315 317 Larch Street, Scranton, PA 18509 (MLS# PW-252745)

315 317 Larch Street, Scranton, PA 18509

$380,000

Property Type: Residential Income Bedrooms: 6 Baths: 4 Square Footage: 2,800 Status: Closed

Current Price: $380,000 List Date: 8/21/2025 Last Modified: 10/09/2025

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.

More Information MLS# PW-252745

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 Living Area: 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 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

Documents

Lead-Based Paint Hazards Disclosure ›

Listing Office: SIX PM LLC

Last Updated: October - 09 - 2025

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