518 Prospect Ave
Scranton, PA 18505
Downtown
6 Beds
3 Baths
4,080 sqft
6 Beds
3 Baths
4,080 sqft
Local Information
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Description
Excellent investment opportunity in Scranton featuring a well-maintained 3-unit property with strong income potential. Unit 1 offers 3 bedrooms and 1 full bathroom and truly feels more like a home than an apartment. The unit features an updated kitchen with granite countertops and quality cabinetry, along with a bathroom that includes a whirlpool tub and separate shower. It also offers access to a private and spacious backyard that could easily be transformed into a beautiful garden or relaxing outdoor space. This unit will be vacant at closing, making it perfect for an owner-occupant or new tenant. Unit 2 features a comfortable 2 bedroom, 1 bath layout, while Unit 3 offers 1 bedroom, 1 bathroom, new flooring throughout, and a large walk-in closet. Major updates include a newer roof installed in 2021 and one furnace replaced in 2021, helping reduce future maintenance concerns. All tenants are currently on month-to-month leases.Conveniently located near shopping, restaurants, and major highways, this property is a great opportunity for investors or anyone looking to live in one unit while generating rental income from the others.
Home Highlights
Parking
No Info
Outdoor
No Info
HOA
None
Price/Sqft
$89
Listed
11 days ago
Home Details for 518 Prospect Ave
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Interior Details Basement: Concrete |
Beds & Baths Number of Bedrooms: 6Number of Bathrooms: 3Number of Bathrooms (full): 3 |
Dimensions and Layout Living Area: 4080 Square Feet |
Appliances & Utilities Appliances: Gas Range, Washer/Dryer, RefrigeratorRefrigerator |
Gas & Electric Electric: 200+ Amp Service |
Levels, Entrance, & Accessibility Stories: 3 |
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Finished Area Finished Area (above surface): 4080 Square Feet |
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Cumulative Days on Market: 10Days on Market: 11 |
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Year Built Year Built: 1940 |
Property Type / Style Property Type: Residential IncomeProperty Subtype: Multi Family, TriplexArchitecture: Traditional |
Building Not a New ConstructionNot Attached Property |
Property Information Parcel Number: 15616040019 |
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Price List Price: $365,000Price Per Sqft: $89 |
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MLS Status: Pending |
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Direction & Address City: Scranton |
School Information High School District: Scranton |
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Listing Agent Listing ID: SC262204 |
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Building Area Building Area: 4080 Square Feet |
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Lot Area: 5662.8 sqft |
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BasementMls Number: SC262204Above Grade Unfinished Area: 4080 |
Last check for updates: about 14 hours ago
Listing courtesy of The Adriana Jez Team
EXP Realty LLC, (888) 397-7352
Source: GSBR as distributed by MLS GRID, MLS#SC262204
Also Listed on GSBR as distributed by MLS GRID, eXp Realty.
Price History for 518 Prospect Ave
| Date | Price | Event | Source |
|---|---|---|---|
| 05/26/2026 | $365,000 | Pending | GSBR as distributed by MLS GRID #SC262204 |
| 05/15/2026 | $365,000 | Listed For Sale | GSBR as distributed by MLS GRID #SC262204 |
| 08/21/2025 | $332,000 | Sold | GSBR as distributed by MLS GRID #SC252571 |
| 06/20/2025 | $349,000 | Pending | GSBR as distributed by MLS GRID #SC252571 |
| 05/29/2025 | $349,000 | Listed For Sale | GSBR as distributed by MLS GRID #SC252571 |
| 09/11/2019 | $160,000 | Sold | N/A |
| 04/10/2016 | $565 | ListingRemoved | Agent Provided |
| 03/11/2016 | $565 | Listed For Rent | Agent Provided |
| 06/17/2015 | $550 | ListingRemoved | Agent Provided |
| 05/17/2015 | $550 | Listed For Rent | Agent Provided |
| 03/02/2015 | $725 | ListingRemoved | Agent Provided |
| 12/20/2014 | $725 | Listed For Rent | Agent Provided |
| 06/06/2013 | $725 | ListingRemoved | Agent Provided |
| 04/09/2013 | $525 | PriceChange | Agent Provided |
| 01/29/2013 | $725 | PriceChange | Agent Provided |
| 01/09/2013 | $750 | PriceChange | Agent Provided |
