$265,000
SOLD MAY 23, 2025
5 Beds
2.5 Baths
1,900 Sq Ft
3,920 Sq Ft Lot

Recently Sold

$139 Per Sq Ft

10% Above List Price

10 Days on Market

Highlights

  • Living Room
  • Dining Room
  • 1-minute walk to Connors Park

About This Home

As of May 2025

This is the investment you've been waiting for! This well-maintained duplex grosses over $32,000 annually, with all utilities separately metered--keeping operating costs low and returns high. After accounting for taxes, insurance, and maintenance, this property delivers in excess of a 10 percent cap rate.Both units feature newer heating systems, hot water heaters, and updated electrical, minimizing future capital expenses. Long-term tenants are already in place, providing immediate and stable cash flow from day one.Whether you're a seasoned investor or just getting started, this property is a solid addition to any portfolio. Don't miss your chance to own a low-maintenance, high-yield asset!

Last Agent to Sell the Property

Pat Rogan

The Hub Real Estate Group Scranton License #RM425864 Listed on: 04/12/2025

Last Buyer's Agent

Kate Daye

Revolve Real Estate License #RM425525

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,942

Year Built

  • Built in 1920

Lot Details

  • 3,920 Sq Ft Lot
  • Lot Dimensions are 85x45

Home Design

  • Duplex

Interior Spaces

  • 1,900 Sq Ft Home
  • 2-Story Property
  • Living Room
  • Dining Room

Bedrooms and Bathrooms

  • 5 Bedrooms

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 15668010001
  • Tax Block 10
  • $11,000 per year additional tax assessments

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,942

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Directions: 538 540 River St in South Scranton
  • Lot Size Acres: 0.09
  • Prop. Type: Residential Income
  • Building Stories: 2
  • Year Built: 1920
  • Reso Property Sub Type: Duplex
  • Above Grade Finished Sq Ft: 1900
  • New Construction: No
  • AuctionYN: No
  • SchoolTaxAmount: 1626.33
  • EnhancedAcccessible: No
  • GSB_UnitTypeDiningRoomYN: No
  • GSB_UnitTypeLivingRoomYN: Yes
  • GSB_UnitTypeDiningRoomYN: Yes
  • GSB_UnitTypeLivingRoomYN: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Basement YN: No

Exterior Features

  • Waterfront: No

Schools

  • Junior High Dist: Scranton

Lot Info

  • Zoning: R
  • Lot Dimensions: 85X45
  • Parcel #: 15668010001

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 3941.84
  • Tax Block: 10
  • Tax Book Number: 202223505
  • Tax Other Annual Assessment Amount: 11000

Multi Family

  • Number Of Units Total: 2

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Range of Values:

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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
05/23/2025 05/23/25 Sold $265,000 +10.4% $139 / Sq Ft
04/22/2025 04/22/25 Pending -- -- --
04/12/2025 04/12/25 For Sale $239,995 -- $126 / Sq Ft
Source: Greater Scranton Board of REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater Scranton Board of REALTORS®

MLS Number: GSBSC251643

Greater Scranton Board of REALTORS®