439 Alder Street Scranton, PA 18505
MULTI_FAMILY - Scranton, PA
- Added:
- Sep 15, 2024
- Days on Market:
- 666
- Last Refresh:
- Jul 12 at 9:06 pm
Property Features for 439 Alder Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- RT006
- Bedrooms
- 8
- Bathrooms
- 4
- Rooms
- Bedroom 1, Bedroom 3, Bedroom 4, Bedroom 8, Basement, Bathroom 2, Bathroom 3, Bedroom 2, Bedroom 7, Bathroom 1, Bathroom 4, Bedroom 6, Bedroom 5
- Parking features
- On Street
- Patio and Porch features
- Porch
- Interior features
- Eat-in Kitchen
- Basement
- Walk-Out Access, Unfinished
- Appliances
- Gas Range, Refrigerator
- Standard status
- Active
- APN
- 15616020014
- Size
- 2,900 SF
- Lot size
- 0.06 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 3051
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas
- Water source
- Public
Building Details
- Year built
- 1930
- Floors in Building
- 2
- Number of units
- 4
- Flooring type
- Carpet, Tile - Ceramic
- Building materials
- Vinyl Siding
- Roof type
- Asphalt
Listing agent ROBERT REDGIL License #RS281384 (570) 561-3868
Listing office ERA One Source Realty 230 Northern Blvd., Clarks Summit, PA (570) 587-9999
Listing date Sep 15, 2024
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.
Key Highlights
- 4‑unit property in South Scranton; all 4 units are identical with 2 bedrooms each
- Each unit includes bathrooms with walk‑in showers
- Gas range and refrigerator included in the units
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 | $36.5k | $12.60 |
| − Vacancy | −$2.4k | −$0.82 |
| EGI | $34.2k | $11.78 |
| − OpEx | −$10.2k | −$3.53 |
| NOI | $23.9k | $8.25 |
