345 Phelps Street Scranton, PA 18509
MULTI_FAMILY - Scranton, PA
- Added:
- Jul 6, 2026
- Days on Market:
- 7
- Last Refresh:
- Jul 12 at 9:06 pm
Property Features for 345 Phelps Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R1
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bedroom 1, Bedroom 4, Bedroom 2, Bedroom 3, Bathroom 2, Basement, Bathroom 1
- Basement
- Unfinished, Block, Walk-Up Access
- Standard status
- Active
- APN
- 14512050080
- Size
- 1,845 SF
- Lot size
- 0.12 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- 40X140x35x140 Bldg & Land W-07 B-0200 L-013A P-01400
- Tax Annual Amount
- 3965
Building Details
- Year built
- 1920
- Floors in Building
- 2
- Number of units
- 2
Listing agent Manju Verma License #RS375147 (570) 877-2778
Listing office ERA One Source Realty 230 Northern Blvd., Clarks Summit, PA (570) 587-9999
Listing date Jul 6, 2026
Copyright © 2026 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.
Investment Insights
Based on property information with market context.
The home is located in Scranton, Pennsylvania. It is described as being close to major hospitals, universities, and medical buildings, with proximity to Viewmont and Steamtown Malls noted as about a five-minute drive.
For owner-users and investors looking for a manageable residential income setup, the duplex configuration provides two distinct units and tenant responsibility for gas and electric. The separate entrances may appeal to households seeking privacy and a more independent day-to-day routine.
Key Highlights
- Fully rented duplex with separate utilities and separate entrance
- Unit 1 features 2 bedrooms, living room, kitchen, 1 bathroom, and patio
- Unit 2 features 2 bedrooms, living room, kitchen, 1 bathroom, and backyard
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $23.2k | $12.60 |
| − Vacancy | −$1.5k | −$0.82 |
| EGI | $21.7k | $11.78 |
| − OpEx | −$6.5k | −$3.53 |
| NOI | $15.2k | $8.25 |
