Brand-New Duplex with Central
New
For Sale
$425,000
216 Harrison Avenue, Scranton, PA 18510
MULTI_FAMILY - Scranton City, PA
Property Size2,170 SF
Price / SF$195.85
Days on Market5
Property Features for 216 Harrison Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Property condition
Under Construction
Zoning
Residential
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bathroom 1, Bathroom 2, Bedroom 2, Bedroom 3, Bedroom 4
Parking
4
Parking features
Off Street
Subdivision
Not in Development
Elementary school district
Scranton
Middle school district
Scranton
High school district
Scranton
Directions
Take Parsonage St and McAlpine St to Main St in Avoca. Continue on Main St to Moosic. Follow I-81 N to River St in Scranton. Take exit184. Take Meadow Ave and Moosic St to Harrison Ave
Standard status
Active
Size
2,170 SF
Taxes and HOA fees
Tax Annual Amount
6624
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Electric (Heating)
Cooling system
Central Air
Water source
Public
Building Details
Year built
2024
Floors in Building
1
Number of units
2
Building materials
VinylSiding
Listing Agency:
Steel City Realty
(484) 895-9005
Listed By:
Jennifer L. DeJesus · License #RM423820
(610) 217-6330
Added: Jul 28
Changed: Jul 30
Last Checked: Aug 1 at 6:06AM
MLS# 781422
Copyright © 2026 Greater Lehigh Valley REALTORS. 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.
Brand-new construction 2-unit duplex currently under construction, built in 2024. The property features vinyl siding and central air, with forced-air and electric heating. Off-street parking is provided, and utilities are served by public water and public sewer.
Located in Scranton City, PA 18510 in a Federal Opportunity Zone (18510) and zoned Residential. The duplex is described as 100% occupied with individual deeded units, and tenants are responsible for all utilities.
With the ability to live in one unit and rent the other, the layout is positioned for day-one rental use, and the property is described as FHA/VA eligible.
Located in Scranton City, PA 18510 in a Federal Opportunity Zone (18510) and zoned Residential. The duplex is described as 100% occupied with individual deeded units, and tenants are responsible for all utilities.
With the ability to live in one unit and rent the other, the layout is positioned for day-one rental use, and the property is described as FHA/VA eligible.
Key Highlights
- 2024 duplex under construction with central air
- 2‑unit duplex with individual deeded units
- Tenants pay all utilities
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 | $27.3k | $12.60 |
| − Vacancy | −$1.8k | −$0.82 |
| EGI | $25.6k | $11.78 |
| − OpEx | −$7.7k | −$3.53 |
| NOI | $17.9k | $8.25 |
2,170 SF · lease $12.60/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$255.6K
$223.7K – $298.3K
NOI $17,895 @ 7.0% cap · market cap 4.21%
Second Best
Apartment 5plus
$239.0K
$209.1K – $278.8K
NOI $16,729 @ 7.0% cap · market cap 3.94%
Theoretical Best
Office A
$550.8K
$481.9K – $642.6K
NOI $38,555 @ 7.0% cap · market cap 9.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,345
Businesses Nearby
Explore this area
Business Placement
Demographics for 18510, PA
14,110
Population
5,824
Households
2.4
Avg Household Size
31
Median Age
28%
College-Educated
88%
High-School Grad
1.8 sq mi
ZIP Area
7,839
Density / Sq Mi
$52,500
Median Household Income
$25,282
Median Earnings
$1,040
Median Rent
$178,000
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Newly built 2-unit duplex in a residential zoning area, with central air, off-street parking, and public utilities.
Where is this duplex located?
The property is located at 216 Harrison Avenue 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: 2024 duplex under construction with central air; 2‑unit duplex with individual deeded units; Tenants pay all utilities
