501 Cedar Avenue

Scranton PA 18505

5600 sq. ft.

0.17 ac.

Multi-Family

Last sold for $450,000

Leah Gianacopoulos, last sold this property on 09 May 2025 after -347 days on market.

Overview

This multi-unit property consists of two buildings featuring seven residential apartments and one commercial storefront, offering a strong investment opportunity with separate electric for each unit. The property is fully occupied with long-term tenants, all on month-to-month leases, providing flexibility for future plans.With high rental demand and plenty of potential, this property is a great opportunity for investors looking to add value. While the buildings do require some TLC, they offer an excellent foundation for growth. Conveniently located in a desirable area, this property presents a steady income stream with room for improvements to maximize returns.Don't miss out on this versatile investment--schedule a showing today!

Features

10 bedrooms

8 bathrooms

5600 sq. ft. floor area

0.17 ac. lot size

Multi-Family

Estimated Value

We need at least 3 similar 10 bedroom multi families sold in Scranton over the last 12 months.

Property history for 501 Cedar Avenue

2025

Sold

$450,000

09 May 2025 by Leah Gianacopoulos, of ERA One Source Realty

Happy sellers in Scranton

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