1509-1511 E Gibson Street, Scranton, PA 18510 (MLS# SC-250417)
1509-1511 E Gibson Street, Scranton, PA 18510
New Listing
$359,500
Property Type:
Residential Income
Bedrooms:
8
Baths:
4
Lot Size (sq. ft.):
6,534
Status:
Active
Current Price:
$359,500
List Date:
1/31/2025
Last Modified:
1/31/2025
Description
Investor alert! This 4-unit property in Scranton's desirable Hill Section is a fantastic value-add opportunity. Two units are currently occupied, providing immediate income, while the other two are vacant and ready for your vision—moderate renovations will unlock their full potential. Tenants cover gas and electric, while the owner pays water, sewer, and trash. The property features small yet comfortable yard spaces, perfect for tenants to enjoy. With plenty of room to increase cash flow, this is an ideal investment for a savvy buyer or an owner-occupant looking to house-hack. Don't miss out—schedule your showing today!
More Information MLS# SC-250417
Contract Information
Current Price: $359,500
List Price: $359,500
Status: Active
Listing Contract Date: 2025-01-30
Property Sub Type: Multi Family
Listing Agreement: Exclusive Right To Sell
Owner Name: John R Colan III
Location Tax and Legal
Street Number: 1509-1511
Street Direction Prefix: E
Street Name: Gibson
Street Suffix: Street
State: PA
Postal Code: 18510
County: Lackawanna
General Property Information
Number Of Buildings: 1
Number Of Units Total: 4
Bedrooms Total: 8
Bathrooms Total: 4
Bathrooms Full: 4
Above Grade Finished Area: 2500
Living Area: 2500
Enhanced Accessible: No
Year Built: 1940
Year Built Source: Estimated
New Construction YN: No
Garage YN: No
Lot Size Acres: 0.15
Lot Size Dimensions: 40X90
Waterfront YN: No
Basement YN: Yes
Stories: 2
Auction YN: No
List Price/SqFt: 143.8
Remarks and Miscellaneous
Public Remarks: Investor alert! This 4-unit property in Scranton's desirable Hill Section is a fantastic value-add opportunity. Two units are currently occupied, providing immediate income, while the other two are vacant and ready for your vision—moderate renovations will unlock their full potential. Tenants cover gas and electric, while the owner pays water, sewer, and trash. The property features small yet comfortable yard spaces, perfect for tenants to enjoy. With plenty of room to increase cash flow, this is an ideal investment for a savvy buyer or an owner-occupant looking to house-hack. Don't miss out—schedule your showing today!
Status Change Information
Major Change Timestamp: 2025-01-31T07:52:07Z
Major Change Type: New Listing
Status Change Timestamp: 2025-01-31
Unit 1
Unit #: 1509 - Left
Actual Rent: 1330
Security Deposit $: 1330
SqFt Total: 1400
Baths Total: 1
Beds Total: 3
Dining Room YN: No
Kitchen YN: Yes
Living Room YN: No
Occupied YN: Yes
Lease Expiration Date: 2025-10-31
Unit Remarks: tenant owns oven
Unit 2
Unit #: 1511 1st fl
Actual Rent: 875
Security Deposit $: 875
SqFt Total: 800
Baths Total: 1
Beds Total: 1
Dining Room YN: No
Kitchen YN: Yes
Living Room YN: Yes
Occupied YN: Yes
Lease Expiration Date: 2025-07-31
Unit 3
Unit #: 1511 2nd fl
SqFt Total: 800
Baths Total: 1
Beds Total: 2
Dining Room YN: No
Kitchen YN: Yes
Living Room YN: Yes
Unit 4
Unit #: 1511 3rd fl
SqFt Total: 800
Baths Total: 1
Beds Total: 2
Dining Room YN: No
Kitchen YN: Yes
Living Room YN: Yes
Unit Details
1 Bedroom: 1
2 Bedroom: 3
3 Bedroom: 1
Property Features
Basement: Full
Listing Office: LUXE Homes Real Estate LLC
Last Updated: January - 31 - 2025
Information deemed reliable but not guaranteed.