331 Phelps Street Scranton, PA ^$ 359,000

331 Phelps Street

^$ 359,000

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331 Phelps Street

Scranton, PA, 18509

^$ 359,000

Bedrooms8 Baths3.0 Sq 4,630

Monthly Estimate*

^$ 2,240

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Multi-Family Home for sale in Scranton, PA

for $359,000 with 8 bedrooms and 3 full baths. This 4,630 square foot home was built in 1940 on a lot size of 0.13.

Investor's dream or perfect owner-occupy opportunity! This 3-unit property features a spacious 3 bedroom, 1 bath unit downstairs and a 2 bedroom 1 bath duplex in the front and a detached single-family home in the rear.Back house and downstairs have beautiful hardwood floors and are roomy with lots of potential. All units are currently occupied by reliable, long-term tenants, providing immediate cash flow. The rear single-family home offers a screened in porch and is 3 beds, 1 bath. Tenants keeps the home nice.Easy access to local amenities, transit, and schools in North Scranton, this property is a solid investment with strong rental history and upside potential.

Multi-Family Pending

Price

^$ 359,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 4,468

Style

Multi Family

Lot Size

0.13

Year Built

1940

Town/City

Scranton

County/Region

Lackawanna

MLS | Web ID

SC254281

Features

General

Living Area 4630

Sewer Public Sewer

Heating Natural Gas

Possession Close Of Escrow

Zoning Multi Family

Garage Spaces 0

Year Built 1940

Stories Count 2

Property Subtype Multi Family

Tax Year 2025

Current Use Investment Single Family Multi-Family

Gross Income 45000

County Lackawanna

Net Operating Income 28143

Insurance Expense 1905

New Construction N

Property Type Residential Income

Full Baths 3

Status Pending

Directions PA 307 to Mulberry Street to left on Wyoming. Right on Phelps. Home on left.

City Scranton

High School District Scranton

Number Of Units Total 3

Tax Annual Amount 4468

Electric Expense 2005

Structure Type Multi Family

Standard Status Pending

Year Built Source Estimated

Tax Assessed Value 11500

TaxOtherAnnualAssessmentAmount 11500

Interior

Basement Partially Finished

Basement (Y/N) Y

Above Grade Finished Area 3580

Half Baths 0

Total Bedrooms 8

Below Grade Finished Area 1050

Total Baths 3

Exterior

Water Source Public

Number of Buildings 2

Lot Dimensions 40X147

Lot Size Acres 0.13

* Excluded Features

List By

Keller Williams Real Estate-Clarks Summit

Broker

rebeccaonufrak@gmail.com

Affordability Calculator

$2,612

Per Month

Monthly Principal & Interest: $2,240
Monthly Property Taxes: $372
Monthly Home Insurance: --

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Interest Rate

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Scranton, PA

Average List Price ^$336,630

Percent of Sale Price 6%

About Scranton, PA

74,523 Population

-2% Since 2002

^$39,001 Median Income

38.39 Median Age

24% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

2391763 Elementary School

2391680 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
8/25/2025	$349,000		Listed Price

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331 Phelps Street, Scranton, PA, 18509 is a Multi-Family Home for sale at $359,000 with 4,630 sqft and a lot size of 0.13. 331 Phelps Street has 8 bedrooms, 3.0 baths, and was built in 1940. The property's zip code is 18509 which is in Scranton, PA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the Multiple Listing Service of The Greater Scranton Board of REALTORS.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Multiple Listing Service of The Greater Scranton Board of REALTORS. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors include the name of the listing brokers.

The information being provided is 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.

Data is updated as of 12/13/2025.

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331 Phelps Street

Multi-Family Home for sale in Scranton, PA

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