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42,050 sqft

$3,650,000

925 Prospect Avenue, Scranton PA, 18505

Price per sqft$86.80
Built in1897
Property size42,050 sqft
Property typeCommercial
Courtesy of ERA One Source Realty, Leah Gianacopoulos Listing Contact: (570) 587-9999

Overview

Active

Listed Feb 5, 2026

Updated Jun 4

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.

Other Property Details

Taxes
$27,693
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 1:33 PM UTC on 6/4/2026. 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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