1401 Prospect Ave

6,150 Sq. Ft.
$112 / Sq. Ft.
6,150
Sq. Ft.
$112
per Sq. Ft.

Description

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.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.
  1. Listed by Michael Cassidy Rollin • Brokerage DRE #RB069778 • Nisk Real Estate
    P: (360)-710-0332 C: (360)-710-0332 michael@niskrealestate.com

Property Details for 1401 Prospect Avenue

Zoning Description
Multi-Family
Waterfront
No
LISTING UPDATED: 03/23/2026 01:35 PM

Property Details for 1401 Prospect Avenue

StatusActive
MLS #SC261138
Days on MarketListed Today
Taxes$5,188 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Multi Family
Year Built1940
Lot Size0.13 AC / 5,662 SF
CountyLackawanna County

Location

Listing Courtesy of Nisk Real Estate
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Building Information for 1401 Prospect Avenue

Stories3Residences6Year Built1940Building Size-Lot Size0.13 AC / 5,662 SF

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$3,776 per month

30 year fixed, 6.11% Interest

Principal and Interest

$3,344

Property Taxes

$432

HOA Dues

$0

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Property Information for 1401 Prospect Avenue

Summary
Location and General Information
  • Region: South Scranton
  • Municipality: South Scranton
  • Directions: From Pittston Ave, turn onto Cherry St. Continue straight -- the property is located on the right at the corner of Cherry St and Prospect Ave.
  • City: Scranton
  • State/Province: PA
  • Postal Code: 18505
  • County: Lackawanna
  • Latitude: 41.391099
  • Longitude: -75.670649
Taxes and HOA Information
  • Tax Book Number: 202401204
  • Tax Assessed Value: 16000
  • Tax Legal Description: 37X150 Li&C Town Plot L31 B 27 W-20 B-057 L-025 P-001
  • Tax Year: 2025
  • Parcel Number: 2024 01203
  • Tax Annual Amount: $5,187.59
Parking
  • Garage Spaces: 1.00
  • Parking Features: Garage, On Street
School Information
  • School District: Scranton
Property
Lot Information
  • Structure Type: Multi Family
  • Lot Size Acres: .13
  • Lot Size Dimensions: 37X150
  • Living Area: 6150.0
  • Lot Size Area: 0.13
  • Below Grade Finished Area: 1200.0
Property and Assessments
  • Property Information:Basement: Concrete, Unfinished
  • Property Type: Residential Income
  • Year Built: 1940
  • Property Sub Type: Multi Family
  • Property Type Label: Residential Income
  • New Construction: No
Utilities
  • Utilities: Electricity Connected, Water Connected, Natural Gas Connected
Interior and Exterior Features
Interior Features
  • Stories: 3
  • Bathrooms Total (Integer): 6
  • Bathrooms Total (Decimal): 6.00
  • Bathrooms Total (Notational): 6.00
  • Bedrooms Total: 12
  • Bathrooms Full: 6
  • Bathrooms Half: 0
  • Appliances: Electric Cooktop, Refrigerator, Electric Oven
Exterior Features
  • Roof: Shingle
  • Exterior Features: Balcony
  • Foundation Area: 1,200.00
Multi Family
Multi-Family Information
  • Number Of Units Total: 6
Income & Expenses Information
  • Water Sewer Expense: $14,400.00
  • Insurance Expense: $4,500.00

Property History for 1401 Prospect Avenue

DateEvent & SourcePriceAppreciation
Mar 23, 2026

Listed (Active)

Greator Scranton Board of REALTORS #SC261138

$689,000—
Jan 24, 2024

Closed

Greator Scranton Board of REALTORS #233116

$415,000—
Jan 24, 2024

Closed

Greator Scranton Board of REALTORS #233980

$665,000—
Jan 15, 2024

Closed (Public Record)

Public Record #1527827618

$415,000—
Jan 15, 2024

Closed (Public Record)

