501-503 Cedar Avenue, Scranton, PA 18505
$349,995
Property Type:
Residential Income
Bedrooms:
7
Baths:
3
Lot Size (sq. ft.):
4,356
Status:
Active
Current Price:
$349,995
List Date:
7/14/2026
Last Modified:
8/14/2026
Overview
Description
Listing Details MLS# SC-263409
General Property Information
- Number Of Buildings
- 5
- Number Of Units Total
- 5
- Bedrooms Total
- 7
- Bathrooms Total
- 3
- Bathrooms Full
- 3
- Above Grade Finished Area
- 4500
- Living Area
- 4500
- Enhanced Accessible
- Yes
- Year Built
- 1900
- Year Built Source
- Estimated
- New Construction YN
- No
- Lot Size Acres
- 0.1
- Lot Size Dimensions
- 49x150xx56x150
- Waterfront YN
- No
- Basement YN
- Yes
- Stories
- 3
- Auction YN
- No
- List Price/SqFt
- 77.78
Property Features
Basement:
Unfinished
Contract Information
- Listing Contract Date
- 2026-07-14
- Property Sub Type
- Multi Family
- Listing Agreement
- Exclusive Right To Sell
- Owner Name
- 503 Cedar LLC
Location Tax and Legal
- Street Number
- 501-503
- Street Name
- Cedar
- Street Suffix
- Avenue
- State
- PA
- Postal Code
- 18505
- County
- Lackawanna
Remarks and Miscellaneous
- Public Remarks
- Excellent opportunity to own a 5-unit mixed-use property with low taxes and tremendous upside. The property currently features three occupied residential units with long-term tenants paying below-market rents, offering immediate income with plenty of room to increase cash flow. The two commercial storefronts are vacant, and the City of Scranton has approved their conversion into two additional residential units, giving the next owner the opportunity to create a fully residential 5-unit building and significantly increase rental income. Whether you're an experienced investor or looking to grow your portfolio, this property offers immediate cash flow, value-add potential, low carrying costs, and the opportunity to build long-term equity. Video of all units available upon request.
Status Change Information
- Major Change Timestamp
- 2026-07-14T22:57:47Z
- Major Change Type
- New Listing
- Status Change Timestamp
- 2026-07-14
More Information
Unit 1
- Unit #
- Yes
- Actual Rent
- 800
- SqFt Total
- 1200
- Dining Room YN
- Yes
- Kitchen YN
- Yes
Unit 2
- Unit #
- 2
- Actual Rent
- 800
- SqFt Total
- 800
- Dining Room YN
- No
- Kitchen YN
- Yes
Unit 3
- Unit #
- 3
- Actual Rent
- 750
- SqFt Total
- 800
- Dining Room YN
- No
- Kitchen YN
- Yes
Unit 4
- Unit #
- Vacant Store
- SqFt Total
- 1000
- Dining Room YN
- No
- Kitchen YN
- No
Unit 5
- Unit #
- Vacant Store
- SqFt Total
- 1000
- Dining Room YN
- No
- Kitchen YN
- No
Listing Office:
The Hub Real Estate Group Scranton
Last Updated: August - 14 - 2026
Information deemed reliable but not guaranteed.