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
Price cut: $40K (7/2)
$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
- 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#: PW251537
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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
| 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: | ||
| 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 | -- | $21,500 |
Find assessor info on the county website
Monthly payment
Est. payment$--/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.
See how much you could borrow to make a competitive offer.
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: 1.3 mi
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.
- Pennsylvania
- Lackawanna County
- Scranton
- 18505
- Downtown
- 522 River St Unit 524






