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538 River Street

Scranton PA 18505

5
3
1900 sq. ft.
0.09 ac.
Multi-Family
Currently for sale - view listing

Overview

Excellent investment opportunity in Scranton! This well-maintained duplex generates approximately 34,000 in annual gross rental income, with all utilities separately metered to help keep ownership expenses low. With strong in-place rents and an attractive 10-percent+ cap rate, this property offers immediate cash flow from day one.Both units feature newer heating systems, hot water heaters, and updated electrical, helping reduce near-term capital expenses. Long-term tenants are already in place, making this a turnkey opportunity for both experienced investors and those looking to expand their portfolio.A solid income-producing asset with strong returns and low-maintenance appeal. Don't miss this opportunity!

Features

5 bedrooms
3 bathrooms
1900 sq. ft. floor area
0.09 ac. lot size
Multi-Family

Property history for 538 River Street

2022
Sold
$165,000
29 Nov 2022 by Sherrie L. Miller, of Keller Williams Scranton/Wilkes-Barre

Happy sellers in Scranton

72%
72% of sellers in Scranton reported that their sale price either exceeded or met their price expectations.

Scranton stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 9 reviews in Scranton over the last 12 months.

Local market activity for 5 bedroom multi families in Scranton

In the last 12 months, 8 five-bedroom multi families similar to 538 River Street, have been sold.

This represents a 60% decrease in five-bedroom multi families sales when compared to the previous 12 months.

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Sales:
(619) 566-0008
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