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$635,000
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1401 Prospect Avenue Overview
- Time on Site:
- 99 days
- Visits:
- 1
Well-maintained 6-unit multifamily property situated on a large corner lot in South Scranton. This income-producing asset features units in good overall condition, requiring minimal immediate capital improvements. Tenants are responsible for their own gas and electric, helping to keep operating expenses low. The property also includes a 2-car garage and offers strong rental potential for both seasoned investors and those looking to expand their portfolio.
Listing provided courtesy of Nisk Real EstateGreater Scranton MLS- MLS# GSBSC261138
Contact Information: [email protected] - (844) 855-6475
Contact Information: [email protected] - (844) 855-6475Love this property?
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1401 Prospect Avenue Facts & Features
- Type Multi-Family
- Sq. ft. 6,150
- Price/Sq.ft. $103
- Lot 0.13 Acres
Details
General
School Information
- School District: Scranton
Building Information
- New Construction: false
- Year Built: 1940
Business Information
- Current Use: Multi-Family
Location/Region
- County Or Parish: Lackawanna
Rent/Lease Information
- Tenant Pays: Electricity,Gas
Tax Information
- Tax Annual Amount: 5187.59
- Tax Assessed Value: 16000
- Tax Year: 2025
General Information
- Exclusions: Extra hot water heaters in basement.
- Furnished: Unfurnished
- Parcel Number: 2024 01203
- Property Sub Type: Multi Family
- Property Type: Residential Income
- Zoning: Multi-Family
Interior
Parking Information
- Garage Spaces: 1
- Garage: true
Beds/Baths
- Bathrooms Full: 6
- Bathrooms Half: 0
- Bathrooms Total: 6
- Bedrooms Total: 12
Building Interior
- Above Grade Finished Area: 4950
- Below Grade Finished Area: 1200
General Information
- Appliances: Electric Cooktop,Refrigerator,Electric Oven
- Electric: 100 Amp Service
- Living Area: 6150
- Stories: 3
Exterior
Parking Information
- Parking Features: Garage,On Street
Lot Information
- Lot Size Acres: 0.13
- Lot Size Dimensions: 37X150
- Number Of Separate Electric Meters: 6
- Number Of Separate Gas Meters: 6
- Number Of Separate Water Meters: 1
Waterfront/View
- Waterfront: false
Building Exterior/Construction
- Roof: Shingle
General Information
- Exterior Features: Balcony
- Number Of Units Total: 6
- Utilities: Electricity Connected,Water Connected,Natural Gas Connected
Unit Information
Unit 1 Details
- Unit Type: Unit 1
- Actual Rent: 840
- Beds Total: 1
- Baths Total: 1
Unit 2 Details
- Unit Type: Unit 2
- Actual Rent: 950
- Beds Total: 2
- Baths Total: 1
Unit 3 Details
- Unit Type: Unit 3
- Actual Rent: 860
- Beds Total: 1
- Baths Total: 1
Unit 4 Details
- Unit Type: Unit 4
- Actual Rent: 1300
- Beds Total: 3
- Baths Total: 1
- Description: $1,300 Projected
Unit 5 Details
- Unit Type: Unit 5
- Actual Rent: 1190
- Beds Total: 3
- Baths Total: 1
Unit 6 Details
- Unit Type: Unit 6
- Actual Rent: 1100
- Beds Total: 2
- Baths Total: 1
1401 Prospect Avenue Neighborhood
Community
18505 (Scranton) Demographics
37
Median Age
2,481
Population Density (per sq. mile)
32%
College Educated
$42,463
Estimated Median Income
4,662
Estimated Total Home Owners
4,256
Estimated Total Renters
52% / 48%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
1401 Prospect Avenue Monthly Cost
1401 Prospect Avenue Market Data
Based on the last 30 days in this zip code
$273,844
Average List Price
$133
Average Price per Square Foot
12
Properties Sold
97
Average Days on Market
54
Properties for Sale
1401 Prospect Avenue History
| Date | Value | Agent |
|---|---|---|
| 6/16/2026Source: Greater Scranton MLS | $635,000 -2.3% |
|
| 5/8/2026Source: Greater Scranton MLS | $650,000 -5.7% |
|
| 3/23/2026Source: Greater Scranton MLS | March 23, 2026 |