401 Prospect Avenue

Scranton, PA 18505

$395,000
Price
6
Beds
6
Baths
3,900 Sq. Ft.
$101 / Sq. Ft.
3,900
Sq. Ft.
$101
per Sq. Ft.

Description

Calling investors! Unique opportunity for a well-maintained 5-unit in Scranton, monthly rent revenue to readily exceed $4000. However, current units occupied are well under market with a lot of room to grow revenues. All units pay their own electricity. Owner pays for gas, heat, water, sewer, and garbage.Calling investors! Unique opportunity for a well-maintained 5-unit in Scranton, monthly rent revenue to readily exceed $4000. However, current units occupied are well under market with a lot of room to grow revenues. All units pay their own electricity. Owner pays for gas, heat, water, sewer, and garbage.
  1. Listed by Donald Ide • Keller Williams Scranton/Wilkes-Barre

Property Details for 401 Prospect Avenue

Architectural Style
Built As Apartment
LISTING UPDATED: 12/06/2023 12:26 PM

Property Details for 401 Prospect Avenue

StatusActive
MLS #23-3539
Days on Market354
Taxes$3,070 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Multi-Family
Year Built1920
Lot Size3565.00 AC / 155,291,400 SF
CountyLackawanna County

Building Information for 401 Prospect Avenue

Stories3Residences5Year Built1920Building Size-Lot Size3565.00 AC / 155,291,400 SF

