03
OCT
OCT
$367,500
Scranton, PA 18505
MLS# 25-1192
Status: Closed
3200 sqft
1 / 39
Property Description
This renovated 3-unit property in Scranton offers a fantastic investment opportunity grossing over $48K annually. The front single-family home features 5 bedrooms, 1.5 baths, and three levels of living space. Behind the main house, a duplex offers 2 bedroom, 1 bath units on each floor. There is also a detached two-car garage and off street parking.
Details
Maps
Listing Information
Current Price: $358,000
Sold Price: $358,000
List Date: 2025-03-18
Limited Service: No
Property Information
Property Sub Type: Multi Family
Realtor.COM Type: Multi-Family
Style: 3 or More Units
Aprx Total SF: 3200
Est Age Range: 76 - 100 Yrs
Lot Size: 162x40
Garage Stalls: 2
Garage Type: Detached
# Spaces off-Street: 3
Parking: On-Street
Location Legal Taxes
House # (1): 640
Street Name: Alder
Street Suffix: Street
City (Post Office): Scranton
State/Province: PA
Zip Code: 18505
County: Lackawanna
MLS Area: Misc Out of County
School District: Scranton
Municipality: Scranton City
Develop/Subdivision: None
Remarks Directions
Directions: Take I-81 N to River St in Scranton. Take exit 184 from I-81 N. Continue on River St. Drive to Alder St.
Status Change Information
Status: Closed
Under Contract Date: 2025-08-08
Sold Date: 2025-09-29
Sold Price: $358,000
Expenses
Annual Gross Income: 48840
Annual Electric Exp: 60.21
Annual Gas Exp: 2788.13
Annual Water Exp: 3836.09
Annual Real Est Tax: 5138.4
Annual Fire/Liabilty: 1933
Total Annl Expenses: 13755.83
Anl Net Inc b/4 Debt: 35084.17
Appliances
# Ranges: 3
# Refrigerators: 3
Unit 1 Info
Unit #: 640
Approx SF: 1500
# Rooms: 9
Monthly Rent: 1675
# Bedrooms: 5
Kitchen Style: Modern
# Baths: 15
Lease: Y
Heat in Rent: N
Hot Water in Rent: N
Electric in Rent: N
Water in Rent: Y
Sewer in Rent: Y
Unit 2 Info
Unit #: 642
Approx SF: 850
# Rooms: 7
Monthly Rent: 1245
# Bedrooms: 2
Kitchen Style: Modern
# Baths: 1
Lease: Y
Heat in Rent: Y
Hot Water in Rent: Y
Electric in Rent: N
Water in Rent: Y
Sewer in Rent: Y
Unit 3 Info
Unit #: 642
Approx SF: 850
# Rooms: 7
Monthly Rent: 1225
# Bedrooms: 2
Kitchen Style: Modern
# Baths: 1
Lease: Y
Heat in Rent: Y
Hot Water in Rent: Y
Electric in Rent: N
Water in Rent: Y
Sewer in Rent: Y
Property Features
Showing Instructions: Contact Showing Service - See Remarks
Heat Fuel Type: Electric; Gas
Heat Type: Combination; Electric Baseboard; Steam
AC Type: None
Condition: Very Good
Exterior: Vinyl
Roof: Comp Shingle; Rubber
Interior Finish: Drywall; Plaster
Water: Public
Sewer: Public
Basement: Concrete Floor; Dirt Floor; Full Unfinished
MF Amenities: Porch
Supplements
Each property has been updated with modern vinyl flooring, kitchens, and bathrooms. Whether you're looking to expand your portfolio or live in one unit while renting the others, this turnkey property is a must-see. Don't miss out on this prime investment opportunity and schedule a showing today!
Listing Office: eXp Realty- Scranton/Wilkes-Barre
Listing Agent: Irelyn Jannuzzi
Last Updated: July - 25 - 2026
Information deemed reliable but not guaranteed.
