342 Harrison Avenue, Scranton, PA 18510
MULTI_FAMILY - Other - Scranton, PA
- Added:
- Feb 28, 2025
- Days on Market:
- 496
- Last Refresh:
- Jul 9 at 6:06 am
Property Features for 342 Harrison Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R2
- Bedrooms
- 6
- Bathrooms
- 2
- Rooms
- Bedroom 5, Bedroom 6, Bedroom 4, Bedroom 3, Bathroom 2, Bedroom 2, Bathroom 1, Bedroom 1
- Parking features
- Off Street, Parking Lot, Alley
- 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, Vinyl, Carpet
- Building materials
- Vinyl Siding
- Roof type
- Shingle
- Architectural style
- Other
Listing agent Thomas Exeter License #RS353357 (570) 499-3333
Listing office Christian Saunders Real Estate 771 E. Drinker Street, Dunmore, PA (800) 372-4222
Listing date Feb 28, 2025
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
- 2‑unit home in Scranton’s Historic Hill section with over 3,000 sq. ft. of living space
- 6 total bedrooms across the two units, plus 2 bathrooms
- Separate utilities for each unit
- Natural gas heating and public water available
- Kitchen with eat‑in area; includes dishwasher, microwave, and gas range
- 1910 construction with vinyl siding, shingle roof, and rain gutters; off‑street parking available
Overview
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.
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 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Scranton
- County
- Lackawanna
- State
- Pennsylvania
- Longitude
- -75.648611
- Latitude
- 41.402022
