4-Unit Quadplex with Off-Street
For Sale
$360,000
439 Alder Street, Scranton, PA 18505
Four identical units each offer two bedrooms and gas ranges, with refrigerators included.
Property Size2,900 SF
Days on Market690
Property Features for 439 Alder Street
General Information
Standard status
Active
Size
2,900 SF
Property subtype
Multi Family
Building Details
Building Size
2,900 SF
Year Built
1930
Tenancy
Multi
Listing Agency:
ERA One Source Realty
(570) 561-3868
Listed By:
ROBERT REDGIL · License #RS281384
Source:
Luxehomesnepa
Added: Sep 15, 2024
Changed: Jul 30
Last Checked: Aug 5 at 4:48AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of ERA One Source Realty
Investment Insights
Based on property information with market context.
This 4-unit quadplex features four identical apartments. Each unit includes two bedrooms and bathrooms with walk-in shower(s). Some off-street parking is available for residents, and in-unit appliances are included with refrigerators and gas ranges.
The property was built in 1930. The seller reports providing maintenance services including lawn care, snow removal, and repairs. Current rent is collected from two tenants, with the remaining units not identified in the provided information.
This setup is suited for buyers looking for a small, repeatable residential income configuration, with appliance inclusions and straightforward unit uniformity across all four apartments.
The property was built in 1930. The seller reports providing maintenance services including lawn care, snow removal, and repairs. Current rent is collected from two tenants, with the remaining units not identified in the provided information.
This setup is suited for buyers looking for a small, repeatable residential income configuration, with appliance inclusions and straightforward unit uniformity across all four apartments.
Key Highlights
- Four identical units in a quadplex configuration
- Two bedrooms per unit
- Bathrooms include walk‑in shower(s)
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 |
2,900 SF · lease $12.60/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$341.6K
$298.9K – $398.6K
NOI $23,915 @ 7.0% cap · market cap 6.64%
Second Best
Apartment 5plus
$319.4K
$279.5K – $372.6K
NOI $22,357 @ 7.0% cap · market cap 6.21%
Theoretical Best
Office A
$736.1K
$644.1K – $858.8K
NOI $51,525 @ 7.0% cap · market cap 14.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
289
Businesses Nearby
Explore this area
Business Placement
Demographics for 18505, PA
20,982
Population
9,996
Households
2.1
Avg Household Size
39
Median Age
26%
College-Educated
87%
High-School Grad
8.8 sq mi
ZIP Area
2,384
Density / Sq Mi
$52,599
Median Household Income
$34,155
Median Earnings
$954
Median Rent
$139,800
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Four identical units each offer two bedrooms and gas ranges, with refrigerators included.
Where is this quadplex located?
The property is located at 439 Alder Street Scranton, PA.
What is the asking price?
The asking price for this property is $360,000.
What are key features of this property?
This property features: Four identical units in a quadplex configuration; Two bedrooms per unit; Bathrooms include walk‑in shower(s)
