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: Pending

Current Price: $425,000 List Date: 7/08/2026 Last Modified: 9/08/2026

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

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

Listing Information

Limited Service: No

Property Information

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

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

Status Change Information

Under Contract Date: 2026-09-08

Expenses

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

More Information

Appliances

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

Unit 1 Info

Unit #: Yes
Approx SF: 992
# Rooms: 5
Monthly Rent: 1700
# 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

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

Property Features

Heat Fuel Type: Electric Heat Type: Forced Air AC Type: Central Condition: Excellent Exterior: Vinyl Roof: Asbestos Shingles Interior Finish: Drywall Water: Public Sewer: Public Hot Water Heater: Electric Basement: None MF Amenities: Porch

Listing Office: Steel City Realty

Listing Agent: Jennifer de Jesus

Last Updated: September - 08 - 2026

Information deemed reliable but not guaranteed.

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MLS Listing