Properties


Property Description

Exceptional investment opportunity located in downtown Scranton, featuring a fully renovated 14-unit mixed-use property generating approximately 290, 000 in annual gross rental income.This turnkey asset consists of 5 two-bedroom apartments, 6 one-bedroom apartments, 1 studio apartment, and 2 commercial storefronts. The building has undergone a complete stud-to-gut renovation and showcases high-end finishes throughout, including exposed brick, modern fixtures, and quality craftsmanship that sets it apart from typical multifamily inventory.All units are separately metered with tenants paying all utilities, creating a strong, low-expense operating model. The property also offers ample on-site parking, strong tenant demand driven by its central downtown location, and meaningful upside through future rent growth.Further enhancing the investment profile, the property benefits from exceptionally low real estate taxes, making this a rare combination of stabilized cash flow and long-term appreciation potential in a revitalizing urban core.A true turnkey, low-maintenance mixed-use asset in one of Scranton’s most active and improving downtown corridors.

Features
Basement:
Unfinished
Address Map
Country:
US
State:
PA
County:
Lackawanna
City:
Scranton
Zipcode:
18503
Street:
Penn
Street Number:
115-117
Street Suffix:
Avenue
Directions:
115-117 Penn Avenue, Scranton, PA 18503
Zoning:
C
Neighborhood
High School District:
Scranton
Additional Details
Office Name:
The Hub Real Estate Group Scranton
Agent Name:
Pat Rogan
School District:
Scranton
Land Value:
$0
Total Assessment:
$0
PreviousListPrice:
$0
OriginalListPrice:
$0
Additional Information
Lot Size Dimensions:
177x55
Number Of Units Total:
14
Stories:
3
Financial
Tax Annual Amount:
10782.8
Listing Information
Co List Agent Full Name:
David J. Mitchell
Co List Agent Mls Id:
dm8765
Co List Office Mls Id:
The Hub Scr
Co List Office Name:
The Hub Real Estate Group Scranton
List Agent Mls Id:
pr9526
List Office Mls Id:
The Hub Scr
Mls Status:
Active
Modification Timestamp:
2026-06-23T03:01:27Z
Originating System Name:
GSBR
Status Change Timestamp:
2026-06-22T05:00:00Z

Residential Income For Sale 115-117 Penn Avenue, Scranton, Pennsylvania 18503

115-117 Penn Avenue, Scranton, Pennsylvania 18503

18 Bedrooms
14 Bathrooms
12,500 Sqft
$3,499,995
Listing ID #SC262949
Basic Details
Property Type :
Residential Income
Listing Type :
For Sale
Listing ID :
SC262949
Ref ID :
GSB20260622161451100523000000
Price :
$3,499,995
Bedrooms :
18
Bathrooms :
14
Living Area :
12,500 Sqft
Year Built :
1910
Lot Area :
0.25 Acre
Status :
Active
Full Bathrooms :
14
Property Sub Type :
Multi Family
Agent info
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