Multi-Family Rental
1522-1524 1508 Elizabeth Street Scranton, PA 18504
1522-1524 1508 Elizabeth Street, Scranton, PA, 18504
$425,000
Pending
For Sale
$425,000
Pending
MULTI_FAMILY - Ranch - Scranton, PA
Property Size3,820 SF
Lot Size0.19 Acres
Days on Market78
Property Features for 1522-1524 1508 Elizabeth Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Single Family Residence
- Zoning
- Res MF
- Bedrooms
- 9
- Bathrooms
- 3
- Rooms
- Bathroom 2, Bedroom 1, Basement, Bedroom 3, Bedroom 6, Bedroom 7, Bathroom 3, Bedroom 2, Bathroom 1, Bedroom 4, Bedroom 8, Bedroom 5, Bedroom 9
- Parking features
- Garage, Off Street, Driveway, On Street
- Patio and Porch features
- Porch
- Interior features
- Ceiling Fan(s), Eat-in Kitchen
- Exterior features
- Private Yard
- Basement
- Unfinished
- Appliances
- Oven, Range
- Standard status
- Pending
- APN
- 13419010076
- Size
- 3,820 SF
- Lot size
- 0.19 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Description
- There are 2 properties on this property
- Tax Annual Amount
- 5722
Utilities
- Utilities
- Cable Available
- Sewer type
- Public Sewer
- Heating system
- Natural Gas
- Cooling system
- Ceiling Fan(s)
- Water source
- Public
Building Details
- Year built
- 1960
- Floors in Building
- 2
- Number of units
- 3
- Flooring type
- Carpet, Tile
- Building materials
- Asbestos, Stone, Stucco
- Roof type
- Shingle
- Architectural style
- Ranch
Listing agency
ERA One Source Realty
(570) 587-9999
Listed by
Leah Gianacopoulos · License #RS325414
(570) 947-9250
Added: May 7 Updated: Jul 9 at 3:14AM Checked: Jul 23 at 5:06AM
MLS# SC262051
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 for-sale residential income package includes a fully rented side-by-side duplex and an additional single-family home. The duplex provides two separate living units with separate utilities, spacious living rooms, kitchens, dining areas, laundry spaces, basements for storage, and garage storage as well. The included single-family home features three bedrooms, one bathroom, a kitchen, and comfortable living space.
The property is located on a corner lot in Scranton, PA. The duplex tenants are described as month-to-month, with the listing noting the overall ownership and upkeep by the same family for many years.
The combined site totals approximately 0.19 acres, with an overall property size listed at 3,820 square feet.
The property is located on a corner lot in Scranton, PA. The duplex tenants are described as month-to-month, with the listing noting the overall ownership and upkeep by the same family for many years.
The combined site totals approximately 0.19 acres, with an overall property size listed at 3,820 square feet.
Key Highlights
- Side‑by‑side duplex is fully rented with month‑to‑month tenants and separate utilities
- Includes a single‑family home with 3 bedrooms and 1 bathroom, plus a kitchen and living space
- Owned and cared for by the same family for many years; multiple basements for storage and garage storage
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 | $48.1k | $12.60 |
| − Vacancy | −$3.1k | −$0.82 |
| EGI | $45.0k | $11.78 |
| − OpEx | −$13.5k | −$3.53 |
| NOI | $31.5k | $8.25 |
3,820 SF · lease $12.60/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$450.0K
$393.8K – $525.0K
NOI $31,502 @ 7.0% cap · market cap 7.41%
Second Best
Apartment 5plus
$420.7K
$368.1K – $490.8K
NOI $29,450 @ 7.0% cap · market cap 6.93%
Theoretical Best
Office A
$969.6K
$848.4K – $1.13M
NOI $67,871 @ 7.0% cap · market cap 15.97%
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 - Side-by-side duplex and single-family home on a corner lot, with separate utilities and month-to-month tenants.
Where is this duplex located?
The property is located at 1522-1524 1508 Elizabeth Street Scranton, PA.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Side‑by‑side duplex is fully rented with month‑to‑month tenants and separate utilities; Includes a single‑family home with 3 bedrooms and 1 bathroom, plus a kitchen and living space; Owned and cared for by the same family for many years; multiple basements for storage and garage storage
