Remodeled Two-Unit Home,
342 Harrison Avenue, Scranton, PA 18510
MULTI_FAMILY - Other - Scranton, PA
Property size:
3,171 SFLot size:
0.15 AcresPrice / SF:
$141/SF- Added:
- Feb 28, 2025
- Days on Market:
- 449
- Last Refresh:
- May 23 at 3:06 pm
Property Features for 342 Harrison Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R2
- Bedrooms
- 6
- Bathrooms
- 2
- Rooms
- Bedroom 3, Bathroom 1, Bedroom 1, Bedroom 5, Bedroom 4, Bedroom 2, Bedroom 6, Bathroom 2
- 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
- Carpet, Tile, Vinyl, Wood
- 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
MLS# SC250831
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
- Fully Remodeled: Electrical, plumbing, kitchens, bathrooms, walls, floors, and roof - all completely redone.
- Two Units with Separate Utilities: Ideal for investment or multi‑generational living.
- Prime Location in Scranton's historic Hill section, close to hospitals, the University of Scranton, and a large park.
- Spacious Living Area: Enjoy over 3,000 sq. ft. with 6 bedrooms.
- Convenient Transportation: Easy access to highways for travel.
- Off‑Street Parking: A valuable amenity in this sought‑after neighborhood.
Overview
This remodeled two-unit home is located in Scranton's historic Hill section, offering proximity to hospitals, the University of Scranton, and the city's largest park. The property provides convenient access to highways, with New York City, New Jersey, and Philadelphia approximately two hours away. The home features over 3,000 sq. ft. of living space, with a total of 6 bedrooms. Each unit has separate utilities. The property has been fully updated, including electrical, plumbing, kitchens, bathrooms, walls, floors, and the exterior, including the roof. Updates span from the basement to the third floor. Additional features include a welcoming entryway and off-street parking. The property sits on a lot of 0.15 acres. The property is zoned R2. The property offers potential as a rental property or a residence for a large family.
Financial Insights
Value Estimation Calculated for Multifamily LT 5
Conservative
$290.6K
NOI $26,150 @ 9.00% cap · cautious / downside scenario
Moderate
$373.6K
NOI $26,150 @ 7.00% cap · market / base-case scenario
Aggressive
$523.0K
NOI $26,150 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Multifamily LT 5
| 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 |
3,171 SF · lease $12.60/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Use Scenarios
Best Use
Multifamily LT 5
$373.6K
$326.9K – $435.8K
NOI $26,150 @ 7.0% cap · market cap 5.82%
Second Best
Apartment 5plus
$349.2K
$305.6K – $407.4K
NOI $24,446 @ 7.0% cap · market cap 5.44%
Theoretical Best
Office A
$804.9K
$704.3K – $939.0K
NOI $56,340 @ 7.0% cap · market cap 12.55%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Scranton
- County
- Lackawanna
- State
- Pennsylvania
- Longitude
- -75.648611
- Latitude
- 41.402022
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Fully remodeled two-unit home in Scranton's historic Hill section.
Where is this duplex located?
The property is located at 342 Harrison Avenue Scranton, PA.
What is the asking price?
The asking price for this property is $449,000.
What are key features of this property?
This property features: Fully Remodeled: Electrical, plumbing, kitchens, bathrooms, walls, floors, and roof - all completely redone.; Two Units with Separate Utilities: Ideal for investment or multi‑generational living.; Prime Location in Scranton's historic Hill section, close to hospitals, the University of Scranton, and a large park.
