702 E Elm Street, Scranton, PA 18505 (MLS# 26-3366)

702 E Elm Street, Scranton, PA 18505

$425,000

Property Type: Residential Income Square Footage: 2,344 Status: Closed

Current Price: $425,000 List Date: 7/13/2026 Last Modified: 8/31/2026

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

House # (1): 702
Street Direction Pfx: E
Street Name: Elm
Street Suffix: Street
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

Property Information

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

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

Status Change Information

Under Contract Date: 2026-07-25
Sold Date: 2026-08-31

Expenses

Annual Gross Income: 43800
Annual Real Est Tax: 2429.49
Annual Fire/Liabilty: 770
Total Annl Expenses: 3199.49
Anl Net Inc b/4 Debt: 40600.51

More Information

Unit 1 Info

Unit #: Yes
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

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

Property Features

Showing Instructions: Contact Showing Service - See Remarks 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 Basement: None

Listing Office: Steel City Realty

Listing Agent: Jennifer de Jesus

Last Updated: August - 31 - 2026

Information deemed reliable but not guaranteed.

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MLS Listing