1509 E Gibson St Scranton, PA 18510
Hill Section Neighborhood
8
Beds
4
Baths
2,500
Sq Ft
6,534
Sq Ft Lot
About This Home
As of March 2025Investor alert! This 4-unit property in Scranton's desirable Hill Section is a fantastic value-add opportunity. Two units are currently occupied, providing immediate income, while the other two are vacant and ready for your vision--moderate renovations will unlock their full potential. Tenants cover gas and electric, while the owner pays water, sewer, and trash. The property features small yet comfortable yard spaces, perfect for tenants to enjoy. With plenty of room to increase cash flow, this is an ideal investment for a savvy buyer or an owner-occupant looking to house-hack. Don't miss out--schedule your showing today!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,788
Year Built
- Built in 1940
Lot Details
- 6,534 Sq Ft Lot
- Lot Dimensions are 40x90
Interior Spaces
- 2,500 Sq Ft Home
- 2-Story Property
- Living Room
- Basement Fills Entire Space Under The House
Bedrooms and Bathrooms
- 8 Bedrooms
- 4 Full Bathrooms
Community Details
- 4 Units
Listing and Financial Details
- Security Deposit $1,330
- Assessor Parcel Number 15706050028
- $16,500 per year additional tax assessments
Map
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/21/2025 03/21/25 | Sold | $325,500 | -9.5% | $130 / Sq Ft |
| 02/10/2025 02/10/25 | Pending | -- | -- | -- |
| 01/30/2025 01/30/25 | For Sale | $359,500 | 0.0% | $144 / Sq Ft |
| 11/11/2024 11/11/24 | Rented | $15,960 | +1127.7% | -- |
| 11/03/2024 11/03/24 | Under Contract | -- | -- | -- |
| 08/31/2024 08/31/24 | For Rent | $1,300 | -91.7% | -- |
| 05/30/2023 05/30/23 | Rented | $15,600 | +1100.0% | -- |
| 05/03/2023 05/03/23 | Under Contract | -- | -- | -- |
| 04/02/2023 04/02/23 | For Rent | $1,300 | -91.0% | -- |
| 07/20/2021 07/20/21 | Rented | $14,400 | +1100.0% | -- |
| 07/15/2021 07/15/21 | Under Contract | -- | -- | -- |
| 07/08/2021 07/08/21 | For Rent | $1,200 | -88.9% | -- |
| 07/29/2019 07/29/19 | Rented | $10,800 | +980.0% | -- |
| 07/29/2019 07/29/19 | Under Contract | -- | -- | -- |
| 06/27/2019 06/27/19 | For Rent | $1,000 | -- | -- |
Source: Greater Scranton Board of REALTORS®
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $5,293 | $16,500 | $2,550 | $13,950 |
| 2024 | $4,837 | $16,500 | $2,550 | $13,950 |
| 2023 | $4,837 | $16,500 | $2,550 | $13,950 |
| 2022 | $8,144 | $16,500 | $2,550 | $13,950 |
| 2021 | $4,730 | $16,500 | $2,550 | $13,950 |
| 2020 | $4,642 | $16,500 | $2,550 | $13,950 |
| 2019 | $4,365 | $16,500 | $2,550 | $13,950 |
| 2018 | $4,365 | $16,500 | $2,550 | $13,950 |
| 2017 | $4,288 | $16,500 | $2,550 | $13,950 |
| 2016 | $1,298 | $16,500 | $2,550 | $13,950 |
| 2015 | $3,215 | $16,500 | $2,550 | $13,950 |
| 2014 | -- | $16,500 | $2,550 | $13,950 |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $366,600 | Construction | |
| Previous Owner | $10,000 | Commercial | |
| Previous Owner | $250,000 | Future Advance Clause Open End Mortgage |
Source: Public Records
Deed History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $325,500 | None Listed On Document |
Source: Public Records
Similar Homes in Scranton, PA
Source: Greater Scranton Board of REALTORS®
MLS Number: GSBSC250417
APN: 15706050028
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Information provided by the Greater Scranton Board of REALTORS® MLS. Information is for consumer’s personal noncommercial use, and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing. Consult the specific municipality for permitted Zoning uses.
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