REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Adriana Jez

adriana.jez@exprealty.com +1(347) 255-0907

Listed by Pat Rogan The Hub Real Estate Group Scranton

$ 3,499,995

Est. payment -/mo

Save

Active

115-117 Penn AVE Scranton, PA 18503

18 Beds

14 Baths

12,500 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 12,500 sqft

Price per Sqft $279

MLS Listing ID GSBSC262949

Bedrooms 18

Full Baths 14

Total Fin. Sqft 12500

Year Built 1910

Annual Tax Amount $10,782

Tax Year 2026

Lot Size 10,890 Sqft

Acres 0.25

Lot Dimensions 177x55

Property Sub-Type Multi Family

Source scranton

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.

Location

State PA

County Lackawanna

Zoning C

Direction 115-117 Penn Avenue, Scranton, PA 18503

Rooms

Basement Unfinished

Interior

Fireplace No

Exterior

View Y/N Yes

Total Parking Spaces 14

Building

Story 3

Unit Features [{\"UnitTypeActualRent\":2400,\"UnitTypeType\":\"Unit 1\",\"UnitTypeBathsTotal\":1,\"UnitTypeBedsTotal\":2,\"GSB_UnitTypeUnitNumber\":\"1\",\"GSB_UnitTypeDiningRoomYN\":\"No\",\"GSB_UnitTypeKitchenYN\":\"Yes\",\"GSB_UnitTypeSqFtTotal\":\"800.00\",\"UnitTypeKey\":\"GSB20260622161451100523000000Group_1\"},{\"UnitTypeActualRent\":1999,\"UnitTypeType\":\"Unit 2\",\"UnitTypeBathsTotal\":1,\"UnitTypeBedsTotal\":2,\"GSB_UnitTypeUnitNumber\":\"2\",\"GSB_UnitTypeDiningRoomYN\":\"No\",\"GSB_UnitTypeKitchenYN\":\"Yes\",\"GSB_UnitTypeSqFtTotal\":\"800.00\",\"UnitTypeKey\":\"GSB20260622161451100523000000Group_2\"},{\"UnitTypeActualRent\":1999,\"UnitTypeType\":\"Unit 3\",\"UnitTypeBathsTotal\":1,\"UnitTypeBedsTotal\":2,\"GSB_UnitTypeUnitNumber\":\"3\",\"GSB_UnitTypeDiningRoomYN\":\"No\",\"GSB_UnitTypeKitchenYN\":\"Yes\",\"GSB_UnitTypeSqFtTotal\":\"800.00\",\"UnitTypeKey\":\"GSB20260622161451100523000000Group_3\"},{\"UnitTypeActualRent\":1999,\"UnitTypeType\":\"Unit 4\",\"UnitTypeBathsTotal\":1,\"UnitTypeBedsTotal\":5,\"GSB_UnitTypeUnitNumber\":\"4\",\"GSB_UnitTypeDiningRoomYN\":\"No\",\"GSB_UnitTypeKitchenYN\":\"Yes\",\"GSB_UnitTypeSqFtTotal\":\"800.00\",\"UnitTypeKey\":\"GSB20260622161451100523000000Group_4\"},{\"UnitTypeActualRent\":1999,\"UnitTypeType\":\"Unit 5\",\"UnitTypeBathsTotal\":1,\"UnitTypeBedsTotal\":2,\"GSB_UnitTypeUnitNumber\":\"5\",\"GSB_UnitTypeDiningRoomYN\":\"No\",\"GSB_UnitTypeKitchenYN\":\"Yes\",\"GSB_UnitTypeSqFtTotal\":\"800.00\",\"UnitTypeKey\":\"GSB20260622161451100523000000Group_5\"},{\"UnitTypeActualRent\":1999,\"UnitTypeType\":\"Unit 6\",\"UnitTypeBathsTotal\":1,\"UnitTypeBedsTotal\":1,\"GSB_UnitTypeUnitNumber\":\"6\",\"GSB_UnitTypeDiningRoomYN\":\"No\",\"GSB_UnitTypeKitchenYN\":\"Yes\",\"GSB_UnitTypeSqFtTotal\":\"700.00\",\"UnitTypeKey\":\"GSB20260622161451100523000000Group_6\"},{\"UnitTypeActualRent\":1995,\"UnitTypeType\":\"Unit 7\",\"UnitTypeBathsTotal\":1,\"UnitTypeBedsTotal\":1,\"GSB_UnitTypeUnitNumber\":\"7\",\"GSB_UnitTypeDiningRoomYN\":\"No\",\"GSB_UnitTypeKitchenYN\":\"No\",\"GSB_UnitTypeSqFtTotal\":\"700.00\",\"UnitTypeKey\":\"GSB20260622161451100523000000Group_7\"},{\"UnitTypeActualRent\":1499,\"UnitTypeType\":\"Unit 8\",\"UnitTypeBathsTotal\":1,\"UnitTypeBedsTotal\":1,\"GSB_UnitTypeUnitNumber\":\"8\",\"GSB_UnitTypeDiningRoomYN\":\"No\",\"GSB_UnitTypeKitchenYN\":\"Yes\",\"GSB_UnitTypeSqFtTotal\":\"700.00\",\"UnitTypeKey\":\"GSB20260622161451100523000000Group_8\"},{\"UnitTypeActualRent\":1499,\"UnitTypeType\":\"Unit 9\",\"UnitTypeBathsTotal\":1,\"UnitTypeBedsTotal\":1,\"GSB_UnitTypeUnitNumber\":\"9\",\"GSB_UnitTypeDiningRoomYN\":\"No\",\"GSB_UnitTypeKitchenYN\":\"Yes\",\"GSB_UnitTypeSqFtTotal\":\"700.00\",\"UnitTypeKey\":\"GSB20260622161451100523000000Group_9\"},{\"UnitTypeActualRent\":1499,\"UnitTypeType\":\"Unit 10\",\"UnitTypeBathsTotal\":1,\"UnitTypeBedsTotal\":1,\"GSB_UnitTypeUnitNumber\":\"10\",\"GSB_UnitTypeDiningRoomYN\":\"No\",\"GSB_UnitTypeKitchenYN\":\"Yes\",\"GSB_UnitTypeSqFtTotal\":\"700.00\",\"UnitTypeKey\":\"GSB20260622161451100523000000Group_10\"}]

New Construction No

Schools

School District Scranton

Greater Scranton Board of Realtors (SMLS)

Nearby Locations

Adriana Jez

Agent | License ID: RS358942

+1(347) 255-0907

Adriana Jez

115-117 Penn AVE Scranton, PA 18503

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Nearby Locations

GET MORE INFORMATION

Go tour this home

115-117 Penn AVE