640 Jefferson Ave Scranton, PA 18510
Hill Section NeighborhoodEstimated payment $9,102/month
About This Home
Fully Occupied & Cash Flowing 17-unit multifamily in Scranton, PA, just minutes from Geisinger Medical School and Commonwealth Hospital. Ideal for students and professionals, with nearby major employers including the University of Scranton, Sanofi, PennDOT, Amazon, and MetLife. Turn-key investment in a strong rental market and upside opportunity. Don't miss out!
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $13,326
Year Built
- Built in 1980
Home Design
- Vinyl Siding
Bedrooms and Bathrooms
- 18 Bedrooms
- 17 Full Bathrooms
Utilities
- Heating Available
Community Details
Overview
- 17 Units
Building Details
- Operating Expense $31,135
- Gross Income $211,320
- Net Operating Income $176,286
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 | $13,326 | $36,000 | $14,600 | $21,400 |
| 2024 | $12,294 | $36,000 | $14,600 | $21,400 |
| 2023 | $12,294 | $36,000 | $14,600 | $21,400 |
| 2022 | $12,028 | $36,000 | $14,600 | $21,400 |
| 2021 | $12,028 | $36,000 | $14,600 | $21,400 |
| 2020 | $11,835 | $36,000 | $14,600 | $21,400 |
| 2019 | $11,169 | $36,000 | $14,600 | $21,400 |
| 2018 | $11,169 | $36,000 | $14,600 | $21,400 |
| 2017 | $11,000 | $36,000 | $14,600 | $21,400 |
| 2016 | $0 | $36,000 | $14,600 | $21,400 |
| 2015 | $8,570 | $36,000 | $14,600 | $21,400 |
| 2014 | -- | $36,000 | $14,600 | $21,400 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 12/13/2025 12/13/25 | Pending | -- | -- | -- | |
| 11/18/2025 11/18/25 | For Sale | $1,529,977 | +462.5% | -- | |
| 05/25/2017 05/25/17 | Sold | $272,000 | -16.3% | $39 / Sq Ft | View Prior Sale |
| 02/18/2017 02/18/17 | Pending | -- | -- | -- | |
| 02/08/2016 02/08/16 | For Sale | $325,000 | -- | $46 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $1,042,990 | None Listed On Document | |
| Deed | $500,000 | None Available | |
| Deed | $272,000 | None Available |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $775,000 | Credit Line Revolving | |
| Previous Owner | $375,000 | Purchase Money Mortgage |
Source: Greater Lehigh Valley REALTORS®
MLS Number: 768351
APN: 14677020006
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