1413 1415 Lafayette Street, Scranton, PA 18504

$499,000
Property Type: Residential Income Bedrooms: 13 Baths: 4 Square Footage: 5,400 Status: Active
Current Price: $499,000 List Date: 12/03/2025 Last Modified: 1/21/2026

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!

More Information MLS# PW-252747

Contract Information

Listing Service: Full Service Current Price: $499,000 List Price: $499,000 Status: Active 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: 1259.72 Municipal Tax Amount: 547.11 School Tax Amount: 2069.89 Tax Annual Amount: 4773.83 Tax Assessed Value: 14000 Parcel Number: 14514020033 Zoning: Residential Tax Book Number: 202200405

General Property Information

Number Of Buildings: 1 Number Of Units Total: 4 Bathrooms Half: 0 Above Grade Finished Area: 5400 Below Grade Finished Area: 2184 Lot Size Acres: 0.22 Lot Size Dimensions: 60’ x 161’ x 60’ x 161’ Association YN: No Year Built Source: Public Records New Construction YN: No Garage YN: No Garage Spaces: 0 Waterfront YN: No Water Body Name: None Stories: 3 List Price/SqFt: 92.41 Bedrooms Total: 13 Bathrooms Total: 4 Bathrooms Full: 4 Living Area: 5400 Year Built: 1935

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!

Appliances

Dryer: 1 Oven: 1 Refrigerator: 1 Washer: 1 Other: 1

Basement

Full: 1 Unfinished: 1

Cooling

Ceiling Fan(s): 1

Flooring

Carpet: 1 Hardwood: 1 Luxury Vinyl: 1

Heating

Natural Gas: 1 Steam: 1

Laundry Features

In Basement: 1

Levels

Three Or More: 1

Parking Features

Driveway: 1 Off Street: 1 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: 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

Owner Pays

Gas: 1 Insurance: 1 Sewer: 1 Taxes: 1 Water: 1

Tenant Pays

Electricity: 1

Income Includes

Rent Only: 1

Location Tax and Legal

Street Number: 1413 Street Name: 1415 Lafayette Street Suffix: Street County: Lackawanna State: PA Postal Code: 18504 Subdivision Name: None

Status Change Information

Major Change Timestamp: 2026-01-21T20:28:04Z Major Change Type: Price Reduced Price Change Timestamp: 2026-01-21T20:28:04Z

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
Listing Office: SIX PM LLC
Last Updated: January - 21 - 2026
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