4-Unit
For Sale
$360,000
439 Alder Street, Scranton, PA 18505
Residential Income, Scranton, PA
Property Size2,900 SF
Lot Size0.06 Acres
Price / SF$124.14
Days on Market761
Property Features for 439 Alder Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
RT006
Zoning description
Multi-Family
Bedrooms
8
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 4, Bedroom 6, Basement, Bathroom 1, Bedroom 3, Bathroom 2, Bedroom 1, Bedroom 4, Bedroom 2, Bedroom 5, Bedroom 8, Bedroom 7, Bathroom 3
Parking features
On Street
Patio and Porch features
Porch
Interior features
Eat-in Kitchen
Basement
Walk-Out Access, Unfinished
Appliances
Gas Range, Refrigerator
Lot features
City Lot
Elementary school district
Scranton
Middle school district
Scranton
High school district
Scranton
Directions
From central city take Cedar Avenue and turn left on Alder. No sign
Standard status
Active
APN
15616020014
Size
2,900 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
55X50 Li&C Town Plot Ptl 28 B 2 W-11 B-003 L-008B P-013
Tax Annual Amount
5085
Legal Description
55X50 Li&C Town Plot Ptl 28 B 2 W-11 B-003 L-008B P-013
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Water source
Public
Building Details
Year built
1930
Floors in Building
2
Number of units
4
Flooring type
Tile - Ceramic, Carpet
Building materials
Vinyl Siding
Roof type
Asphalt
Listing Agency:
ERA One Source Realty · ERA Real Estate
(570) 587-9999
Listed By:
ROBERT REDGIL · License #RS281384
(570) 561-3868
Added: Sep 15, 2024
Changed: Oct 12
Last Checked: Oct 15 at 1:06AM
MLS# SC4839
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 2,900-square-foot quadplex contains four matching residences, each with two bedrooms and a bathroom featuring a walk-in shower. Eat-in kitchens are equipped with gas ranges and refrigerators. The property also has a porch, ceramic tile and carpet flooring, vinyl siding, and natural gas heating.
Built in 1930, the building sits on a 0.06-acre lot in Scranton, Pennsylvania. It is served by public water and public sewer and is zoned RT006.
Built in 1930, the building sits on a 0.06-acre lot in Scranton, Pennsylvania. It is served by public water and public sewer and is zoned RT006.
Key Highlights
- Four matching units, each with two bedrooms and a walk‑in shower
- 2,900 square feet of building area
- 0.06‑acre lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,915
Cap Rate
6.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$478,300
$478.3K
Cap Rate 7%
$341,643
$341.6K
Cap Rate 9%
$265,722
$265.7K
Market Conditions
NOI Build-Up for 2,900 SF
Gross rent
$36.5K $12.60/SF
− Vacancy
−$2.4K −$0.82/SF
EGI
$34.2K $11.78/SF
− OpEx
−$10.2K −$3.53/SF
NOI
$23.9K $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%
$478,300
Cap Rate 7%
$341,643
Cap Rate 9%
$265,722
Alternative Uses
Best Use
Multifamily LT 5
$341.6K
$298.9K – $398.6K
NOI $23,915 @ 7.0% cap · market cap 6.64%
Second Best
Apartment 5plus
$319.4K
$279.5K – $372.6K
NOI $22,357 @ 7.0% cap · market cap 6.21%
Theoretical Best
Office A
$736.1K
$644.1K – $858.8K
NOI $51,525 @ 7.0% cap · market cap 14.31%
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
4
Residential units
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
Check the figures for this property
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?
Quadplex - Each residence has two bedrooms, a walk-in shower, and an eat-in kitchen.
Where is this quadplex located?
The property is located at 439 Alder Street Scranton, PA.
What is the asking price?
The asking price for this property is $360,000.
What are key features of this property?
This property features: Four matching units, each with two bedrooms and a walk‑in shower; 2,900 square feet of building area; 0.06‑acre lot
