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18 Beds
14 Baths
12,500 sqft

$3,499,995

115-117 Penn Avenue, Scranton PA, 18503

Price per sqft$280.00
Built in1910
Property size12,500 sqft
Property typeMulti-family
Courtesy of The Hub Real Estate Group Scranton, Pat Rogan Listing Contact: (570) 507-0627

Overview

Active

Listed Jun 22, 2026

Updated Jun 24

Exceptional investment opportunity located in downtown Scranton, featuring a fully renovated 14-unit mixed-use property generating approximately 290,000 in annual gross rental income.This turnkey asset consists of 5 two-bedroom apartments, 6 one-bedroom apartments, 1 studio apartment, and 2 commercial storefronts. The building has undergone a complete stud-to-gut renovation and showcases high-end finishes throughout, including exposed brick, modern fixtures, and quality craftsmanship that sets it apart from typical multifamily inventory.All units are separately metered with tenants paying all utilities, creating a strong, low-expense operating model. The property also offers ample on-site parking, strong tenant demand driven by its central downtown location, and meaningful upside through future rent growth.Further enhancing the investment profile, the property benefits from exceptionally low real estate taxes, making this a rare combination of stabilized cash flow and long-term appreciation potential in a revitalizing urban core.A true turnkey, low-maintenance mixed-use asset in one of Scranton's most active and improving downtown corridors.

$23,286/mo

Est. mortgage payment based on a $3,499,995 home price.

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

Additional information

MLS® ID
SC262949

Interior Features

Bedrooms
18
Bathrooms
14
Basement
Yes

Exterior Features

Lot Size
0.25 Acres

Other Property Details

Taxes
$10,783
Tax Frequency
Annually

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

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Melanie Mott shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Properties displayed may be listed or sold by various participants in the MLS.

Based on information submitted to the MLS GRID as of 12:37 PM UTC on 6/24/2026. 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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