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522 524 River Street
Scranton PA 18505 US

$489,000

Active Listing ID PW-251537
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8 bed
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5.00 Bath (5 Full)
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Lot: 0.16 Acres
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Apartment

$489,000

Active Listing ID PW-251537
Save

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.

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Property Features

  • Facts
  • Lot Size: 0.16 Acres
  • Property Type: Commercial Sale
  • Property Sub-type: Apartment
  • Features
  • Full Bathrooms: 5
  • Cooling System: Ceiling Fan(s)
  • Exterior Finish: Balcony, Private Yard
  • Floor Covering: Vinyl
  • Heating Fuels: Baseboard, Electric (Heating)
  • Additional Features
  • Basement

Property

  • propertytype: Commercial Sale
  • propertysubtype: Apartment
  • listprice: 489000
  • unparsedaddress: 522 524 River Street
  • postalcity: Scranton
  • stateorprovince: PA
  • country: US
  • postalcode: 18505
  • bathroomsfull: 5
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 0.16
  • lotsizeunits: Acres
  • lotsizearea: 0.16
  • livingarea: 7200
  • livingareaunits: Square Feet
  • latitude: 41.400149
  • longitude: -75.66267
  • listagentfullname: Jeremy J Watson
  • listagentemail: jwatson@thesixpm.com
  • listagentkey: 3yd-PWARPA-tsonj
  • listagentmlsid: tsonj
  • listagentpreferredphone: 5703525162
  • listagentofficephone: 5703525162
  • listofficekey: 3yd-PWARPA-sixpm
  • listofficemlsid: sixpm
  • disclaimer: Copyright © 2025 Pike/Wayne Association 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.
  • sourcesystemid: PWARPA
  • yearbuilt: 1919
  • listingcontractdate: 2025-05-24
  • listagenturl: www.thesixpm.com
  • countyorparish: Lackawanna
  • parcelnumber: 15616040055
  • elementaryschooldistrict: Scranton School District
  • middleorjuniorschooldistrict: Scranton School District
  • highschooldistrict: Scranton School District
  • appliances: Electric Oven, Refrigerator, Microwave
  • cooling: Ceiling Fan(s)
  • flooring: Vinyl
  • heating: Baseboard, Electric (Heating)
  • numberofunitstotal: 5
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 3
  • parkingtotal: 0
  • parkingfeatures: Off Street, Alley, On Street
  • waterfrontyn: False
  • franchiseaffiliation: None
  • exteriorfeatures: Balcony, Private Yard
  • rooms: Bedroom 6, Bedroom 4, Bedroom 1, Bedroom 5, Bathroom 5, Bedroom 7, Bathroom 4, Bedroom 2, Basement, Bedroom 3, Bathroom 2, Bathroom 3, Bedroom 8, Bathroom 1
  • basement: Unfinished, Full
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
  • location: -75.66267, 41.40015
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"Park Place Real Estate", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "CustomSourceId":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"jwatson@thesixpm.com", "ListBrokerageCity":"Peckville", "ListBrokerageCountry":"US", "ListBrokerageEmail":null, "ListBrokerageLogoUrl":null, "ListBrokerageName":"Park Place Real Estate", "ListBrokeragePhone":"(570) 307-7275", "ListBrokeragePostalCode":null, "ListBrokerageStateOrProvince":"PA", "ListBrokerageUnitNumber":null, "ListBrokerageUnparsedAddress":"1310 Main St.", "ListBrokerageWebsiteUrl":"http://www.parkplacerealestate.info", "ListOfficeAddress1":"801 Court Street ", "ListOfficeAddress2":"", "ListOfficeBrokerMlsId":"sixpm", "ListOfficeCity":"Honesdale", "ListOfficeCountry":"USA", "ListOfficeEmail":"nostaw22@gmail.com", "ListOfficePostalCode":"18431", "ListOfficeStateOrProvince":"PA", "ListPriceCurrencyType":"USD", "ListingTitle":"COMMERCIAL - Scranton, PA", "ListingURL":null, "MLSModificationTimestamp":"2025-11-01 13:31:27", "Neighborhoods":[], "PostalCode":null, "RoomCount":null, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":7129, "TaxDescription":null, "TaxYear":"2024"}], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 12/18/2025 11:14:18 PM GMT
Source Updated Date: 12/20/2025 6:51:54 AM GMT

Courtesy of: Jeremy J Watson, SIX PM LLC, jwatson@thesixpm.com

Copyright © 2025 Pike/Wayne Association 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.