$480,000
Scranton, PA 18504
MLS# PW-252747
Status: Closed
13 beds | 4 baths | 5400 sqft
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Property Description
Introducing a rare opportunity to own a monster 4-plex in Scranton, PA! This very large property is in fantastic shape and offers four spacious units, all fully occupied by excellent tenants. Recent updates include new flooring throughout, along with modernized kitchens and bathrooms in several units. The property generates a strong annual gross rent of $57,600, making it a true turnkey investment. The layout consists of two 2-bedroom units, one 4-bedroom unit, and one impressive 5-bedroom unit. Each unit features two egresses, a private back porch overlooking the generous backyard, and access to both off-street and on-street parking. Tenants are responsible for electric, while the owner covers gas, water, sewer, taxes, and insurance—streamlining management and ensuring consistent income. Whether you're looking to expand your portfolio or step into multi-family investing, this property delivers size, condition, and cash flow. Don't miss your chance to secure a turnkey rental property in the heart of Scranton!
Details
Documents
Contract Information
Current Price: $480,000
Sold Price: $480,000
Status: Closed
Listing Contract Date: 2025-08-20
Property Sub Type: Multi Family
Listing Service: Full Service
General Property Information
Number Of Buildings: 1
Number Of Units Total: 4
Bedrooms Total: 13
Bathrooms Total: 4
Bathrooms Full: 4
Above Grade Finished Area: 5400
Below Grade Finished Area: 2184
Living Area: 5400
Year Built: 1935
Year Built Source: Public Records
New Construction YN: No
Garage YN: No
Lot Size Acres: 0.22
Lot Size Dimensions: 60’ x 161’ x 60’ x 161’
Association YN: No
Waterfront YN: No
Water Body Name: None
Stories: 3
List Price/SqFt: 92.41
Sold Price/SqFt: 88.89
Remarks and Miscellaneous
Public Remarks: Introducing a rare opportunity to own a monster 4-plex in Scranton, PA! This very large property is in fantastic shape and offers four spacious units, all fully occupied by excellent tenants. Recent updates include new flooring throughout, along with modernized kitchens and bathrooms in several units. The property generates a strong annual gross rent of $57,600, making it a true turnkey investment.
The layout consists of two 2-bedroom units, one 4-bedroom unit, and one impressive 5-bedroom unit. Each unit features two egresses, a private back porch overlooking the generous backyard, and access to both off-street and on-street parking. Tenants are responsible for electric, while the owner covers gas, water, sewer, taxes, and insurance—streamlining management and ensuring consistent income.
Whether you're looking to expand your portfolio or step into multi-family investing, this property delivers size, condition, and cash flow. Don't miss your chance to secure a turnkey rental property in the heart of Scranton!
Status Change Information
Major Change Timestamp: 2026-05-08T16:20:37Z
Major Change Type: Status Change
Price Change Timestamp: 2026-01-21T20:28:04Z
Purchase Contract Date: 2026-04-08
Close Date: 2026-05-01
Close Price: 480000
Concessions: No
Buyer Financing: Conventional
Unit 1
Unit #: 1
Actual Rent: 975
Security Deposit $: 975
SqFt Total: 950
Baths Total: 1
Beds Total: 2
Dining Room YN: No
Kitchen YN: Yes
Living Room YN: Yes
Occupied YN: Yes
Unit Remarks: M-M
Unit 2
Unit #: 2
Actual Rent: 950
Security Deposit $: 950
SqFt Total: 950
Baths Total: 1
Beds Total: 2
Dining Room YN: Yes
Kitchen YN: Yes
Living Room YN: Yes
Occupied YN: Yes
Unit Remarks: M-M
Unit 3
Unit #: 3
Actual Rent: 1375
Security Deposit $: 1375
SqFt Total: 1650
Baths Total: 1
Beds Total: 4
Dining Room YN: Yes
Kitchen YN: Yes
Living Room YN: Yes
Occupied YN: Yes
Lease Expiration Date: 2026-09-30
Unit 4
Unit #: 4
Actual Rent: 1500
Security Deposit $: 1500
SqFt Total: 1850
Baths Total: 1
Beds Total: 5
Dining Room YN: Yes
Kitchen YN: Yes
Living Room YN: Yes
Occupied YN: Yes
Unit Remarks: M-M
Location Tax and Legal
Street Number: 1413
Street Name: 1415 Lafayette
Street Suffix: Street
County: Lackawanna
State: PA
Postal Code: 18504
Subdivision Name: None
Property Features
Appliances: Dryer; Oven; Refrigerator; Washer; Other
Basement: Full; Unfinished
Cooling: Ceiling Fan(s)
Flooring: Carpet; Hardwood; Luxury Vinyl
Heating: Natural Gas; Steam
Income Includes: Rent Only
Laundry Features: In Basement
Levels: Three Or More
Owner Pays: Gas; Insurance; Sewer; Taxes; Water
Parking Features: Driveway; Off Street; On Street
Patio And Porch Features: Front Porch
Property Condition: Updated/Remodeled
Road Responsibility: Public Maintained Road
Sewer: Public Sewer
Structure Type: Multi Family; Quadruplex
Tenant Pays: Electricity
Water Source: Public
Lead-Based Paint Hazards Disclosure 
Listing Office: SIX PM LLC
Last Updated: May - 08 - 2026
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