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South Scranton Triplex Investment Opportunity

433 Willow Street Scranton, PA 18505

Claim this Listing
Pending
$289,900

MULTI_FAMILY - Other - Scranton, PA

Property size:
2,200 SF
Lot size:
0.15 Acres
Added:
May 15, 2026
Days on Market:
59
Last Refresh:
Jul 12 at 10:06 pm

Property Features for 433 Willow Street

General Information

Property type
Residential Multi Family
Property subtype
Other
Zoning
Multi Family
Bedrooms
5
Bathrooms
3
Rooms
Bedroom 2, Bathroom 2, Bedroom 5, Basement, Bedroom 4, Bedroom 3, Bathroom 3, Bedroom 1, Bathroom 1
Parking features
On Street
Patio and Porch features
Porch, Patio
Interior features
Eat-in Kitchen
Basement
Unfinished, Full
Appliances
Dishwasher, Refrigerator, Electric Oven
Standard status
Pending
APN
15615030032
Size
2,200 SF
Lot size
0.15 Acres

Taxes and HOA fees

Tax Year
2025
Tax Description
40X162 Li&C Town Plot L 17 B 3 W-11 B-006 L-010 P-021
Tax Annual Amount
5152

Utilities

Sewer type
Public Sewer
Heating system
Natural Gas, Electric (Heating)
Water source
Public

Building Details

Year built
1940
Floors in Building
2
Number of units
3
Flooring type
Tile, Wood
Building materials
Stucco
Roof type
Shingle
Architectural style
Other

Listing agent Leah Gianacopoulos License #RS325414

Listing office ERA One Source Realty 230 Northern Blvd., Clarks Summit, PA

Listing date May 15, 2026

MLS# SC262222 Listing URL

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 well-maintained three-unit property is located in the heart of South Scranton. It presents an investment opportunity for investors or owner-occupants. The property features updated utilities throughout, including two newer water heaters. All utilities have been updated and separated, offering convenience and efficiency with separate utilities for each unit. Two units are currently rented, providing immediate income. One vacant unit offers the perfect opportunity for an owner-occupant or additional rental income. The property is conveniently located close to shopping, restaurants, schools, and downtown Scranton. The lot size is 0.15 acres and the property size is 2200 square feet. The zoning is Multi Family.

Key Highlights

  • Three‑unit property built in 1940 in South Scranton with two currently rented units and one vacant unit
  • Utilities are updated and separated for each unit
  • Two newer water heaters included

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 $27.7k $12.60
− Vacancy −$1.8k −$0.82
EGI $25.9k $11.78
− OpEx −$7.8k −$3.53
NOI $18.1k $8.25
2,200 SF · lease $12.60/SF/yr · vacancy 6.50% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$259.2K
$226.8K – $302.4K (±1% cap)
NOI $18,143 @ 7.0% cap · market cap 6.26%
Second Best
Apartment 5plus
$242.3K
$212.0K – $282.7K (±1% cap)
NOI $16,961 @ 7.0% cap · market cap 5.85%
Theoretical Best
Office A
$558.4K
$488.6K – $651.5K (±1% cap)
NOI $39,088 @ 7.0% cap · market cap 13.48%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Triplexes

Suggested Use

Garden Center Carpet & Flooring Store Locksmith Pet Grooming Service Home Appliance Store Nursing Home Restaurant Butcher (Bike/Boat/Book/etc) Store Real Estate Agency

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Triplex - Well-maintained three-unit property in South Scranton with updated utilities.
Where is this triplex located?
The property is located at 433 Willow Street Scranton, PA.
What is the asking price?
The asking price for this property is $289,900.
What are key features of this property?
This property features: Three‑unit property built in 1940 in South Scranton with two currently rented units and one vacant unit; Utilities are updated and separated for each unit; Two newer water heaters included
Contact an agent
More about this property
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