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428 Railroad Avenue, Scranton, PA 18505

$165,000
Property Type: Residential Income Bedrooms: 6 Baths: 2 Lot Size (sq. ft.): 5,663 Status: Active
Current Price: $165,000 List Date: 8/10/2026 Last Modified: 9/02/2026

Overview

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.

Listing Details MLS# SC-261842

General Property Information

Number Of Units Total
2
Bedrooms Total
6
Bathrooms Total
2
Bathrooms Full
2
Above Grade Finished Area
1600
Living Area
1600
Enhanced Accessible
No
Year Built
1954
Year Built Source
Public Records
New Construction YN
No
Garage YN
No
Lot Size Acres
0.13
Lot Size Dimensions
28X201
Waterfront YN
No
Basement YN
Yes
Stories
2
Auction YN
No
List Price/SqFt
103.13

Property Features

Appliances: Free-Standing Gas Oven; Gas Water Heater; Refrigerator Architectural Style: Duplex Up & Down Basement: Dirt Floor Construction Materials: Wood Siding Cooling: Window Unit(s) Current Use: Multi-Family Electric: 200+ Amp Service; Circuit Breakers Flooring: Vinyl; Other Foundation Details: Block Heating: Forced Air; Natural Gas Laundry Features: Washer Hookup Levels: Two Listing Terms: Cash; Conventional Owner Pays: Gas; Sewer; Water Parking Features: On Street Patio And Porch Features: Front Porch; Rear Porch Roof: Shingle Sewer: Public Sewer Showing Requirements: Showing Service Structure Type: Multi Family Tenant Pays: Electricity Utilities: Cable Connected; Electricity Connected; Natural Gas Connected; Sewer Connected; Water Connected Water Source: Public Window Features: Double Pane Windows; Insulated Windows

Contract Information

Listing Contract Date
2026-04-30
Property Sub Type
Multi Family
Listing Agreement
Exclusive Right To Sell
Owner Name
Holmes Ronald

Location Tax and Legal

Street Number
428
Street Name
Railroad
Street Suffix
Avenue
State
PA
Postal Code
18505
County
Lackawanna

Remarks and Miscellaneous

Public Remarks
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.

Status Change Information

Major Change Timestamp
2026-09-02T18:16:57Z
Major Change Type
Price Reduced
Price Change Timestamp
2026-09-02T18:16:57Z
Status Change Timestamp
2026-08-24
Back on Market Date
2026-08-10

More Information

Unit 1

Unit #
Yes
Actual Rent
1000
SqFt Total
800
Dining Room YN
No
Kitchen YN
Yes
Occupied YN
Yes
Unit Remarks
month to month lease

Unit 2

Unit #
2
SqFt Total
800
Dining Room YN
No
Kitchen YN
Yes
Occupied YN
No
Listing Office: Berkshire Hathaway Home Services Preferred Properties
Last Updated: September - 02 - 2026
Information deemed reliable but not guaranteed.
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