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Scranton, PA, 18505
- Up-down duplex fixer — 3 bed / 2 bath / 1,800 SF
- $109,900 ask | $230–240K ARV — based on 3/2 duplex comps nearby
- Investor-friendly market — 10-11% YoY home value growth
- Tight inventory in Scranton — properties go under contract in just ~11 days
- High yields — Scranton cap rates range 7.2% to 12.8%; 50% homes renter-occupied
Please contact [email protected] for more information or submit your interest here. Assignment Contract.
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Property Details
- Address: Scranton, PA 18505
- Bed / Bath: 3/2
- Property Type: Up/Down Duplex (Up - 2/1, Down - 1/1)
- Finished Area: 1,800 sq. ft.
- Year Built: 1920
- Occupancy Status: First floor vacant; second floor will be vacant at closing
https://www.google.com/maps/place/South+Side,+Scranton,+PA+18505/@41.3868152,-75.688023,13.49z/data=!4m6!3m5!1s0x89c4df1dcf0f382b:0xbd8e8b40fc1878f4!8m2!3d41.3900931!4d-75.6754488!16s%2Fg%2F11b5pjvchs?hl=en-US&entry=ttu&g_ep=EgoyMDI1MDcyOC4wIKXMDSoASAFQAw%3D%3D
Investment Highlights
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Fixer-Upper Opportunity, est. $36 – $43k in renovation costs — Duplex with strong bones and clear upside:
- First floor is mid-renovation — kitchen and bathroom are gutted; bedroom is half sheet-rocked and needs flooring and finish work.
- Second floor is livable but dated — 20-year-old kitchen and bath offer value-add potential with cosmetic upgrades.
- Major systems in good shape — boiler (15 yrs), heater (5 yrs), split electric meters, plumbing intact, solid exterior, minor window repairs needed.
How we estimated the 36-43k renovation costs
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ARV estimated at $230-240k — Based on recent nearby sales.
- 719 Hickory St, Scranton, PA 18505 ($138 per SF, 3/2, duplex, sold Aug, 2024)
- 804 Beech St, Scranton, PA 18505 ($132 per SF, 3/2, duplex, sold Dec, 2024)
High-Impact Value-Add Opportunity — The kitchen and bathroom are clear candidates for a full gut renovation. A modernized layout, new cabinets, appliances, and fixtures, and fresh paint can dramatically boost appeal and resale value, and transform this into a turnkey rental or resale flip.
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Why Buyers & Renters Love the Neighborhood?
- Parks just blocks away: Walk to Connell Park for sports, a pool, and dog park; bike the nearby 70-mile Lackawanna River Trail.
- Everyday convenience close by: 5 mins to downtown, groceries, dining, and South Side’s own shopping strip on Meadow Ave.
- Off-street parking & storage: Driveway fits multiple cars + bonus attic and basement space for storage, hobbies, or future expansion.
- Oversized backyard & patio: Deep 40×162 ft lot with a patio — perfect for summer BBQs, play space, or gardening.