521-523 Cedar Avenue, Scranton, PA 18505
New Listing
$399,900
Property Type:
Residential Income
Bedrooms:
8
Baths:
5
Lot Size (sq. ft.):
6,141,960
Status:
Active
Current Price:
$399,900
List Date:
10/29/2026
Last Modified:
10/29/2026
Listing Details MLS# SC-265463
General Property Information
- Number Of Units Total
- 5
- Bedrooms Total
- 8
- Bathrooms Total
- 5
- Bathrooms Full
- 3
- Bathrooms Half
- 2
- Above Grade Finished Area
- 5262
- Living Area
- 5262
- Enhanced Accessible
- No
- Year Built
- 1930
- Year Built Source
- Other
- New Construction YN
- No
- Garage YN
- No
- Lot Size Acres
- 141
- Lot Size Dimensions
- Above
- Waterfront YN
- No
- Basement YN
- Yes
- Stories
- 2
- Auction YN
- No
- List Price/SqFt
- 76
Property Features
Appliances:
Range; Refrigerator
Basement:
Full
Cooling:
None
Current Use:
Multi-Family
Heating:
Electric; Natural Gas
Owner Pays:
Hot Water; Sewer; Water
Roof:
Rubber
Sewer:
Public Sewer
Showing Requirements:
Combination Lock Box; Occupied
Structure Type:
Multi Family
Tenant Pays:
Electricity; Gas
Water Source:
Public
Contract Information
- Listing Contract Date
- 2026-10-29
- Property Sub Type
- Multi Family
- Listing Agreement
- Exclusive Right To Sell
- Owner Name
- BP Real Estate Investment Group, LLC
Location Tax and Legal
- Street Number
- 521-523
- Street Name
- Cedar
- Street Suffix
- Avenue
- State
- PA
- Postal Code
- 18505
- County
- Lackawanna
Remarks and Miscellaneous
- Public Remarks
- Presenting a rare 5-unit multi-family income property situated on a desirable Scranton street, blending two first-floor commercial units with three residential apartments in one well-positioned building. The property is surrounded by a healthy mix of established businesses and residences, creating an attractive, high-visibility area with steady foot and vehicle traffic. Unit A is currently leased at $795 per month on a 12-month lease, providing immediate income from day one. Unit B has been newly remodeled and is turnkey-ready for the market, while Unit C was recently updated in 2025 and shows well throughout. Units D and E are also vacant, offering the incoming owner a clear value-add path to stabilize the building. Once fully leased, the property should generate upwards of nearly $4,000 per month in gross rents. The seller has already made meaningful capital improvements, including a new roof over the sections of the building covering the residential area, along with exterior trim, gutter, and fascia repairs. With income in place, updated space ready to lease, and major capital work already handled, this is a strong opportunity for an investor seeking cash flow and upside in one package.
Status Change Information
- Major Change Timestamp
- 2026-10-29T15:26:07Z
- Major Change Type
- New Listing
- Status Change Timestamp
- 2026-10-29
More Information
Unit 1
- Unit #
- A
- Actual Rent
- 795
- SqFt Total
- 750
- Rooms Total
- 4
- Dining Room YN
- No
- Kitchen YN
- Yes
Unit 2
- Unit #
- B
- Actual Rent
- 950
- SqFt Total
- 750
- Rooms Total
- 4
- Dining Room YN
- No
- Kitchen YN
- Yes
- Unit Remarks
- Vacant
Unit 3
- Unit #
- C
- Actual Rent
- 795
- SqFt Total
- 750
- Dining Room YN
- No
- Kitchen YN
- Yes
- Unit Remarks
- Vacant
Unit 4
- Unit #
- D
- Actual Rent
- 695
- SqFt Total
- 600
- Dining Room YN
- No
- Kitchen YN
- Yes
- Unit Remarks
- Vacant
Unit 5
- Unit #
- E
- Actual Rent
- 695
- SqFt Total
- 600
- Dining Room YN
- No
- Kitchen YN
- Yes
- Unit Remarks
- Vacant
Listing Office:
Kingsway Realty
Last Updated: October - 29 - 2026
Information deemed reliable but not guaranteed.