925 Prospect Avenue, Scranton, PA 18505
$3,650,000
Property Type:
Commercial Sale
Square Footage:
42,050
Lot Size (sq. ft.):
42,253
Status:
Active
Current Price:
$3,650,000
List Date:
2/05/2026
Last Modified:
2/05/2026
Overview
Description
...
(Read more)
Introducing Goodwill Residences, a well-maintained, fully occupied 36-unit multifamily asset offering a rare combination of scale, condition, and location. Situated on nearly one acre, this impressive 42,050 square-foot building features a mix of one- and two-bedroom apartments, all thoughtfully designed to provide comfort, accessibility, and long-term tenant appeal.
Housed in a beautifully repurposed historic former high school, the property blends timeless architectural character with modern functionality. Residents enjoy high ceilings, open floor plans, abundant natural light, modern kitchens, large closets, and individually controlled heating and cooling. Select units are handicap accessible, enhancing inclusivity and broadening the tenant base.
The building is meticulously maintained and offers a range of desirable amenities including on-site laundry facilities, a community kitchen, library, and wall-to-wall carpeting throughout. The property also includes over 17 on-site parking spaces, a valuable feature for residents and visitors alike.
In addition to the residential component, the commercial portion of the building offers office space and a gym, providing significant upside potential for additional income, adaptive reuse, or expanded services.
Ideally located just minutes from downtown Scranton, the property offers convenient access to I-81, hospitals, parks, shopping, and essential services—making it an attractive and affordable housing option for senior residents while maintaining strong occupancy and stability.
Listing Details MLS# SC-260464
General Property Information
- Business Name
- Good Will Residences and Community Center
- Number Of Buildings
- 2
- Number Of Units Total
- 37
- Building Area Total
- 42050
- Building Area Total (Report Only)
- 42050
- Enhanced Accessible
- Yes
- Year Built
- 1897
- Year Built Details
- 1897 Built and Remodeled and Renovated in 1997
- Parking Total
- 17
- Lot Size Acres
- 0.97
- Lot Size Dimensions
- 290x145
- Lot Dimensions Source
- Public Records
- Land Lease YN
- No
- Waterfront YN
- No
- Basement YN
- Yes
- Stories
- 3
- Rent Control YN
- No
- Auction YN
- No
- List Price/SqFt
- 86.8
Property Features
Accessibility Features:
Accessible Entrance
Basement:
Full
Building Features:
Finished Office; See Remarks
Business Type:
Professional/Office; Recreation; Residential
Construction Materials:
Brick; Stone
Cooling:
Central Air
Current Financing:
Commercial Loan; Conventional
Current Use:
See Remarks
Fencing:
None
Flooring:
Carpet; Tile
Heating:
Natural Gas
Listing Terms:
Cash; Conventional
Lot Features:
City Lot
Parking Features:
See Remarks
Possession:
Close Of Escrow
Possible Use:
Residential
Property Condition:
Updated/Remodeled
Road Frontage Type:
City Street
Road Surface Type:
Asphalt
Roof:
Asphalt; Rolled/Hot Mop
Sewer:
Public Sewer
Tenant Pays:
See Remarks
Water Source:
Public
Showing Requirements:
24 Hour Notice; Appointment Only
Contract Information
- Listing Contract Date
- 2026-02-05
- Property Sub Type
- Mixed Use
- Listing Agreement
- Exclusive Right To Sell
- Listing Service
- Full Service
- Owner Name
- Goodwill Residence LLC
- Availability Date
- 2026-02-06
- Environmental Survey YN
- No
Location Tax and Legal
- Street Number
- 925
- Street Name
- Prospect
- Street Suffix
- Avenue
- State
- PA
- Postal Code
- 18505
- County
- Lackawanna
Remarks and Miscellaneous
- Public Remarks
- Introducing Goodwill Residences, a well-maintained, fully occupied 36-unit multifamily asset offering a rare combination of scale, condition, and location. Situated on nearly one acre, this impressive 42,050 square-foot building features a mix of one- and two-bedroom apartments, all thoughtfully designed to provide comfort, accessibility, and long-term tenant appeal. Housed in a beautifully repurposed historic former high school, the property blends timeless architectural character with modern functionality. Residents enjoy high ceilings, open floor plans, abundant natural light, modern kitchens, large closets, and individually controlled heating and cooling. Select units are handicap accessible, enhancing inclusivity and broadening the tenant base. The building is meticulously maintained and offers a range of desirable amenities including on-site laundry facilities, a community kitchen, library, and wall-to-wall carpeting throughout. The property also includes over 17 on-site parking spaces, a valuable feature for residents and visitors alike. In addition to the residential component, the commercial portion of the building offers office space and a gym, providing significant upside potential for additional income, adaptive reuse, or expanded services. Ideally located just minutes from downtown Scranton, the property offers convenient access to I-81, hospitals, parks, shopping, and essential services—making it an attractive and affordable housing option for senior residents while maintaining strong occupancy and stability.
Status Change Information
- Major Change Timestamp
- 2026-02-05T21:13:49Z
- Major Change Type
- New Listing
- Status Change Timestamp
- 2026-02-05
More Information
Building Features
- Number of Levels
- 3
Listing Office:
ERA One Source Realty
Last Updated: February - 05 - 2026
Information deemed reliable but not guaranteed.