531 S Irving Avenue, Scranton, PA 18505

$1,150,000
Property Type: Residential Income Bedrooms: 17 Baths: 9 Lot Size (sq. ft.): 7,405 Status: Active
Current Price: $1,150,000 List Date: 9/23/2026 Last Modified: 9/23/2026

Overview

Description

This investment consists of two properties located on one lot, totaling 9 residential apartments. The properties offer stable current income with additional upside through bringing below-market rents closer to current market levels. All separate utilities, most units have been fully renovated

Listing Details MLS# SC-264762

General Property Information

Number Of Buildings
2
Number Of Units Total
9
Bedrooms Total
17
Bathrooms Total
9
Bathrooms Full
9
Above Grade Finished Area
8595
Living Area
8595
Enhanced Accessible
No
Year Built
1940
Year Built Source
Estimated
New Construction YN
No
Lot Size Acres
0.17
Lot Size Dimensions
50X150
Waterfront YN
No
Basement YN
Yes
Stories
3
Auction YN
No
List Price/SqFt
133.8

Property Features

Basement: Unfinished

Contract Information

Listing Contract Date
2026-09-21
Property Sub Type
Multi Family
Listing Agreement
Exclusive Right To Sell
Owner Name
Olyphant RE Development LLC

Location Tax and Legal

Street Number
531
Street Direction Prefix
S
Street Name
Irving
Street Suffix
Avenue
State
PA
Postal Code
18505
County
Lackawanna

Remarks and Miscellaneous

Public Remarks
This investment consists of two properties located on one lot, totaling 9 residential apartments. The properties offer stable current income with additional upside through bringing below-market rents closer to current market levels. All separate utilities, most units have been fully renovated

Status Change Information

Major Change Timestamp
2026-09-23T17:18:49Z
Major Change Type
Price Change
Price Change Timestamp
2026-09-23T17:18:49Z
Status Change Timestamp
2026-09-23

More Information

Unit 1

Unit #
Yes
SqFt Total
925
Dining Room YN
No
Kitchen YN
Yes
Living Room YN
Yes
Occupied YN
Yes
Unit Remarks
Managers Unit

Unit 2

Unit #
2
Actual Rent
950
SqFt Total
925
Dining Room YN
No
Kitchen YN
Yes
Living Room YN
Yes
Occupied YN
Yes

Unit 3

Unit #
3
Actual Rent
1195
SqFt Total
925
Dining Room YN
No
Kitchen YN
Yes
Living Room YN
Yes
Occupied YN
Yes

Unit 4

Unit #
4
Actual Rent
1195
SqFt Total
925
Dining Room YN
No
Kitchen YN
Yes
Living Room YN
Yes
Occupied YN
Yes

Unit 5

Unit #
5
Actual Rent
950
SqFt Total
925
Dining Room YN
No
Kitchen YN
Yes
Living Room YN
Yes
Occupied YN
Yes

Unit 6

Unit #
6
Actual Rent
950
SqFt Total
925
Dining Room YN
No
Kitchen YN
Yes
Living Room YN
Yes
Occupied YN
Yes

Unit 7

Unit #
1 Alder
Actual Rent
1100
SqFt Total
1000
Dining Room YN
No
Kitchen YN
No
Living Room YN
Yes
Occupied YN
Yes

Unit 8

Unit #
2 Alder
Actual Rent
1150
SqFt Total
1000
Dining Room YN
No
Kitchen YN
Yes
Living Room YN
Yes
Occupied YN
Yes

Unit 9

Unit #
3 Alder
Actual Rent
915
SqFt Total
850
Dining Room YN
No
Kitchen YN
Yes
Living Room YN
Yes
Occupied YN
Yes
Listing Office: The Hub Real Estate Group Scranton
Last Updated: September - 23 - 2026
Information deemed reliable but not guaranteed.