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522 524 River Street, 
Scranton, PA 18505

$499,000


8

Beds


5

Baths


7,200

Sq Ft


Multi-Family

Active

Listed by

Jeremy J Watson

Six Pm LLC.

570-352-5162

Last updated:

June 18, 2025, 03:29 PM

MLS#

PW251537

Source:

PA PWAR

About This Home

522 524 River Street

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.

Home Facts

Multi-Family

5 Baths

8 Bedrooms

Built in 1919

Price Summary

499,000

$69 per Sq. Ft.

MLS #:

PW251537

Last Updated:

June 18, 2025, 03:29 PM

Added:

a month ago


Rooms & Interior

Bedrooms

Total Bedrooms:

8

Bathrooms

Total Bathrooms:

5

Full Bathrooms:

5

Interior

Living Area:

7,200 Sq. Ft.


Structure

Structure

Building Area:

7,200 Sq. Ft.

Year Built:

1919


Finances & Disclosures

Finances

Price:

$499,000

Price per Sq. Ft:

$69 per Sq. Ft.

Source:PA PWAR
The information being provided by Pike Wayne Board of Realtors 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. © 2025 Pike Wayne Board of Realtors All rights reserved.

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