$265,000
PENDING

Estimated payment $1,819/month

Total Views 38,647
-- Bed
-- Bath
2,600 Sq Ft
$102 Price per Sq Ft

About This Home

PRICE IMPROVEMENT! CALLING ALL INVESTORS – Fully Rented 4-Unit with Under Market Rents and Major Upside!
Turnkey Income + Future Growth!

Welcome to a rare 4-unit investment opportunity in Scranton’s highly desirable Pine Brook neighborhood! Fully rented and generating cash flow, this building offers immediate returns plus significant upside with current rents below market rates. Simply renew leases at updated market levels to substantially increase your cash flow and boost overall property value.

Current gross rental income: $38,100/year
Projected market rent: $46,800/year
Potential cap rate boost from 11.5% to 14.6%!
Low expenses and tenant-paid utilities
Minutes from Downtown Scranton, shopping, parks, and highways

Enjoy immediate cash flow and the opportunity for strong future growth. Do not miss this opportunity to add this investment property to your portfolio.

Listing Agent

Quinn Fenwick

Ramos Realty Listed on: 04/27/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,257

Year Built

  • Built in 1973

Lot Details

  • 6,098 Sq Ft Lot

Home Design

  • Quadruplex
  • Contemporary Architecture
  • Aluminum Siding
  • Vinyl Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,600 Sq Ft Home
  • Basement Fills Entire Space Under The House
  • Microwave

Parking

  • On-Street Parking
  • Off-Street Parking

Schools

  • Prescott Elementary School
  • West Scranton Middle School
  • Scranton High School

Utilities

  • Electric Baseboard Heater
  • Electric Water Heater

Community Details

  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 14516040006

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,257

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Quadruplex
  • Structure Type: Detached
  • Architectural Style: Contemporary
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1973
  • Automatically Close On Close Date: No
  • Remarks Public: PRICE IMPROVEMENT! CALLING ALL INVESTORS – Fully Rented 4-Unit with Under Market Rents and Major Upside! Turnkey Income + Future Growth! Welcome to a rare 4-unit investment opportunity in Scranton’s highly desirable Pine Brook neighborhood! Fully rented and generating cash flow, this building offers immediate returns plus significant upside with current rents below market rates. Simply renew leases at updated market levels to substantially increase your cash flow and boost overall property value. Current gross rental income: $38,100/year Projected market rent: $46,800/year Potential cap rate boost from 11.5% to 14.6%! Low expenses and tenant-paid utilities Minutes from Downtown Scranton, shopping, parks, and highways Enjoy immediate cash flow and the opportunity for strong future growth. Do not miss this opportunity to add this investment property to your portfolio.
  • Special Features: None

Interior Features

  • Appliances: Microwave, Refrigerator
  • Foundation Details: Concrete Perimeter
  • Basement: Yes
  • Basement Type: Full
  • Total Sq Ft: 2600
  • Living Area Sq Ft: 2600
  • Price Per Sq Ft: 101.92
  • Above Grade Finished Sq Ft: 2600
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 848

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Aluminum Siding, Vinyl Siding
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: Off Street, On Street

Utilities

  • Central Air Conditioning: No
  • Heating Fuel: Electric
  • Heating Type: Baseboard - Electric
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Schools

  • School District: SCRANTON
  • Elementary School: PRESCOTT
  • Middle School: WEST SCRANTON
  • High School: SCRANTON
  • Elementary School Source: Listing Agent
  • High School Source: Listing Agent
  • Middle School Source: Listing Agent
  • School District Key: 300200396568
  • School District Source: Listing Agent
  • Elementary School: PRESCOTT
  • High School: SCRANTON
  • Middle Or Junior School: WEST SCRANTON

Lot Info

  • Lot Size Acres: 0.14
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 6098.00
  • Year Assessed: 2024
  • Zoning: RESIDENTIAL/COMMERCIAL

Rental Info

  • Number Of Units Month To Month: 2
  • Total Actual Rent: 38100.00
  • Units Leased Count: 4
  • Vacation Rental: No

Tax Info

  • School Tax: 1922.04
  • Tax Annual Amount: 4257.32
  • Assessor Parcel Number: 14516040006
  • County Tax Payment Frequency: Annually
  • Tax Year: 2025

MLS Schools

  • School District Name: SCRANTON

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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 $4,257 $13,000 $2,450 $10,550
2024 $3,896 $13,000 $2,450 $10,550
2023 $3,896 $13,000 $2,450 $10,550
2022 $3,810 $13,000 $2,450 $10,550
2021 $3,810 $13,000 $2,450 $10,550
2020 $3,740 $13,000 $2,450 $10,550
2019 $3,520 $13,000 $2,450 $10,550
2018 $3,520 $13,000 $2,450 $10,550
2017 $3,459 $13,000 $2,450 $10,550
2016 $1,103 $13,000 $2,450 $10,550
2015 $2,609 $13,000 $2,450 $10,550
2014 -- $13,000 $2,450 $10,550
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/23/2025 07/23/25 Pending -- -- --
06/25/2025 06/25/25 Price Changed $265,000 -7.0% $102 / Sq Ft
04/28/2025 04/28/25 For Sale $285,000 +171.4% $110 / Sq Ft
12/09/2020 12/09/20 Sold $105,000 -4.5% $40 / Sq Ft
10/31/2020 10/31/20 Pending -- -- --
06/02/2020 06/02/20 For Sale $110,000 -- $42 / Sq Ft
Source: Bright MLS

Purchase History

Date Type Sale Price Title Company
Deed $105,000 None Available
Deed $102,000 None Available
Deed $96,000 None Available
Deed $50,050 None Available
Quit Claim Deed -- None Available
Deed $101,000 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Closed $30,000 Construction
Open $133,500 Construction
Previous Owner $76,500 Commercial
Previous Owner $76,800 Future Advance Clause Open End Mortgage
Previous Owner $90,900 Commercial
Source: Public Records

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Source: Bright MLS

MLS Number: PALW2000590

Bright MLS

APN: 14516040006