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401 Prospect Avenue, Scranton, PA 18505

$449,000
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Property Type: Residential Income Square Footage: 3,900 Status: Closed
Current Price: $449,000 List Date: 8/15/2024 Last Modified: 5/18/2026

Overview

Description

This turnkey fully updated and ready for tenants is a total of 5-units in South Scranton with new paint, carpeting, all new appliances. Four 1 bedroom and 1 full baths. First floor unit is a 2 bedroom and 2 bath. All units pay their own electric. Landlord pays gas heat, water, sewer and garbage.

Listing Details MLS# 24-3119

Location, Tax & Legal

House # (1)
401
Street Name
Prospect
Street Suffix
Avenue
City (Post Office)
Scranton
State/Province
PA
Zip Code
18505
County
Lackawanna
MLS Area
Misc Out of County
School District
Scranton
Municipality
Scranton City
Develop/Subdivision
None
Zoning
Multi-Family
PIN #
15668 010 004
DB/Record Book
2021-21976
Page
0000
Total County Assmnt
9500
Est County Tax
607.24
Est Total Tax
3069.53
Tax Year
2023

Listing Information

Limited Service
No

Property Information

Property Sub Type
Multi Family
Realtor.COM Type
Multi-Family
Style
3 or More Units
Aprx Total SF
3900
Year Built
1920
Est Age Range
100 Plus Yrs
Garage Type
None
Garage Stalls
No

Remarks Directions

Directions
Corner of River Street and Prospect Avenue

Status Change Information

Under Contract Date
2024-08-15
Sold Date
2024-08-23

Expenses

Annual Gross Income
42420
Annual Electric Exp
4800
Annual Gas Exp
4800
Annual Water Exp
6000
Annual Real Est Tax
3962
Annual Fire/Liabilty
2400
Total Annl Expenses
18000
Anl Net Inc b/4 Debt
24420
Annual Othr Fuel Exp
0
Annual Sewer Exp
0
Annual Flood Ins
0
Annual Lawn Maint.
0
Annual Snow Removal
0
Annual Other Misc
0

More Information

Unit 1 Info

Unit #
Yes
Approx SF
650
# Rooms
3
# Bedrooms
Yes
Kitchen Style
Semi-Modern
# Baths
Yes
Lease
Y
Heat in Rent
Y
Hot Water in Rent
Y
Electric in Rent
N
Water in Rent
Y
Sewer in Rent
Y
Monthly Rent
0

Unit 2 Info

Unit #
2
Approx SF
650
# Rooms
3
# Bedrooms
Yes
Kitchen Style
Semi-Modern
# Baths
Yes
Lease
Y
Heat in Rent
Y
Hot Water in Rent
Y
Electric in Rent
N
Water in Rent
Y
Sewer in Rent
Y
Monthly Rent
0

Unit 3 Info

Unit #
3
Approx SF
650
# Rooms
3
# Bedrooms
Yes
Kitchen Style
Semi-Modern
# Baths
Yes
Lease
Y
Heat in Rent
Y
Hot Water in Rent
Y
Electric in Rent
N
Water in Rent
Y
Sewer in Rent
Y
Monthly Rent
0

Unit 4 Info

Unit #
4
Approx SF
650
# Rooms
4
# Bedrooms
Yes
Kitchen Style
Semi-Modern
# Baths
Yes
Lease
Y
Heat in Rent
Y
Hot Water in Rent
Y
Electric in Rent
N
Water in Rent
Y
Sewer in Rent
Y
Monthly Rent
0

Unit 5 Info

Unit #
5
Approx SF
1000
# Rooms
4
# Bedrooms
2
Kitchen Style
Semi-Modern
# Baths
2
Lease
Y
Heat in Rent
Y
Hot Water in Rent
Y
Electric in Rent
N
Water in Rent
Y
Sewer in Rent
Y
Monthly Rent
0

Remarks & Directions

Exclude
Tenants' personal belongings
Hot Sheet Comment
price

Heat Fuel Type

Gas
Yes

Interior Finish

Drywall
Yes
Paneling
Yes
Plaster
Yes

Heat Type

Steam
Yes

Condition

Good
Yes

AC Type

None
Yes

Water

Public
Yes

Exterior

Vinyl
Yes

Sewer

Public
Yes

Roof

Comp Shingle
Yes

Hot Water Heater

Gas
Yes

Basement

Partial
Yes
Unfinished
Yes

Property Features

Heat Fuel Type: Gas Heat Type: Steam AC Type: None Condition: Good Exterior: Vinyl Roof: Comp Shingle Interior Finish: Drywall; Paneling; Plaster Water: Public Sewer: Public Hot Water Heater: Gas Basement: Partial; Unfinished
Listing Office: Abstract Realty Group
Listing Agent: Donald Ide
Last Updated: May - 18 - 2026
Information deemed reliable but not guaranteed.

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Specializing in residential and commercial sales, McDermott & McDermott Real Estate, Inc. services also include investment sales and property management. We are actively involved in turning the many bank-owned foreclosures back over to the hands of our communities.


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