701 Mill & Elm Street, Dunmore, PA 18512
MULTI_FAMILY - Other - Dunmore, PA
- Added:
- Jun 4, 2026
- Days on Market:
- 8
- Last Refresh:
- Jun 11 at 10:06 am
Property Features for 701 Mill & Elm Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R1
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bedroom 2, Bedroom 4, Basement, Bathroom 2, Bedroom 3, Bedroom 1, Bathroom 1
- Parking features
- Off Street, On Street, Driveway, Garage
- Patio and Porch features
- Porch
- Basement
- Exterior Entry, Unfinished
- Appliances
- Dryer, Washer, Stainless Steel Appliance(s), Refrigerator, Electric Oven
- Standard status
- Active
- APN
- 14619030039
- Size
- 1,908 SF
- Lot size
- 0.09 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- 50X75 W-03 B-0390 L-0020 P-00200
- Tax Annual Amount
- 2362
Utilities
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating), Baseboard
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1965
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Tile, Vinyl
- Building materials
- Vinyl Siding
- Roof type
- Shingle
- Architectural style
- Other
Listing agent Jenni M. Parrinello (570) 313-8308
Listing office Iron Valley Real Estate Greater Scranton 201 E. Drinker Street, Dunmore, PA (570) 300-4766
Listing date Jun 4, 2026
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
- Freshly remodeled 2‑unit duplex with brand new flooring throughout
- Each unit includes new appliances: refrigerator, stove, washer, and dryer
- Redone bathrooms in the 2‑unit layout (Bathroom 1, Bathroom 2)
- Detached garage with brand‑new roof for additional parking and storage
- Central air plus electric baseboard heating; vinyl siding; shingle roof
- Public water and public sewer; off‑street, driveway, and on‑street parking
Overview
The property is located at 701 Mill & Elm Street in Dunmore, Pennsylvania 18512, within Lackawanna County. The listing is designated under R1 zoning, and the total lot size is listed as 0.09 acres.
For tenants or owner-occupants, the configuration supports either long-term rental living or a home-and-rental setup, with separate units and dedicated in-unit laundry appliances. For investors, the recently completed interior updates and garage improvements reduce near-term maintenance concerns associated with older finishes. With the property currently presented as ready to operate, it’s well-suited for buyers seeking a practical, self-contained two-unit residential rental asset.
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 | $24.0k | $12.60 |
| − Vacancy | −$1.6k | −$0.82 |
| EGI | $22.5k | $11.78 |
| − OpEx | −$6.7k | −$3.53 |
| NOI | $15.7k | $8.25 |
Alternative Uses
Current Use by Public Records
Map
- City
- Dunmore
- County
- Lackawanna
- State
- Pennsylvania
- Longitude
- -75.631467
- Latitude
- 41.411715
