304-306 Phelps Street, Scranton, PA 18509
$140,000
Property Type:
Residential Income
Bedrooms:
4
Baths:
2
Lot Size (sq. ft.):
1,307
Status:
Active
Current Price:
$140,000
List Date:
10/05/2026
Last Modified:
10/12/2026
Overview
Description
Listing Details MLS# SC-264976
General Property Information
- Number Of Units Total
- 2
- Bedrooms Total
- 4
- Bathrooms Total
- 2
- Bathrooms Full
- 2
- Above Grade Finished Area
- 1408
- Living Area
- 1408
- Enhanced Accessible
- No
- Year Built
- 1900
- Year Built Source
- Public Records
- New Construction YN
- No
- Lot Size Acres
- 0.03
- Lot Size Dimensions
- 48X31
- Waterfront YN
- No
- Basement YN
- No
- Stories
- 2
- Auction YN
- No
- List Price/SqFt
- 99.43
Property Features
Appliances:
Refrigerator
Architectural Style:
Duplex Up & Down
Community Features:
Curbs; Restaurant; Sidewalks
Construction Materials:
Vinyl Siding
Current Financing:
None
Current Use:
Multi-Family
Door Features:
Storm Door(s)
Existing Lease Type:
Oral
Fencing:
Chain Link
Flooring:
Carpet; Combination; Varies; Vinyl; Wood
Foundation Details:
Stone
Heating:
Natural Gas
Levels:
Two
Listing Terms:
Cash; Conventional
Operating Expense Includes:
Insurance; Utilities; Water/Sewer
Owner Pays:
Common Area Maintenance; Exterior Maintenance; Gas; Hot Water; Insurance; Repairs; Roof Maintenance; Sewer; Taxes
Parking Features:
On Street
Patio And Porch Features:
Deck
Roof:
Asphalt
Sewer:
Public Sewer
Showing Requirements:
24 Hour Notice
Structure Type:
Duplex
Utilities:
Electricity Connected; Natural Gas Connected; Sewer Connected; Water Connected
Water Source:
Public
Contract Information
- Listing Contract Date
- 2026-10-05
- Property Sub Type
- Duplex
- Listing Agreement
- Exclusive Right To Sell
- Owner Name
- Sherman Robert L
Location Tax and Legal
- Street Number
- 304-306
- Street Name
- Phelps
- Street Suffix
- Street
- State
- PA
- Postal Code
- 18509
- County
- Lackawanna
Remarks and Miscellaneous
- Public Remarks
- Perfect fit for investors looking to add value with current rental income flowing. Located at 304 Phelps Street in Scranton, this up-and-down duplex features gas heat and is fully rented with both tenants renting on a month-to-month basis. The upstairs unit rents for 1,080 per month, while the downstairs rents for 1,120 per month, totaling 2,200 in monthly gross rental income, or 26,400 annually at current rents. The downstairs unit is in need of repairs and improvements, and the upstairs could benefit from updating, creating an opportunity to enhance the property over time. Whether you're starting your rental portfolio or expanding it, this duplex offers existing income and renovation potential. NO SHOWINGS UNTIL OPEN HOUSE SATURDAY OCTOBER 10TH 1-3PM All information and measurements are approximate not warranted or guaranteed. Taxes and Zoning to be verified by buyer.
- Inclusions
- 2 fridges, 2 stoves, 1 washer,
- Exclusions
- Tenants personal items
Status Change Information
- Major Change Timestamp
- 2026-10-05T12:11:42Z
- Major Change Type
- New Listing
- Status Change Timestamp
- 2026-10-05
More Information
Income and Expenses
- Annual Total Expense
- 11210
- Cap Rate
- 11
- Electric Expense
- 2103
- Fire Insurance Expense
- 648
- Gross Income
- 26760
- Heat Expense
- 2401
- Insurance Expense
- 358
- Net Operating Income
- 15550
- Total Actual Rent
- 26760
- Trash Expense
- 600
- Water Expense
- 3051
Unit 1
- Unit #
- Yes
- Actual Rent
- 1150
- SqFt Total
- 650
- Rooms Total
- 4
- Dining Room YN
- No
- Kitchen YN
- Yes
- Living Room YN
- Yes
- Occupied YN
- Yes
Unit 2
- Unit #
- 2
- Actual Rent
- 1080
- SqFt Total
- 620
- Rooms Total
- 4
- Dining Room YN
- No
- Kitchen YN
- Yes
- Living Room YN
- Yes
- Occupied YN
- Yes
Meter Information
- Number Of Separate Electric Meters
- 2
- Number Of Separate Gas Meters
- Yes
- Number Of Separate Water Meters
- Yes
Listing Office:
C21 Jack Ruddy Real Estate
Last Updated: October - 12 - 2026
Information deemed reliable but not guaranteed.