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8 Beds
5 Baths
5,262 sqft

$399,900

521-523 Cedar Avenue, Scranton PA, 18505

Price per sqft$76.00
Built in1930
Property size5,262 sqft
Property typeMulti-family
Courtesy of Kingsway Realty, Lynn Zimmerman Listing Contact: (717) 569-8701

Overview

Active

Listed Oct 29, 2026

Updated 10 days ago

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.

$2,661/mo

Est. mortgage payment based on a $399,900 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
SC265463

Interior Features

Bedrooms
8
Bathrooms
5
Heating
Yes
Basement
Yes

Exterior Features

Lot Size
141 Acres

Listings courtesy of Greater Scranton Board of REALTORS® as distributed by MLS GRID

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Based on information submitted to the MLS GRID as of 3:24 AM UTC on 10/31/2026. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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Greater Scranton Board of REALTORS® . All rights reserved.

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