Three-Unit Multifamily
For Sale
$289,900
433 Willow Street, Scranton, PA 18505
Residential Income, Scranton, PA
Property Size2,200 SF
Lot Size0.15 Acres
Price / SF$131.77
Days on Market154
Property Features for 433 Willow Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Multi Family
Zoning description
Multi-Family
Bedrooms
5
Bathrooms
3
Full bathrooms
3
Rooms
Basement, Bedroom 2, Bathroom 1, Bathroom 3, Bedroom 4, Bathroom 2, Bedroom 1, Bedroom 3, Bedroom 5
Parking features
On Street
Patio and Porch features
Patio, Porch
Interior features
Eat-in Kitchen
Basement
Unfinished, Full
Appliances
Dishwasher, Refrigerator, Electric Oven
Lot features
Level
Elementary school district
Scranton
Middle school district
Scranton
High school district
Scranton
Directions
From Scranton, follow Pittston Avenue to right on Willow.
Standard status
Active
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
Legal Description
40X162 Li&C Town Plot L 17 B 3 W-11 B-006 L-010 P-021
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Natural Gas
Water source
Public
Building Details
Year built
1940
Floors in Building
2
Number of units
3
Flooring type
Wood, Tile
Building materials
Stucco
Roof type
Shingle
Architectural style
Other
Listing Agency:
ERA One Source Realty · ERA Real Estate
(570) 587-9999
Listed By:
Leah Gianacopoulos · License #RS325414
(570) 947-9250
Added: May 15
Changed: Sep 12
Last Checked: Oct 15 at 2:06AM
MLS# SC262222
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 2,200-square-foot triplex, built in 1940, contains three residential units within a stucco building on a 0.15-acre lot. The property includes wood and tile flooring, an eat-in kitchen, a porch, patio, basement, public water, public sewer, and on-street parking. Appliances include a dishwasher, refrigerator, and electric oven, while heating is provided through natural gas and electric systems.
Two units are leased and one is vacant, creating an existing rental arrangement alongside an available unit. Utilities have been separated by unit, and the property includes two newer water heaters. The site is located near shopping, restaurants, schools, and downtown Scranton at 433 Willow Street, Scranton, PA 18505.
Two units are leased and one is vacant, creating an existing rental arrangement alongside an available unit. Utilities have been separated by unit, and the property includes two newer water heaters. The site is located near shopping, restaurants, schools, and downtown Scranton at 433 Willow Street, Scranton, PA 18505.
Key Highlights
- Three‑unit property with 2,200 square feet of building area
- 0.15‑acre lot in Scranton, PA 18505
- Two units currently rented; one unit vacant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,143
Cap Rate
6.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$362,860
$362.9K
Cap Rate 7%
$259,186
$259.2K
Cap Rate 9%
$201,589
$201.6K
Market Conditions
NOI Build-Up for 2,200 SF
Gross rent
$27.7K $12.60/SF
− Vacancy
−$1.8K −$0.82/SF
EGI
$25.9K $11.78/SF
− OpEx
−$7.8K −$3.53/SF
NOI
$18.1K $8.25/SF
Area
Lackawanna County, PA
Vacancy
6.50%
Lease Rate
$12.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$362,860
Cap Rate 7%
$259,186
Cap Rate 9%
$201,589
Alternative Uses
Best Use
Multifamily LT 5
$259.2K
$226.8K – $302.4K
NOI $18,143 @ 7.0% cap · market cap 6.26%
Second Best
Apartment 5plus
$242.3K
$212.0K – $282.7K
NOI $16,961 @ 7.0% cap · market cap 5.85%
Theoretical Best
Office A
$558.4K
$488.6K – $651.5K
NOI $39,088 @ 7.0% cap · market cap 13.48%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
3
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,362
Businesses Nearby
Explore this area
Business Placement
Demographics for 18505, PA
20,982
Population
9,996
Households
2.1
Avg Household Size
39
Median Age
26%
College-Educated
87%
High-School Grad
8.8 sq mi
ZIP Area
2,384
Density / Sq Mi
$52,599
Median Household Income
$34,155
Median Earnings
$954
Median Rent
$139,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Triplex - Well-maintained income property with separately metered units, updated utilities, and a mix of occupied and vacant space.
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 with 2,200 square feet of building area; 0.15‑acre lot in Scranton, PA 18505; Two units currently rented; one unit vacant
