Skip main navigation
For sale
  • Price cut: $40K (7/2)
    $449,000

    522 River St #524, Scranton, PA 18505

    8beds
    7,200sqft
    : 
    Loading
    Get pre-qualified
    Apartment, Multi Family
    Built in 1919
    -- sqft lot
    $-- Zestimate®
    $62/sqft
    $-- HOA

    What's special

    Large backyardFresh paintRemodeled bathroomsNew appliancesUpdated flooring
    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.
    27 days
    |
    442
    |
    28
    |

    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#: PW251537MLS Logo

    Loading...

      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: 370 days
      • Tenant pays: Electricity, Water, Other
      • Income includes: Rent Only

        Estimated market value

        Not available

        Estimated sales range

        Not available

        $1,457/mo

        Price history

        DateEventPrice
        7/2/2026Price change$449,000-8.2%$62/sqft
        Source: PWAR as distributed by MLS GRID #PW251537 Report a problem
        6/9/2026Listed for sale$489,000$68/sqft
        Source: PWAR as distributed by MLS GRID #PW251537 Report a problem
        5/1/2026Listing removed$489,000$68/sqft
        Source: PWAR as distributed by MLS GRID #PW251537 Report a problem
        8/19/2025Price change$489,000-2%$68/sqft
        Source: PWAR as distributed by MLS GRID #PW251537 Report a problem
        6/18/2025Price change$499,000-3.9%$69/sqft
        Source: PWAR as distributed by MLS GRID #PW251537 Report a problem
        5/24/2025Listed for sale$519,000+73%$72/sqft
        Source: PWAR as distributed by MLS GRID #PW251537 Report a problem
        6/29/2022Sold$300,000+50.8%$42/sqft
        Source: Public Record Report a problem
        11/11/2021Pending sale$199,000-12.3%$28/sqft
        Source: GSBR as distributed by MLS GRID #21-3555 Report a problem
        10/29/2021Price change$227,000+14.1%$32/sqft
        Source: Berkshire Hathaway HomeServices Preferred Properties via Local MLS #21-3555 Report a problem
        10/27/2021Price change$199,000-7.4%$28/sqft
        Source: GSBR as distributed by MLS GRID #21-3555 Report a problem
        9/9/2021Price change$215,000-5.3%$30/sqft
        Source: GSBR as distributed by MLS GRID #21-3555 Report a problem
        8/11/2021Listed for sale$227,000+57.2%$32/sqft
        Source: GSBR as distributed by MLS GRID #21-3555 Report a problem
        8/10/2020Sold$144,442-20.9%$20/sqft
        Source: GSBR as distributed by MLS GRID #194705 Report a problem
        5/6/2013Sold$182,500$25/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax 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

        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.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: Downtown

        Getting around

        84 / 100
        Very Walkable
        50 / 100
        Bikeable

        Nearby schools

        GreatSchools rating

        A local agent can set up tours, give advice and negotiate with sellers.

        A local lender can help you make sure your offer is ready when you are.

        Browse local experts

        Similar homes

        Skip to the end of the carouselSkip to the beginning of the carousel