640 Alder Street, Scranton, PA 18505

$367,500
Property Type: Residential Income Square Footage: 3,200 Status: Closed
Current Price: $367,500 List Date: 3/18/2025 Last Modified: 7/25/2026

Overview

Description

This renovated 3-unit property in Scranton offers a fantastic investment opportunity grossing over $48K annually. The front single-family home features 5 bedrooms, 1.5 baths, and three levels of living space. Behind the main house, a duplex offers 2 bedroom, 1 bath units on each floor. There is also a detached two-car garage and off street parking.

Supplements: Each property has been updated with modern vinyl flooring, kitchens, and bathrooms. Whether you're looking to expand your portfolio or live in one unit while renting the others, this turnkey property is a must-see. Don't miss out on this prime investment opportunity and schedule a showing today!

Listing Details MLS# 25-1192

Location, Tax & Legal

House # (1)
640
Street Name
Alder
Street Suffix
Street
City (Post Office)
Scranton
State/Province
PA
Zip Code
18505
County
Lackawanna
MLS Area
Misc Out of County
School District
Scranton
Municipality
Scranton City
Develop/Subdivision
None
House # (2)
642
Zoning
Residential
PIN #
15620030040
DB/Record Book
2022
Page
03137
Total County Assmnt
205941
Est County Tax
1233.4
Est Total Tax
5138.4

Listing Information

Limited Service
No

Property Information

Property Sub Type
Multi Family
Realtor.COM Type
Multi-Family
Style
3 or More Units
Aprx Total SF
3200
Est Age Range
76 - 100 Yrs
Garage Stalls
2
Garage Type
Detached
# Spaces off-Street
3
Parking
On-Street

Remarks Directions

Directions
Take I-81 N to River St in Scranton. Take exit 184 from I-81 N. Continue on River St. Drive to Alder St.

Status Change Information

Under Contract Date
2025-08-08
Sold Date
2025-09-29

Expenses

Annual Gross Income
48840
Annual Electric Exp
60.21
Annual Gas Exp
2788.13
Annual Water Exp
3836.09
Annual Real Est Tax
5138.4
Annual Fire/Liabilty
1933
Total Annl Expenses
13755.83
Anl Net Inc b/4 Debt
35084.17
Annual Othr Fuel Exp
0
Annual Sewer Exp
0
Annual Garbage Remvl
0
Annual Flood Ins
0
Annual Lawn Maint.
0
Annual Snow Removal
0
Annual Other Misc
0

More Information

Appliances

# Ranges
3
# Refrigerators
3

Unit 1 Info

Unit #
640
Approx SF
1500
# Rooms
9
Monthly Rent
1675
# Bedrooms
5
Kitchen Style
Modern
# Baths
15
Lease
Y
Heat in Rent
N
Hot Water in Rent
N
Electric in Rent
N
Water in Rent
Y
Sewer in Rent
Y

Unit 2 Info

Unit #
642
Approx SF
850
# Rooms
7
Monthly Rent
1245
# Bedrooms
2
Kitchen Style
Modern
# Baths
Yes
Lease
Y
Heat in Rent
Y
Hot Water in Rent
Y
Electric in Rent
N
Water in Rent
Y
Sewer in Rent
Y

Unit 3 Info

Unit #
642
Approx SF
850
# Rooms
7
Monthly Rent
1225
# Bedrooms
2
Kitchen Style
Modern
# Baths
Yes
Lease
Y
Heat in Rent
Y
Hot Water in Rent
Y
Electric in Rent
N
Water in Rent
Y
Sewer in Rent
Y

Remarks & Directions

Include
Refrigerator x3, Stove/Oven X3
Exclude
Tenant Personal Items
Hot Sheet Comment
price

Showing Instructions

Contact Showing Service - See Remarks
Yes

Heat Fuel Type

Electric
Yes
Gas
Yes

Interior Finish

Drywall
Yes
Plaster
Yes

Heat Type

Electric Baseboard
Yes
Steam
Yes
Combination
Yes

Condition

Very Good
Yes

AC Type

None
Yes

Water

Public
Yes

Exterior

Vinyl
Yes

Sewer

Public
Yes

Roof

Comp Shingle
Yes
Rubber
Yes

Basement

Concrete Floor
Yes
Dirt Floor
Yes
Full Unfinished
Yes

MF Amenities

Porch
Yes

Property Features

Showing Instructions: Contact Showing Service - See Remarks Heat Fuel Type: Electric; Gas Heat Type: Combination; Electric Baseboard; Steam AC Type: None Condition: Very Good Exterior: Vinyl Roof: Comp Shingle; Rubber Interior Finish: Drywall; Plaster Water: Public Sewer: Public Basement: Concrete Floor; Dirt Floor; Full Unfinished MF Amenities: Porch
Listing Office: eXp Realty- Scranton/Wilkes-Barre
Listing Agent: Irelyn Jannuzzi
Last Updated: July - 25 - 2026
Information deemed reliable but not guaranteed.
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