USAPAScranton624-622-624 S Main Ave
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624-622-624 S Main Ave, Scranton, PA

Real Estate

For Sale

Listed price in listed location currency (USD).
$320,000

881

MLS® SC262750

  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential Income
Size 2325 sqft
Garage Yes
Taxes $5,394
Days Active 0
Lot Size 0.2 acres
Approx. Age 1901
Avg. Price Per Sqft $137
MLS® Number SC262750

Property Address: 624-622-624 S Main Ave, Scranton, PA, 18504-2129

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

Description

Turn-Key Cash-Flowing Triplex with Major Capital Improvements & Rental Upside. Rare opportunity to acquire a fully occupied three-unit investment property featuring a desirable unit mix of one 4-bedroom apartment and two 2-bedroom apartments. Currently generating approximately $42, 000 in annual gross income, with potential for future rent increases and improved returns.Unlike many investment properties requiring significant capital expenditures, this property has already undergone extensive improvements, including 3 brand-new furnaces, 3 new hot water heaters, 3 new electrical panels, updated plumbing, and luxury vinyl plank flooring. These major upgrades help minimize future maintenance costs while maximizing long-term cash flow.Ownership benefits include separate gas and electric utilities, helping keep operating expenses low. Additional features include a detached garage, off-street parking, and a fully fenced yard--valuable amenities that continue to attract and retain tenants.Conveniently located on Main Avenue near grocery stores, shopping, restaurants, schools, public transportation, and major commuter routes. Properties offering strong existing cash flow, tenant-paid utilities, major mechanical updates, and future rent-growth potential are becoming increasingly difficult to find. This is a true investment opportunity with immediate returns and long-term upside.
MLS® NumberSC262750
Laundry Level
Central VacNo
FireplaceNo
Acreage0.2
Exterior
GarageYes
Approx. Age1901
BasementFull, Unfinished
DrivewayDriveway, Garage, Garage Door Opener
Garage Spaces1
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Jun 11, 2026List Date
$320,000List Price
  • Commute

Commute

Starting Address
Destination Address
622-624 S Main Ave, Scranton, PA

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