428 Railroad Avenue, Scranton, PA 18505
- Added:
- Apr 30, 2026
- Days on Market:
- 49
- Last Refresh:
- Jun 17 at 3:06 pm
Property Features for 428 Railroad Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R1
- Bedrooms
- 6
- Bathrooms
- 2
- Rooms
- Basement, Bedroom 1, Bedroom 3, Bedroom 6, Bedroom 5, Bathroom 1, Bathroom 2, Bedroom 4, Bedroom 2
- Parking features
- On Street
- Window features
- Double Pane Windows, Insulated Windows
- Patio and Porch features
- Porch
- Basement
- Dirt Floor
- Appliances
- Free-Standing Gas Oven, Refrigerator, Gas Water Heater
- Standard status
- Pending
- APN
- 15648010026
- Size
- 1,600 SF
- Lot size
- 0.13 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Description
- 28X201 W-06 B-0100 L-009B P-01100
- Tax Annual Amount
- 3545
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air, Natural Gas
- Cooling system
- Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1954
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Vinyl
- Building materials
- Wood Siding
- Roof type
- Shingle
- Architectural style
- Other
Listing agent William Pregmon (570) 209-1941
Listing office Berkshire Hathaway Home Services Preferred Properties 721 S. State St., Clarks Summit, PA (570) 585-1500
Listing date Apr 30, 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
- 2‑unit multifamily in Scranton, PA with two 3‑bedroom, 1‑bathroom units
- One unit currently occupied; the other unit is vacant for immediate flexibility
- Updates include new flooring, a new water heater, and a new roof
- Separate electric meters for each unit, with tenant responsibility for electric utilities
- Forced‑air natural gas heating with window A/C units
- Public water and public sewer; on‑street parking; wood siding with a shingle roof
Overview
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 | $20.2k | $12.60 |
| − Vacancy | −$1.3k | −$0.82 |
| EGI | $18.8k | $11.78 |
| − OpEx | −$5.7k | −$3.53 |
| NOI | $13.2k | $8.25 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Scranton
- County
- Lackawanna
- State
- Pennsylvania
- Longitude
- -75.676459
- Latitude
- 41.403451
