622-624 S Main AVE, Scranton, PA 18504
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622-624 S Main AVE, Scranton, PA 18504
622-624 S Main AVE, Scranton, PA 18504
622-624 S Main AVE, Scranton, PA 18504
622-624 S Main AVE, Scranton, PA 18504
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Adriana Jez

Adriana Jez

+1(347) 255-0907
Listed by Alyssa Mackiw EXP Realty LLC
$ 320,000
Est. payment /mo
Save
Pending

622-624 S Main AVE Scranton, PA 18504

8 Beds

8 Baths

2,325 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Pending

Purchase Type For Sale

Square Footage 2,325 sqft

Price per Sqft $137

MLS Listing ID GSBSC262750

Bedrooms 8

Full Baths 8

Total Fin. Sqft 2325

Year Built 1901

Annual Tax Amount $5,394

Tax Year 2026

Lot Size 8,712 Sqft

Acres 0.2

Lot Dimensions 47X105X44X90

Property Sub-Type Multi Family

Source scranton

Property Description

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.

Location

State PA

County Lackawanna

Zoning N

Direction 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,

Rooms

Basement Full, Unfinished

Interior

Heating Natural Gas

Fireplace No

Heat Source Natural Gas

Exterior

Parking Features Driveway, Garage, Garage Door Opener

Garage Spaces 1.0

View Y/N Yes

Garage Yes

Building

Story 2

Unit Features [{\"UnitTypeActualRent\":1800,\"UnitTypeType\":\"Unit 1\",\"UnitTypeBathsTotal\":2,\"UnitTypeBedsTotal\":4,\"GSB_UnitTypeUnitNumber\":\"624\",\"GSB_UnitTypeOccupiedYN\":\"Yes\",\"GSB_UnitTypeDiningRoomYN\":\"No\",\"GSB_UnitTypeKitchenYN\":\"Yes\",\"GSB_UnitTypeLivingRoomYN\":\"Yes\",\"GSB_UnitTypeSqFtTotal\":\"876.00\",\"GSB_UnitTypeLeaseExpirationDate\":\"2027-02-09\",\"UnitTypeDescription\":\"includes garage\",\"UnitTypeKey\":\"GSB20260609164228112792000000Group_1\"},{\"UnitTypeActualRent\":850,\"UnitTypeType\":\"Unit 2\",\"UnitTypeBathsTotal\":1,\"UnitTypeBedsTotal\":2,\"GSB_UnitTypeUnitNumber\":\"622 1st fl\",\"GSB_UnitTypeOccupiedYN\":\"Yes\",\"GSB_UnitTypeDiningRoomYN\":\"Yes\",\"GSB_UnitTypeKitchenYN\":\"Yes\",\"GSB_UnitTypeLivingRoomYN\":\"Yes\",\"GSB_UnitTypeSqFtTotal\":\"533.00\",\"GSB_UnitTypeLeaseExpirationDate\":\"2026-12-31\",\"UnitTypeKey\":\"GSB20260609164228112792000000Group_2\"},{\"UnitTypeActualRent\":850,\"UnitTypeType\":\"Unit 3\",\"UnitTypeBathsTotal\":1,\"UnitTypeBedsTotal\":2,\"GSB_UnitTypeUnitNumber\":\"622 2nd fl\",\"GSB_UnitTypeOccupiedYN\":\"Yes\",\"GSB_UnitTypeDiningRoomYN\":\"Yes\",\"GSB_UnitTypeKitchenYN\":\"Yes\",\"GSB_UnitTypeSqFtTotal\":\"575.00\",\"GSB_UnitTypeLeaseExpirationDate\":\"2026-12-31\",\"UnitTypeKey\":\"GSB20260609164228112792000000Group_3\"}]

New Construction No

Schools

School District Scranton

Greater Scranton Board of Realtors (SMLS)
© 2026 Listings courtesy of Greater Scranton MLS as distributed by MLS GRID. All Rights Reserved.

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Adriana Jez

Adriana Jez

Agent | License ID: RS358942

+1(347) 255-0907

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622-624 S Main AVE