$300,000
SOLD MAR 6, 2025
4 Beds
4 Baths
4,455 Sq Ft
7,405 Sq Ft Lot

Recently Sold

$67 Per Sq Ft

4 Days on Market

About This Home

As of March 2025

Welcome to the perfect investment - a well-maintained 4-unit multi-family property in the heart of Scranton, PA. This property is fully rented and generates over 39,000 in annual rental income, making it a standout in today's market.Each of the four spacious units has separate utilities, ensuring minimal owner expenses and maximizing profitability. Tenants enjoy comfortable living spaces, while investors appreciate the ease of management and steady cash flow.Key Features include (1) fully rented with long-term, reliable tenants in place (2) All separate utilities (landlord currently pays water but it is separately metered) (3) Low maintenance exterior with solid construction and a well-kept appearance(4) Convenient location near local shops, schools, public transportation, and major roadways (5) Strong rental demand in the area, ensuring consistent occupancy and potential rent growth.Whether you're a seasoned investor or looking to start your real estate portfolio, this is a fantastic addition with excellent income potential and minimal stress.

Last Agent to Sell the Property

Kate Daye

Revolve Real Estate License #RM425525 Listed on: 01/03/2025

Last Buyer's Agent

Kate Daye

Revolve Real Estate License #RM425525 Listed on: 01/03/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,681

Year Built

  • Built in 1925 | Remodeled

Lot Details

  • 7,405 Sq Ft Lot
  • Lot Dimensions are 40x160

Home Design

  • Quadruplex

Interior Spaces

  • 2-Story Property
  • Living Room
  • Unfinished Basement

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Full Bathrooms

Utilities

  • Heating Available

Listing and Financial Details

  • Security Deposit $795
  • Tenant pays for electricity
  • Assessor Parcel Number 1670803004601
  • $15,000 per year additional tax assessments

Community Details

Overview

  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Water Meters
  • Insurance Expense $1,132
  • Water Sewer Expense $4,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,681

Year Built

Built in 1925 | Remodeled

Lot Details

0

Listing Details

  • Directions: Pittston Ave headed towards Scranton, turn onto Maple St, home will be on left
  • Lot Size Acres: 0.17
  • Prop. Type: Residential Income
  • Building Stories: 2
  • Year Built: 1925
  • Reso Property Sub Type: Multi Family
  • Above Grade Finished Sq Ft: 2970
  • New Construction: No
  • Reso Property Condition: Updated/Remodeled
  • Reso Structure Type: Quadruplex
  • AuctionYN: No
  • SchoolTaxAmount: 2217.73
  • EnhancedAcccessible: No
  • WaterExpense: 4000.00
  • GSB_UnitTypeDiningRoomYN: No
  • GSB_UnitTypeLivingRoomYN: Yes
  • GSB_UnitTypeDiningRoomYN: No
  • GSB_UnitTypeLivingRoomYN: Yes
  • GSB_UnitTypeSecurityDeposit: 795.00
  • GSB_UnitTypeDiningRoomYN: No
  • GSB_UnitTypeLivingRoomYN: Yes
  • GSB_UnitTypeDiningRoomYN: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Full Bathrooms: 4
  • Total Bedrooms: 4
  • Has Basement: Unfinished
  • Basement YN: Yes
  • Below Grade Sq Ft: 1485

Exterior Features

  • Waterfront: No

Utilities

  • Heating: Electric
  • Water Source: Public

Schools

  • Junior High Dist: Scranton

Lot Info

  • Zoning: R9
  • Lot Dimensions: 40X160
  • Parcel #: 1670803004601

Rental Info

  • Tenant Pays: Electricity

Tax Info

  • Tax Year: 2024
  • New Taxes Expense: 4173
  • Tax Book Number: 201509638
  • Tax Other Annual Assessment Amount: 15000

Multi Family

  • Number Of Units Total: 4
  • Income Includes: ["Rent Only"]
  • Insurance Expense: 1132
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Water Meters: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 3, 2025
Closed on
Feb 24, 2025
Sold by
Patti Glenn
Bought by
Heartland Bromley Llc
Seller's Agent
Kate Daye
Revolve Real Estate
Buyer's Agent
Kate Daye
Revolve Real Estate
List Price
$300,000
Sold Price
$300,000
Views
3
Current Estimated Value
$291,085

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$8,915
Avg. Annual Appreciation
-4.60%
Original Mortgage
$240,000
Outstanding Balance
$238,793
Interest Rate
6.96%
Mortgage Type
New Conventional
Estimated Equity
$52,292

Purchase Details

Listed on
Feb 16, 2015
Closed on
Jun 19, 2015
Sold by
Nash David H and Nash Marlene O
Bought by
Patti Glenn
Seller's Agent
Jim Nasser
NASSER REAL ESTATE, INC.
Buyer's Agent
Kimberly Korgeski
Keller Williams Real Estate-Clarks Summit
List Price
$149,700
Sold Price
$144,000
Premium/Discount to List
-$5,700
-3.81%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.84%
Original Mortgage
$108,000
Interest Rate
3.84%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 14, 2007
Sold by
Bello Kenneth L and Bello Leighann
Bought by
Nash David H and Nash Marlene O

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$146,250
Interest Rate
6.42%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Deed $300,000 None Listed On Document
Deed $144,000 Attorney
Deed $195,000 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $240,000 New Conventional
Previous Owner $108,000 Commercial
Previous Owner $146,250 New Conventional
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/06/2025 03/06/25 Sold $300,000 0.0% $67 / Sq Ft
01/07/2025 01/07/25 Pending -- -- --
01/03/2025 01/03/25 For Sale $300,000 0.0% $67 / Sq Ft
09/19/2023 09/19/23 Rented $10,694 +1158.1% --
09/19/2023 09/19/23 For Rent $850 0.0% --
06/19/2015 06/19/15 Sold $144,000 -3.8% $48 / Sq Ft View Prior Sale
05/11/2015 05/11/15 Pending -- -- --
02/16/2015 02/16/15 For Sale $149,700 -- $50 / Sq Ft
Source: Greater Scranton Board of REALTORS®

Tax History Compared to Growth

Source: Public Records

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 $4,681 $15,000 $1,650 $13,350
2024 $4,268 $15,000 $1,650 $13,350
2023 $4,268 $15,000 $1,650 $13,350
2022 $4,174 $15,000 $1,650 $13,350
2021 $4,174 $15,000 $1,650 $13,350
2020 $4,093 $15,000 $1,650 $13,350
2019 $3,847 $15,000 $1,650 $13,350
2018 $3,847 $15,000 $1,650 $13,350
2017 $3,777 $15,000 $1,650 $13,350
2016 $1,059 $15,000 $1,650 $13,350
2015 -- $15,000 $1,650 $13,350
2014 -- $15,000 $1,650 $13,350
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater Scranton Board of REALTORS®

MLS Number: GSBSC250087

Greater Scranton Board of REALTORS®

APN: 1670803004601