414 Hickory and 501 Cedar Avenue, Scranton, PA 18505 (MLS# SC-251062)
414 Hickory and 501 Cedar Avenue, Scranton, PA 18505
$450,000
Property Type:
Residential Income
Bedrooms:
10
Baths:
8
Lot Size (sq. ft.):
7,405
Status:
Closed
Current Price:
$450,000
List Date:
3/13/2025
Last Modified:
5/09/2025
Description
This multi-unit property consists of two buildings featuring seven residential apartments and one commercial storefront, offering a strong investment opportunity with separate electric for each unit. The property is fully occupied with long-term tenants, all on month-to-month leases, providing flexibility for future plans.
With high rental demand and plenty of potential, this property is a great opportunity for investors looking to add value. While the buildings do require some TLC, they offer an excellent foundation for growth. Conveniently located in a desirable area, this property presents a steady income stream with room for improvements to maximize returns.
Don't miss out on this versatile investment—schedule a showing today!
More Information MLS# SC-251062
Contract Information
Current Price: $450,000
Sold Price: $450,000
Status: Closed
List Date: 2025-03-13
Property Type: Multi Family
Property Attached YN: No
Listing Agreement: Exclusive Right To Sell
Listing Service: Full Service
Owner Name: Five Hundred One Cedar L L C Entec
Location Tax and Legal
House # (1): 414
Street Name: Hickory and 501 Cedar
Street Suffix: Avenue
City (Post Office): Scranton
State/Province: PA
Zip Code: 18505
County: Lackawanna
Geo Lat: 41.400882
Geo Lon: -75.665732
General Property Information
Total Bedrooms: 10
Total Bathrooms: 8
Total Full Baths: 7
Above Grade Finished Area: 5600
Below Grade Unfinished Area: 1400
Year Built: 1930
Year Built Source: Public Records
New Construction YN: No
Garage YN: No
Lot Size Acres: 0.17
Lot Size Dimensions: 49X150X56X46X7X104
Lot Dimensions Source: Public Records
Association YN: No
Waterfront YN: No
Basement YN: No
Furnished: Unfurnished
Units Furnished: None
Fireplace YN: No
Spa YN: No
Senior Community YN: No
Rent Control YN: No
Remarks and Miscellaneous
Public Remarks: This multi-unit property consists of two buildings featuring seven residential apartments and one commercial storefront, offering a strong investment opportunity with separate electric for each unit. The property is fully occupied with long-term tenants, all on month-to-month leases, providing flexibility for future plans.
With high rental demand and plenty of potential, this property is a great opportunity for investors looking to add value. While the buildings do require some TLC, they offer an excellent foundation for growth. Conveniently located in a desirable area, this property presents a steady income stream with room for improvements to maximize returns.
Don't miss out on this versatile investment—schedule a showing today!
Status Change Information
Major Change Timestamp: 2025-05-09T18:25:54Z
Major Change Type: Status Change
Status Change Timestamp: 2025-05-09
PurchaseContractDate: 2025-03-18
CloseDate: 2025-05-09
ClosePrice: 450000
Concessions: No
Buyer Financing: Cash
Unit 1
Unit #: 1
Actual Rent: 550
SqFt Total: 700
Baths Total: 1
Beds Total: 1
Dining Room YN: Yes
Kitchen YN: Yes
Living Room YN: Yes
Unit 3
Unit #: 3
Unit 4
Unit #: 4
Unit 5
Unit #: 501 cedar 1
Unit 6
Unit #: cedar 2
Unit 7
Unit #: 501 cedar 3
Unit 8
Unit #: cedar storefront
Unit Details
1 Bedroom: 4
Property Features
Community Features: None
Construction Materials: Brick; Vinyl Siding
Cooling: None
Fencing: None
Fireplace Features: None
Heating: Natural Gas
Levels: Three Or More
Listing Terms: Cash
Lot Features: City Lot; Interior Lot
Pool Features: None
Roof: Flat
Sewer: Public Sewer
Showing Requirements: 24 Hour Notice; Appointment Only
View: Neighborhood
Water Source: Public
Listing Office: ERA One Source Realty
Last Updated: May - 09 - 2025
Information deemed reliable but not guaranteed.