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    331 Phelps St Scranton, PA 18509

    New
    Pending
    For Sale
    $359,000

    MULTI_FAMILY - Scranton, PA

    Property size:
    4,630 SF
    Lot size:
    0.13 Acres
    Days on Market:
    3
    Last Refresh:
    Dec 5 at 1:06 am

    Property Features for 331 Phelps St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Pending
    Zoning
    Multi Family
    Rooms
    Bedroom 3, Bedroom 6, Bedroom 8, Bathroom 3, Bedroom 1, Basement, Bathroom 1, Bedroom 5, Bathroom 2, Bedroom 7, Bedroom 4, Bedroom 2
    Bedrooms
    8
    Bathrooms
    3
    APN
    14512050076
    Basement
    Partially Finished
    Size
    4,630 SF
    Lot size
    0.13 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas
    Water source
    Public

    Building Details

    Year built
    1940
    Floors in Building
    2
    Number of units
    3

    Scranton Wilkes Barre Regional Realty dba Keller Williams Real Estate (570) 585-5800 [email protected]

    Listing agent Rebecca Onufrak (570) 585-5800

    Listing date Dec 3, 2025

    MLS# SC254281 Listing URL

    Copyright © 2025 Greater Scranton Board of Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Scranton Multifamily Investment Opportunity

    This multi-unit property in Scranton, Pennsylvania, presents an investment opportunity or owner-occupancy potential. The property includes a spacious 3-bedroom, 1-bath unit downstairs, a 2-bedroom, 1-bath duplex in the front, and a detached single-family home at the rear. The back house and downstairs unit feature hardwood floors and offer considerable space. All units are currently occupied by long-term tenants, providing immediate cash flow. The rear single-family home includes a screened-in porch and contains 3 bedrooms and 1 bath. Located in North Scranton, the property offers convenient access to local amenities, transit options, and schools. The property, situated on a 0.13-acre lot, totals 4,630 square feet and is zoned for multi-family use. The property has a strong rental history and upside potential.
    Property Profile Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Scranton
    County
    Lackawanna
    State
    Pennsylvania
    Longitude
    -75.656628
    Latitude
    41.418229

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    FAQs

    What type of property is this?
    Triplex - Three units with reliable tenants and immediate cash flow potential.
    Where is this triplex located?
    The property is located at 331 Phelps St Scranton, PA.
    What is the asking price?
    The asking price for this property is $359,000.
    What are key features of this property?
    This property features: - Immediate cash flow from reliable, long-term tenants in all 3 units.; - 3-unit property: a 3 bed, 1 bath unit, a 2 bed, 1 bath duplex, and a detached 3 bed, 1 bath single-family home.; - Strong rental history and upside potential as an investment property.
    (570) 585-5800
    Request Owner's contact information
    331 Phelps St Scranton, PA 18509
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    Scranton, PA 18509
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    331 Phelps St Scranton, PA 18509
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