315 317 Larch Street, Scranton, PA 18509

$380,000
Property Type: Residential Income Bedrooms: 6 Baths: 4 Square Footage: 2,800 Status: Closed
Current Price: $380,000 List Date: 8/21/2025 Last Modified: 10/09/2025

Overview

Description

Fantastic Quadplex Investment Opportunity in Scranton Welcome to 315-317 Larch Street, a well-maintained quadplex offering strong rental income and long-term stability. This property features two spacious one-bedroom units and two comfortable two-bedroom units, with three of the four currently occupied by excellent tenants. Recent updates throughout the building ensure each unit is in excellent shape and appealing to renters. Tenants are responsible for their own electric and heat, while the owner covers sewer, water, taxes, and insurance, making this an efficient and manageable investment. The property also boasts a large backyard for tenant enjoyment and plenty of on-street parking for convenience. With a total yearly gross income of $50,400 when fully occupied and a solid current tenant base, this property is a true turnkey opportunity for both new and seasoned investors. Don't miss the chance to add this income-producing asset to your portfolio.

Listing Details MLS# PW-252745

General Property Information

Number Of Buildings
Yes
Number Of Units Total
4
Bedrooms Total
6
Bathrooms Total
4
Bathrooms Full
4
Above Grade Finished Area
2800
Living Area
2800
Year Built
1930
Year Built Source
Public Records
New Construction YN
No
Lot Size Acres
0.12
Lot Size Dimensions
60’ x 90’ x 60’ x 90’
Association YN
No
Waterfront YN
No
Water Body Name
None
Stories
2
List Price/SqFt
142.5
Sold Price/SqFt
135.71
Bathrooms Half
0
Below Grade Finished Area
0
Garage Spaces
0

Property Features

Appliances: Oven; Refrigerator Cooling: Ceiling Fan(s) Heating: Baseboard; Electric Income Includes: Rent Only Laundry Features: In Unit Levels: Two Owner Pays: Insurance; Sewer; Taxes; Water Parking Features: On Street Patio And Porch Features: Front Porch Property Condition: Updated/Remodeled Road Responsibility: Public Maintained Road Sewer: Public Sewer Structure Type: Multi Family; Quadruplex Tenant Pays: Electricity Water Source: Public

Contract Information

Listing Contract Date
2025-08-20
Property Sub Type
Multi Family
Listing Service
Full Service

Location Tax and Legal

Street Number
315
Street Name
317 Larch
Street Suffix
Street
County
Lackawanna
State
PA
Postal Code
18509
Subdivision Name
None

Remarks and Miscellaneous

Public Remarks
Fantastic Quadplex Investment Opportunity in Scranton Welcome to 315-317 Larch Street, a well-maintained quadplex offering strong rental income and long-term stability. This property features two spacious one-bedroom units and two comfortable two-bedroom units, with three of the four currently occupied by excellent tenants. Recent updates throughout the building ensure each unit is in excellent shape and appealing to renters. Tenants are responsible for their own electric and heat, while the owner covers sewer, water, taxes, and insurance, making this an efficient and manageable investment. The property also boasts a large backyard for tenant enjoyment and plenty of on-street parking for convenience. With a total yearly gross income of $50,400 when fully occupied and a solid current tenant base, this property is a true turnkey opportunity for both new and seasoned investors. Don't miss the chance to add this income-producing asset to your portfolio.

Status Change Information

Major Change Timestamp
2025-10-09T21:41:10Z
Major Change Type
Status Change
Purchase Contract Date
2025-08-30
Close Date
2025-10-09
Close Price
380000
Concessions
Yes
Buyer Financing
VA
Concessions Amount
10000

More Information

Unit 1

Unit #
Yes
SqFt Total
700
Dining Room YN
Yes
Kitchen YN
Yes
Living Room YN
Yes
Unit Remarks
VACANT
Actual Rent
0
Security Deposit $
0

Unit 2

Unit #
2
Actual Rent
1000
Security Deposit $
1000
SqFt Total
700
Dining Room YN
No
Kitchen YN
Yes
Living Room YN
Yes
Occupied YN
Yes

Unit 3

Unit #
3
Actual Rent
1100
Security Deposit $
1100
SqFt Total
700
Dining Room YN
No
Kitchen YN
Yes
Living Room YN
Yes
Occupied YN
Yes

Unit 4

Unit #
4
Actual Rent
1100
Security Deposit $
100
SqFt Total
700
Dining Room YN
No
Kitchen YN
Yes
Living Room YN
Yes
Occupied YN
Yes

Unit Details

1 Bedroom
2
2 Bedroom
2

Location, Tax, and Legal

Municipality
City Of Scranton
High School District
Scranton School District
County Tax Amount
1034.78
Municipal Tax Amount
405.07
School Tax Amount
1700.26
Tax Annual Amount
4087.06
Tax Assessed Value
11500
Parcel Number
14605070043
Zoning
Residential
Tax Book Number
202223522

Appliances

Oven
Yes
Refrigerator
Yes

Cooling

Ceiling Fan(s)
Yes

Heating

Baseboard
Yes
Electric
Yes

Laundry Features

In Unit
Yes

Levels

Two
Yes

Parking Features

On Street
Yes

Patio And Porch Features

Front Porch
Yes

Property Condition

Updated/Remodeled
Yes

Road Responsibility

Public Maintained Road
Yes

Sewer

Public Sewer
Yes

Structure Type

Multi Family
Yes
Quadruplex
Yes

Water Source

Public
Yes

Owner Pays

Insurance
Yes
Sewer
Yes
Taxes
Yes
Water
Yes

Tenant Pays

Electricity
Yes

Income Includes

Rent Only
Yes

Documents

Listing Office: SIX PM LLC
Last Updated: October - 09 - 2025
Information displayed on this website on listings other than those of the website owner is displayed with permission of the Pike Wayne Association of REALTORS and Broker/Participants of the Pike Wayne MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is from sources deemed reliable but is not guaranteed. Prospective buyers should verify information independently.
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