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7 Beds
3 Baths
4,500 sqft

$349,995

501-503 Cedar Avenue, Scranton PA, 18505

Price per sqft$77.78
Built in1900
Property size4,500 sqft
Property typeMulti-family
Courtesy of The Hub Real Estate Group Scranton, Pat Rogan Listing Contact: (570) 507-0627

Overview

Active

Listed Jul 14, 2026

Updated Aug 15

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.

$2,329/mo

Est. mortgage payment based on a $349,995 home price.

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

Additional information

MLS® ID
SC263409

Interior Features

Bedrooms
7
Bathrooms
3
Basement
Yes

Exterior Features

Lot Size
0.1 Acres

Other Property Details

Taxes
$4,655
Tax Frequency
Annually

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 2:56 AM UTC on 8/15/2026. 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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