622-624 S Main Avenue Scranton, PA $ 320,000
622-624 S Main Avenue
$ 320,000
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622-624 S Main Avenue

Scranton, PA, 18504
$ 320,000
Bedrooms8 Baths8.0 Sq 2,325

Monthly Estimate*

$ 1,970

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Multi-Family Home for sale in Scranton, PA

for $320,000 with 8 bedrooms and 8 full baths. This 2,325 square foot home was built in 1901 on a lot size of 0.2.

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.

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Multi-Family Active

Price

$ 320,000

Bedrooms

8

Full Bath

8

Property Type

Multi-Family

Taxes

$ 5,394

Style

Multi Family,Triplex

Lot Size

0.2

Year Built

1901

Town/City

Scranton

County/Region

Lackawanna

MLS | Web ID

SC262750

Features
General
Living Area 2325
Heating Natural Gas
Zoning N
Garage Spaces 1
Exclusions Deep freezers & GE dryer in basement
Year Built 1901
Tenant Pays Electricity Gas
Stories Count 2
Property Subtype Multi Family
Tax Year 2026
Gross Income 42000
County Lackawanna
New Construction N
Property Type Residential Income
Garage Y/N Y
Other Structures Garage(s)
Full Baths 8
Status Active
Directions Take I-81 North and get off at Exit 185 onto the President Biden Expressway. Take the Steamtown exit. Turn right onto Cedar Avenue then left onto Mattes Avenue. Continue as it becomes Hickory Street
City Scranton
High School District Scranton
Number Of Units Total 3
Tax Annual Amount 5394.39
Structure Type Multi Family Triplex
Standard Status Active
Year Built Source Estimated
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Interior
Basement Full Unfinished
Basement (Y/N) Y
Above Grade Finished Area 1984
Half Baths 0
Total Bedrooms 8
Below Grade Finished Area 341
Total Baths 8
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Exterior
Fencing Fenced
Parking Features Driveway Garage Garage Door Opener
Lot Dimensions 47X105X44X90
Lot Size Acres 0.2
Number of Separate Water Meters 1
Number of Separate Gas Meters 3
Number of Separate Electric Meters 3
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* Excluded Features
List By
Exp Realty Llc

Broker

alyssamackiw@gmail.com

Email

Affordability Calculator

$2,420
Per Month
81%
19%
0%
Monthly Principal & Interest
$1,970
Monthly Property Taxes
$450
Monthly 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
2391763 Elementary School
2391680 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
6/11/2026$320,000 Listed Price

Map


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622-624 S Main Avenue, Scranton, PA, 18504 is a Multi-Family Home for sale at $320,000 with 2,325 sqft and a lot size of 0.2. 622-624 S Main Avenue has 8 bedrooms, 8.0 baths, and was built in 1901. The property's zip code is 18504 which is in Scranton, PA