| 09/28/2012 | $725 | Listed For Rent | Agent Provided |
| 02/26/2012 | $525 | ListingRemoved | Agent Provided |
| 02/04/2012 | $525 | Listed For Rent | Agent Provided |
| 08/28/2011 | $625 | ListingRemoved | Agent Provided |
| 07/16/2011 | $625 | Listed For Rent | Agent Provided |
| 04/08/2011 | $525 | ListingRemoved | Agent Provided |
| 02/05/2011 | $525 | Listed For Rent | Agent Provided |
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Property Tax and Assessment
| Year | 2025 |
|---|---|
| Tax | $5,306 |
| Assessment | $16,000 |
Home facts updated by county records
Comparable Sales for 518 Prospect Ave
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.21 | Multi-Family Home | $325,000 | 08/26/25 | 8 | 3 | 3,444 | |
0.17 | Multi-Family Home | $237,350 | 10/29/25 | 6 | 2.5 | 2,484 | |
0.19 | Multi-Family Home | $255,000 | 11/17/25 | 10 | 3 | 3,858 | |
0.12 | Multi-Family Home | $358,000 | 09/29/25 | 9 | 3.5 | 3,000 | |
0.34 | Multi-Family Home | $252,000 | 08/22/25 | 6 | 2.5 | 3,184 | |
0.23 | Multi-Family Home | $265,000 | 06/13/25 | 6 | 3 | 3,180 | |
0.05 | Multi-Family Home | $235,000 | 10/24/25 | 6 | 3 | 2,250 | |
0.26 | Multi-Family Home | $350,000 | 08/08/25 | 9 | 4.5 | 4,138 | |
0.40 | Multi-Family Home | $336,000 | 09/22/25 | 8 | 4 | 4,400 |
Nearby homes
Get a sense of prices in the area by checking nearby homes.- FOR SALENEW - 25 MIN AGOAnthracite Property Group
FOR SALENEW - 1 HR AGORubbico Real Estate- FOR SALENEW - 9 HRS AGOKeller Williams Real Estate, Kingston
- FOR SALENEW - 9 HRS AGOClassic Properties Kingston
FOR SALENEW - 1 DAY AGOERA One Source Realty- FOR SALEIron Valley Real Estate Greater Scranton
Assigned Schools
These are the assigned schools for 518 Prospect Ave.
- South Scranton Intermediate School
- 5-8
- Public
- 798 Students
4/10GreatSchools RatingParent Rating AverageIt’s kind of fine, but they let us stay in the lobby for a little bit and they let us wash our phones and we have a blowout at the end of the quarterStudent Review6mo ago - John G Whittier #2
- K-4
- Public
- 442 Students
6/10GreatSchools RatingParent Rating AverageMy daughter was discriminated against because of her age and was lowered to second grade when she had passed it and was supposed to be a third grader. Plus nobody called to tell me I learned about when she arrived home crying. And she was supposed to have an ESL teacher witch she never got. I went to the district nothing was done still waiting for the superintendent to call me. I ended up withdrawing my daughter and moving the experience was horrible.Parent Review10y ago - Scranton High School
- 7-12
- Public
- 1815 Students
5/10GreatSchools RatingParent Rating AverageTerrible. I graduated from this school with all As and Bs. When I got to college I was immediately behind. An A at this school is equivalent to a C at better schools. Just look at the test averages,. As for leadership and character building, this school is apathetic to development of its students. Fortunately I had good parenting at home that helped with this.Other Review8y ago 
Check out schools near 518 Prospect Ave.
Neighborhood Overview
Neighborhood stats provided by third party data sources.
What Locals Say about Downtown
At least 27 Trulia users voted on each feature.
89 % Say it's dog friendly
82 % Say there are sidewalks
76 % Say there's holiday spirit
73 % Say it's walkable to restaurants
69 % Say car is needed
66 % Say streets are well-lit
58 % Say they plan to stay for at least 5 years
55 % Say yards are well-kept
48 % Say parking is easy
48 % Say it's walkable to grocery stores
46 % Say kids play outside
45 % Say people would walk alone at night
44 % Say there's wildlife
44 % Say it's quiet
41 % Say neighbors are friendly
33 % Say there are community events
Sourced by Trulia users. Learn more about our methodology.
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
The Adriana Jez Team, EXP Realty LLC, (888) 397-7352
Based on information submitted to the MLS GRID as of 2026-02-06 11:52:26 PST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. Click here for more information
518 Prospect Ave, Scranton, PA 18505 is a 6 bedroom, 3 bathroom, 4,080 sqft multi-family built in 1940. 518 Prospect Ave is located in Downtown, Scranton. This property is currently available for sale and was listed by GSBR as distributed by MLS GRID on May 15, 2026. The MLS # for this home is MLS# SC262204.