$255,500
SOLD MAR 5, 2025

2028 Margaret Ave Scranton, PA 18508

Providence Neighborhood
6 Beds
2 Baths
2,258 Sq Ft
7,405 Sq Ft Lot

Recently Sold

$113 Per Sq Ft

12% Above List Price

8 Days on Market

Highlights

  • No HOA
  • Dining Room
  • Wood Fence
  • Living Room
  • 2 Car Garage

About This Home

As of March 2025

Prime Investment Opportunity - Turnkey Two-Unit Property This fully turnkey, two-unit investment property offers an outstanding opportunity for investors seeking steady cash flow and immediate returns. With a remarkable 10.8 cap rate, this property is ideal for building or expanding your real estate portfolio.Property Highlights: Unit 1: Currently occupied by reliable tenants, providing consistent rental income. Unit 2: Vacant and ready for occupancy, allowing flexibility for an owner-occupant or quick leasing. Utilities: Completely split for both units, minimizing landlord responsibilities and simplifying management. Turnkey Condition: Both units are well-maintained and require no immediate updates, ensuring a hassle-free investment.Upgrades: New Paint, New Carpet, New appliances in left side including: Refrigerator, Stove and Dishwasher. Baker WaterProofed Basement (warranty is transferable) New Gutters, Electric upgrades and New Chimney liner. Whether you're looking to live in one unit while earning rental income from the other or seeking a fully income-generating property, this versatile investment delivers exceptional value. With strong rental demand and great cash flow potential, this property won't stay on the market long!Contact us today to schedule a showing and secure your next investment.

Last Agent to Sell the Property

Christine Ives Polizzi

EXP Realty LLC License #RS360064 Listed on: 01/28/2025

EXP Realty LLC

Last Buyer's Agent

Michael Turlip

REALTY NETWORK GROUP License #RS358158

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,696

Year Built

  • Built in 1925

Lot Details

  • 7,405 Sq Ft Lot
  • Lot Dimensions are 47x160
  • 1 Common Wall
  • Wood Fence
  • Back Yard Fenced

Parking

  • 2 Car Garage
  • 4 Open Parking Spaces
  • On-Street Parking
  • Off-Street Parking

Home Design

  • Duplex
  • Asphalt Roof

Interior Spaces

  • 2,258 Sq Ft Home
  • 2-Story Property
  • Living Room
  • Dining Room
  • Attic or Crawl Hatchway Insulated
  • Washer and Electric Dryer Hookup
  • Unfinished Basement

Kitchen

  • Electric Oven
  • Dishwasher

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 2 Full Bathrooms

Utilities

  • Natural Gas Connected

Listing and Financial Details

  • Security Deposit $1,250
  • Exclusions: Washer and Dryer.
  • Tenant pays for all utilities
  • The owner pays for insurance, taxes
  • Assessor Parcel Number 13505030011
  • Tax Block 120
  • $14,000 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Insurance Expense $1,255
  • Operating Expense $5,936
  • Gross Income $30,600
  • Net Operating Income $24,664

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,696

Year Built

Built in 1925

Lot Details

0

Parking

2

Listing Details

  • Directions: Main Street to West market to right at cole muffler, to 2nd right on William which turns into Margaret
  • Lot Size Acres: 0.17
  • Prop. Type: Residential Income
  • Building Stories: 2
  • Year Built: 1925
  • Reso Property Sub Type: Multi Family
  • ResoLaundryFeatures: Electric Dryer Hookup, Washer Hookup
  • ResoPoolFeatures: None
  • Inclusions: Refrigerator, Stove and Dishwasher- All seller owned appliances
  • Above Grade Finished Sq Ft: 2258
  • Architectural Style: Duplex Side by Side
  • Garage Yn: Yes
  • New Construction: No
  • Reso Structure Type: Duplex
  • AuctionYN: No
  • SchoolTaxAmount: 2181.88
  • EnhancedAcccessible: No
  • WaterExpense: 0.00
  • SewerExpense: 0.00
  • GSB_UnitTypeDiningRoomYN: Yes
  • GSB_UnitTypeLivingRoomYN: Yes
  • GSB_UnitTypeDiningRoomYN: Yes
  • GSB_UnitTypeLivingRoomYN: Yes
  • GSB_UnitTypeSecurityDeposit: 1250.00
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Appliances: Dishwasher, Refrigerator, Other, Electric Oven
  • Full Bathrooms: 2
  • Total Bedrooms: 6
  • Has Basement: Unfinished
  • Number Of Buildings: 1
  • Spa Features: None
  • Private Spa: No
  • Basement YN: Yes

Exterior Features

  • Roof: Asphalt
  • Fencing: Back Yard, Wood, Fenced
  • Waterfront: No
  • Exclusions: Washer and Dryer.
  • Common Walls: 1 Common Wall
  • Construction Type: Attic/Crawl Hatchway(s) Insulated
  • Exterior Features: Private Yard

Garage/Parking

  • Garage Spaces: 2
  • Open Parking Spaces: 4
  • Parking Features: Garage, Off Street, On Street
  • Total Parking Spaces: 5

Utilities

  • Utilities: Electricity Connected, Water Connected, Sewer Connected, Natural Gas Connected
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: None
  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Scranton

Lot Info

  • Zoning: R1
  • Current Use: Multi-Family
  • Land Lease: No
  • Lot Dimensions: 47X160
  • Additional Parcels: No
  • Parcel #: 13505030011
  • Zoning Description: Multi-Family

Rental Info

  • Tenant Pays: All Utilities
  • Owner Pays: Insurance, Taxes
  • Rent Control: No

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 3696
  • Tax Block: 120
  • Tax Book Number: 202209185
  • Tax Other Annual Assessment Amount: 14000

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 30600
  • Income Includes: ["Rent Only"]
  • Insurance Expense: 1255
  • Annual Operating Expense: 5936

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/05/2025 03/05/25 Sold $255,500 +11.6% $113 / Sq Ft
02/05/2025 02/05/25 Pending -- -- --
01/28/2025 01/28/25 For Sale $229,000 -- $101 / Sq Ft
Source: Greater Scranton Board of REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2025

    Christine Ives Polizzi

    EXP Realty LLC

  • M

    Buyer's Agent in 2025

    Michael Turlip

    REALTY NETWORK GROUP

See All Agents

Map

Source: Greater Scranton Board of REALTORS®

MLS Number: GSBSC250382

Greater Scranton Board of REALTORS®

Pennsylvania Lackawanna County Scranton 18508 Providence

2028 Margaret Ave, Scranton, PA

This home is located at 2028 Margaret Ave, Scranton, PA 18508 and is currently priced at $255,500, approximately $113 per square foot. This property was built in 1925. 2028 Margaret Ave is a home located in Lackawanna County with nearby schools including Neil Armstrong Elementary School, South Scranton Intermediate, and West Scranton High School.

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.

Greater Scranton Board of REALTORS® 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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