Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    South Scranton Triplex Investment Opportunity Title is generated by Realmo AI

    433 Willow Street, Scranton, PA 18505

    View on Map
    Claim this Listing
    New
    For Sale
    $289,900

    MULTI_FAMILY - Other - Scranton, PA

    Property size:
    2,200 SF
    Lot size:
    0.15 Acres
    Price / SF:
    $131/SF
    Added:
    May 15, 2026
    Days on Market:
    1
    Last Refresh:
    May 15 at 5:06 pm

    Property Features for 433 Willow Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    Multi Family
    Bedrooms
    5
    Bathrooms
    3
    Rooms
    Bathroom 1, Bathroom 2, Bedroom 2, Basement, Bedroom 4, Bedroom 3, Bedroom 5, Bedroom 1, Bathroom 3
    Parking features
    On Street
    Patio and Porch features
    Porch, Patio
    Interior features
    Eat-in Kitchen
    Basement
    Unfinished, Full
    Appliances
    Dishwasher, Refrigerator, Electric Oven
    Standard status
    Active
    APN
    15615030032
    Size
    2,200 SF
    Lot size
    0.15 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    40X162 Li&C Town Plot L 17 B 3 W-11 B-006 L-010 P-021
    Tax Annual Amount
    5152

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas, Electric (Heating)
    Water source
    Public

    Building Details

    Year built
    1940
    Floors in Building
    2
    Number of units
    3
    Flooring type
    Wood, Tile
    Building materials
    Stucco
    Roof type
    Shingle
    Architectural style
    Other

    We can help!

    Listing Contact
    Leah Gianacopoulos
    Leah Gianacopoulos

    Listing agent Leah Gianacopoulos License #RS325414

    Listing office ERA One Source Realty 230 Northern Blvd., Clarks Summit, PA

    Listing date May 15, 2026

    MLS# SC262222 Listing URL

    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.

    HighLights

    • Separated Utilities: Each unit has its own utilities.
    • Immediate Income Potential: Two units are currently rented, providing immediate income.
    • Owner‑Occupant Opportunity: One vacant unit allows for owner‑occupancy.
    • Updated Utilities: Includes two newer water heaters and updated utilities throughout the property.
    • Prime Location: Conveniently located near shopping, restaurants, schools, and downtown Scranton.
    • Well‑Maintained: The property has been well cared for over the years.

    Overview

    This well-maintained three-unit property is located in the heart of South Scranton. It presents an investment opportunity for investors or owner-occupants. The property features updated utilities throughout, including two newer water heaters. All utilities have been updated and separated, offering convenience and efficiency with separate utilities for each unit. Two units are currently rented, providing immediate income. One vacant unit offers the perfect opportunity for an owner-occupant or additional rental income. The property is conveniently located close to shopping, restaurants, schools, and downtown Scranton. The lot size is 0.15 acres and the property size is 2200 square feet. The zoning is Multi Family.

    Financial Insights

    Value Estimation Calculated for Multifamily LT 5

    Conservative
    $201.6K
    NOI $18,143 @ 9.00% cap · cautious / downside scenario
    Moderate
    $259.2K
    NOI $18,143 @ 7.00% cap · market / base-case scenario
    Aggressive
    $362.9K
    NOI $18,143 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    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.
         Calculated for Multifamily LT 5

    Component $ $/SF
    Gross rent $27.7k $12.60
    − Vacancy −$1.8k −$0.82
    EGI $25.9k $11.78
    − OpEx −$7.8k −$3.53
    NOI $18.1k $8.25
    2,200 SF · lease $12.60/SF/yr · vacancy 6.50% · expense 30.00%

    Alternative Use Scenarios

    Best Use
    Multifamily LT 5
    $259.2K
    $226.8K – $302.4K (±1% cap)
    NOI $18,143 @ 7.0% cap · market cap 6.26%
    Second Best
    Apartment 5plus
    $242.3K
    $212.0K – $282.7K (±1% cap)
    NOI $16,961 @ 7.0% cap · market cap 5.85%
    Theoretical Best
    Office A
    $558.4K
    $488.6K – $651.5K (±1% cap)
    NOI $39,088 @ 7.0% cap · market cap 13.48%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Scranton
    County
    Lackawanna
    State
    Pennsylvania
    Longitude
    -75.666478
    Latitude
    41.399072

    Nearby Similar for Sale

    • $650,000
      3,900 SF

      Scranton Commercial Building with Garage

      Meticulously maintained 6-bay garage with office and retail space.
      18 Electric Street, Scranton, PA 18509
      View Details
    • $549,000
      3,000 SF

      Medical Office at High-Traffic Corner

      3,000 SF medical office building with high visibility.
      397 N 9th Avenue, Scranton, PA 18504
      View Details
    • $389,000
      3,288 SF

      Prime Commercial Space in Scranton

      Highway Commercial District property with built-in income potential.
      381 N 9th Avenue, Scranton, PA 18504
      View Details
    • $449,900
      7,000 SF

      Prime Scranton Development Opportunity

      Two-story mixed-use building in downtown Scranton near Lackawanna College.
      515 Wyoming Ave, Scranton, PA 18509
      View Details
    • $675,000
      7,348 SF

      Scranton Multifamily Investment Opportunity

      Eight-unit multifamily property in Scranton, offering strong income potential.
      1607 Sanderson Avenue, Scranton, PA 18509
      View Details
    • $470,000
      3,719 SF

      Four Units Plus Garage Scranton

      Four units and a garage on the same lot.
      1142 Academy Street, Scranton, PA 18504
      View Details
    • $599,900
      3,724 SF

      Scranton Duplex Near University

      Fully rented 14-bedroom duplex near the University of Scranton.
      430-432 Taylor Avenue, Scranton, PA 18510
      View Details
    • $345,000
      3,669 SF

      Scranton Multi-Family Conversion Opportunity

      High-visibility building ready for conversion into a 4-unit multi-family.
      1248-1252 Providence Road, Scranton, PA 18508
      View Details
    • $345,000
      3,669 SF

      Scranton Multifamily Conversion Opportunity

      High-visibility building ready for conversion into a 4-unit multifamily.
      1248-1252 Providence Road, Scranton, PA 18508
      View Details
    • $625,000
      2,900 SF

      Turnkey Restaurant with Rental Income

      Established pizza restaurant with rental income in Scranton, PA.
      530 532 Pittston Avenue, Scranton, PA 18505
      View Details
    • $425,000
      3,820 SF

      Scranton Investment Property Package

      Well-maintained multi-family and single-family homes in desirable location.
      1522-1524 1508 Elizabeth Street, Scranton, PA 18504
      View Details
    • $799,900
      5,685 SF

      Mixed-Use Property in Downtown Scranton

      Six-unit mixed-use property with storefronts and residential units.
      525 527 Cedar Avenue, Scranton, PA 18505
      View Details

    FAQs

    What type of property is this?
    Triplex - Well-maintained three-unit property in South Scranton with updated utilities.
    Where is this triplex located?
    The property is located at 433 Willow Street Scranton, PA.
    What is the asking price?
    The asking price for this property is $289,900.
    What are key features of this property?
    This property features: Separated Utilities: Each unit has its own utilities.; Immediate Income Potential: Two units are currently rented, providing immediate income.; Owner‑Occupant Opportunity: One vacant unit allows for owner‑occupancy.
    (570) 947-9250
    We can help!
    Listing Contact
    Leah Gianacopoulos
    Leah Gianacopoulos
    Real Estate License ID: RS325414
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    433 Willow Street, Scranton, PA 18505
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!