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521-523 Cedar Avenue, Scranton, PA 18505

Scranton
Local realty services provided by:CENTURY 21 Jack Ruddy Real Estate
521-523 Cedar Avenue,Scranton, PA 18505
$399,900
  • 8 Beds
  • 5 Baths
  • 5,262 sq. ft.
  • Multi-family
  • Active
Listed by: lynn zimmerman
Office: kingsway realty
MLS#:SC265463
Source:PA_GSBR

Price summary

  • Price:$399,900
  • Price per sq. ft.:$76

About this home

Presenting a rare 5-unit multi-family income property situated on a desirable Scranton street, blending two first-floor commercial units with three residential apartments in one well-positioned building. The property is surrounded by a healthy mix of established businesses and residences, creating an attractive, high-visibility area with steady foot and vehicle traffic. Unit A is currently leased at $795 per month on a 12-month lease, providing immediate income from day one. Unit B has been newly remodeled and is turnkey-ready for the market, while Unit C was recently updated in 2025 and shows well throughout. Units D and E are also vacant, offering the incoming owner a clear value-add path to stabilize the building. Once fully leased, the property should generate upwards of nearly $4,000 per month in gross rents. The seller has already made meaningful capital improvements, including a new roof over the sections of the building covering the residential area, along with exterior trim,...

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Home facts

  • Year built:1930
  • Listing ID #:SC265463
  • Added:1 day(s) ago
  • Updated:October 30, 2026 at 04:42 PM

Rooms and interior

  • Bedrooms:8
  • Total bathrooms:5
  • Full bathrooms:3
  • Half bathrooms:2
  • Kitchen Description:Range, Refrigerator
  • Basement:Yes
  • Basement Description:Full
  • Living area:5,262 sq. ft.

Heating and cooling

  • Heating:Electric, Natural Gas

Structure and exterior

  • Roof:Rubber
  • Year built:1930
  • Building area:5,262 sq. ft.
  • Lot area:141 Acres

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$399,900
  • Price per sq. ft.:$76

Features and amenities

  • Appliances:Range, Refrigerator

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