Excellent investment opportunity in Scranton featuring a well-maintained 3-unit property with strong income potential. Unit 1 offers 3 bedrooms and 1 full bathroom and truly feels more like a home than an apartment. The unit features an updated kitchen with granite countertops and quality cabinetry, along with a bathroom that includes a whirlpool tub and separate shower. It also offers access to a private and spacious backyard that could easily be transformed into a beautiful garden or relaxing outdoor space. This unit will be vacant at closing, making it perfect for an owner-occupant or new tenant. Unit 2 features a comfortable 2 bedroom, 1 bath layout, while Unit 3 offers 1 bedroom, 1 bathroom, new flooring throughout, and a large walk-in closet. Major updates include a newer roof installed in 2021 and one furnace replaced in 2021, helping reduce future maintenance concerns. All tenants are currently on month-to-month leases.Conveniently located near shopping, restaurants, and major highways, this property is a great opportunity for investors or anyone looking to live in one unit while generating rental income from the others.
Pending
$365,000
518 Prospect Ave, Scranton, PA 18505
6beds
4,080sqft
Multi Family, Triplex
Built in 1940
-- sqft lot
$-- Zestimate®
$89/sqft
$-- HOA
What's special
- 50 days |
- 30 |
- 1 |
Zillow last checked:
Listing updated:
Listed by:
The Adriana Jez Team,
EXP Realty LLC 888-397-7352
Source: GSBR as distributed by MLS GRID,MLS#: SC262204
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 3
- Full bathrooms: 3
Appliances
- Included: Gas Range, Washer/Dryer, Refrigerator
Features
- Basement: Concrete
Interior area
- Total structure area: 4,080
- Total interior livable area: 4,080 sqft
- Finished area above ground: 4,080
- Finished area below ground: 0
Property
Features
- Stories: 3
Lot
- Size: 5,662 Square Feet
- Dimensions: 40 x 140
Details
- Parcel number: 15616040019
- Zoning: R
- Zoning description: Multi-Family
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Traditional
- Property subtype: Multi Family, Triplex
Condition
- New construction: No
- Year built: 1940
Utilities & green energy
- Electric: 200+ Amp Service
Community & HOA
Location
- Region: Scranton
Financial & listing details
- Price per square foot: $89/sqft
- Tax assessed value: $16,000
- Annual tax amount: $5,305
- Date on market: 5/15/2026
- Cumulative days on market: 32 days
Estimated market value
Not available
Estimated sales range
Not available
$1,946/mo
Price history
| Date | Event | Price |
|---|---|---|
| 5/26/2026 | Pending sale | $365,000$89/sqft |
Source:  GSBR as distributed by MLS GRID #SC262204 Report a problem | ||
| 5/15/2026 | Listed for sale | $365,000+9.9%$89/sqft |
Source: GSBR as distributed by MLS GRID #SC262204 Report a problem | ||
| 8/21/2025 | Sold | $332,000-4.9%$81/sqft |
Source: GSBR as distributed by MLS GRID #SC252571 Report a problem | ||
| 6/20/2025 | Pending sale | $349,000$86/sqft |
Source: GSBR as distributed by MLS GRID #SC252571 Report a problem | ||
| 5/29/2025 | Listed for sale | $349,000+118.1%$86/sqft |
Source: GSBR as distributed by MLS GRID #SC252571 Report a problem | ||
| 9/11/2019 | Sold | $160,000$39/sqft |
Source: Public Record Report a problem | ||
| 4/10/2016 | Listing removed | $565 |
Source: Clarks Summit - WEICHERT, REALTORS - Hibble and Associates #16-1073 Report a problem | ||
| 3/11/2016 | Listed for rent | $565+2.7% |
Source: Clarks Summit - WEICHERT, REALTORS - Hibble and Associates #16-1073 Report a problem | ||
| 6/17/2015 | Listing removed | $550 |
Source: Clarks Summit - WEICHERT, REALTORS - Hibble and Associates #15-2176 Report a problem | ||
| 5/17/2015 | Listed for rent | $550-24.1% |
Source: Clarks Summit - WEICHERT, REALTORS - Hibble and Associates #15-2176 Report a problem | ||
| 3/2/2015 | Listing removed | $725 |
Source: Clarks Summit - WEICHERT, REALTORS - Hibble and Associates #14-5963 Report a problem | ||
| 12/20/2014 | Listed for rent | $725 |
Source: Weichert Realtors Hibble & Associates #14-5963 Report a problem | ||
| 6/6/2013 | Listing removed | $725+38.1% |
Source: Clarks Summit - WEICHERT, REALTORS - Hibble and Associates #12-4472 Report a problem | ||
| 4/9/2013 | Price change | $525-27.6% |
Source: Clarks Summit - WEICHERT, REALTORS - Hibble and Associates #12-4472 Report a problem | ||
| 1/29/2013 | Price change | $725-3.3% |
Source: Clarks Summit - WEICHERT, REALTORS - Hibble and Associates #12-4472 Report a problem | ||
| 1/9/2013 | Price change | $750+3.4% |
Source: Clarks Summit - WEICHERT, REALTORS - Hibble and Associates #13-62 Report a problem | ||
| 9/28/2012 | Listed for rent | $725+38.1% |
Source: Weichert Realtors Hibble and Associates #12-4472 Report a problem | ||
| 2/26/2012 | Listing removed | $525 |
Source: Weichert Realtors #12-409 Report a problem | ||
| 2/4/2012 | Listed for rent | $525-16% |
Source: Weichert Realtors Hibble and Associates #12-409 Report a problem | ||
| 8/28/2011 | Listing removed | $625 |
Source: Weichert Realtors #11-3435 Report a problem | ||
| 7/16/2011 | Listed for rent | $625+19% |
Source: Weichert Realtors Hibble and Associates #11-3435 Report a problem | ||
| 4/8/2011 | Listing removed | $525 |
Source: Weichert Realtors #10-6392 Report a problem | ||
| 2/5/2011 | Listed for rent | $525 |
Source: Listhub #10-6392 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $5,306 +9.2% | $16,000 |
| 2024 | $4,859 | $16,000 |
| 2023 | $4,859 +127.6% | $16,000 |
| 2022 | $2,135 | $16,000 |
| 2021 | $2,135 -52.2% | $16,000 |
| 2020 | $4,467 +1.7% | $16,000 |
| 2018 | $4,393 +209.7% | $16,000 |
| 2017 | $1,419 | $16,000 |
| 2016 | -- | $16,000 |
| 2015 | -- | $16,000 |
| 2014 | $2,940 | $16,000 |
| 2013 | -- | $16,000 |
| 2012 | -- | $16,000 |
| 2011 | -- | $16,000 |
| 2010 | -- | $16,000 |
| 2009 | -- | $16,000 |
| 2008 | -- | $16,000 |
| 2007 | -- | $16,000 |
| 2006 | -- | $16,000 |
| 2005 | -- | $16,000 |
| 2004 | -- | $16,000 |
| 2003 | -- | $16,000 |
| 2002 | -- | $16,000 |
| 2000 | -- | $16,000 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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Climate risks
Neighborhood: Downtown
Nearby schools
GreatSchools rating
- 6/10John G Whittier #2Grades: K-4Distance: 0.3 mi
- 4/10South Scranton Intermediate SchoolGrades: 5-8Distance: 0.4 mi
- 5/10Scranton High SchoolGrades: 7-12Distance: 1.4 mi
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- Pennsylvania
- Lackawanna County
- Scranton
- 18505
- Downtown
- 518 Prospect Ave
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Nearby neighborhoods
Nearby zip codes
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