1401 Prospect Avenue Scranton, PA ^$ 689,000

1401 Prospect Avenue

^$ 689,000

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Recently Listed

1401 Prospect Avenue

Scranton, PA, 18505

^$ 689,000

Bedrooms12 Baths6.0 Sq 6,150

Monthly Estimate*

^$ 4,242

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Multi-Family Home for sale in Scranton, PA

for $689,000 with 12 bedrooms and 6 full baths. This 6,150 square foot home was built in 1940 on a lot size of 0.13.

Well-maintained 6-unit multifamily property situated on a large corner lot in South Scranton. This income-producing asset features units in good overall condition, requiring minimal immediate capital improvements. Tenants are responsible for their own gas and electric, helping to keep operating expenses low. The property also includes a 2-car garage and offers strong rental potential for both seasoned investors and those looking to expand their portfolio.

Multi-Family Active

Price

^$ 689,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 5,187

Style

Multi Family

Lot Size

0.13

Year Built

1940

Town/City

Scranton

County/Region

Lackawanna

MLS | Web ID

SC261138

Features

General

Living Area 6150

Utilities Electricity Connected Water Connected Natural Gas Connected

Roof Shingle

Appliances Electric Cooktop Refrigerator Electric Oven

Zoning Multi-Family

Garage Spaces 1

Exclusions Extra hot water heaters in basement.

Year Built 1940

Electric 100 Amp Service

Tenant Pays Electricity Gas

Stories Count 3

Property Subtype Multi Family

Tax Year 2025

Current Use Multi-Family

County Lackawanna

Insurance Expense 4500

New Construction N

Property Type Residential Income

Garage Y/N Y

Full Baths 6

Status Active

Directions From Pittston Ave turn onto Cherry St. Continue straight -- the property is located on the right at the corner of Cherry St and Prospect Ave.

City Scranton

High School District Scranton

Number Of Units Total 6

Tax Annual Amount 5187.59

Standard Status Active

Year Built Source Estimated

Tax Assessed Value 16000

Legal Description 37X150 Li&C Town Plot L31 B 27 W-20 B-057 L-025 P-001

Interior

Basement Concrete Unfinished

Furnished Y/N Unfurnished

Basement (Y/N) Y

Above Grade Finished Area 4950

Half Baths 0

Total Bedrooms 12

Below Grade Finished Area 1200

Total Baths 6

Exterior

Exterior Amenities Balcony

Parking Features Garage On Street

Lot Dimensions 37X150

Lot Size Acres 0.13

Number of Separate Water Meters 1

Number of Separate Gas Meters 6

Number of Separate Electric Meters 6

* Excluded Features

List By

Nisk Real Estate

Broker

michael@niskrealestate.com

Affordability Calculator

$4,675

Per Month

Monthly Principal & Interest: $4,242
Monthly Property Taxes: $432
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Scranton, PA

Average List Price ^$368,838

Percent of Sale Price 46%

About Scranton, PA

74,523 Population

-2% Since 2002

^$39,001 Median Income

38.39 Median Age

24% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

2391763 Elementary School

2391680 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
3/23/2026	$689,000		Listed Price

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1401 Prospect Avenue, Scranton, PA, 18505 is a Multi-Family Home for sale at $689,000 with 6,150 sqft and a lot size of 0.13. 1401 Prospect Avenue has 12 bedrooms, 6.0 baths, and was built in 1940. The property's zip code is 18505 which is in Scranton, PA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the Multiple Listing Service of The Greater Scranton Board of REALTORS.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Multiple Listing Service of The Greater Scranton Board of REALTORS. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors include the name of the listing brokers.

The information being provided is for consumers'personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of 3/24/2026.

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1401 Prospect Avenue

Multi-Family Home for sale in Scranton, PA

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