Public Record #1527827618

$415,000

+23.5% / yr

Nov 27, 2023

Pending

Greator Scranton Board of REALTORS #23-3116

—
Nov 27, 2023

Pending

Greator Scranton Board of REALTORS #23-3980

—
Nov 27, 2023

Pending

Greator Scranton Board of REALTORS #233980

$704,000—
Nov 27, 2023

Pending

Greator Scranton Board of REALTORS #233116

$429,000—
Nov 11, 2023

Price Change

Greator Scranton Board of REALTORS #23-3980

$704,000—
Nov 11, 2023

Price Change

Greator Scranton Board of REALTORS #23-3116

$429,000—
Oct 17, 2023

Listed (Active)

Greator Scranton Board of REALTORS #23-3116

$499,000—
Oct 7, 2023

Pending

Greator Scranton Board of REALTORS #23-3116

—
Sep 15, 2023

Listed (Active)

Greator Scranton Board of REALTORS #233980

$765,000—
Sep 15, 2023

Listed (Active)

Greator Scranton Board of REALTORS #23-3980

$765,000—
Aug 14, 2023

Price Change

Greator Scranton Board of REALTORS #23-3116

$475,000—
Jul 26, 2023

Listed (Active)

Greator Scranton Board of REALTORS #23-3116

$499,000—
Jul 26, 2023

Listed (Active)

Greator Scranton Board of REALTORS #233116

$499,000—
Mar 18, 2022

Closed

Greator Scranton Board of REALTORS #212748

$275,000—
Mar 18, 2022

Closed

Greator Scranton Board of REALTORS #21-2748

$275,000—
Feb 1, 2022

Closed (Public Record)

Public Record #1486202181

$275,000

+6.6% / yr

Dec 7, 2021

Pending

Greator Scranton Board of REALTORS #21-2748

—
Dec 6, 2021

Pending

Greator Scranton Board of REALTORS #212748

$289,000—
Oct 26, 2021

Price Change

Greator Scranton Board of REALTORS #21-2748

$289,000—
Oct 4, 2021

Listed (Active)

Greator Scranton Board of REALTORS #21-2748

$299,000—
Jun 29, 2021

Listed (Active)

Greator Scranton Board of REALTORS #212748

$299,000—
Oct 3, 2013

Closed (Public Record)

Public Record #369609861

$162,000

+10.3% / yr

Oct 28, 2009

Closed (Public Record)

Public Record #282877981

$110,000—
Oct 28, 2009

Closed

Greator Scranton Board of REALTORS #09-877

$110,000—
Oct 28, 2009

Closed

Greator Scranton Board of REALTORS #09877

$110,000—
Sep 20, 2009

Pending

Greator Scranton Board of REALTORS #09-877

—
Sep 17, 2009

Pending

Greator Scranton Board of REALTORS #09877

$139,000—
Sep 3, 2009

Listed (Active)

Greator Scranton Board of REALTORS #09-877

$149,000—
Feb 25, 2009

Listed (Active)

Greator Scranton Board of REALTORS #09877

$149,000—
DateEvent & SourcePrice
03/23/2026

Listed (Active)

Greator Scranton Board of REALTORS #SC261138

$689,000
01/24/2024

Closed

Greator Scranton Board of REALTORS #233116

$415,000
01/24/2024

Closed

Greator Scranton Board of REALTORS #233980

$665,000
01/15/2024

Closed (Public Record)

Public Record #1527827618

$415,000
01/15/2024

Closed (Public Record)

Public Record #1527827618

$415,000

+23.5% / yr

11/27/2023

Pending

Greator Scranton Board of REALTORS #23-3116

—
11/27/2023

Pending

Greator Scranton Board of REALTORS #23-3980

—
11/27/2023

Pending

Greator Scranton Board of REALTORS #233980

$704,000
11/27/2023

Pending

Greator Scranton Board of REALTORS #233116

$429,000
11/11/2023

Price Change

Greator Scranton Board of REALTORS #23-3980

$704,000
11/11/2023

Price Change

Greator Scranton Board of REALTORS #23-3116

$429,000
10/17/2023

Listed (Active)

