$380,000
Scranton, PA 18509
MLS# PW-252745
Status: Closed
6 beds | 4 baths | 2800 sqft
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Property Description
Fantastic Quadplex Investment Opportunity in Scranton Welcome to 315-317 Larch Street, a well-maintained quadplex offering strong rental income and long-term stability. This property features two spacious one-bedroom units and two comfortable two-bedroom units, with three of the four currently occupied by excellent tenants. Recent updates throughout the building ensure each unit is in excellent shape and appealing to renters. Tenants are responsible for their own electric and heat, while the owner covers sewer, water, taxes, and insurance, making this an efficient and manageable investment. The property also boasts a large backyard for tenant enjoyment and plenty of on-street parking for convenience. With a total yearly gross income of $50,400 when fully occupied and a solid current tenant base, this property is a true turnkey opportunity for both new and seasoned investors. Don't miss the chance to add this income-producing asset to your portfolio.
Details
Documents
Contract Information
Listing Service: Full Service
Current Price: $380,000
Sold Price: $380,000
Status: Closed
Listing Contract Date: 2025-08-20
Property Sub Type: Multi Family
Location, Tax, and Legal
Municipality: City Of Scranton
High School District: Scranton School District
County Tax Amount: 1034.78
Municipal Tax Amount: 405.07
School Tax Amount: 1700.26
Tax Annual Amount: 4087.06
Tax Assessed Value: 11500
Parcel Number: 14605070043
Zoning: Residential
Tax Book Number: 202223522
General Property Information
Number Of Buildings: 1
Number Of Units Total: 4
Bathrooms Half: 0
Above Grade Finished Area: 2800
Below Grade Finished Area: 0
Lot Size Acres: 0.12
Lot Size Dimensions: 60’ x 90’ x 60’ x 90’
Association YN: No
Year Built Source: Public Records
New Construction YN: No
Garage Spaces: 0
Waterfront YN: No
Water Body Name: None
Stories: 2
List Price/SqFt: 142.5
Sold Price/SqFt: 135.71
Bedrooms Total: 6
Bathrooms Total: 4
Bathrooms Full: 4
Building Area Total: 2800
Year Built: 1930
Remarks and Miscellaneous
Public Remarks: Fantastic Quadplex Investment Opportunity in Scranton
Welcome to 315-317 Larch Street, a well-maintained quadplex offering strong rental income and long-term stability. This property features two spacious one-bedroom units and two comfortable two-bedroom units, with three of the four currently occupied by excellent tenants. Recent updates throughout the building ensure each unit is in excellent shape and appealing to renters.
Tenants are responsible for their own electric and heat, while the owner covers sewer, water, taxes, and insurance, making this an efficient and manageable investment. The property also boasts a large backyard for tenant enjoyment and plenty of on-street parking for convenience.
With a total yearly gross income of $50,400 when fully occupied and a solid current tenant base, this property is a true turnkey opportunity for both new and seasoned investors. Don't miss the chance to add this income-producing asset to your portfolio.
Status Change Information
Concessions: Yes
Buyer Financing: VA
Concessions Amount: 10000
Major Change Timestamp: 2025-10-09T21:41:10Z
Major Change Type: Status Change
Purchase Contract Date: 2025-08-30
Close Date: 2025-10-09
Close Price: 380000
Appliances
Oven: 1
Refrigerator: 1
Cooling
Ceiling Fan(s): 1
Heating
Baseboard: 1
Electric: 1
Laundry Features
In Unit: 1
Levels
Two: 1
Parking Features
On Street: 1
Patio And Porch Features
Front Porch: 1
Property Condition
Updated/Remodeled: 1
Road Responsibility
Public Maintained Road: 1
Sewer
Public Sewer: 1
Structure Type
Multi Family: 1
Quadruplex: 1
Water Source
Public: 1
Unit 1
Unit #: 1
Actual Rent: 0
Security Deposit $: 0
SqFt Total: 700
Baths Total: 1
Beds Total: 1
Dining Room YN: Yes
Kitchen YN: Yes
Living Room YN: Yes
Unit Remarks: VACANT
Unit 2
Unit #: 2
Actual Rent: 1000
Security Deposit $: 1000
SqFt Total: 700
Baths Total: 1
Beds Total: 1
Dining Room YN: No
Kitchen YN: Yes
Living Room YN: Yes
Occupied YN: Yes
Unit 3
Unit #: 3
Actual Rent: 1100
Security Deposit $: 1100
SqFt Total: 700
Baths Total: 1
Beds Total: 2
Dining Room YN: No
Kitchen YN: Yes
Living Room YN: Yes
Occupied YN: Yes
Unit 4
Unit #: 4
Actual Rent: 1100
Security Deposit $: 100
SqFt Total: 700
Baths Total: 1
Beds Total: 2
Dining Room YN: No
Kitchen YN: Yes
Living Room YN: Yes
Occupied YN: Yes
Owner Pays
Insurance: 1
Sewer: 1
Taxes: 1
Water: 1
Tenant Pays
Electricity: 1
Unit Details
1 Bedroom: 2
2 Bedroom: 2
Income Includes
Rent Only: 1
Location Tax and Legal
Street Number: 315
Street Name: 317 Larch
Street Suffix: Street
County: Lackawanna
City (Post Office): Scranton
State: PA
Postal Code: 18509
Subdivision Name: None
Property Features
Appliances: Oven; Refrigerator
Cooling: Ceiling Fan(s)
Heating: Baseboard; Electric
Income Includes: Rent Only
Laundry Features: In Unit
Levels: Two
Owner Pays: Insurance; Sewer; Taxes; Water
Parking Features: 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: October - 09 - 2025
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