538-540 River Street Scranton, PA $ 275,000
538-540 River Street
$ 275,000
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538-540 River Street

Scranton, PA, 18505
$ 275,000
Bedrooms5 Baths2.1 Sq 1,900

Monthly Estimate*

$ 1,736

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Multi-Family Home for sale in Scranton, PA

for $275,000 with 5 bedrooms and 2 full baths, 1 half bath. This 1,900 square foot home was built in 1920 on a lot size of 0.09.

Excellent investment opportunity in Scranton! This well-maintained duplex generates approximately 34,000 in annual gross rental income, with all utilities separately metered to help keep ownership expenses low. With strong in-place rents and an attractive 10-percent+ cap rate, this property offers immediate cash flow from day one.Both units feature newer heating systems, hot water heaters, and updated electrical, helping reduce near-term capital expenses. Long-term tenants are already in place, making this a turnkey opportunity for both experienced investors and those looking to expand their portfolio.A solid income-producing asset with strong returns and low-maintenance appeal. Don't miss this opportunity!Showings to be Monday 8/17 open house style from 5-6pm. (former 12PM open house is cancelled)

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Multi-Family Active

Price

$ 275,000

Bedrooms

5

Full Bath

2

Half Bath

1

Property Type

Multi-Family

Taxes

$ 0

Style

Multi Family

Lot Size

0.09

Year Built

1920

Town/City

Scranton

County/Region

Lackawanna

MLS | Web ID

SC264017

Features
General
Living Area 1900
Zoning R
Garage Spaces 0
Year Built 1920
Stories Count 2
Property Subtype Multi Family
Tax Year 2025
County Lackawanna
Net Operating Income 28158
Insurance Expense 1800
New Construction N
Property Type Residential Income
Garage Y/N N
Full Baths 2
Status Active
Directions Type 538 S River Street Scranton into G00gle or Apple app.
City Scranton
High School District Scranton
Number Of Units Total 2
Tax Annual Amount 0
Standard Status Active
Year Built Source Estimated
Tax Assessed Value 161810
Taxes 4800
Cap Rate 10
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Interior
Basement Unfinished
Basement (Y/N) Y
Above Grade Finished Area 1900
Half Baths 1
Total Bedrooms 5
Below Grade Finished Area 0
Total Baths 3
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Exterior
Lot Dimensions 85X45
Lot Size Acres 0.09
Number of Separate Water Meters 2
Number of Separate Gas Meters 2
Number of Separate Electric Meters 2
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* Excluded Features
List By
Revolve Real Estate

Broker

kate@revolvepa.com

Email

Affordability Calculator

$1,736
Per Month
100%
0%
0%
Monthly Principal & Interest
$1,736
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% 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
8/15/2026$275,000 Listed Price

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538-540 River Street, Scranton, PA, 18505 is a Multi-Family Home for sale at $275,000 with 1,900 sqft and a lot size of 0.09. 538-540 River Street has 5 bedrooms, 2.1 baths, and was built in 1920. The property's zip code is 18505 which is in Scranton, PA