$260,000
SOLD OCT 2, 2024
8 Beds
4 Baths
3,897 Sq Ft
6,098 Sq Ft Lot

Recently Sold

$67 Per Sq Ft

3% Below List Price

21 Days on Market

Highlights

  • Wood Flooring
  • Living Room
  • Dining Room
  • No HOA
  • Forced Air Heating System
  • 4-minute walk to Weston Park

About This Home

As of October 2024

Historic 3-Unit Rental Property in Prime Scranton, PA LocationDiscover this beautifully crafted historic 3-unit rental property in the heart of Scranton, PA! With a fantastic rental history, this property includes a spacious 2-bedroom unit and two 3-bedroom units, offering a unique blend of vintage charm and modern comfort that attracts reliable tenants.The property features off-street parking with a convenient parking lot, a rare find in the area. Located in a highly desirable neighborhood, tenants will enjoy excellent walkability to shops, restaurants, parks, and public transportation. The third-floor 3-bedroom unit only needs a full bath installation, presenting an incredible opportunity for the new owner to maximize rental income.This meticulously maintained building showcases its historic charm through stunning architectural details, providing a distinctive living experience. Don't miss out on this exceptional investment opportunity to own a piece of Scranton's history while benefiting from a strong rental market. Schedule your viewing today and envision the possibilities!

Last Agent to Sell the Property

Jeremy Watson

SIX PM LLC License #RM425357 Listed on: 08/06/2024

Last Buyer's Agent

NON-MEMBER

NON-MEMBER OFFICE

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,357

Year Built

  • Built in 1920 | Remodeled

Lot Details

  • 6,098 Sq Ft Lot
  • Lot Dimensions are 50' x 174' x 50' x 173'

Parking

  • 2 Car Garage
  • Parking Lot
  • Off-Street Parking

Home Design

  • Fixer Upper

Interior Spaces

  • 3,897 Sq Ft Home
  • 3-Story Property
  • Ceiling Fan
  • Living Room
  • Dining Room
  • Wood Flooring
  • Unfinished Basement
  • Basement Storage
  • Electric Oven

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Full Bathrooms

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Tenant pays for electricity, gas
  • The owner pays for sewer, water
  • Assessor Parcel Number 13505040044

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • Insurance Expense $1,950
  • Water Sewer Expense $6,550
  • Gross Income $27,300

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,357

Year Built

Built in 1920 | Remodeled

Lot Details

0

Parking

2

Listing Details

  • Directions: From Scranton, North on Main Avenue, Go Past Market Street, House on Left before Spring St. Parking Lot in Back. See Sign.
  • Lot Size Acres: 0.14
  • Prop. Type: Residential Income
  • Building Stories: 3
  • Subdivision Name: None
  • Year Built: 1920
  • Reso Property Sub Type: Multi Family
  • Water Body Name: None
  • Above Grade Finished Sq Ft: 3897
  • Reso Flooring: Wood
  • Garage Yn: Yes
  • Unit Levels: Three Or More
  • New Construction: No
  • Reso Property Condition: Fixer, Updated/Remodeled
  • Master Plan Zoning: Residential
  • SchoolTaxAmount: 2439.51
  • CountyTaxAmount: 1049.40
  • WaterExpense: 6549.77
  • UnitTwoDiningRoomYN: Yes
  • UnitOneDiningRoomYN: Yes
  • UnitTwoLivingRoomYN: Yes
  • UnitThreeDiningRoomYN: No
  • UnitOneLivingRoomYN: Yes
  • UnitThreeLivingRoomYN: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Appliances: Electric Oven, Refrigerator
  • Full Bathrooms: 4
  • Total Bedrooms: 8
  • Basement: Storage Space, Unfinished
  • Basement YN: Yes
  • Below Grade Sq Ft: 1217

Exterior Features

  • Waterfront: No

Garage/Parking

  • Garage Spaces: 2
  • Parking Features: Off Street, Parking Lot

Utilities

  • Cooling: Ceiling Fan(s)
  • Heating: Electric, Natural Gas, Forced Air
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Schools

  • Junior High Dist: Scranton School District

Lot Info

  • Current Use: Investment, Multi-Family
  • Land Lease: No
  • Lot Dimensions: 50' x 174' x 50' x 173'
  • Parcel #: 13505040044

Rental Info

  • Owner Pays: Sewer, Water

Multi Family

  • Number Of Units Total: 3
  • Annual Gross Income: 27300
  • Insurance Expense: 1950
  • Tenant Pays: Electricity, Gas

Tax Info

  • Tax Annual Amount: 4356.93
  • Tax Book Number: 202214285

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 6, 2024
Closed on
Sep 24, 2024
Sold by
2087 N Main Llc
Bought by
Kresch Yitzchok and Kresch Chava
Seller's Agent
Jeremy Watson
SIX PM LLC
Buyer's Agent
NON-MEMBER
NON-MEMBER OFFICE
List Price
$269,000
Sold Price
$260,000
Premium/Discount to List
-$9,000
-3.35%
Views
82
Current Estimated Value
$273,859

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$13,859
Avg. Annual Appreciation
5.56%
Original Mortgage
$195,000
Outstanding Balance
$193,141
Interest Rate
6.35%
Mortgage Type
New Conventional
Estimated Equity
$80,718

Purchase Details

Listed on
Sep 27, 2021
Closed on
May 26, 2022
Sold by
Fadden Iii Joseph J
Bought by
2087 N Main Llc
Seller's Agent
Adam Davis
CLASSIC PROPERTIES
Buyer's Agent
NON MEMBER
NON MEMBER
Sold Price
$195,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.02%
Original Mortgage
$178,000
Interest Rate
5.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 18, 2007
Sold by
Scialpi Stephen
Bought by
Fadden Joseph J and Fadden Joseph J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$124,750
Interest Rate
6.14%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Deed $260,000 None Listed On Document
Deed $195,000 Powell Christopher T
Deed $124,750 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $195,000 New Conventional
Previous Owner $34,000 New Conventional
Previous Owner $178,000 New Conventional
Previous Owner $124,750 Commercial
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/02/2024 10/02/24 Sold $260,000 -3.3% $67 / Sq Ft
08/27/2024 08/27/24 Pending -- -- --
08/06/2024 08/06/24 For Sale $269,000 +37.9% $69 / Sq Ft
05/27/2022 05/27/22 Sold $195,000 0.0% $50 / Sq Ft
05/27/2022 05/27/22 Off Market $195,000 -- --
03/30/2022 03/30/22 Pending -- -- --
Source: Pike/Wayne Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

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 $5,903 $16,500 $5,650 $10,850
2024 $5,434 $16,500 $5,650 $10,850
2023 $5,434 $16,500 $5,650 $10,850
2022 $5,316 $16,500 $5,650 $10,850
2021 $5,316 $16,500 $5,650 $10,850
2020 $5,227 $16,500 $5,650 $10,850
2019 $4,930 $16,500 $5,650 $10,850
2018 $4,930 $16,500 $5,650 $10,850
2017 $4,852 $16,500 $5,650 $10,850
2016 $1,862 $16,500 $5,650 $10,850
2015 $3,420 $16,500 $5,650 $10,850
2014 -- $16,500 $5,650 $10,850
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Pike/Wayne Association of REALTORS®

MLS Number: PWBPW242448

Pike/Wayne Association of REALTORS®

APN: 13505040044