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.
For sale
$449,000
522 River St #524, Scranton, PA 18505
8beds
7,200sqft
Apartment, Multi Family
Built in 1919
-- sqft lot
$-- Zestimate®
$62/sqft
$-- HOA
What's special
Large backyardFresh paintRemodeled bathroomsNew appliancesUpdated flooring
- 119 days
- 202
- 9
Zillow last checked:
Listing updated:
Listed by:
Jeremy J Watson 570-352-5162,
SIX PM LLC 570-352-5162
Source: PWAR as distributed by MLS GRID,MLS#: PW251537
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 5
- Full bathrooms: 5
Heating
- Baseboard, Electric
Cooling
- Ceiling Fan(s)
Appliances
- Included: Electric Oven, Refrigerator, Microwave
Features
- Flooring: Vinyl
- Basement: Full,Unfinished,Heated
Interior area
- Total structure area: 7,200
- Total interior livable area: 7,200 sqft
- Finished area above ground: 7,200
- Finished area below ground: 2,400
Property
Parking
- Parking features: Alley Access, Off Street, On Street
- Has uncovered spaces: Yes
Features
- Levels: Three Or More
- Stories: 3
- Exterior features: Private Yard
- Body of water: None
Lot
- Size: 6,969 Square Feet
- Dimensions: 45' x 157' x 45' x 157'
Details
- Parcel number: 15616040055
- Zoning: Residential
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Apartment, Multi Family
Condition
- Updated/Remodeled
- New construction: No
- Year built: 1919
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Deposit fee: $4,550
- Subdivision: None
HOA
- Has HOA: No
Location
- Region: Scranton
Financial & listing details
- Price per square foot: $62/sqft
- Tax assessed value: $316,265
- Annual tax amount: $7,129
- Date on market: 6/9/2026
- Cumulative days on market: 461 days
- Tenant pays: Electricity, Water, Other
- Income includes: Rent Only
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 7/2/2026 | Price change | $449,000-8.2%$62/sqft |
Source: | ||
| 6/9/2026 | Listed for sale | $489,000$68/sqft |
Source: | ||
| 5/1/2026 | Listing removed | $489,000$68/sqft |
Source: | ||
| 8/19/2025 | Price change | $489,000-2%$68/sqft |
Source: | ||
| 6/18/2025 | Price change | $499,000-3.9%$69/sqft |
Source: | ||
| 5/24/2025 | Listed for sale | $519,000+73%$72/sqft |
Source: | ||
| 8/19/2022 | Listing removed | -- |
Source: Berkshire Hathaway HomeServices Preferred Properties via Local MLS Report a problem | ||
| 6/29/2022 | Sold | $300,000+50.8%$42/sqft |
Source: Public Record Report a problem | ||
| 11/11/2021 | Pending sale | $199,000-12.3%$28/sqft |
Source: | ||
| 10/29/2021 | Price change | $227,000+14.1%$32/sqft |
Source: Berkshire Hathaway HomeServices Preferred Properties via Local MLS #21-3555 Report a problem | ||
| 10/27/2021 | Price change | $199,000-7.4%$28/sqft |
Source: | ||
| 9/9/2021 | Price change | $215,000-5.3%$30/sqft |
Source: GSBR as distributed by MLS GRID #21-3555 Report a problem | ||
| 8/11/2021 | Listed for sale | $227,000+57.2%$32/sqft |
Source: GSBR as distributed by MLS GRID #21-3555 Report a problem | ||
| 8/10/2020 | Sold | $144,442-20.9%$20/sqft |
Source: | ||
| 5/6/2013 | Sold | $182,500$25/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $7,129 +9.2% | $21,500 |
| 2024 | $6,529 | $21,500 |
| 2023 | $6,529 +127.6% | $21,500 |
| 2022 | $2,869 | $21,500 |
| 2021 | $2,869 -52.2% | $21,500 |
| 2020 | $6,002 +1.7% | $21,500 |
| 2018 | $5,903 +209.7% | $21,500 |
| 2017 | $1,906 | $21,500 |
| 2016 | -- | $21,500 |
| 2015 | -- | $21,500 |
| 2014 | $4,392 | $21,500 |
| 2013 | -- | $21,500 |
| 2012 | -- | $21,500 |
| 2011 | -- | $21,500 |
| 2010 | -- | $21,500 |
| 2009 | -- | $21,500 |
| 2008 | -- | $21,500 |
| 2007 | -- | $21,500 |
| 2006 | -- | $21,500 |
| 2005 | -- | $21,500 |
| 2004 | -- | $21,500 |
| 2003 | -- | $21,500 |
| 2002 | -- | $21,500 |
| 2000 | -- | $21,500 |
Find assessor info on the county website
Monthly payment
Est. payment






