132 S Ridge Street, Taylor, PA 18517
MULTI_FAMILY - Cape Cod - Taylor, PA
- Added:
- Jun 8, 2026
- Days on Market:
- 4
- Last Refresh:
- Jun 11 at 10:06 am
Property Features for 132 S Ridge Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R2
- Bedrooms
- 6
- Bathrooms
- 4
- Rooms
- Bedroom 2, Bedroom 4, Bathroom 4, Basement, Bedroom 5, Bedroom 6, Bathroom 2, Bedroom 3, Bathroom 3, Bedroom 1, Bathroom 1
- Parking features
- Off Street, Alley
- Patio and Porch features
- Porch
- Basement
- Full
- Appliances
- Dryer, Washer, Refrigerator, Electric Oven
- Standard status
- Active
- APN
- 16614070027
- Size
- 2,817 SF
- Lot size
- 0.15 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- 45X90 Dl&W Plot #1 L 176 B 15 W-04 B-016 L-198 P-000
- Tax Annual Amount
- 2892
Utilities
- Sewer type
- Public Sewer
- Heating system
- Steam, Natural Gas
- Cooling system
- Ceiling Fan(s)
- Water source
- Public
Building Details
- Year built
- 1940
- Floors in Building
- 2
- Number of units
- 3
- Flooring type
- Hardwood, Vinyl, Carpet
- Building materials
- Asbestos, Wood Siding
- Architectural style
- Cape Cod
- Additional Structures
- Residence
Listing agent Michelle Viscomi (570) 840-9361
Listing office Iron Valley Real Estate Greater Scranton 201 E. Drinker Street, Dunmore, PA (570) 300-4766
Listing date Jun 8, 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
- Cape Cod 3‑unit property with public utilities: public water and public sewer
- Solid rental income potential with rents currently below market value (per remarks)
- Built in 1940; includes wood siding and asbestos construction materials
- Heating: steam with natural gas; cooling via ceiling fans
- Appliances included: washer, dryer, refrigerator, and electric oven
- Off‑street parking and alley access, plus a porch
Overview
Located at 132 S Ridge Street in Taylor, Pennsylvania, the property is in Lackawanna County and falls within the Riverside School District. The property is listed under zoning R2.
As a three-unit investment or owner-occupant scenario, the property can be considered by buyers looking for rental income potential while retaining the ability to live in one of the units and rent the others. The existing multifamily configuration may appeal to investors seeking a manageable number of units and to residents who want to offset housing costs through on-site rentals. Prospective buyers should review the current rent roll and parcel-level taxes as part of their due diligence, since the listing specifies that lot and tax information covers both parcels.
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 | $35.5k | $12.60 |
| − Vacancy | −$2.3k | −$0.82 |
| EGI | $33.2k | $11.78 |
| − OpEx | −$10.0k | −$3.53 |
| NOI | $23.2k | $8.25 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Taylor
- County
- Lackawanna
- State
- Pennsylvania
- Longitude
- -75.713762
- Latitude
- 41.384234
