# 522 524 River Street, Scranton, PA 18505

> **TL;DR:** 8bd/5ba commercial, $489,000 ($68/sqft), built 1919, 7,200 sqft.
> A/C. Est. $2,119/mo. Listed 321 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $489,000 |
| Price/sqft | $68 |
| Bedrooms | 8 |
| Bathrooms | 5 full |
| Square Feet | 7,200 |
| Year Built | 1919 |
| Lot Size | 6,970 sqft (0.16 acres) |
| Stories | 3 |
| Property Type | Commercial (Apartment) |
| Status | For Sale |
| Days on Market | 321 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $2,119 |
| **Total** | **$2,119** |

## Key Amenities

- A/C

## Property Highlights

- Built in 1919
- 0.16 acre lot
- 3 stories

## Description

### Agent Description
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.

## Location

- **Address:** 522 524 River Street, Scranton, PA 18505
- **County:** Lackawanna
- **Coordinates:** 41.400149, -75.66267
- **Google Maps:** https://www.google.com/maps?q=41.400149,-75.66267

## Listing Agent

- **Name:** Jeremy J Watson
- **Brokerage:** SIX PM LLC
- **Phone:** 5703525162
- **Email:** jwatson@thesixpm.com

## Primary Photo

![522 524 River Street - Primary Photo](http://lh.rdcpix.com/7d3163cfd5b3749221cd2a584ce52303l-f63244806r.jpg)

*31 total photos available on [listing page](https://www.propertysimple.com/listing/522-524-river-street-scranton-pa-18505-w251537)*

---

**MLS#:** PW-251537 | **Updated:** 2026-04-24
**Source:** listhub

*Copyright © 2026 Pike/Wayne Association of Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/522-524-river-street-scranton-pa-18505-w251537)

---

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