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

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 pa ...

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.