For Sale321d on marketHistoric · 107 yrs
522 River St #524
Scranton, PA, 18505 • Downtown • Lackawanna County
$489,000
$68/sqft
-$10,000 since Aug 19, 2025
8Beds
5Baths
7,200Sqft
0.16 acLot
1919Built
Property DNA
Character Home
Built 1919 · 107 years of history
None
Downtown
This home is getting attention
Listed 321 days ago · 439 views · 22 saves
Market activity
Demand and pricing signals for this listing
439 views
People checking out this listing
22 saves
Buyers have saved this home
321 days on market
Established listing
$68/sqft
Price per square foot
Selling Soon Prediction
ModerateThis home ranks in the top 43% of listings most likely to go under contract soon, based on market activity and demand signals.
Likelihood score
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About this home
Multi Family · Built 1919 · Historic
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.
Standout features identified
Our analysis highlights large backyard, fresh paint, and modern kitchens as key attractions of this home.
Estimated monthly payment
Based on current rates
$3,017/month
Principal & Interest$2,365
Property Tax$489
Insurance$163
Down payment20% ($97,800)
3%50%
Est. 6.08% rate · 30yr fixed · $391,200 loan
Full calculator →At a glance
Key facts and listing details
TypeApartment, Multi Family
Year Built1919
HeatingBaseboard, Electric
CoolingCeiling Fan(s)
ParkingOpen Parking
Days on Zillow321 Days
Price/sqft$68
Property
Home typeMulti Family
Sub-typeApartment, Multi Family
ConditionUpdated/Remodeled
Year built1919
Stories3
Systems
HeatingBaseboard, Electric
CoolingCeiling Fan(s)
Water / SewerPublic / Public Sewer
Parking & Outdoor
ParkingAlley Access, Off Street, On Street
BasementFull,Unfinished,Heated
Lot6,969 sqft
Location & Tax
NeighborhoodDowntown
ZoningResidential
Annual tax$7,129
Parcel15616040055
Bathrooms & Fees
Full baths5
Features & details
6 categories of property features
Interior Features
Appliances
Electric Oven
Refrigerator
Microwave
Flooring
Vinyl
Heating
Baseboard
Electric
Cooling
Ceiling Fan(s)
Exterior Features
Exterior
Private Yard
Parking
Alley Access
Off Street
On Street
Listing insights
Market data and value estimates
StatusFor Sale
Days on market321
Est. rent$1,778/mo
Tax rate1.40%
Price/sqft$68
On marketMay 24, 2025
PostedMay 24, 2025
Last sold$300,000
MLS updatedNov 1, 2025
Tour days9
Views439
Favorites22
How are the schools in Scranton?
3 schools rated nearby
Location
Scranton, PA, 18505
Price history
11 events
DateEventPrice$/sqftSource
Aug 19, 2025Price Change$489,000$68PWAR as distributed by MLS GRID
Jun 18, 2025Price Change$499,000$69PWAR as distributed by MLS GRID
May 24, 2025Listed For Sale$519,000$72PWAR as distributed by MLS GRID
Jun 29, 2022Sold$300,000$42Public Record
Nov 11, 2021Pending Sale$199,000$28GSBR as distributed by MLS GRID
Oct 29, 2021Price Change$227,000$32Berkshire Hathaway HomeServices Preferred Properties via Local MLS
Oct 27, 2021Price Change$199,000$28GSBR as distributed by MLS GRID
Sep 9, 2021Price Change$215,000$30GSBR as distributed by MLS GRID
Aug 11, 2021Listed For Sale$227,000$32GSBR as distributed by MLS GRID
Aug 10, 2020Sold$144,442$20GSBR as distributed by MLS GRID
May 6, 2013Sold$182,500$25Public Record
Price Change$489,000
Aug 19, 2025•$68/sqft•PWAR as distributed by MLS GRID
Price Change$499,000
Jun 18, 2025•$69/sqft•PWAR as distributed by MLS GRID
Listed For Sale$519,000
May 24, 2025•$72/sqft•PWAR as distributed by MLS GRID
Sold$300,000
Jun 29, 2022•$42/sqft•Public Record
Pending Sale$199,000
Nov 11, 2021•$28/sqft•GSBR as distributed by MLS GRID
Price Change$227,000
Oct 29, 2021•$32/sqft•Berkshire Hathaway HomeServices Preferred Properties via Local MLS
Price Change$199,000
Oct 27, 2021•$28/sqft•GSBR as distributed by MLS GRID
Price Change$215,000
Sep 9, 2021•$30/sqft•GSBR as distributed by MLS GRID
Listed For Sale$227,000
Aug 11, 2021•$32/sqft•GSBR as distributed by MLS GRID
Sold$144,442
Aug 10, 2020•$20/sqft•GSBR as distributed by MLS GRID
Sold$182,500
May 6, 2013•$25/sqft•Public Record
Tax history
23 years of records
YearTax paidAssessed value
Apr 10, 2024$6,529$21,500
Apr 10, 2023$6,529$21,500
Apr 10, 2022$2,869$21,500
Apr 10, 2021$2,869$21,500
Apr 10, 2020$6,002$21,500
Apr 10, 2018$5,903$21,500
Apr 10, 2017$1,906$21,500
Apr 10, 2016—$21,500
Apr 10, 2015—$21,500
Apr 10, 2014$4,392$21,500
Apr 10, 2013—$21,500
Apr 10, 2012—$21,500
Apr 10, 2011—$21,500
Apr 10, 2010—$21,500
Apr 10, 2009—$21,500
Apr 10, 2008—$21,500
Apr 10, 2007—$21,500
Apr 10, 2006—$21,500
Apr 10, 2005—$21,500
Apr 10, 2004—$21,500
Apr 10, 2003—$21,500
Apr 10, 2002—$21,500
Apr 10, 2000—$21,500
Nearby homes
Neighborhood details
Local context around this listing
Scranton, PA • Lackawanna County
Nearby neighborhoods
DowntownEast MountainGreen RidgeHill SectionHyde ParkMinookaPinebrookProvidenceSouth SideWest Mountain
Nearby cities
ArchbaldCarbondaleClarks SummitDaltonJermynLake ArielMoscowOld Forge
Nearby zip codes
18434185041850518507185081850918510185121851418522
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Based on information submitted to the MLS GRID as of 2026-04-10 09:07:47 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#232)
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