545 Prescott Avenue, Scranton, PA 18510 (MLS# SC-250984)
545 Prescott Avenue, Scranton, PA 18510
$449,000
















































Property Type:
Residential Income
Bedrooms:
8
Baths:
4
Lot Size (sq. ft.):
2,614
Status:
Active
Current Price:
$449,000
List Date:
3/10/2025
Last Modified:
3/10/2025
Description
Exceptional Income-Producing Property!
This 4-unit multifamily property offers outstanding income potential, making it an ideal opportunity for both seasoned and first-time investors. Featuring nicely updated, well-maintained units with thoughtful layouts, this property ensures tenant satisfaction and consistent occupancy.
Located just blocks from the University of Scranton, Geisinger Medical College, major hospitals, and shopping hubs, this prime location attracts a wide range of tenants, including students, medical professionals, and those seeking convenience.
For investors, this property is a turn-key investment ready to generate solid rental income immediately. It offers a perfect balance of immediate returns and long-term growth potential, making it an excellent addition to any portfolio.
In a high-demand rental area, this opportunity won't last long. Secure this income-producing property and add a valuable asset to your portfolio today!
Also available is MLS SC-250982.
More Information MLS# SC-250984
Contract Information
Current Price: $449,000
List Price: $449,000
Status: Active
Listing Contract Date: 2025-03-07
Property Sub Type: Multi Family
Listing Agreement: Exclusive Agency
Owner Name: 545 Prescott LLC
Location Tax and Legal
Street Number: 545
Street Name: Prescott Avenue
State: PA
Postal Code: 18510
County: Lackawanna
General Property Information
Number Of Units Total: 4
Bedrooms Total: 8
Bathrooms Total: 4
Bathrooms Full: 4
Above Grade Finished Area: 4092
Below Grade Unfinished Area: 1471
Living Area: 4092
Enhanced Accessible: No
Year Built: 1930
Year Built Source: Other
New Construction YN: No
Lot Size Acres: 0.06
Lot Size Dimensions: 53X50X56X50
Waterfront YN: No
Basement YN: Yes
Stories: 3
Auction YN: No
List Price/SqFt: 109.73
Remarks and Miscellaneous
Public Remarks: Exceptional Income-Producing Property!
This 4-unit multifamily property offers outstanding income potential, making it an ideal opportunity for both seasoned and first-time investors. Featuring nicely updated, well-maintained units with thoughtful layouts, this property ensures tenant satisfaction and consistent occupancy.
Located just blocks from the University of Scranton, Geisinger Medical College, major hospitals, and shopping hubs, this prime location attracts a wide range of tenants, including students, medical professionals, and those seeking convenience.
For investors, this property is a turn-key investment ready to generate solid rental income immediately. It offers a perfect balance of immediate returns and long-term growth potential, making it an excellent addition to any portfolio.
In a high-demand rental area, this opportunity won't last long. Secure this income-producing property and add a valuable asset to your portfolio today!
Also available is MLS SC-250982.
Status Change Information
Major Change Timestamp: 2025-03-10T17:10:07Z
Major Change Type: New Listing
Status Change Timestamp: 2025-03-10
Unit 1
Unit #: 1
Actual Rent: 1300
SqFt Total: 1392
Baths Total: 1
Beds Total: 3
Dining Room YN: No
Kitchen YN: Yes
Unit 2
Unit #: 2
Actual Rent: 1000
SqFt Total: 614
Baths Total: 1
Beds Total: 1
Dining Room YN: No
Kitchen YN: Yes
Unit 3
Unit #: 3
Actual Rent: 900
SqFt Total: 614
Baths Total: 1
Beds Total: 1
Dining Room YN: No
Kitchen YN: Yes
Unit 4
Unit #: 4
Actual Rent: 1250
SqFt Total: 1197
Baths Total: 1
Beds Total: 3
Dining Room YN: Yes
Kitchen YN: Yes
Meter Information
Number Of Separate Electric Meters: 4
Number Of Separate Gas Meters: 4
Number Of Separate Water Meters: 1
Property Features
Basement: Unfinished
Cooling: None
Current Use: Investment; Multi-Family
Flooring: Tile; Wood
Heating: Baseboard; Electric; Natural Gas
Levels: Three Or More
Lot Features: Corner Lot; Irregular Lot
Owner Pays: Repairs; Sewer; Trash Collection; Water
Parking Features: On Street; Paved
Possession: Close Of Escrow
Road Surface Type: Asphalt
Roof: Composition
Sewer: Public Sewer
Showing Requirements: 24 Hour Notice; Appointment Only; Security System
Structure Type: Multi Family
Tenant Pays: Electricity; Gas
Water Source: Public
Listing Office: Berkshire Hathaway Home Services Preferred Properties
Last Updated: March - 10 - 2025
Information deemed reliable but not guaranteed.