540 Ripple Street, Scranton, PA 18505
MULTI_FAMILY - Other - Scranton, PA
- Added:
- Jun 24, 2026
- Days on Market:
- 4
- Last Refresh:
- Jun 27 at 3:06 am
Property Features for 540 Ripple Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- r1
- Bedrooms
- 5
- Bathrooms
- 2
- Rooms
- Bedroom 5, Bedroom 3, Basement, Bathroom 2, Bedroom 2, Bedroom 4, Bedroom 1, Bathroom 1
- Fencing
- Fenced
- Basement
- Concrete
- Standard status
- Active
- APN
- 16710020061
- Size
- 2,250 SF
- Lot size
- 0.15 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- 40X160 W-20 B-0440 L-0190 P-02200
- Tax Annual Amount
- 4015
Utilities
- Heating system
- Natural Gas
Building Details
- Year built
- 1930
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Carpet, Vinyl, Wood
- Building materials
- Stucco
- Architectural style
- Other
Listing agent JOSEPH a BROGAN (570) 561-5469
Listing office O BOYLE REAL ESTATE LLC 412 South State Street, Clarks Summit, PA (570) 586-2911
Listing date Jun 24, 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.
HighLights
- Home built in 1930 with stucco exterior and a fenced yard
- Currently used as a single 5‑bedroom home, with a layout also set up as a 2‑family configuration
- 2‑family setup noted as a 2‑bedroom unit and a 3‑bedroom unit (verify registration with the city)
- Includes a 2‑car garage and is situated on a corner lot
- Heating is natural gas
- Interior flooring includes wood, carpet, and vinyl
Overview
The property is located in Scranton, Pennsylvania on Ripple Street and sits on a 0.15-acre lot. The listing notes that the seller states the property is registered as a two-family, with the recommendation to verify that information with the city.
For buyers seeking residential income, the existing two-unit configuration may align with owner-occupied or rental scenarios, while the current 5-bedroom use supports single-household occupancy. Showings are limited to weekdays from 4:30 to 7:00 PM and weekends with additional time by request. All information is approximate and not warranted, so prospective buyers should confirm registration details and any intended use with the appropriate local authorities.
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 | $28.4k | $12.60 |
| − Vacancy | −$1.8k | −$0.82 |
| EGI | $26.5k | $11.78 |
| − OpEx | −$8.0k | −$3.53 |
| NOI | $18.6k | $8.25 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Scranton
- County
- Lackawanna
- State
- Pennsylvania
- Longitude
- -75.677332
- Latitude
- 41.386431
