David Mitchell
The Hub Real Estate Group Scranton
(272) 770-0922
27 Total Sales
4 in South Side
$70K - $235K Price Range
640 Alder St Scranton, PA 18505
South Side NeighborhoodEstimated Value: $367,000 - $405,000
9
Beds
3.5
Baths
3,000
Sq Ft
$128/Sq Ft
Est. Value
Highlights
- No HOA
- Living Room
- 2 Car Garage
- Front Porch
- Dining Room
- Level Lot
About This Home
As of September 2025This 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!
Last Agent to Sell the Property
Irelyn Jannuzzi
LUZERNE COUNTY ASSOCIATION OF REALTORS License #RS361129 Listed on: 05/02/2025
Last Buyer's Agent
NON MEMBER
NON MEMBER
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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
- Tenant pays for electricity, gas, hot water
- 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
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 2, 2025
Closed on
Sep 27, 2025
Sold by
Scranton Rentals Llc
Bought by
Seller's Agent
Irelyn Jannuzzi
LUZERNE COUNTY ASSOCIATION OF REALTORS
Buyer's Agent
NON MEMBER
NON MEMBER
List Price
$377,500
Sold Price
$358,000
Premium/Discount to List
-$19,500
-5.17%
Views
104
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
$26,950
Avg. Annual Appreciation
8.03%
Original Mortgage
$286,400
Outstanding Balance
$284,019
Interest Rate
6.5%
Mortgage Type
New Conventional
Estimated Equity
$100,931
Purchase Details
Listed on
Jun 15, 2021
Closed on
Sep 20, 2021
Sold by
Colangelo Donald J
Bought by
Scranton Rentals Llc
Seller's Agent
Loren Keim
Century 21 Keim Realtors
Buyer's Agent
Kelly Oltmann
ERA One Source Realty
List Price
$149,900
Sold Price
$142,500
Premium/Discount to List
-$7,400
-4.94%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
25.68%
Original Mortgage
$154,900
Interest Rate
3.56%
Mortgage Type
Construction
Purchase Details
Closed on
Dec 19, 1996
Bought by
Colangelo Donald and Engle Mark
Home Values in the Area
Average Home Value in this Area
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-
David Mitchell
-
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Adam Davis
Adam Davis
CLASSIC PROPERTIES
(570) 774-4682
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$70K - $270K Price Range
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $358,000 | Fidelity National Title Insura | ||
| Scranton Rentals Llc | $142,500 | New Title Company Name | |
| Colangelo Donald | $67,000 | -- |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $286,400 | ||
| Previous Owner | Scranton Rentals Llc | $26,228 | |
| Previous Owner | Scranton Rentals Llc | $164,000 | |
| Previous Owner | Scranton Rentals Llc | $154,900 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 09/30/2025 09/30/25 | Off Market | $358,000 | -- | -- | |
| 09/29/2025 09/29/25 | Sold | $358,000 | -2.6% | $119 / Sq Ft | |
| 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 | View Prior Sale |
| 07/24/2021 07/24/21 | Pending | -- | -- | -- | |
| 06/15/2021 06/15/21 | For Sale | $149,900 | -- | $47 / Sq Ft |
Source: Greater Scranton Board of REALTORS®
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
|---|---|---|---|---|
| 2026 | $46,656 | $291,620 | $32,930 | $258,690 |
| 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 |
Source: Public Records
Agents Affiliated with this Home
-
IJ
Seller's Agent in 2025
Irelyn Jannuzzi
LUZERNE COUNTY ASSOCIATION OF REALTORS
-
N
Buyer's Agent in 2025
NON MEMBER
NON MEMBER
-
Kelly Oltmann
Seller's Agent in 2022
Kelly Oltmann
ERA One Source Realty
(570) 209-6031
7 in this area
94 Total Sales
-
Loren Keim
Seller's Agent in 2021
Loren Keim
Century 21 Keim Realtors
(610) 969-7200
1 in this area
426 Total Sales
Map
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.
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
Listings courtesy of Reelfoot Regional Association of REALTORS® as distributed by MLS GRID.
Based on information submitted to the MLS GRID
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