$399,000

Estimated payment $2,515/month

6 Beds
4 Baths
2,800 Sq Ft
$142 Price per Sq Ft

Highlights

  • No HOA
  • Living Room
  • Ceiling Fan
  • Front Porch
  • Dining Room
  • Baseboard Heating

About This Home

Fantastic Quadplex Investment Opportunity in ScrantonWelcome to 315-317 Larch Street, a well-maintained quadplex offering strong rental income and long-term stability. This property features two spacious one-bedroom units and two comfortable two-bedroom units, with three of the four currently occupied by excellent tenants. Recent updates throughout the building ensure each unit is in excellent shape and appealing to renters.Tenants are responsible for their own electric and heat, while the owner covers sewer, water, taxes, and insurance, making this an efficient and manageable investment. The property also boasts a large backyard for tenant enjoyment and plenty of on-street parking for convenience.With a total yearly gross income of $50,400 when fully occupied and a solid current tenant base, this property is a true turnkey opportunity for both new and seasoned investors. Don't miss the chance to add this income-producing asset to your portfolio.

Listing Agent

Jeremy Watson

SIX PM LLC License #RM425357 Listed on: 08/20/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,087

Year Built

  • Built in 1930 | Remodeled

Lot Details

  • 5,227 Sq Ft Lot
  • Lot Dimensions are 60' x 90' x 60' x 90'

Parking

  • On-Street Parking

Home Design

  • Quadruplex

Interior Spaces

  • 2,800 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Living Room
  • Dining Room
  • Oven
  • Laundry in unit

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Full Bathrooms

Additional Features

  • Front Porch
  • Baseboard Heating

Community Details

  • No Home Owners Association
  • 4 Units

Listing and Financial Details

  • The owner pays for insurance, water, taxes, sewer
  • Assessor Parcel Number 14605070043

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,087

Year Built

Built in 1930 | Remodeled

Lot Details

0

Listing Details

  • Directions: Head toward the Hill Section of the city, not far from downtown. From Mulberry Street, turn onto North Webster Avenue and follow it a few blocks until you reach Larch Street. The property sits right along the street, with straightforward access and nearby side-street parking, making it convenient whether you're coming from downtown Scranton or
  • Lot Size Acres: 0.12
  • Prop. Type: Residential Income
  • Building Stories: 2
  • Subdivision Name: None
  • Year Built: 1930
  • Reso Property Sub Type: Multi Family
  • ResoLaundryFeatures: In Unit
  • Water Body Name: None
  • Above Grade Finished Sq Ft: 2800
  • Unit Levels: Two
  • New Construction: No
  • Reso Property Condition: Updated/Remodeled
  • Reso Structure Type: Multi Family, Quadruplex
  • Master Plan Zoning: Residential
  • SchoolTaxAmount: 1700.26
  • CountyTaxAmount: 1034.78
  • UnitTwoDiningRoomYN: No
  • UnitOneDiningRoomYN: Yes
  • UnitTwoLivingRoomYN: Yes
  • UnitThreeDiningRoomYN: No
  • UnitFourDiningRoomYN: No
  • UnitOneLivingRoomYN: Yes
  • UnitThreeLivingRoomYN: Yes
  • UnitFourLivingRoomYN: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Appliances: Oven, Refrigerator
  • Full Bathrooms: 4
  • Total Bedrooms: 6
  • Number Of Buildings: 1

Exterior Features

  • Waterfront: No
  • Patio And Porch Features: Front Porch

Garage/Parking

  • Parking Features: On Street

Utilities

  • Cooling: Ceiling Fan(s)
  • Heating: Baseboard, Electric
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Schools

  • Junior High Dist: Scranton School District

Lot Info

  • Lot Dimensions: 60' x 90' x 60' x 90'
  • Parcel #: 14605070043

Rental Info

  • Owner Pays: Insurance, Water, Taxes, Sewer

Multi Family

  • Number Of Units Total: 4
  • Income Includes: ["Rent Only"]
  • Tenant Pays: Electricity

Tax Info

  • Tax Annual Amount: 4087.06
  • Tax Book Number: 202223522

Map

Range of Values:

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Average Value
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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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 $4,087 $11,500 $3,800 $7,700
2024 $3,761 $11,500 $3,800 $7,700
2023 $3,761 $11,500 $3,800 $7,700
2022 $3,679 $11,500 $3,800 $7,700
2021 $3,679 $11,500 $3,800 $7,700
2020 $3,617 $11,500 $3,800 $7,700
2019 $3,411 $11,500 $3,800 $7,700
2018 $3,411 $11,500 $3,800 $7,700
2017 $3,357 $11,500 $3,800 $7,700
2016 $0 $11,500 $3,800 $7,700
2015 $2,589 $11,500 $3,800 $7,700
2014 -- $11,500 $3,800 $7,700
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/20/2025 08/20/25 For Sale $399,000 -- $143 / Sq Ft
Source: Pike/Wayne Association of REALTORS®

Purchase History

Date Type Sale Price Title Company
Deed $165,000 --
Deed $51,000 None Available
Deed $11,500 None Available
Deed -- None Available
Warranty Deed $35,000 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $123,750 New Conventional
Previous Owner $100,000 Credit Line Revolving
Source: Public Records

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Source: Pike/Wayne Association of REALTORS®

MLS Number: PWBPW252745

Pike/Wayne Association of REALTORS®

APN: 14605070043