335 Phelps Street Scranton, PA 18509
MULTI_FAMILY - Scranton, PA
Property Features for 335 Phelps Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R3
- Bedrooms
- 6
- Bathrooms
- 4
- Rooms
- Bedroom 2, Bathroom 2, Bedroom 5, Bathroom 4, Basement, Bedroom 6, Bedroom 4, Bedroom 3, Bathroom 3, Bedroom 1, Bathroom 1
- Parking
- 3
- Parking features
- On Street, Off Street
- Patio and Porch features
- Deck, Porch
- Interior features
- Eat-in Kitchen, Attic Storage, Granite Counters
- Exterior features
- Rain Gutters
- Fencing
- Chain Link, Fenced
- Basement
- Walk-Out Access
- Appliances
- Gas Oven, Refrigerator
- Standard status
- Pending
- APN
- 14512050077
- Size
- 2,500 SF
- Lot size
- 0.11 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 2717
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas, Forced Air
- Cooling system
- Gas (Cooling), Central Air, Ductless
- Water source
- Public
Building Details
- Year built
- 1930
- Floors in Building
- 2
- Number of units
- 3
- Flooring type
- Vinyl
- Building materials
- Stucco
- Roof type
- Asphalt
- Additional Structures
- Storage
Listing agent Diane Stracham License #RS318034 (570) 241-3982
Listing office ERA One Source Realty 230 Northern Blvd., Clarks Summit, PA (570) 587-9999
Listing date Mar 7, 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.
Investment Insights
Based on property information with market context.
Key Highlights
- Fully renovated 3‑unit apartment building built in 1930
- Each unit includes a brand‑new kitchen and modern bathrooms
- Vinyl flooring throughout and granite counters in the eat‑in kitchen
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 | $31.5k | $12.60 |
| − Vacancy | −$2.0k | −$0.82 |
| EGI | $29.5k | $11.78 |
| − OpEx | −$8.8k | −$3.53 |
| NOI | $20.6k | $8.25 |
