622624 South Main Avenue

Off Market

622624 South Main Avenue

Scranton PA 18504

2325 sq. ft.

0.2 ac.

Multi-Family

Last sold for $320,000

Alyssa Mackiw, last sold this property on 07 August 2026 after 57 days on market.

Overview

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.

Features

8 bedrooms

8 bathrooms

1 carspace

1 garage space

2325 sq. ft. floor area

0.2 ac. lot size

Multi-Family

Estimated Value

Based on this property and similar 8 bedroom multi families sold in Scranton over the last 12 months, the estimated median property value of 622624 South Main Avenue is $300k.

Median value

$300k

Estimated value range

$190k - $380k

Median days on market

Estimated value trend

15%

increase over the last 12 months

Average days on market is based on recent, comparable sales in Scranton. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 622624 South Main Avenue

2026

Sold

$320,000

07 Aug 2026 by Alyssa Mackiw, of EXP Realty LLC

Happy sellers in Scranton

93%

93% 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 8 reviews in Scranton over the last 12 months.

Local market activity for 8 bedroom multi families in Scranton

In the last 12 months, 6 eight-bedroom multi families similar to 622624 South Main Avenue, have been sold.

This represents a 16% decrease in eight-bedroom multi families sales when compared to the previous 12 months.

Sold

For Sale

Interested in selling?

People are reaching out to these agents in Scranton for a market analysis.

Janine Dutter

at Lewith & Freeman - Kingston

(23 reviews)

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Brooke Perrego

at Lewith & Freeman Real Estate - Back Mountain

(65 reviews)

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Shane Bayly

at Keller Williams Realty Group - Limerick

(52 reviews)

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Yanilenny Monegro

at Lewith & Freeman - Kingston

(18 reviews)

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Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Scranton

Janine Dutter

Sellers who recommend Janine Dutter have praised them for being responsive, clear communication, and local expert

5 (23 reviews)
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Brooke Perrego

Sellers who recommend Brooke Perrego have praised them for being local expert

5 (65 reviews)
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1 Sale in Scranton

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Shane Bayly

Sellers who recommend Shane Bayly have praised them for being local expert, well-prepared, responsive, clear communication, dedicated, supportive, and patient