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    Scranton Investment Property Package Title is generated by Realmo AI

    1522-1524 1508 Elizabeth Street, Scranton, PA 18504

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    Claim this Listing
    Pending
    $425,000

    MULTI_FAMILY - Ranch - Scranton, PA

    Type:Single Family Residence
    Property size:
    3,820 SF
    Lot size:
    0.19 Acres
    Added:
    May 7, 2026
    Days on Market:
    52
    Last Refresh:
    Jun 27 at 4:06 pm

    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
    Bedroom 3, Bedroom 5, Bedroom 7, Basement, Bedroom 8, Bathroom 1, Bedroom 9, Bedroom 4, Bedroom 1, Bathroom 3, Bedroom 2, Bathroom 2, Bedroom 6
    Parking features
    Off Street, Driveway, Garage, 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

    We can help!

    Contact an agent
    Leah Gianacopoulos
    Leah Gianacopoulos

    Listing agent Leah Gianacopoulos License #RS325414

    Listing office ERA One Source Realty 230 Northern Blvd., Clarks Summit, PA

    Listing date May 7, 2026

    MLS# SC262051 Listing URL

    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.

    HighLights

    • Property package includes a fully rented side‑by‑side duplex with month‑to‑month tenants and separate utilities
    • Also includes a single‑family home with 3 bedrooms and 1 bathroom, plus kitchen and living space
    • Corner lot setting with porch and private yard
    • Ranch‑style home built in 1960 with asbestos, stone, and stucco exterior materials
    • Natural gas heating and shingle roof; cable available
    • On‑site parking includes garage and driveway, plus off‑street and on‑street parking

    Overview

    This property package presents an investment opportunity in the Tripps Park section of West Scranton. The offering includes a side-by-side duplex and a single-family home, situated on a corner lot. The duplex is fully rented with month-to-month tenants and features separate utilities for each unit. Each side of the duplex includes spacious living rooms, kitchens, dining areas, laundry spaces, and basements for storage. Garage storage is also available. The single-family home offers 3 bedrooms, 1 bathroom, a kitchen, and living space. The properties have been maintained and offer income-producing potential. The location provides convenient access to shopping, schools, restaurants, and major routes. The property size is 3820 square feet on a 0.19-acre lot. The zoning is Res MF.

    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 (±1% cap)
    NOI $31,502 @ 7.0% cap · market cap 7.41%
    Second Best
    Apartment 5plus
    $420.7K
    $368.1K – $490.8K (±1% cap)
    NOI $29,450 @ 7.0% cap · market cap 6.93%
    Theoretical Best
    Office A
    $969.6K
    $848.4K – $1.13M (±1% cap)
    NOI $67,871 @ 7.0% cap · market cap 15.97%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Scranton
    County
    Lackawanna
    State
    Pennsylvania
    Longitude
    -75.674503
    Latitude
    41.427932

    FAQs

    What type of property is this?
    Multifamily property - Well-maintained multi-family and single-family homes in desirable location.
    Where is this multifamily property 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: Property package includes a fully rented side‑by‑side duplex with month‑to‑month tenants and separate utilities; Also includes a single‑family home with 3 bedrooms and 1 bathroom, plus kitchen and living space; Corner lot setting with porch and private yard
    More about this property
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