Renovated Two-Unit
342 Harrison Avenue, Scranton, PA 18510
For Sale
New
$415,000
Residential Income, Scranton, PA
Property Size3,171 SF
Lot Size0.15 Acres
Price / SF$130.87
Days on Market3
Property Features for 342 Harrison Avenue
General Information
Property type
Property subtype
Zoning
Zoning description
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking
Parking features
Window features
Patio and Porch features
Interior features
Basement
Appliances
Lot features
Elementary school district
Middle school district
High school district
Directions
Standard status
APN
Size
Lot size
Additional Details
Individually Metered Utilities
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Utilities
Sewer type
Heating system
Water source
Amenities
eat-in kitchens
off-street parking
front and back yards
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Roof type
Architectural style
Buildings
Listing Agency:
C21 Jack Ruddy Real Estate · Century 21 Real Estate
(570) 344-6724
Listed By:
Sherri Hoban
(570) 561-6741
Added: Nov 8
Changed: Nov 10
Last Checked: Nov 10 at 10:06PM
MLS# SC265660
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.
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Investment Insights
Based on property information with market context.
This two-unit duplex contains 3,171 square feet on a 0.146-acre lot. The first-floor apartment has two bedrooms, one bathroom, a dining room, and 1,269 square feet; the upper apartment offers four bedrooms, one bathroom, a dining room, and 1,902 square feet. Both have eat-in kitchens with gas ranges. Updates include the roof, siding, windows, sidewalks, flooring, electrical, plumbing, kitchens, bathrooms, and walls. Additional features include 200+ amp electric service, steam heat, a finished attic, and a porch.
The property is near Geisinger Community Medical Center, the University of Scranton, and Nay Aug Park, with access to I-81. Parking is available off street and via the alley, and the lot includes front and back yards. Zoned R9, the building was constructed in 1930.
The property is near Geisinger Community Medical Center, the University of Scranton, and Nay Aug Park, with access to I-81. Parking is available off street and via the alley, and the lot includes front and back yards. Zoned R9, the building was constructed in 1930.
Key Highlights
- Two apartments totaling 3,171 square feet on a 0.146‑acre lot
- First‑floor unit: 2 bedrooms, 1 bath, and 1,269 sq ft
- Upper unit: 4 bedrooms, 1 bath, and 1,902 sq ft
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,150
Cap Rate
6.30%
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 6.30%
Second Best
Apartment 5plus
$349.2K
$305.6K – $407.4K
NOI $24,446 @ 7.0% cap · market cap 5.89%
Theoretical Best
Office A
$804.9K
$704.3K – $939.0K
NOI $56,340 @ 7.0% cap · market cap 13.58%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,016
Businesses Nearby
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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
$178,000
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Scranton, PA
Properties on Market for Duplexes in Scranton
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has separate electric, gas, and water meters, with tenants responsible for their own utilities.
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 $415,000.
What are key features of this property?
This property features: Two apartments totaling 3,171 square feet on a 0.146‑acre lot; First‑floor unit: 2 bedrooms, 1 bath, and 1,269 sq ft; Upper unit: 4 bedrooms, 1 bath, and 1,902 sq ft
