517 Stafford Avenue, Scranton, PA 18505 (MLS# SC-251961)

517 Stafford Avenue, Scranton, PA 18505

$366,000

Property Type: Residential Income Bedrooms: 6 Baths: 3 Lot Size (sq. ft.): 6,534 Status: Closed

Current Price: $366,000 List Date: 4/29/2025 Last Modified: 6/11/2025

Description

Beautifully renovated three-unit property located in a prime area of South Scranton, just minutes from Downtown and convenient access to the Interstate. This fully updated investment features newer plumbing, electrical systems, and newer single layer roof, ensuring long-term peace of mind. Each unit offers nicely designed layouts with spacious bedrooms, hardwood and tile flooring throughout, and ample storage space for tenants. Units are on separate heat and electric, with the potential for separate water, maximizing efficiency and your bottom line. Currently generating a strong gross annual income of $37,800 through reasonably priced leases, this property also boasts front and rear porches for the first and second floors, with the third floor offering a rear porch—each providing scenic city views. Enclosed front and rear entrances add both charm and security. Additional highlights include off-street parking for two vehicles, a detached 1.5-bay garage with rental potential, and a generous backyard space for tenants to enjoy. This turn-key investment presents strong rental demand and immediate high-income potential.

More Information MLS# SC-251961

Contract Information

Current Price: $366,000 Sold Price: $366,000 Status: Closed Listing Contract Date: 2025-04-29 Property Sub Type: Multi Family Listing Agreement: Exclusive Right To Sell Owner Name: Thomas Ciccotti

Location Tax and Legal

Street Number: 517 Street Name: Stafford Street Suffix: Avenue State: PA Postal Code: 18505 County: Lackawanna

General Property Information

Number Of Units Total: 3 Bedrooms Total: 6 Bathrooms Total: 3 Bathrooms Full: 3 Above Grade Finished Area: 2808 Below Grade Unfinished Area: 895 Living Area: 2808 Enhanced Accessible: No Year Built: 1930 Year Built Source: Estimated New Construction YN: No Garage Spaces: 2 Lot Size Acres: 0.15 Lot Size Dimensions: 45X150 Waterfront YN: No Basement YN: Yes Stories: 3 Auction YN: No List Price/SqFt: 127.85 Sold Price/SqFt: 130.34

Remarks and Miscellaneous

Public Remarks: Beautifully renovated three-unit property located in a prime area of South Scranton, just minutes from Downtown and convenient access to the Interstate. This fully updated investment features newer plumbing, electrical systems, and newer single layer roof, ensuring long-term peace of mind. Each unit offers nicely designed layouts with spacious bedrooms, hardwood and tile flooring throughout, and ample storage space for tenants. Units are on separate heat and electric, with the potential for separate water, maximizing efficiency and your bottom line. Currently generating a strong gross annual income of $37,800 through reasonably priced leases, this property also boasts front and rear porches for the first and second floors, with the third floor offering a rear porch—each providing scenic city views. Enclosed front and rear entrances add both charm and security. Additional highlights include off-street parking for two vehicles, a detached 1.5-bay garage with rental potential, and a generous backyard space for tenants to enjoy. This turn-key investment presents strong rental demand and immediate high-income potential.

Status Change Information

Major Change Timestamp: 2025-06-11T03:26:53Z Major Change Type: Status Change Status Change Timestamp: 2025-06-10 Purchase Contract Date: 2025-05-06 Close Date: 2025-06-10 Close Price: 366000 Concessions: No Buyer Financing: Conventional

Income and Expenses

Gross Income: 37800 Insurance Expense: 1185 Water Expense: 3600

Unit 1

Unit #: 1 Actual Rent: 1150 SqFt Total: 958 Baths Total: 1 Beds Total: 2 Dining Room YN: No Kitchen YN: Yes Occupied YN: Yes Unit Remarks: month to month lease

Unit 2

Unit #: 2 Actual Rent: 1150 SqFt Total: 958 Baths Total: 1 Beds Total: 2 Dining Room YN: No Kitchen YN: Yes Unit Remarks: month to month lease

Unit 3

Unit #: 3 Actual Rent: 850 SqFt Total: 860 Baths Total: 1 Beds Total: 2 Dining Room YN: No Kitchen YN: Yes Unit Remarks: month to month lease

Meter Information

Number Of Separate Electric Meters: 3 Number Of Separate Gas Meters: 3

Property Features

Appliances: Electric Range; Refrigerator Basement: Full; Unfinished Current Use: Residential Flooring: Hardwood; Tile Heating: Forced Air; Natural Gas; Steam Laundry Features: Electric Dryer Hookup; Lower Level; Washer Hookup Listing Terms: Cash; Conventional; FHA; VA Loan Lot Features: Back Yard Owner Pays: Sewer; Water Parking Features: Additional Parking; Detached; Off Street; On Street Patio And Porch Features: Covered; Front Porch; Rear Porch Possession: Close Of Escrow Property Condition: Updated/Remodeled Roof: Asphalt Security Features: Carbon Monoxide Detector(s); Smoke Detector(s) Sewer: Public Sewer Showing Requirements: 24 Hour Notice; Combination Lock Box; Lockbox; Occupied Structure Type: Multi Family Tenant Pays: Cable TV; Electricity; Gas View: Neighborhood; Valley Water Source: Public

Listing Office: Keller Williams Real Estate-Clarks Summit

Last Updated: June - 11 - 2025

Information deemed reliable but not guaranteed.