702 E Elm Street, Scranton, PA 18505

New Listing
$425,000
Property Type: Residential Income Square Footage: 2,344 Status: Active
Current Price: $425,000 List Date: 7/13/2026 Last Modified: 7/13/2026

Overview

Description

702 East Elm St, South Side Scranton. Brand-new duplex, 100% occupied, individual deed. 2 units at $1,825/mo each ($43,800/yr gross); tenants pay all utilities. LERTA tax abatement approved: significant property tax savings vs. comparable non-abated new construction. Day-one rental income, no vacancy risk. FHA/VA eligible. Priced below replacement cost. Ideal for owner-occupants or investors.

Listing Details MLS# 26-3366

Location, Tax & Legal

Street Number
702
Street Direction Prefix
E
Street Name
Elm
Street Suffix
Street
State
PA
Postal Code
18505
County
Lackawanna
MLS Area Major
Misc Out of County
SchoolDistrict
Scranton
Township
Scranton City
Subdivision Name
None
Zoning
Apartment Residential
PIN #
16708020010
DB/Record Book
202402266
Page
No
Total County Assmnt
336030
Est County Tax
1945.62
Est Total Tax
2429.49
Tax Year
2026

Listing Information

Listing Contract Date
2026-07-06

Property Information

Property Sub Type
Duplex
Building Area Total
2344
Year Built
2025
Est Age Range
New Const.
# Spaces off-Street
4
Realtor.COM Type
Multi-Family
Garage Stalls
2
Garage Type
Built-in

Remarks Directions

Directions
Follow Griffin Rd to PA-435 N in Elmhurst Township. Continue on PA-435 N. Take I-81 S to Stafford Ave in Scranton. Continue on Stafford Ave. Take Birch St and S Webster Ave to E Elm

Expenses

Annual Gross Income
43800
Annual Real Est Tax
2429.49
Total Annl Expenses
3199.49
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
40600.51

More Information

Unit 1 Info

Unit #
Yes
# Rooms
5
# Bedrooms
2
# Baths
Yes
Heat in Rent
N
Hot Water in Rent
N
Approx SF
1173
Monthly Rent
1825
Kitchen Style
Modern
Lease
Y
Electric in Rent
N
Water in Rent
N
Sewer in Rent
N

Unit 2 Info

Unit #
2
Approx SF
1173
# Rooms
5
Monthly Rent
1825
# 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

Showing Instructions

Contact Showing Service - See Remarks
Yes

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

Basement

None
Yes

Property Features

Showing Instructions: Contact Showing Service - See Remarks Heat Fuel Type: Electric AC Type: Central Condition: Excellent Exterior: Vinyl Basement: None
Listing Office: Steel City Realty
Listing Agent: Jennifer de Jesus
Last Updated: July - 13 - 2026
Information deemed reliable but not guaranteed.
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