USAPAScranton117-115-117 Penn Ave
115-117 Penn Ave 02 Dusk | Image 1

117-115-117 Penn Ave, Scranton, PA

Real Estate

For Sale

Listed price in listed location currency (USD).
$3,499,995

181414

MLS® SC262949

  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential Income
Size 12500 sqft
Garage No
Taxes $10,783
Days Active 0
Lot Size 0.25 Acres
Approx. Age 1910
Avg. Price Per Sqft $279
MLS® Number SC262949

Property Address: 117-115-117 Penn Ave, Scranton, PA, 18503-2015

Average square foot calculated using Size range provided by listing agent.

Description

Exceptional investment opportunity located in downtown Scranton, featuring a fully renovated 14-unit mixed-use property generating approximately 290, 000 in annual gross rental income.This turnkey asset consists of 5 two-bedroom apartments, 6 one-bedroom apartments, 1 studio apartment, and 2 commercial storefronts. The building has undergone a complete stud-to-gut renovation and showcases high-end finishes throughout, including exposed brick, modern fixtures, and quality craftsmanship that sets it apart from typical multifamily inventory.All units are separately metered with tenants paying all utilities, creating a strong, low-expense operating model. The property also offers ample on-site parking, strong tenant demand driven by its central downtown location, and meaningful upside through future rent growth.Further enhancing the investment profile, the property benefits from exceptionally low real estate taxes, making this a rare combination of stabilized cash flow and long-term appreciation potential in a revitalizing urban core.A true turnkey, low-maintenance mixed-use asset in one of Scranton's most active and improving downtown corridors.
MLS® NumberSC262949
Laundry Level
Central VacNo
FireplaceNo
Acreage0.25
Exterior
GarageNo
Approx. Age1910
BasementUnfinished
Driveway
Garage Spaces0
Heat
A/C

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Jun 22, 2026List Date
$3,499,995List Price
  • Commute

Commute

Starting Address
Destination Address
115-117 Penn Ave, Scranton, PA

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