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1323 1/2 Lafayette St S, Scranton, PA, 18504

5beds
2baths
2,400sqft
$99,995
$42price/sqft
$948/moest. monthly cost
$37,920/yrincome needed

About This Home

Located in West Scranton, 1323-1323.5 Lafayette Street offers a strong investment opportunity for both first-time investors and seasoned buyers looking to expand in a high-demand rental market. This vacant two-unit property features a total of 5 bedrooms, 2 bathrooms, and approximately 2,400 sq ft of living space, providing excellent value and versatility. The home is a true fixer-upper, ideal for those looking to add equity through renovation while capitalizing on the area's consistent rental demand. With both units currently vacant, the property is easy to show and ready for its next owner to bring it back to life. Property is being sold AS IS, with the owner making no representations and having no knowledge of the property's condition. Buyers are responsible for conducting their own due diligence with the City of Scranton regarding permits, zoning, and occupancy requirements.

Getting Around

74
WalkingVery Walkable
0
TransitVery Limited Transit
37
BikeSomewhat Bikeable

Schools

3/10
Charles Sumner #18Grades PK-40.2 mi
4/10
West Scranton High SchoolGrades 9-120.6 mi

Construction

Condition

  • Year built: 1930

Materials

  • Construction materials: See Remarks

Type & Style

  • Home type: MultiFamily
  • Architectural style: See Remarks,Traditional
  • Property subType: Multi Family

Interior

Appliances

  • Appliances included: None

Basement

  • Has basement: Yes
  • Basement: Dirt Floor

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 2
  • Full bathrooms: 2

Cooling

  • Cooling features: None

Features

  • Finished area below ground: 0
  • Finished area above ground: 2,400
  • Common walls with other units/homes: 1 Common Wall

Interior Area

  • Total structure area: 2,400
  • Total interior livable area: 2,400 sqft

Property

Details

  • Parcel number: 1451402005501
  • Zoning: Residential

Features

  • Stories: 2
  • Exterior features: Other
  • Fencing: Chain Link

Lot

  • Lot size: 3,049 sqft
  • Lot size dimensions: 50 x 57

Parking

  • Total spaces: 3
  • Parking features: Open
  • Has uncovered spaces: Yes
  • Uncovered spaces: 3

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Cold Wave
    Cold WaveModerate
  • Lightning
    LightningModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Cold Wave
Lightning
Winter Weather

FEMA Declared Disasters Across Pennsylvania Counties

Flood
Tropical Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $505$6,060
Home Insurance *$64$768
Property Taxes $116$1,392
Electricity $263$3,159
Total$948$11,376
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$32,502/yr
40% on housing$28,440/yr
45% on housing$25,280/yr

Pennsylvania FAIR Plan Programs

Insurance Placement Facility of Pennsylvania/FAIR Plan

Covered
WildfireWildfire
Add-on available
HailHail
WindWind
Visit Website →
Current Policies
Residential: 8,982Commercial: 984
Total Premiums$5.34M
Total Exposure$1.33B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 11.7%
11.7%
0%30.0%
Electricity Growth Rate10-year average: 8.4%
8.4%
0%15.0%
Property Taxes Growth Rate2-year average: 0.4%
0.4%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$42This listing

vs Other Active Listings

Avg $/sqft

ZIP 18504$97
Lackawanna County$127

vs Homes Sold Last Month

Median $/sqft

ZIP 18504$116
Lackawanna County$124

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2026-07-08Listed for sale$99,995
2026-07-08Listing removed$99,995
2026-07-06Listed for sale$99,995
2026-06-21Listing removed$109,995
2026-05-12Listed for sale$109,995

For Sale by Agent

AgentDavid J. Mitchell
BrokerageThe Hub Real Estate Group Scranton

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