401 Prospect Avenue, Scranton, PA 18505 (MLS# 24-3119)

401 Prospect Avenue, Scranton, PA 18505

$449,000

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.

One home for you!

MLS Listing