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

119 Prospect Avenue, Scranton, PA 18505

$425,000

Property Type: Residential Income Square Footage: 1,984 Status: Active

Current Price: $425,000 List Date: 7/08/2026 Last Modified: 7/14/2026

Overview

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.

Listing Details MLS# 26-3277

Location, Tax & Legal

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
Zoning: Residential
PIN #: 15660030010
DB/Record Book: 202306719
Page: Yes
Total County Assmnt: 293070
Est County Tax: 183.66
Est Total Tax: 688.31
Tax Year: 2026

Listing Information

Listing Contract Date: 2026-07-08
Limited Service: No

Property Information

Property Sub Type: Duplex
Building Area Total: 1984
Year Built: 2023
Est Age Range: New Const.
# Spaces off-Street: 6
Parking: Off-Street
Realtor.COM Type: Multi-Family

Remarks Directions

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

Expenses

Annual Gross Income: 41100
Annual Real Est Tax: 688.31
Total Annl Expenses: 1458.31
Annual Electric Exp: 0
Annual Gas Exp: 0
Annual Othr Fuel Exp: 0
Annual Water Exp: 0
Annual Sewer Exp: 0
Annual Fire/Liabilty: 770
Annual Flood Ins: 0
Annual Lawn Maint.: 0
Annual Snow Removal: 0
Annual Other Misc: 0
Anl Net Inc b/4 Debt: 39641.69

More Information

Appliances

# Ranges: 2
# Refrigerators: 2
# Dishwashers: 2
# Disposals: 2
# Washer: 2
# Dryers: 2
# Microwave: 2

Unit 1 Info

Unit #: Yes
# Rooms: 5
# Bedrooms: 2
# Baths: Yes
Heat in Rent: N
Hot Water in Rent: N
Approx SF: 992
Monthly Rent: 1700
Kitchen Style: Modern
Lease: Y
Electric in Rent: N
Water in Rent: N
Sewer in Rent: N

Unit 2 Info

Unit #: 2
Approx SF: 992
# Rooms: 5
Monthly Rent: 1725
# Bedrooms: 2
Kitchen Style: Modern
# Baths: Yes
Lease: Y
Heat in Rent: N
Hot Water in Rent: N
Electric in Rent: N
Water in Rent: N
Sewer in Rent: N

Remarks & Directions

Hot Sheet Comment: new

Heat Fuel Type

Electric: Yes

Interior Finish

Drywall: Yes

Heat Type

Forced Air: Yes

Condition

Excellent: Yes

AC Type

Central: Yes

Water

Public: Yes

Exterior

Vinyl: Yes

Sewer

Public: Yes

Roof

Asbestos Shingles: Yes

Hot Water Heater

Electric: Yes

Basement

None: Yes

MF Amenities

Porch: Yes

Property Features

Heat Fuel Type: Electric AC Type: Central Condition: Excellent Exterior: Vinyl Hot Water Heater: Electric Basement: None

Listing Office: Steel City Realty

Listing Agent: Jennifer de Jesus

Last Updated: July - 14 - 2026

Information deemed reliable but not guaranteed.

One home for you!

MLS Listing