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Scranton 18510 Hill Section
218 Wheeler Avenue
$195,000
● House - Off Market

218 Wheeler Avenue

Scranton, PA 18510
bedrooms
6 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,232 Ft²
$1,457
Est. Monthly
49.87%
Cap Rate

About This Property

Spacious 6 bedroom, 1 1/2 bath home in Hill Section of Scranton near Universities and hospital.  Single family home or investment property.  Beautiful hardwood floors, great layout.  NEW roof (2023), NEW siding (2022), NEW water heater (2023).  Natural gas steam heat. One car garage, yard with concrete patio area and rear alley access.  All information/measurements approximate, not warranted or guaranteed.
Unit Size
2,232 Ft²
Days on Market
-
Land Size
0.15 acres
Price per sqft
$89
Property Type
House
Property Taxes
$479
HOA Dues
-
Year Built
-

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 2 years ago (GSBR #GSBSC6381)

Price History

Date / Event Date Event Price
Feb 25, 2025 Sold
Premium
Sold
Jan 27, 2025 In contract -
In contract
Jan 23, 2025 Relisted $199,000
Relisted
Jan 10, 2025 In contract -
In contract
Jan 4, 2025 Relisted $199,000
Relisted
Show More

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,400
  • Lot Size Depth Feet: 1,600
  • Lot Size Frontage Feet: 400
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LACKA IRON & COAL CO PLOT
  • Land Acres: 0000000146
  • Standard Land Use Code: 1001
  • County Land Use Code: 007

Neighborhood

  • School District Name: Scranton School District
  • School Tax School District: SCRANTON CITY
  • Census Tract: 100400

Geography

  • District: 340
  • Parcel: 15754020054
  • Block: 60A
  • Lot: 16
  • Municipality: SCRANTON CITY
  • Latitude: 41.3999
  • Longitude: -75.6491

    Address

  • Full Address: 218 Wheeler Ave
  • Address - House Number: 218
  • Address - Street Name: Wheeler
  • Address - Suffix Type: Ave
  • State: PA
  • City Name: Scranton
  • Carrier Code: C032
  • 4-Digit Zip Code: 2511
  • Zip Code: 18510

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $575,205

    Appraisal Valuation

  • Standard Deviation: 0.1617
  • Valuation Date: May 31, 2023
  • Confidence Score: 67
  • Final Value: 219,593
  • High Value: 255,102
  • Low Value: 184,083

    Market Valuation

  • Market Total Value: $18,000
  • Market Land Value: $5,250
  • Market Improvement Value: $12,750

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $18,000
  • Assessed Land Value: $5,250
  • Assessed Improvements Value: $12,750

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Feb 09, 2021
  • Current Sale Recording Date: Feb 10, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 202102800
  • Previous Sale Recording Date: Mar 08, 1996
  • Previous Sale Contract Date: Mar 08, 1996
  • Previous Sale Document Type: 55
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Hill Section

Stats & Trends

Median Asking:

$264,000

Sale Price/ft²

$121

Below Asking

0.02%

Average Days on Market

64

Average Home Size

2628 ft²

Average Home Age

82.1 years

Currently For Sale

31 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

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GSBR

Listed by: Judy Cerra
Berkshire Hathaway Home Services Preferred Properties
Last Updated: 2 years ago
Data Source: GSBR , MLS#
IDX information is provided exclusively for 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 deemed reliable but not guaranteed. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Frequently Asked Questions

When was property at 218 Wheeler Avenue built and last sold?
The property at 218 Wheeler Avenue was built in and last sold on Feb 9, 2021 for $65,000.
How much is this home worth?
The estimated value of the home located at 218 Wheeler Avenue is $200,990.
What are some comparable homes to 218 Wheeler Avenue?
There are currently no comparable homes to 218 Wheeler Avenue.
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