Excellent investment opportunity in Scranton! This well-maintained duplex generates approximately 34,000 in annual gross rental income, with all utilities separately metered to help keep ownership expenses low. With strong in-place rents and an attractive 10-percent+ cap rate, this property offers immediate cash flow from day one.Both units feature newer heating systems, hot water heaters, and updated electrical, helping reduce near-term capital expenses. Long-term tenants are already in place, making this a turnkey opportunity for both experienced investors and those looking to expand their portfolio.A solid income-producing asset with strong returns and low-maintenance appeal. Don't miss this opportunity!Showings to be Monday 8/17 open house style from 5-6pm. (former 12PM open house is cancelled)
For sale
$275,000
538 River St APT 540, Scranton, PA 18505
5beds
1,900sqft
Multi Family
Built in 1920
-- sqft lot
$-- Zestimate®
$145/sqft
$-- HOA
What's special
Updated electricalNewer heating systemsHot water heaters
- 3 days |
- 716 |
- 71 |
Zillow last checked:
Listing updated:
Listed by:
Kate Daye Ruane,
Revolve Real Estate 570-800-6861
Source: GSBR as distributed by MLS GRID,MLS#: SC264017
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
Features
- Basement: Unfinished
Interior area
- Total structure area: 1,900
- Total interior livable area: 1,900 sqft
- Finished area above ground: 1,900
- Finished area below ground: 0
Property
Features
- Stories: 2
Lot
- Size: 3,920 Square Feet
- Dimensions: 85 x 45
Details
- Parcel number: 15668010001
- Zoning: R
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Condition
- New construction: No
- Year built: 1920
Community & HOA
Location
- Region: Scranton
Financial & listing details
- Price per square foot: $145/sqft
- Tax assessed value: $161,810
- Annual tax amount: $3,941
- Date on market: 8/15/2026
- Cumulative days on market: 5 days
Estimated market value
Not available
Estimated sales range
Not available
$1,229/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/15/2026 | Listed for sale | $275,000+3.8%$145/sqft |
Source:  GSBR as distributed by MLS GRID #SC264017 Report a problem | ||
| 5/23/2025 | Sold | $265,000+10.4%$139/sqft |
Source: GSBR as distributed by MLS GRID #SC251643 Report a problem | ||
| 4/22/2025 | Pending sale | $239,995$126/sqft |
Source: GSBR as distributed by MLS GRID #SC251643 Report a problem | ||
| 4/14/2025 | Listed for sale | $239,995+45.5%$126/sqft |
Source: GSBR as distributed by MLS GRID #SC251643 Report a problem | ||
| 11/29/2022 | Sold | $165,000-2.9%$87/sqft |
Source: GSBR as distributed by MLS GRID #22735 Report a problem | ||
| 10/13/2022 | Pending sale | $169,900$89/sqft |
Source: GSBR as distributed by MLS GRID #22-735 Report a problem | ||
| 7/25/2022 | Listed for sale | $169,900$89/sqft |
Source: GSBR as distributed by MLS GRID #22-735 Report a problem | ||
| 6/14/2022 | Pending sale | $169,900$89/sqft |
Source: GSBR as distributed by MLS GRID #22-735 Report a problem | ||
| 3/28/2022 | Listed for sale | $169,900$89/sqft |
Source: GSBR as distributed by MLS GRID #22-735 Report a problem | ||
| 3/17/2022 | Pending sale | $169,900$89/sqft |
Source: GSBR as distributed by MLS GRID #22-735 Report a problem | ||
| 3/5/2022 | Listed for sale | $169,900+299.8%$89/sqft |
Source: GSBR as distributed by MLS GRID #22-735 Report a problem | ||
| 5/17/2013 | Sold | $42,500$22/sqft |
Source: GSBR as distributed by MLS GRID #121057 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,942 +8.6% | $11,000 |
| 2024 | $3,629 | $11,000 |
| 2023 | $3,629 +76.1% | $11,000 |
| 2022 | $2,060 | $11,000 |
| 2021 | $2,060 -38.4% | $11,000 |
| 2020 | $3,343 +1.5% | $11,000 |
| 2018 | $3,292 +163.9% | $11,000 |
| 2017 | $1,248 | $11,000 |
| 2016 | -- | $11,000 |
| 2015 | -- | $11,000 |
| 2014 | $2,505 | $11,000 |
| 2013 | -- | $11,000 |
| 2012 | -- | $11,000 |
| 2011 | -- | $11,000 |
| 2010 | -- | $11,000 |
| 2009 | -- | $11,000 |
| 2008 | -- | $11,000 |
| 2007 | -- | $11,000 |
| 2006 | -- | $11,000 |
| 2005 | -- | $11,000 |
| 2004 | -- | $11,000 |
| 2003 | -- | $11,000 |
| 2002 | -- | $11,000 |
| 2000 | -- | $11,000 |
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.Climate risks
Neighborhood: Downtown
Nearby schools
GreatSchools rating
- 6/10John G Whittier #2Grades: K-4Distance: 0.2 mi
- 4/10South Scranton Intermediate SchoolGrades: 5-8Distance: 0.5 mi
- 5/10Scranton High SchoolGrades: 7-12Distance: 1.3 mi
- $--2 bd1 ba900 sqft538 River St, Scranton, PA 18505Off Market
- $9,0005 bd2 ba-- sqft406 Prospect Ave #L-22, Scranton, PA 18505Off Market
- $154,900-- bd-- ba-- sqft404 Prospect Ave, Scranton, PA 18505Off Market
- $131,6002 bd1 ba700 sqft402 Prospect Ave, Scranton, PA 18505Off Market
- $10,0004 bd2 ba2.1k sqft412 Prospect Ave #L-23, Scranton, PA 18505Off Market
- $146,6003 bd1 ba1.4k sqft532 River St, Scranton, PA 18505Off Market
- $--3 bd2 ba1.1k sqft540 River St, Scranton, PA 18505Off Market
- $170,000-- bd-- ba-- sqft537 River St #539, Scranton, PA 18505Off Market
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.
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