Remodeled Duplex with Off-Street
For Sale
$424,900
342 Harrison Ave, Scranton, PA 18510
Two-unit property with updated interiors, separate utilities, and convenient access to hospitals, the University of Scranton, and nearby parkland.
Property Size3,171 SF
Price / SF$133
Days on Market54
Property Features for 342 Harrison Ave
General Information
Standard status
Active
Size
3,171 SF
Property subtype
Multi-Family
Building Details
Year Built
1910
Listing Agency:
Christian Saunders Real Estate
Listed By:
Thomas Exeter · License #RS353357
(570) 499-3333
Source:
Revolvepa
Added: Aug 23
Changed: Oct 9
Last Checked: Oct 15 at 3:03AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Christian Saunders Real Estate
Investment Insights
Based on property information with market context.
This 1910 duplex contains 3,171 square feet of living space across two units and includes six total bedrooms. The property has separate utilities for each unit, a welcoming entry, and off-street parking. Renovations extend throughout the building, including electrical and plumbing systems, kitchens, bathrooms, walls, flooring, exterior improvements, and the roof. Updates span the basement through the third floor.
The property is situated in Scranton’s historic Hill section, near hospitals, the University of Scranton, and the city’s largest park. Highway access provides approximately two-hour travel times to New York City, New Jersey, and Philadelphia. The two-unit configuration and extensive improvements support both residential occupancy and rental use.
The property is situated in Scranton’s historic Hill section, near hospitals, the University of Scranton, and the city’s largest park. Highway access provides approximately two-hour travel times to New York City, New Jersey, and Philadelphia. The two-unit configuration and extensive improvements support both residential occupancy and rental use.
Key Highlights
- Two‑unit duplex with 3,171 square feet of living space
- Six total bedrooms across the property
- Separate utilities for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,150
Cap Rate
6.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$523,000
$523.0K
Cap Rate 7%
$373,571
$373.6K
Cap Rate 9%
$290,556
$290.6K
Market Conditions
NOI Build-Up for 3,171 SF
Gross rent
$40.0K $12.60/SF
− Vacancy
−$2.6K −$0.82/SF
EGI
$37.4K $11.78/SF
− OpEx
−$11.2K −$3.53/SF
NOI
$26.2K $8.25/SF
Area
Lackawanna County, PA
Vacancy
6.50%
Lease Rate
$12.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$523,000
Cap Rate 7%
$373,571
Cap Rate 9%
$290,556
Alternative Uses
Best Use
Multifamily LT 5
$373.6K
$326.9K – $435.8K
NOI $26,150 @ 7.0% cap · market cap 6.15%
Second Best
Apartment 5plus
$349.2K
$305.6K – $407.4K
NOI $24,446 @ 7.0% cap · market cap 5.75%
Theoretical Best
Office A
$804.9K
$704.3K – $939.0K
NOI $56,340 @ 7.0% cap · market cap 13.26%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,016
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
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit property with updated interiors, separate utilities, and convenient access to hospitals, the University of Scranton, and nearby parkland.
Where is this duplex located?
The property is located at 342 Harrison Ave Scranton, PA.
What is the asking price?
The asking price for this property is $424,900.
What are key features of this property?
This property features: Two‑unit duplex with 3,171 square feet of living space; Six total bedrooms across the property; Separate utilities for each unit
