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Sold for $332,000 on 08/21/25
  • $332,000

    518 Prospect Ave, Scranton, PA 18505

    6beds
    4,100sqft
    Multi Family
    Built in 1930
    -- sqft lot
    $-- Zestimate®
    $81/sqft
    $2,026 Estimated rent

    Home value

    Not available

    Estimated sales range

    Not available

    $2,026/mo

    Zestimate® history
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    What's special

    Discover a prime investment opportunity in the heart of Scranton with this well-maintained multi-unit property featuring three distinct rental units. Unit 1 offers 3 spacious bedrooms and 1 bathroom, showcasing a beautifully upgraded kitchen complete with high-end cabinetry and granite countertops. The bathroom is outfitted with a luxurious whirlpool tub and separate shower. The tenants for this unit are in the process of moving out and the unit will be vacant at closing. Unit 2 provides a comfortable 2-bedroom, 1-bath layout, perfect for steady rental income. Unit 3 has 1 bedroom and 1 bathroom, all-new flooring throughout, and a walk-in closet in the bedroom. New roof installed December 2021 and one of the furnaces installed May 2021, minimizing future maintenance concerns. All tenants are month to month.Whether you're looking to expand your portfolio or begin your journey in real estate, this multi-unit home combines strong rental potential with quality upgrades--an excellent option for those looking to invest in the growing Scranton market.

    Zillow last checked: 8 hours ago

    Listing updated: August 29, 2025 at 01:12pm

    Listed by:

    The Bill Chupko Team,

    Keller Williams Real Estate-Clarks Summit

    Bought with:

    Adriana Jez, RS358942

    EXP Realty LLC

    Source: GSBR,MLS#: SC252571MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 6
    • Bathrooms: 3
    • Full bathrooms: 3
    Features
    • Flooring: Carpet, Tile, Laminate, Hardwood
    • Basement: Full,Unfinished
    Interior area
    • Total structure area: 4,100
    • Total interior livable area: 4,100 sqft
    • Finished area above ground: 4,100
    • Finished area below ground: 0

    Property

    Features
    • Stories: 3
    Lot
    • Size: 5,662 sqft
    • Dimensions: 40 x 140
    Details
    • Parcel number: 15616040019
    • Zoning: Residential

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Materials
    • Vinyl Siding
    Condition
    • New construction: No
    • Year built: 1930

    Community & neighborhood

    Location
    • Region: Scranton

    Other

    Other facts
    • Income includes: Rent Only

    Price history

    DateEventPrice
    8/21/2025Sold$332,000-4.9%$81/sqft
    Source: GSBR #SC252571
    6/20/2025Pending sale$349,000$85/sqft
    Source: GSBR #SC252571
    5/29/2025Listed for sale$349,000+118.1%$85/sqft
    Source: GSBR #SC252571
    9/11/2019Sold$160,000$39/sqft
    Source: Public Record
    4/10/2016Listing removed$565
    Source: Clarks Summit - WEICHERT, REALTORS - Hibble and Associates #16-1073

    Public tax history

    YearProperty taxesTax assessment
    2024$4,859 $16,000
    2023$4,859 +127.6%$16,000
    2022$2,135 $16,000

    Find assessor info on the county website

    Neighborhood: Downtown

    Nearby schools

    GreatSchools rating
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    An equal housing lender. NMLS #10287.