119 Prospect Avenue, Scranton, PA 18505 (MLS# 26-3277)

+46 more

$425,000

119 Prospect Avenue, Scranton, PA 18505

1,984 sqft

Description

119 Prospect Ave, Southside Scranton. Brand-new construction duplex, 100% occupied, individual deed. 2 units at $1,700/mo each ($40,800/yr gross); tenants pay all utilities. LERTA tax abatement + federal Opportunity Zone (18510): rare dual tax advantage for investors & owner-occupants, capital gains deferral. Day-one rental income, no vacancy risk. FHA/VA eligible. Priced below replacement cost.

More Information

Property Sub Type: Duplex

Building Area Total: 1984

Year Built: 2023

Est Age Range: New Const.

# Spaces off-Street: 6

Parking: Off-Street

Current Price: $425,000

List Price: $425,000

Listing Contract Date: 2026-07-08

Limited Service: No

Street Number: 119

Street Name: Prospect

Street Suffix: Avenue

State: PA

Postal Code: 18505

County: Lackawanna

MLS Area Major: Misc Out of County

SchoolDistrict: Scranton

Township: Scranton City

Subdivision Name: None

Directions: Take Parsonage St, Foote Ave and I-81 N to River St in Scranton. Take exit 184 from I-81 N. Continue on River St. Drive to Prospect Ave

Status: Active

Annual Gross Income: 40800

Annual Real Est Tax: 688.31

Total Annl Expenses: 1458.31

# Ranges: 2

# Refrigerators: 2

# Dishwashers: 2

# Disposals: 2

# Washer: 2

# Dryers: 2

# Microwave: 2

Unit #: 1