2-Unit Duplex with Central
New
For Sale
$425,000
515 Harrison Avenue, Scranton, PA 18510
MULTI_FAMILY - Scranton City, PA
Property Size1,984 SF
Price / SF$214.21
Days on Market5
Property Features for 515 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
Head toward Mulberry St Turn right onto Mulberry St Turn right onto Arthur Ave Turn left onto Vine St Turn right onto Harrison Ave
Standard status
Active
Size
1,984 SF
Taxes and HOA fees
Tax Annual Amount
1827
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Electric (Heating)
Cooling system
Central Air
Water source
Public
Building Details
Year built
2025
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 4:06AM
MLS# 781427
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.
This brand-new construction 2-unit duplex is under construction and built for immediate occupancy, with both units currently occupied. The property includes 2 units with individual deed structure, forced air electric heating, and central air cooling. Units are described as having tenants who pay all utilities. Off-street parking is available, and the exterior is listed with vinyl siding. Public water and public sewer serve the duplex.
The duplex is located at 515 Harrison Avenue in Scranton, PA 18510. The listing notes LERTA tax abatement and federal Opportunity Zone participation (18510), which are presented as potential tax advantages for investors and owner-occupants. The offering is also described as FHA/VA eligible.
The duplex is listed with a total property size of 1,984 square feet and a 2025 year built, making it a new-build option within a residential zoning designation.
The duplex is located at 515 Harrison Avenue in Scranton, PA 18510. The listing notes LERTA tax abatement and federal Opportunity Zone participation (18510), which are presented as potential tax advantages for investors and owner-occupants. The offering is also described as FHA/VA eligible.
The duplex is listed with a total property size of 1,984 square feet and a 2025 year built, making it a new-build option within a residential zoning designation.
Key Highlights
- Under construction brand‑new 2‑unit duplex with both units currently occupied
- 1,984 square feet total and year built 2025
- Tenants pay all utilities; individual deed structure for each unit
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 | $25.0k | $12.60 |
| − Vacancy | −$1.6k | −$0.82 |
| EGI | $23.4k | $11.78 |
| − OpEx | −$7.0k | −$3.53 |
| NOI | $16.4k | $8.25 |
1,984 SF · lease $12.60/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$233.7K
$204.5K – $272.7K
NOI $16,361 @ 7.0% cap · market cap 3.85%
Second Best
Apartment 5plus
$218.5K
$191.2K – $254.9K
NOI $15,295 @ 7.0% cap · market cap 3.60%
Theoretical Best
Office A
$503.6K
$440.6K – $587.5K
NOI $35,250 @ 7.0% cap · market cap 8.29%
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
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Frequently Asked Questions
What type of property is this?
Duplex - Brand-new 2-unit duplex under construction with central air, off-street parking, public water and sewer.
Where is this duplex located?
The property is located at 515 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: Under construction brand‑new 2‑unit duplex with both units currently occupied; 1,984 square feet total and year built 2025; Tenants pay all utilities; individual deed structure for each unit
