:

5,262 Sq. Ft.

Year Built:

1930


Lot

Lot Size (Sq. Ft):


Finances & Disclosures

Finances

Price:

$399,900

Price per Sq. Ft:

$75 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.