640 Alder Street, Scranton

Scranton, PA, 18505 · MLS #25-1192

$358,000

Sold September 2025

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Approximate location · View larger map

Units

3,200

Building SF

$112

Per Sq Ft

Last List Price

$367,500

Sold For

$358,000

Against Asking

Sold 2.6% below asking

Thinking about selling in Scranton? Find out what your home is worth, based on recent sales like this one.

About This Property

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. 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!

This property has sold and is no longer on the market. It sold for $358,000 in September 2025. Contact us for other recent sales nearby. Listed by eXp Realty- Scranton/Wilkes-Barre.

Property Details

The Property

Property Type: Residential Income
Sub-Type: Multi Family
Style: 3 or More Units
Condition: Very Good

Interior

Basement: Concrete
Interior Features: Drywall, Plaster
Included: Refrigerator x3, Stove/Oven X3

Systems

Heating: Natural Gas
Water: Public
Sewer: Public Sewer

Exterior & Lot

Exterior: Vinyl Siding
Roof: Composition
Outdoor: Porch
Garage: 2 Car Detached
Lot Dimensions: 162x40

Location

County: Lackawanna County
School District: Scranton
Zoning: Residential

Costs & Listing

Annual Taxes: $5,138
Gross Income: $48,840
Net Operating Income: $35,084
Cap Rate: 9.55%
MLS #: 25-1192
Listed By: eXp Realty- Scranton/Wilkes-Barre

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