Greator Scranton Board of REALTORS #23-3116

$499,000
10/07/2023

Pending

Greator Scranton Board of REALTORS #23-3116

—
09/15/2023

Listed (Active)

Greator Scranton Board of REALTORS #233980

$765,000
09/15/2023

Listed (Active)

Greator Scranton Board of REALTORS #23-3980

$765,000
08/14/2023

Price Change

Greator Scranton Board of REALTORS #23-3116

$475,000
07/26/2023

Listed (Active)

Greator Scranton Board of REALTORS #23-3116

$499,000
07/26/2023

Listed (Active)

Greator Scranton Board of REALTORS #233116

$499,000
03/18/2022

Closed

Greator Scranton Board of REALTORS #212748

$275,000
03/18/2022

Closed

Greator Scranton Board of REALTORS #21-2748

$275,000
02/01/2022

Closed (Public Record)

Public Record #1486202181

$275,000

+6.6% / yr

12/07/2021

Pending

Greator Scranton Board of REALTORS #21-2748

—
12/06/2021

Pending

Greator Scranton Board of REALTORS #212748

$289,000
10/26/2021

Price Change

Greator Scranton Board of REALTORS #21-2748

$289,000
10/04/2021

Listed (Active)

Greator Scranton Board of REALTORS #21-2748

$299,000
06/29/2021

Listed (Active)

Greator Scranton Board of REALTORS #212748

$299,000
10/03/2013

Closed (Public Record)

Public Record #369609861

$162,000

+10.3% / yr

10/28/2009

Closed (Public Record)

Public Record #282877981

$110,000
10/28/2009

Closed

Greator Scranton Board of REALTORS #09-877

$110,000
10/28/2009

Closed

Greator Scranton Board of REALTORS #09877

$110,000
09/20/2009

Pending

Greator Scranton Board of REALTORS #09-877

—
09/17/2009

Pending

Greator Scranton Board of REALTORS #09877

$139,000
09/03/2009

Listed (Active)

Greator Scranton Board of REALTORS #09-877

$149,000
02/25/2009

Listed (Active)

Greator Scranton Board of REALTORS #09877

$149,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1401 Prospect Avenue

Taxable ValueLand$2,750Additions$13,250Total$16,000
Tax Record2025$5,188 ($432 / month)
Home Facts
Lot Size5,550 SqFtStyleMulti-Family Res (5+ Units)CountyLACKAWANNAAPN16707040027

Schools near 1401 Prospect Avenue

This home is within Scranton School District.
Rating
School
Type
Grades
Distance
Public - K to 4
Public - 5 to 8
Public - 9 to 12
Public - PK to 5
Rating
School
Distance
Mcnichols Plaza
PublicK to 4

South Scranton Intermediate School
Public5 to 8

West Scranton High School
Public9 to 12

George Bancroft #34
PublicPK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Similar Sold Homes

1401 Prospect Avenue is a multi-family home for sale in Scranton, PA 18505. This property was listed for sale on March 23, 2026 by Nisk Real Estate, it's currently listed at $689,000. It has been on the market for a total of 0 days and was last sold on January 24, 2024. This listing's school district is Scranton School District. Nearby schools include Mcnichols Plaza, South Scranton Intermediate School and West Scranton High School. 1401 Prospect Avenue is a 12-bed, 6-bath, 6,150 sqft multi-family home built in 1940.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Nisk Real Estate

Based on information submitted to the MLS GRID as of 03/23/2026 01:35 PM. 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. Properties displayed may be listed or sold by various participants in the MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. Use of the MLS GRID data may be subject to an end user license agreement prescribed by the applicable MLS of the Member Participant, if any, and as amended from time to time.