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

Realtor.COM Type: Multi-Family

Aprx Total SF: 1984

Year Built: 2023

Est Age Range: New Const.

Lot Size: 40X140

# Spaces off-Street: 6

Parking: Off-Street

Current Price: $425,000

List Price: $425,000

List Date: 2026-07-08

Limited Service: No

House # (1): 119

Street Name: Prospect

Street Suffix: Avenue

City (Post Office): Scranton

State/Province: PA

Zip Code: 18505

County: Lackawanna

MLS Area: Misc Out of County

School District: Scranton

Municipality: Scranton City

Develop/Subdivision: 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

Annual Fire/Liabilty: 770

Total Annl Expenses: 1458.31

Anl Net Inc b/4 Debt: 39343.69

# Ranges: 2

# Refrigerators: 2

# Dishwashers: 2

# Disposals: 2

# Washer: 2

# Dryers: 2

# Microwave: 2

Unit #: 1

Approx SF: 992

# Rooms: 5

Monthly Rent: 1700

# Bedrooms: 2

Kitchen Style: Modern

# Baths: 1

Lease: Y

Heat in Rent: N

Hot Water in Rent: N

Electric in Rent: N

Water in Rent: N

Sewer in Rent: N

Unit #: 2