428 Railroad Avenue, Scranton, PA 18505
Lackawanna County
Key Facts
Description
Turnkey investment opportunity in Scranton, PA! This 2-unit multifamily property features two, 3-bedroom, 1-bathroom units and is currently generating rental income with one unit occupied. The vacant unit offers immediate flexibility to maximize cash flow from day one.This property has been updated with new flooring, water hearer, and new roof, giving the next owner peace of mind and minimized near-term capital expenditure. Units have separate electric meters, keeping utility costs the responsibility of tenants and protecting your bottom line.Conveniently located in Scranton, with easy access to major employers, universities, downtown amenities, and I-81. Whether you're a seasoned investor or first-time buyer, this property is an ideal addition to any rental portfolio.
Property Information
Property Type
Residential Income
Sub-Type
Multi Family
Structure Type
Multi Family
Year Built
1954
Living Area
1,600 sq ft
Lot Size
0.13 acres
Lot Dimensions
28X201
Zoning
R1
Days on Market
14
MLS® Listing#
SC261842
Property Features
Appliances
Cooling
Heating
Flooring
Basement
Parking
Laundry
Patio
Construction
Foundation
Roof
Windows
Utilities
Sewer
Water Source
Financial Details
Annual Taxes
$3,545
Tax year 2026
Assessed Value
$8,000
Parcel Number
15648010026
Directions
make left or right off Luzerne St. and home is on the right.
Affordability Calculator
$34,000
Estimated monthly payment
$905/mo
Principal $136,000 · Est. interest $189,732 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Scranton, PA
- $264,894
- Median Listing Price
- 60
- Median Days on Market
- 1,956
- Median Sq Ft
- $128
- Median Price / Sq Ft
- 167
- Active Listings
- This home’s price is 36% below the area median.
- Its price per sq ft is 17% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Scranton, PA.
Location
Getting Around
Points of Interest in Scranton, PA
Showing the Scranton area map.
Nearby Schools
South Scranton Intermediate School
Secondary · 0.5 mi away
Frances Willard Elementary
Elementary · 0.5 mi away
West Scranton High School
Secondary · 0.7 mi away
St Stanislaus Elementary School
Elementary · 0.7 mi away
All Saints Academy
School · 0.8 mi away
West Scranton Intermediate School
Secondary · 0.9 mi away
Bishop Hannan High School
Secondary · 0.9 mi away
Wellkind School for Early Learners
Elementary · 0.9 mi away
Freckles & Frills
School · 0.9 mi away
Marian Catholic School
School · 0.9 mi away
Scranton School District
Elementary · 1.0 mi away
Charles Sumner Elementary School
Elementary · 1.0 mi away
John G. Elementary School
Elementary · 1.0 mi away
McNichols Plaza Elementary School
Elementary · 1.1 mi away
Scranton High School
Secondary · 1.1 mi away
Milton Eisner Yeshiva High School
Secondary · 1.2 mi away
Scranton Hebrew Day School
School · 1.2 mi away
Central City
School · 1.3 mi away
Northeast Scranton Intermediate School
Secondary · 1.3 mi away
John F. Kennedy Elementary School
Elementary · 1.4 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 1001 1003 Acker Avenue, Scranton, PA | $160,000 | 6 | 2 | 2,000 |
| 1017 Hamm Court, Scranton, PA | $165,000 | 5 | 2 | 1,650 |
| 938-942 Providence Road, Scranton, PA | $169,995 | 6 | 1 | 3,800 |
| 409 Prospect Avenue, Scranton, PA | $199,000 | 6 | 3 | 2,280 |
| 1830 Pittston Avenue REAR, Scranton, PA | $199,000 | 6 | 2 | 2,320 |
| 401 Putnam Street, Scranton, PA | $200,000 | 5 | 2 | 1,554 |
Moving Cost Estimate
EXIT Agents in Scranton
Listing Courtesy: Berkshire Hathaway Home Services Preferred Properties - 5705851500
Presented by: William Pregmon