640 Alder St Scranton, PA 18505
South Side NeighborhoodEstimated payment $2,415/month
Highlights
- No HOA
- Living Room
- 2 Car Garage
- Front Porch
- Dining Room
- Level Lot
About This Home
This renovated 3-unit property in Scranton offers a fantastic investment opportunity grossing over $48K annually. The front single-family home features 5 bedrooms, 1.5 baths, and three levels of living space. Behind the main house, a duplex offers 2 bedroom, 1 bath units on each floor. There is also a detached two-car garage and off street parking.Each property has been updated with modern vinyl flooring, kitchens, and bathrooms. Whether you're looking to expand your portfolio or live in one unit while renting the others, this turnkey property is a must-see. Don't miss out on this prime investment opportunity and schedule a showing today!
Listing Agent
LUZERNE COUNTY ASSOCIATION OF REALTORS License #RS361129 Listed on: 05/02/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,138
Year Built
- Built in 1950 | Remodeled
Lot Details
- 6,534 Sq Ft Lot
- Lot Dimensions are 40x162
- Level Lot
Parking
- 2 Car Garage
- 3 Open Parking Spaces
- Alley Access
- Driveway
- On-Street Parking
- Off-Street Parking
Home Design
- Triplex
- Stone Foundation
- Shingle Roof
- Rubber Roof
- Vinyl Siding
Interior Spaces
- 3,000 Sq Ft Home
- 2-Story Property
- Living Room
- Dining Room
- Vinyl Flooring
- Built-In Gas Oven
- Laundry in unit
- Unfinished Basement
Bedrooms and Bathrooms
- 9 Bedrooms
Outdoor Features
- Front Porch
Utilities
- No Cooling
- Heating System Uses Natural Gas
- Natural Gas Connected
Listing and Financial Details
- Exclusions: Tenant Personal Items
- The owner pays for gas, water, sewer, taxes
- Assessor Parcel Number 15620030040
- $14,000 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 3 Units
Building Details
- 3 Separate Electric Meters
- 2 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $60
- Insurance Expense $1,933
- Water Sewer Expense $3,836
- Gross Income $48,840
- Net Operating Income $35,084
Map
Home Values in the Area
Average Home Value in this Area
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 | $4,548 | $14,000 | $2,450 | $11,550 |
| 2024 | $4,159 | $14,000 | $2,450 | $11,550 |
| 2023 | $4,159 | $14,000 | $2,450 | $11,550 |
| 2022 | $4,068 | $14,000 | $2,450 | $11,550 |
| 2021 | $4,068 | $14,000 | $2,450 | $11,550 |
| 2020 | $3,992 | $14,000 | $2,450 | $11,550 |
| 2019 | $3,756 | $14,000 | $2,450 | $11,550 |
| 2018 | $3,756 | $14,000 | $2,450 | $11,550 |
| 2017 | $3,690 | $14,000 | $2,450 | $11,550 |
| 2016 | $1,154 | $14,000 | $2,450 | $11,550 |
| 2015 | $2,777 | $14,000 | $2,450 | $11,550 |
| 2014 | -- | $14,000 | $2,450 | $11,550 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/07/2025 06/07/25 | Price Changed | $367,500 | -2.6% | $123 / Sq Ft |
| 05/02/2025 05/02/25 | For Sale | $377,500 | 0.0% | $126 / Sq Ft |
| 09/07/2022 09/07/22 | Rented | $18,840 | +1156.0% | -- |
| 08/18/2022 08/18/22 | Under Contract | -- | -- | -- |
| 08/03/2022 08/03/22 | For Rent | $1,500 | 0.0% | -- |
| 09/20/2021 09/20/21 | Sold | $142,500 | -4.9% | $45 / Sq Ft |
| 07/24/2021 07/24/21 | Pending | -- | -- | -- |
| 06/15/2021 06/15/21 | For Sale | $149,900 | -- | $47 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $142,500 | New Title Company Name | |
| Deed | $142,500 | New Title Company Name | |
| Deed | $67,000 | -- | |
| Deed | $67,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $26,228 | New Conventional | |
| Open | $164,000 | New Conventional | |
| Previous Owner | $154,900 | Construction |
Source: Greater Scranton Board of REALTORS®
MLS Number: GSBSC252045
APN: 15620030040
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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