115-117 Penn Avenue, Scranton, PA 18503
$3,499,995
Property Type:
Residential Income
Bedrooms:
18
Baths:
10
Lot Size (sq. ft.):
10,890
Status:
Active
Current Price:
$3,499,995
List Date:
6/22/2026
Last Modified:
6/22/2026
Listing Details MLS# SC-262949
General Property Information
- Number Of Units Total
- 14
- Bedrooms Total
- 18
- Bathrooms Total
- 10
- Bathrooms Full
- 14
- Above Grade Finished Area
- 12500
- Living Area
- 12500
- Enhanced Accessible
- Yes
- Year Built
- 1910
- Year Built Source
- Estimated
- New Construction YN
- No
- Parking Total
- 14
- Lot Size Acres
- 0.25
- Lot Size Dimensions
- 177x55
- Waterfront YN
- No
- Basement YN
- Yes
- Stories
- 3
- Auction YN
- No
- List Price/SqFt
- 280
Property Features
Basement:
Unfinished
Contract Information
- Listing Contract Date
- 2026-06-22
- Property Sub Type
- Multi Family
- Listing Agreement
- Exclusive Right To Sell
- Owner Name
- Let's Invest LLC
Location Tax and Legal
- Street Number
- 115-117
- Street Name
- Penn
- Street Suffix
- Avenue
- State
- PA
- Postal Code
- 18503
- County
- Lackawanna
Remarks and Miscellaneous
- Public Remarks
- 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.
Status Change Information
- Major Change Timestamp
- 2026-06-22T19:37:56Z
- Major Change Type
- New Listing
- Status Change Timestamp
- 2026-06-22
More Information
Unit 1
- Unit #
- Yes
- Actual Rent
- 2400
- SqFt Total
- 800
- Dining Room YN
- No
- Kitchen YN
- Yes
Unit 2
- Unit #
- 2
- Actual Rent
- 1999
- SqFt Total
- 800
- Dining Room YN
- No
- Kitchen YN
- Yes
Unit 3
- Unit #
- 3
- Actual Rent
- 1999
- SqFt Total
- 800
- Dining Room YN
- No
- Kitchen YN
- Yes
Unit 4
- Unit #
- 4
- Actual Rent
- 1999
- SqFt Total
- 800
- Dining Room YN
- No
- Kitchen YN
- Yes
Unit 5
- Unit #
- 5
- Actual Rent
- 1999
- SqFt Total
- 800
- Dining Room YN
- No
- Kitchen YN
- Yes
Unit 6
- Unit #
- 6
- Actual Rent
- 1999
- SqFt Total
- 700
- Dining Room YN
- No
- Kitchen YN
- Yes
Unit 7
- Unit #
- 7
- Actual Rent
- 1995
- SqFt Total
- 700
- Dining Room YN
- No
- Kitchen YN
- No
Unit 8
- Unit #
- 8
- Actual Rent
- 1499
- SqFt Total
- 700
- Dining Room YN
- No
- Kitchen YN
- Yes
Unit 9
- Unit #
- 9
- Actual Rent
- 1499
- SqFt Total
- 700
- Dining Room YN
- No
- Kitchen YN
- Yes
Unit 10
- Unit #
- 10
- Actual Rent
- 1499
- SqFt Total
- 700
- Dining Room YN
- No
- Kitchen YN
- Yes
Unit Details
- Efficiency
- Yes
- 2 Bedroom
- 5
- Storefront
- 2
Listing Office:
The Hub Real Estate Group Scranton
Last Updated: June - 22 - 2026
Information deemed reliable but not guaranteed.