621-623 Madison Avenue, Scranton, PA 18510 (MLS# 26-5187)

621-623 Madison Avenue, Scranton, PA 18510

$750,000

Property Type: Residential Income Square Footage: 4,075 Status: Active

Current Price: $750,000 List Date: 10/06/2026 Last Modified: 10/06/2026

Overview

Description

Fully renovated 7-unit in Scranton's Hill Section. Four 2BR and three 1BR apartments, every unit just updated, all separately metered with tenants paying heat, electric, water and sewer. Low owner expenses and immediate cash flow with room to grow rents to market. Turnkey multifamily for the investor who wants income on day one without the renovation work. Can be sold as a part of a portfolio.

Listing Details MLS# 26-5187

Location, Tax & Legal

House # (1): 621-623
Street Name: Madison
Street Suffix: Avenue
City (Post Office): Scranton
State/Province: PA
Zip Code: 18510
County: Lackawanna
MLS Area: Misc Out of County
School District: Scranton
Municipality: Scranton City
Develop/Subdivision: None

Property Information

Property Sub Type: Multi Family
Realtor.COM Type: Multi-Family
Aprx Total SF: 4075
Year Built: 1940
Est Age Range: 76 - 100 Yrs

Remarks Directions

Directions: From Center of Scranton: Head toward N Washington Ave. Turn left onto Madison Ave. Destination will be on the left.

Expenses

Annual Gross Income: 79500
Annual Electric Exp: 1000
Annual Real Est Tax: 4090
Annual Fire/Liabilty: 1024
Annual Other Misc: 4644
Total Annl Expenses: 10758
Anl Net Inc b/4 Debt: 68742

More Information

Unit 1 Info

Unit #: Yes
Approx SF: 1000
# Rooms: 4
Monthly Rent: 950
# Bedrooms: 2
Kitchen Style: Modern
# Baths: Yes
Lease: Y
Heat in Rent: N
Hot Water in Rent: N
Electric in Rent: N
Water in Rent: N
Sewer in Rent: N

Unit 2 Info

Unit #: 2
Approx SF: 1000
# Rooms: 4
Monthly Rent: 995
# Bedrooms: 2
Kitchen Style: Modern
# Baths: Yes
Lease: N
Heat in Rent: N
Hot Water in Rent: N
Electric in Rent: N
Water in Rent: N
Sewer in Rent: N

Unit 3 Info

Unit #: 3
Monthly Rent: 950
# Bedrooms: Yes
# Baths: Yes
Lease: N
Heat in Rent: N
Hot Water in Rent: N
Electric in Rent: N
Water in Rent: N
Sewer in Rent: N

Unit 4 Info

Unit #: 4
Monthly Rent: 950
# Bedrooms: Yes
# Baths: Yes
Lease: Y
Heat in Rent: N
Hot Water in Rent: N
Electric in Rent: N
Water in Rent: N
Sewer in Rent: N

Unit 5 Info

Unit #: 5
Monthly Rent: 985
# Bedrooms: 2
# Baths: Yes
Lease: Y
Heat in Rent: N
Hot Water in Rent: N
Electric in Rent: N
Water in Rent: N
Sewer in Rent: N

Unit 6 Info

Unit #: 6
Monthly Rent: 900
# Bedrooms: 2
# Baths: Yes
Lease: N
Heat in Rent: N
Hot Water in Rent: N
Electric in Rent: N
Water in Rent: N
Sewer in Rent: N

Unit 7 Info

Unit #: 7
Monthly Rent: 895
# Bedrooms: Yes
# Baths: Yes
Lease: Y
Heat in Rent: N
Hot Water in Rent: N
Electric in Rent: N
Water in Rent: N
Sewer in Rent: N

Property Features

Showing Instructions: Contact Showing Service - See Remarks Heat Fuel Type: Electric Heat Type: Electric Baseboard AC Type: Window Units Condition: Very Good Exterior: Vinyl Roof: Asbestos Shingles Interior Finish: Drywall Water: Public Sewer: Public Hot Water Heater: Electric Basement: Partial; Unfinished

Listing Office: Steel City Realty

Listing Agent: Jennifer de Jesus

Last Updated: October - 06 - 2026

Information deemed reliable but not guaranteed.

One home for you!

MLS Listing