Three-Unit Cape Cod
132 S Ridge Street Taylor, PA 18517
For Sale
$330,000
Pending
MULTI_FAMILY - Cape Cod - Taylor, PA
Property Size2,817 SF
Lot Size0.15 Acres
Days on Market49
Property Features for 132 S Ridge Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R2
- Bedrooms
- 6
- Bathrooms
- 4
- Rooms
- Bathroom 2, Bedroom 2, Basement, Bedroom 5, Bathroom 1, Bedroom 1, Bathroom 4, Bathroom 3, Bedroom 3, Bedroom 6, Bedroom 4
- Parking features
- Alley, Off Street
- Patio and Porch features
- Porch
- Basement
- Full
- Appliances
- Dryer, Washer, Refrigerator, Electric Oven
- Standard status
- Pending
- 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
- Vinyl, Carpet, Hardwood
- Building materials
- Asbestos, Wood Siding
- Architectural style
- Cape Cod
- Additional Structures
- Residence
Listing Agency:
Iron Valley Real Estate Greater Scranton
(570) 300-4766
Listed By:
Michelle Viscomi
(570) 840-9361
Added: Jun 8
Changed: Jul 25
Last Checked: Jul 26 at 5:06PM
MLS# SC262711
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.
This for-sale three-unit multifamily property offers a Cape Cod-style layout configured as separate residences within one building. It is positioned as a residential income property, with the option for a traditional owner-occupant setup given there are multiple units. The listing notes that lot size and tax information apply to both parcels associated with the property.
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.
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.
Key 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
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 |
2,817 SF · lease $12.60/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$331.9K
$290.4K – $387.2K
NOI $23,231 @ 7.0% cap · market cap 7.04%
Second Best
Apartment 5plus
$310.2K
$271.5K – $362.0K
NOI $21,717 @ 7.0% cap · market cap 6.58%
Theoretical Best
Office A
$715.0K
$625.6K – $834.2K
NOI $50,050 @ 7.0% cap · market cap 15.17%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
FAQs
What type of property is this?
Triplex - Three-unit Cape Cod-style multifamily in Taylor’s Riverside School District.
Where is this triplex located?
The property is located at 132 S Ridge Street Taylor, PA.
What is the asking price?
The asking price for this property is $330,000.
What are key features of this property?
This property features: 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
