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!
Sold for $358,000
$358,000
640 Alder St, Scranton, PA 18505
9beds
3,000sqft
Multi Family, Triplex
Built in 1950
-- sqft lot
$372,500 Zestimate®
$119/sqft
$1,202 Estimated rent
Home value
$372,500
$335,000 - $406,000
$1,202/mo
Zestimate® history
Owner options
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$1,202/mo
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$1,202/mo
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$2,300/mo
Est. payment
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$2,300/mo
Est. payment
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List your homeWhat's special
Detached two-car garageOff street parking
Zillow last checked:
Listing updated:
Listed by:
Irelyn Jannuzzi,
LUZERNE COUNTY ASSOCIATION OF REALTORS
Bought with:
NON MEMBER
NON MEMBER
Source: GSBR as distributed by MLS GRID,MLS#: SC252045
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 9
- Bathrooms: 4
- Full bathrooms: 3
- 1/2 bathrooms: 1
Heating
- Electric, Natural Gas
Cooling
- None
Appliances
- Included: Built-In Gas Oven, Refrigerator
- Laundry: In Unit
Features
- Flooring: Vinyl
- Basement: Unfinished
Interior area
- Total structure area: 3,000
- Total interior livable area: 3,000 sqft
- Finished area above ground: 3,000
- Finished area below ground: 0
Property
Parking
- Total spaces: 5
- Parking features: Alley Access, Off Street, On Street, Garage, Driveway
- Garage spaces: 2
- Uncovered spaces: 3
Features
- Stories: 2
- Patio & porch: Front Porch
Lot
- Size: 6,534 sqft
- Dimensions: 40 x 162
- Features: Level
Details
- Parcel number: 15620030040
- Zoning: R1
- Zoning description: Residential
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Multiple Buildings
- Property subtype: Multi Family, Triplex
Materials
- Vinyl Siding
- Foundation: Stone
- Roof: Rubber,Shingle
Condition
- Updated/Remodeled
- New construction: No
- Year built: 1950
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected, Water Connected, Sewer Connected, Natural Gas Connected
Community & neighborhood
Community
- Community features: None
Location
- Region: Scranton
Other
Other facts
- Income includes: Rent Only, Storage
Price history
| Date | Event | Price |
|---|---|---|
| 9/29/2025 | Sold | $358,000-2.6%$119/sqft |
Source:  GSBR as distributed by MLS GRID #SC252045 Report a problem | ||
| 6/7/2025 | Price change | $367,500-2.6%$123/sqft |
Source: Luzerne County AOR #25-1192 Report a problem | ||
| 4/17/2025 | Price change | $377,500-1.9%$126/sqft |
Source: Luzerne County AOR #25-1192 Report a problem | ||
| 3/18/2025 | Listed for sale | $385,000+170.2%$128/sqft |
Source: Luzerne County AOR #25-1192 Report a problem | ||
| 12/11/2023 | Listing removed | -- |
Source: GSBR as distributed by MLS GRID #23-4059 Report a problem | ||
| 10/13/2023 | Price change | $1,400-6.7% |
Source: GSBR as distributed by MLS GRID #23-4059 Report a problem | ||
| 9/19/2023 | Listed for rent | $1,500$1/sqft |
Source: GSBR as distributed by MLS GRID #23-4059 Report a problem | ||
| 9/4/2022 | Listing removed | -- |
Source: Zillow Rental Manager Report a problem | ||
| 8/4/2022 | Listed for rent | $1,500$1/sqft |
Source: Zillow Rental Manager Report a problem | ||
| 2/10/2022 | Sold | $142,500+30.7%$48/sqft |
Source: Public Record Report a problem | ||
| 3/25/2021 | Listing removed | -- |
Source:  Berkshire Hathaway HomeServices Report a problem | ||
| 2/24/2021 | Pending sale | $109,000$36/sqft |
Source: Preferred Properties #20-3230 Report a problem | ||
| 1/18/2021 | Price change | $109,000-8.4%$36/sqft |
Source: Berkshire Hathaway Home Services Preferred Properties #20-3230 Report a problem | ||
| 9/24/2020 | Price change | $119,000-5.6%$40/sqft |
Source: Berkshire Hathaway Home Services Preferred Properties #20-3230 Report a problem | ||
| 8/18/2020 | Listed for sale | $126,000$42/sqft |
Source: Berkshire Hathaway Home Services Preferred Properties #20-3230 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $4,548 +9.3% | $14,000 |
| 2024 | $4,159 | $14,000 |
| 2023 | $4,159 +147.9% | $14,000 |
| 2022 | $1,678 | $14,000 |
| 2021 | $1,678 -56.1% | $14,000 |
| 2020 | $3,821 +1.7% | $14,000 |
| 2018 | $3,756 +225.6% | $14,000 |
| 2017 | $1,154 | $14,000 |
| 2016 | -- | $14,000 |
| 2015 | -- | $14,000 |
| 2014 | $2,777 | $14,000 |
| 2013 | -- | $14,000 |
| 2012 | -- | $14,000 |
| 2011 | -- | $14,000 |
| 2010 | -- | $14,000 |
| 2009 | -- | $14,000 |
| 2008 | -- | $14,000 |
| 2007 | -- | $14,000 |
| 2006 | -- | $14,000 |
| 2005 | -- | $14,000 |
| 2004 | -- | $14,000 |
| 2003 | -- | $14,000 |
| 2002 | -- | $14,000 |
| 2000 | -- | $14,000 |
Find assessor info on the county website
Neighborhood: South Side
Nearby schools
GreatSchools rating
- 6/10John G Whittier #2Grades: K-4Distance: 0.3 mi
- 4/10South Scranton Intermediate SchoolGrades: 5-8Distance: 0.4 mi
- 5/10Scranton High SchoolGrades: 7-12Distance: 1.5 mi
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$372,500
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