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Sold for $380,000
  • $380,000

    518 Prospect Ave, Scranton, PA 18505

    6beds
    4,080sqft
    Multi Family, Triplex
    Built in 1940
    -- sqft lot
    $-- Zestimate®
    $93/sqft
    $1,472 Estimated rent

    Home value

    Not available

    Estimated sales range

    Not available

    $1,472/mo

    Zestimate® history
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    What's special

    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.

    Zillow last checked:

    Listing updated:

    Listed by:

    The Adriana Jez Team,

    EXP Realty LLC

    Bought with:

    Massiell Rivas-Lopez, RS376998

    EXP Realty LLC

    Source: GSBR as distributed by MLS GRID,MLS#: SC262204MLS Logo

    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: $93/sqft
    • Tax assessed value: $16,000
    • Annual tax amount: $5,305
    • Date on market: 5/15/2026
    • Cumulative days on market: 10 days

    Price history

    DateEventPrice
    7/31/2026Sold$380,000+4.1%$93/sqft
    Source: GSBR as distributed by MLS GRID #SC262204 Report a problem
    5/26/2026Pending sale$365,000$89/sqft
    Source: GSBR as distributed by MLS GRID #SC262204 Report a problem
    5/15/2026Listed for sale$365,000+9.9%$89/sqft
    Source: GSBR as distributed by MLS GRID #SC262204 Report a problem
    8/21/2025Sold$332,000-4.9%$81/sqft
    Source: GSBR as distributed by MLS GRID #SC252571 Report a problem
    6/20/2025Pending sale$349,000$86/sqft
    Source: GSBR as distributed by MLS GRID #SC252571 Report a problem
    5/29/2025Listed for sale$349,000+118.1%$86/sqft
    Source: GSBR as distributed by MLS GRID #SC252571 Report a problem
    9/11/2019Sold$160,000$39/sqft
    Source: Public Record Report a problem
    4/10/2016Listing removed$565
    Source: Clarks Summit - WEICHERT, REALTORS - Hibble and Associates #16-1073 Report a problem
    3/11/2016Listed for rent$565+2.7%
    Source: Clarks Summit - WEICHERT, REALTORS - Hibble and Associates #16-1073 Report a problem
    6/17/2015Listing removed$550
    Source: Clarks Summit - WEICHERT, REALTORS - Hibble and Associates #15-2176 Report a problem
    5/17/2015Listed for rent$550-24.1%
    Source: Clarks Summit - WEICHERT, REALTORS - Hibble and Associates #15-2176 Report a problem
    3/2/2015Listing removed$725
    Source: Clarks Summit - WEICHERT, REALTORS - Hibble and Associates #14-5963 Report a problem
    12/20/2014Listed for rent$725
    Source: Weichert Realtors Hibble & Associates #14-5963 Report a problem
    6/6/2013Listing removed$725+38.1%
    Source: Clarks Summit - WEICHERT, REALTORS - Hibble and Associates #12-4472 Report a problem
    4/9/2013Price change$525-27.6%
    Source: Clarks Summit - WEICHERT, REALTORS - Hibble and Associates #12-4472 Report a problem
    1/29/2013Price change$725-3.3%
    Source: Clarks Summit - WEICHERT, REALTORS - Hibble and Associates #12-4472 Report a problem
    1/9/2013Price change$750+3.4%
    Source: Clarks Summit - WEICHERT, REALTORS - Hibble and Associates #13-62 Report a problem
    9/28/2012Listed for rent$725+38.1%
    Source: Weichert Realtors Hibble and Associates #12-4472 Report a problem
    2/26/2012Listing removed$525
    Source: Weichert Realtors #12-409 Report a problem
    2/4/2012Listed for rent$525-16%
    Source: Weichert Realtors Hibble and Associates #12-409 Report a problem
    8/28/2011Listing removed$625
    Source: Weichert Realtors #11-3435 Report a problem
    7/16/2011Listed for rent$625+19%
    Source: Weichert Realtors Hibble and Associates #11-3435 Report a problem
    4/8/2011Listing removed$525
    Source: Weichert Realtors #10-6392 Report a problem
    2/5/2011Listed for rent$525
    Source: Listhub #10-6392 Report a problem

    Public tax history

    YearProperty taxesTax 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

    Neighborhood: Downtown

    Nearby schools

    GreatSchools rating
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