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.
For sale
$689,000
1401 Prospect Ave, Scranton, PA 18505
12beds
6,150sqft
Est.:
Multi Family
Built in 1940
-- sqft lot
$-- Zestimate®
$112/sqft
$-- HOA
What's special
Large corner lot
- 19 days |
- 553 |
- 34 |
Zillow last checked: 7 hours ago
Listing updated: April 06, 2026 at 08:27am
Listed by:
Michael Cassidy Rollin,
Nisk Real Estate 844-855-6475
Source: GSBR as distributed by MLS GRID,MLS#: SC261138
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 12
- Bathrooms: 6
- Full bathrooms: 6
Appliances
- Included: Electric Cooktop, Refrigerator, Electric Oven
Features
- Basement: Concrete,Unfinished
Interior area
- Total structure area: 6,150
- Total interior livable area: 6,150 sqft
- Finished area above ground: 4,950
- Finished area below ground: 1,200
Property
Parking
- Total spaces: 1
- Parking features: Garage, On Street
- Garage spaces: 1
- Has uncovered spaces: Yes
Features
- Stories: 3
- Exterior features: Balcony
Lot
- Size: 5,662.8 Square Feet
- Dimensions: 37 x 150
Details
- Parcel number: 2024 01203
- Zoning: Multi-Family
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Roof: Shingle
Condition
- New construction: No
- Year built: 1940
Utilities & green energy
- Electric: 100 Amp Service
- Utilities for property: Electricity Connected, Water Connected, Natural Gas Connected
Community & HOA
Location
- Region: Scranton
Financial & listing details
- Price per square foot: $112/sqft
- Tax assessed value: $16,000
- Annual tax amount: $5,187
- Date on market: 3/23/2026
- Cumulative days on market: 20 days
- Exclusions: Extra hot water heaters in basement.
- Total actual rent: 74880
- Tenant pays: Electricity, Gas
- Electric utility on property: Yes
Estimated market value
Not available
Estimated sales range
Not available
$1,470/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 3/23/2026 | Listed for sale | $689,000+3.6%$112/sqft |
Source:  GSBR as distributed by MLS GRID #SC261138 Report a problem | ||
| 1/24/2024 | Sold | $665,000-5.5%$108/sqft |
Source: GSBR as distributed by MLS GRID #233980 Report a problem | ||
| 11/27/2023 | Pending sale | $704,000$114/sqft |
Source: GSBR as distributed by MLS GRID #23-3980 Report a problem | ||
| 11/11/2023 | Price change | $704,000+64.1%$114/sqft |
Source: GSBR as distributed by MLS GRID #23-3980 Report a problem | ||
| 11/11/2023 | Price change | $429,000-9.7%$70/sqft |
Source: GSBR as distributed by MLS GRID #23-3116 Report a problem | ||
| 10/17/2023 | Listed for sale | $475,000$77/sqft |
Source: GSBR as distributed by MLS GRID #23-3116 Report a problem | ||
| 10/7/2023 | Pending sale | $475,000-37.9%$77/sqft |
Source: GSBR as distributed by MLS GRID #23-3116 Report a problem | ||
| 9/15/2023 | Price change | $765,000+61.1%$124/sqft |
Source: GSBR as distributed by MLS GRID #23-3980 Report a problem | ||
| 8/15/2023 | Price change | $475,000-4.8%$77/sqft |
Source: GSBR as distributed by MLS GRID #23-3116 Report a problem | ||
| 7/26/2023 | Listed for sale | $499,000+81.5%$81/sqft |
Source: GSBR as distributed by MLS GRID #23-3116 Report a problem | ||
| 3/18/2022 | Sold | $275,000-4.8%$45/sqft |
Source: GSBR as distributed by MLS GRID #212748 Report a problem | ||
| 12/7/2021 | Pending sale | $289,000$47/sqft |
Source: GSBR as distributed by MLS GRID #21-2748 Report a problem | ||
| 10/26/2021 | Listed for sale | $289,000+78.4%$47/sqft |
Source: GSBR as distributed by MLS GRID #21-2748 Report a problem | ||
| 10/11/2013 | Sold | $162,000+47.3%$26/sqft |
Source: Public Record Report a problem | ||
| 10/30/2009 | Sold | $110,000$18/sqft |
Source: Public Record Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $4,744 | $16,000 |
| 2023 | $4,744 +150% | $16,000 |
| 2022 | $1,898 | $16,000 |
| 2021 | $1,898 -56.5% | $16,000 |
| 2020 | $4,358 +1.7% | $16,000 |
| 2018 | $4,284 +227.1% | $16,000 |
| 2017 | $1,309 | $16,000 |
| 2016 | -- | $16,000 |
| 2015 | -- | $16,000 |
| 2014 | $3,165 | $16,000 |
| 2013 | -- | $16,000 |
| 2012 | -- | $16,000 |
| 2011 | -- | $16,000 |
| 2010 | -- | $16,000 |
| 2009 | -- | $16,000 |
| 2008 | -- | $16,000 |
| 2007 | -- | $16,000 |
| 2006 | -- | $16,000 |
| 2005 | -- | $16,000 |
| 2004 | -- | $16,000 |
| 2003 | -- | $16,000 |
| 2002 | -- | $16,000 |
| 2000 | -- | $16,000 |
Find assessor info on the county website
Monthly payment
Est. payment
$4,123/mo
Principal & interest
$3319
Property taxes
$804
More affordability tools
Climate risks
Neighborhood: The Flats
Nearby schools
GreatSchools rating
- 3/10Mcnichols PlazaGrades: K-4Distance: 0.3 mi
- 5/10South Scranton Intermediate SchoolGrades: 5-8Distance: 0.5 mi
- 4/10West Scranton High SchoolGrades: 9-12Distance: 1.6 mi
Local experts in 18505
- Pennsylvania
- Lackawanna County
- Scranton
- 18505
- The Flats
- 1401 Prospect Ave
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