GROUP SHOWING CANCELLEDOFFERING $10,000 SELLERS ASSIST! Calling all Investors! Explore this profitable three-unit property in South Side Scranton. All units are presently rented, ensuring immediate income generation. Rental rates are currently below market value, and tenants are on month-to-month leases. With potential for increased rental values, this investment promises a solid return. The property features a newer hot water heater from 2021 and a newer furnace. Each unit has separate electric. Convenient location, close to downtown, the University of Scranton, and hospitals. Priced competitively for a quick sale. Being sold AS-IS.
Sold for $185,000
$185,000
701 Prospect Ave, Scranton, PA 18505
8beds
2,400sqft
Multi Family
Built in 1930
-- sqft lot
$-- Zestimate®
$77/sqft
$1,432 Estimated rent
Home value
Not available
Estimated sales range
Not available
$1,432/mo
Zestimate® history
Owner options
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$1,432/mo
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$1,270/mo
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List your homeWhat's special
Close to downtownNewer hot water heaterNewer furnace
Zillow last checked:
Listing updated:
Listed by:
Alyssa Mackiw,
EXP Realty LLC
Bought with:
Beth Versace, RS350093
LUXE Homes Real Estate LLC
Source: GSBR as distributed by MLS GRID,MLS#: SC563
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Natural Gas
Features
- Basement: Full
Interior area
- Total structure area: 2,400
- Total interior livable area: 2,400 sqft
- Finished area above ground: 2,400
- Finished area below ground: 0
Property
Features
- Stories: 3
Lot
- Size: 3,920 sqft
- Dimensions: 50 x 80
Details
- Parcel number: 15620020034
- Zoning: R2
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Condition
- New construction: No
- Year built: 1930
Community & neighborhood
Location
- Region: Scranton
Price history
| Date | Event | Price |
|---|---|---|
| 2/1/2024 | Sold | $185,000$77/sqft |
Source:  GSBR as distributed by MLS GRID #SC563 Report a problem | ||
| 1/16/2024 | Pending sale | $185,000$77/sqft |
Source: GSBR as distributed by MLS GRID #SC563 Report a problem | ||
| 1/8/2024 | Listed for sale | $185,000+117.6%$77/sqft |
Source: GSBR as distributed by MLS GRID #SC563 Report a problem | ||
| 10/16/2020 | Sold | $85,000-10.5%$35/sqft |
Source: GSBR as distributed by MLS GRID #191018 Report a problem | ||
| 7/20/2020 | Price change | $95,000-20.8%$40/sqft |
Source: ERA One Source Realty #19-1018 Report a problem | ||
| 2/16/2020 | Listed for sale | $120,000$50/sqft |
Source: ERA One Source Realty #19-1018 Report a problem | ||
| 2/16/2020 | Pending sale | $120,000$50/sqft |
Source: ERA One Source Realty #19-1018 Report a problem | ||
| 3/14/2019 | Listed for sale | $120,000$50/sqft |
Source: ERA One Source Realty #19-1018 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $4,077 +8.8% | $11,600 |
| 2024 | $3,749 | $11,600 |
| 2023 | $3,749 +86.3% | $11,600 |
| 2022 | $2,012 | $11,600 |
| 2021 | $2,012 -41.7% | $11,600 |
| 2020 | $3,452 +1.6% | $11,600 |
| 2018 | $3,398 +173.7% | $11,600 |
| 2017 | $1,242 | $11,600 |
| 2016 | -- | $11,600 |
| 2015 | -- | $11,600 |
Find assessor info on the county website
Neighborhood: The Flats
Nearby schools
GreatSchools rating
- 4/10South Scranton Intermediate SchoolGrades: 5-8Distance: 0.3 mi
- 5/10Scranton High SchoolGrades: 7-12Distance: 1.5 mi
- 6/10John G Whittier #2Grades: K-4Distance: 0.4 mi
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- Pennsylvania
- Lackawanna County
- Scranton
- 18505
- The Flats
- 701 Prospect Ave
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