Property Information for 401 Prospect Avenue

Summary
Location and General Information
  • Road Surface Type: Paved
  • Region: South Scranton
  • Municipality: Scranton City
  • Directions: Corner of River Street and Prospect Avenue
  • MLS Area Major: Scranton City
  • City: Scranton
  • State/Province: PA
  • Postal Code: 18505
  • County: Lackawanna
  • Latitude: 41.399561
  • Longitude: -75.661428
  • MLS Area Minor: Scranton City
Taxes and HOA Information
  • Tax Book Number: 202121976
  • Association Fee: $.00
  • Tax Assessed Value: 9500
  • Tax Year: 2022
  • Parcel Number: 15668010004
  • Tax Annual Amount: $3,069.53
  • Tax Other Annual Assessment Amount: $3,300.00
Parking
  • Garage Spaces: .00
  • Attached Garage: No
  • Driveway:None: Yes
  • Parking Features: On Street
School Information
  • School District: Scranton
Property
Lot Information
  • Lot Size Acres: 3,565.00
  • Lot Size Dimensions: 35 x 65
  • Building Area Total: 3900.0
  • Lot Features: Cleared, Corner Lot
  • Lot Size Area: 3565.0
  • Lot Size Units: Acres
  • Lot Size Square Feet: 1.552914E8
  • Number of Buildings: 1
  • Below Grade Finished Area: 0.0
  • Property Information:SqFt Below Grade Unf: 0.0
  • Property Information:Road Frontage: 65.00
  • Road:Paved: Yes
Property and Assessments
  • Property Information:Basement: Full
  • Property Type: D
  • Year Built: 1920
  • Property Type Label: Multi-Family
  • Documents Available: Seller's Disclosure, Lead Paint Disclosure
  • Construction Materials: Vinyl
  • Property Information:Realtor.com Type: Multi-Family
  • Property Information:Tracts(Seprt Deeds): No
Utilities
  • Sewer: $.00
  • Water Source: Public
Interior and Exterior Features
Interior Features
  • Stories: 3
  • Cooling: None
  • Bathrooms Total (Integer): 0
  • Bathrooms Total (Decimal): .00
  • Bathrooms Total (Notational): .00
  • Cooling: No
  • Fireplaces Total: 1
  • Fireplace: Yes
  • Property Information:Stories: 3.00
Multi Family
Multi-Family Information
  • Number Of Units Total: 5
Income & Expenses Information
  • Operating Expense: $21,962.00
  • Electric Expense: $4,800.00
  • Water Sewer Expense: $6,000.00
  • Gross Income: $42,420.00
  • Net Operating Income: $20,458.00
  • Insurance Expense: $2,400.00
  • Trash Expense: $.00
  • Fuel Expense: $4,800.00
Unit 1
  • Unit 1:# Baths: 1.00
  • Unit 1:# Bedrooms: 1
  • Unit 1:Dining Room: No
  • Unit 1:Kitchen: Yes
  • Unit 1:Living Room: Yes
  • Unit 1:Rent/Month $: 700
  • Unit 1:SqFt: 650
  • Unit 1:Unit ID: 1
  • Unit 1:Washer/Dryer: Hook-Up
Unit 2
  • Unit 2:# Baths: 1.00
  • Unit 2:# Bedrooms: 1
  • Unit 2:Dining Room: No
  • Unit 2:Kitchen: Yes
  • Unit 2:Living Room: Yes
  • Unit 2:Rent/Month $: 700
  • Unit 2:SqFt: 650
  • Unit 2:Unit ID: 2
  • Unit 2:Washer/Dryer: Hook-Up
Unit 3
  • Unit 3:# Baths: 1.00
  • Unit 3:# Bedrooms: 1
  • Unit 3:Dining Room: No
  • Unit 3:Kitchen: Yes
  • Unit 3:Living Room: Yes
  • Unit 3:Rent/Month $: 700
  • Unit 3:SqFt: 650
  • Unit 3:Unit ID: 3
  • Unit 3:Washer/Dryer: Hook-Up
Unit 4
  • Unit 4:# Baths: 1.00
  • Unit 4:# Bedrooms: 1
  • Unit 4:Dining Room: Yes
  • Unit 4:Kitchen: Yes
  • Unit 4:Living Room: Yes
  • Unit 4:Rent/Month $: 600
  • Unit 4:SqFt: 650
  • Unit 4:Unit ID: 4
  • Unit 4:Washer/Dryer: Hook-Up
Unit 5
  • Unit 5:# Baths: 2.00
  • Unit 5:# Bedrooms: 2
  • Unit 5:Dining Room: No
  • Unit 5:Kitchen: Yes
  • Unit 5:Living Room: Yes
  • Unit 5:Rent/Month $: 835
  • Unit 5:SqFt: 1000
  • Unit 5:Unit ID: 5
  • Unit 5:Washer/Dryer: Hook-Up

Property History for 401 Prospect Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 401 Prospect Avenue

Taxable ValueLand$3,300Additions$6,200Total$9,500
Tax Record2024$3,138 ($261 / month)
Home Facts
Lot Size2,925 SqFtStyleOffice BuildingCountyLACKAWANNAAPN15668010004

Schools near 401 Prospect Avenue

This home is within Scranton School District.
Rating
School
Type
Grades
Distance
Public - K to 4
Public - 5 to 8
Public - 7 to 12
Private - PK to 8
Rating
School
Distance
John G Whittier #2
PublicK to 4

South Scranton Intrmd School
Public5 to 8

Scranton High School
Public7 to 12

Marian Catholic School
PrivatePK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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401 Prospect Avenue is a multi-family home for sale in Scranton, PA 18505. This property was listed for sale on August 19, 2023 by Keller Williams Scranton/Wilkes-Barre, it's currently listed at $395,000. It has been on the market for a total of 354 days and was last sold on August 20, 2024. This listing's school district is Scranton School District. Nearby schools include John G Whittier #2, South Scranton Intrmd School and Scranton High School. 401 Prospect Avenue is a 6-bed, 6-bath, 3,900 sqft multi-family home built in 1920.

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Listing Courtesy of Keller Williams Scranton/Wilkes-Barre

Based on information from one of the following Multiple Listing Services: BRIGHT, Greator Scranton Board of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by BRIGHT, Greator Scranton Board of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.