Remodeled 2-Unit Residential
342 Harrison Avenue Scranton, PA 18510
342 Harrison Avenue, Scranton, PA, 18510
$445,000
For Sale
$445,000
MULTI_FAMILY - Other - Scranton, PA
Property Size3,171 SF
Lot Size0.15 Acres
Price / SF$140.33
Days on Market509
Property Features for 342 Harrison Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R2
- Bedrooms
- 6
- Bathrooms
- 2
- Rooms
- Bedroom 3, Bedroom 5, Bedroom 2, Bedroom 4, Bathroom 1, Bathroom 2, Bedroom 6, Bedroom 1
- Parking features
- Alley, Off Street, Parking Lot
- Interior features
- Eat-in Kitchen
- Exterior features
- Rain Gutters
- Appliances
- Dishwasher, Microwave, Gas Range
- Standard status
- Active
- APN
- 15709060072
- Size
- 3,171 SF
- Lot size
- 0.15 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 4327
Utilities
- Utilities
- Water Available
- Heating system
- Natural Gas
- Water source
- Public
Building Details
- Year built
- 1910
- Floors in Building
- 3
- Number of units
- 2
- Flooring type
- Tile, Wood, Carpet, Vinyl
- Building materials
- Vinyl Siding
- Roof type
- Shingle
- Architectural style
- Other
Listing agency
Christian Saunders Real Estate
(800) 372-4222
Listed by
Thomas Exeter · License #RS353357
(570) 499-3333
Added: Feb 28, 2025 Updated: Jul 12 at 2:34AM Checked: Jul 22 at 11:06PM
MLS# SC250831
Copyright © 2026 Greater Scranton Board of Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This beautifully remodeled 2-unit home offers a turnkey setup with extensive interior and exterior updates. The property has 6 total bedrooms and a full renovation scope, including electrical and plumbing, updated kitchens and bathrooms, new walls and floors, and exterior work such as a roof. The basement through the third floor has been updated, supporting functional day-to-day living and rental readiness. Each unit is served by separate utilities, providing practical operational separation.
The home is located at 342 Harrison Avenue in Scranton, PA 18510, in an R2 zoning district. The property is described as being in the historic Hill section, with easy access to highways for travel toward New York City, New Jersey, or Philadelphia. The listing also notes proximity to hospitals, the University of Scranton, and the city’s largest park.
For investors, the separate utilities and complete renovation are aligned with a low-maintenance ownership profile, while the layout supports renting both units as independent spaces. For owner-occupants, the home can function as a spacious residence with an additional unit available on-site. Off-street parking adds a practical benefit for tenants and guests. Measurements and information are not warranted or guaranteed; buyers should verify all details during due diligence.
The home is located at 342 Harrison Avenue in Scranton, PA 18510, in an R2 zoning district. The property is described as being in the historic Hill section, with easy access to highways for travel toward New York City, New Jersey, or Philadelphia. The listing also notes proximity to hospitals, the University of Scranton, and the city’s largest park.
For investors, the separate utilities and complete renovation are aligned with a low-maintenance ownership profile, while the layout supports renting both units as independent spaces. For owner-occupants, the home can function as a spacious residence with an additional unit available on-site. Off-street parking adds a practical benefit for tenants and guests. Measurements and information are not warranted or guaranteed; buyers should verify all details during due diligence.
Key Highlights
- Remodeled 2‑unit home with 6 total bedrooms and 2 bathrooms
- Over 3,000 sq. ft. of living space with Bedroom 1 through Bedroom 6
- Separate utilities for each unit
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $40.0k | $12.60 |
| − Vacancy | −$2.6k | −$0.82 |
| EGI | $37.4k | $11.78 |
| − OpEx | −$11.2k | −$3.53 |
| NOI | $26.2k | $8.25 |
3,171 SF · lease $12.60/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$373.6K
$326.9K – $435.8K
NOI $26,150 @ 7.0% cap · market cap 5.88%
Second Best
Apartment 5plus
$349.2K
$305.6K – $407.4K
NOI $24,446 @ 7.0% cap · market cap 5.49%
Theoretical Best
Office A
$804.9K
$704.3K – $939.0K
NOI $56,340 @ 7.0% cap · market cap 12.66%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Turnkey two-unit home in Scranton’s R2 district with separate utilities and off-street parking.
Where is this duplex located?
The property is located at 342 Harrison Avenue Scranton, PA.
What is the asking price?
The asking price for this property is $445,000.
What are key features of this property?
This property features: Remodeled 2‑unit home with 6 total bedrooms and 2 bathrooms; Over 3,000 sq. ft. of living space with Bedroom 1 through Bedroom 6; Separate utilities for each unit
