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.
73 days
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225
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17
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Zillow last checked:
Listing updated:
Listed by:
Jeremy J Watson570-352-5162,
SIX PM LLC570-352-5162
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: 416 days
Tenant pays: Electricity, Water, Other
Income includes: Rent Only
Estimated market value
Zestimate®
Not available
Estimated sales range
Not available
Rent Zestimate®
$1,336/mo
Price history
Date
Event
Price
7/2/2026
Price change
$449,000-8.2%$62/sqft
Source: PWAR as distributed by MLS GRID #PW251537Report a problem
6/9/2026
Listed for sale
$489,000$68/sqft
Source: PWAR as distributed by MLS GRID #PW251537Report a problem
5/1/2026
Listing removed
$489,000$68/sqft
Source: PWAR as distributed by MLS GRID #PW251537Report a problem
8/19/2025
Price change
$489,000-2%$68/sqft
Source: PWAR as distributed by MLS GRID #PW251537Report a problem
6/18/2025
Price change
$499,000-3.9%$69/sqft
Source: PWAR as distributed by MLS GRID #PW251537Report a problem
5/24/2025
Listed for sale
$519,000+73%$72/sqft
Source: PWAR as distributed by MLS GRID #PW251537Report a problem
8/19/2022
Listing removed
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Source: Berkshire Hathaway HomeServices Preferred Properties via Local MLS Report a problem