438 Breck St Scranton, PA 18505
South Side Neighborhood
5
Beds
2
Baths
2,576
Sq Ft
6,534
Sq Ft Lot
Highlights
- Deck
- Living Room
- 2 Car Garage
- Porch
- Dining Room
About This Home
As of May 2025This highly productive turn-key income property is a must-have for any investor, boasting a 10 percent cap rate with 24K+ in NET income annually. With all utilities separately metered, you maximize earning potential while minimizing liability.This duplex is fully rented to amazing long-term tenants on annual leases who would love to stay, providing effortless, steady income. The updated units have modern features, ensuring low maintenance and tenant satisfaction. Additionally, you'll see a large Detached 2-Car Garage which offers additional future rental income potential or valuable storage space. As a bonus, all tenants carry Rhino Insurance, protecting you against unpaid rent and damages--talk about peace of mind!Situated on a corner lot in South Scranton, close to shopping, schools, and public transportation. There is Rear Access from the Court - Convenient for tenants and added accessibility for the garage.Don't miss this turnkey multi-family investment in a growing rental market! Whether you're looking to expand your portfolio or secure passive income, 438 Breck St is a smart buy.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,842
Year Built
- Built in 1920
Lot Details
- 6,534 Sq Ft Lot
- Lot Dimensions are 50x130
Parking
- 2 Car Garage
- Driveway
- Off-Street Parking
Home Design
- Duplex
- Asphalt Roof
Interior Spaces
- 2,576 Sq Ft Home
- 2-Story Property
- Living Room
- Dining Room
- Basement Fills Entire Space Under The House
- Gas Dryer Hookup
Bedrooms and Bathrooms
- 5 Bedrooms
- 2 Full Bathrooms
Outdoor Features
- Deck
- Porch
Utilities
- No Cooling
Listing and Financial Details
- Security Deposit $1,075
- Assessor Parcel Number 16710030021
Community Details
Overview
- 2 Units
Building Details
- Insurance Expense $1,747
- Gross Income $29,220
- Net Operating Income $24,578
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 31, 2025
Closed on
Apr 24, 2025
Sold by
Go Realty Inc
Bought by
Suhovare Realty Llc
Seller's Agent
Kate Daye
Revolve Real Estate
Buyer's Agent
Kate Daye
Revolve Real Estate
List Price
$250,000
Sold Price
$232,500
Premium/Discount to List
-$17,500
-7%
Views
99
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$10,468
Avg. Annual Appreciation
-23.67%
Original Mortgage
$186,000
Outstanding Balance
$185,836
Interest Rate
6.64%
Mortgage Type
New Conventional
Estimated Equity
$30,897
Purchase Details
Listed on
Sep 7, 2021
Closed on
Feb 14, 2022
Sold by
Mark Golosky
Bought by
Go Realty Inc
Seller's Agent
Diane Friese
O BOYLE REAL ESTATE LLC
Buyer's Agent
Mari Noel Araya
Dwell Real Estate - Dunmore Branch Office
List Price
$139,000
Sold Price
$115,000
Premium/Discount to List
-$24,000
-17.27%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
24.44%
Purchase Details
Closed on
Aug 16, 1999
Bought by
Golosky Mark and Golosky Cheryl
Similar Homes in the area
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $232,500 | None Listed On Document | |
| Deed | $115,000 | None Listed On Document | |
| Quit Claim Deed | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $186,000 | New Conventional | |
| Previous Owner | $171,500 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/05/2025 05/05/25 | Sold | $232,500 | -3.9% | $90 / Sq Ft |
| 03/15/2025 03/15/25 | Pending | -- | -- | -- |
| 03/05/2025 03/05/25 | Price Changed | $242,000 | -1.2% | $94 / Sq Ft |
| 02/19/2025 02/19/25 | Price Changed | $245,000 | -2.0% | $95 / Sq Ft |
| 01/31/2025 01/31/25 | For Sale | $250,000 | +117.4% | $97 / Sq Ft |
| 02/16/2022 02/16/22 | Sold | $115,000 | -17.3% | $45 / Sq Ft |
| 01/20/2022 01/20/22 | Pending | -- | -- | -- |
| 09/07/2021 09/07/21 | For Sale | $139,000 | -- | $54 / Sq Ft |
Source: Greater Scranton Board of REALTORS®
Tax History Compared to Growth
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 | $3,239 | $10,000 | $1,700 | $8,300 |
| 2024 | $2,961 | $10,000 | $1,700 | $8,300 |
| 2023 | $2,961 | $10,000 | $1,700 | $8,300 |
| 2022 | $2,896 | $10,000 | $1,700 | $8,300 |
| 2021 | $2,896 | $10,000 | $1,700 | $8,300 |
| 2020 | $2,842 | $10,000 | $1,700 | $8,300 |
| 2019 | $2,674 | $10,000 | $1,700 | $8,300 |
| 2018 | $2,674 | $10,000 | $1,700 | $8,300 |
| 2017 | $2,627 | $10,000 | $1,700 | $8,300 |
| 2016 | $815 | $10,000 | $1,700 | $8,300 |
| 2015 | $1,975 | $10,000 | $1,700 | $8,300 |
| 2014 | -- | $10,000 | $1,700 | $8,300 |
Source: Public Records
Agents Affiliated with this Home
-
Seller's Agent in 2025
Kate Daye
Revolve Real Estate
(302) 242-8781
3 in this area
70 Total Sales
-
D
Seller's Agent in 2022
Diane Friese
O BOYLE REAL ESTATE LLC
(570) 586-2911
1 in this area
11 Total Sales
-
M
Buyer's Agent in 2022
Mari Noel Araya
Dwell Real Estate - Dunmore Branch Office
(954) 706-9446
4 in this area
44 Total Sales
Map
Source: Greater Scranton Board of REALTORS®
MLS Number: GSBSC250437
APN: 16710030021
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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