714 Smith St

Dunmore, PA 18512

$650,000
Price
14
Beds
6,000 Sq. Ft.
$108 / Sq. Ft.
6,000
Sq. Ft.
$108
per Sq. Ft.
Get preapproved with Rocket Mortgage1
Pending
Pending
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Description

Turn-Key Cash-Flowing 6-Unit Property w/ Huge Upside. A rare opportunity to acquire six units on one property in a preferred Dunmore location. Featuring strong current income, long tenant base, new roofs, separate utilities, and massive upside in rents. This building currently generates 73K+ in annual income, but with minimal cosmetic updates and rent corrections to market, it reaches a projected 90,000+ annual gross, making this a high-performance cash-flow investment from day one. This property...Turn-Key Cash-Flowing 6-Unit Property w/ Huge Upside. A rare opportunity to acquire six units on one property in a preferred Dunmore location. Featuring strong current income, long tenant base, new roofs, separate utilities, and massive upside in rents. This building currently generates 73K+ in annual income, but with minimal cosmetic updates and rent corrections to market, it reaches a projected 90,000+ annual gross, making this a high-performance cash-flow investment from day one. This property offers a balanced mix of 1-, 2-, and 3-bedroom layouts, attracting a wide tenant pool and minimizing vacancy risk. Major mechanical & ownership benefits include: All new roofs, Newer hot water heaters, Almost all separate utilities (6 Separate Gas, 6 Separate Electric, and 4 water meters; tenants pay their own except for 3 units), Professionally managed property, & Hot location. Conservatively, the asset supports an ARV market valuation between 750,000-800,000, giving investors immediate equity and appreciation potential. This is ideal for: An investor seeking a stabilized property with upside, A value-add buyer targeting cap rate improvement, A 1031 exchange placement, or a portfolio expansion into the Scranton rental market. Properties that are income-producing with existing cash flow plus clear rent uplift opportunity rarely hit the market. This is a plug-and-play acquisition with instant returns and future scalability.
  1. Listed by Kate Daye Ruane • Brokerage DRE #RB069817 • Revolve Real Estate
    P: (302)-242-8781 C: (302)-242-8781 kate@revolvepa.com

Property Details for 714 Smith Street

Zoning Description
R1
Zoning
Residential
Waterfront
No
LISTING UPDATED: 05/21/2026 04:47 PM

Property Details for 714 Smith Street

StatusPending
MLS #SC261162
Days on Market58
Taxes$3,805 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income / Multi Family
Year Built1930
Lot Size0.19 AC / 8,276 SF
CountyLackawanna County
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Location

Listing Courtesy of Revolve Real Estate
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Building Information for 714 Smith Street

Stories2Residences6Year Built1930Building Size-Lot Size0.19 AC / 8,276 SF

Payment Calculator

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$3,556 per month

30 year fixed, 6.36% Interest

Principal and Interest

$3,239

Property Taxes

$317

HOA Dues

$0

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Property Information for 714 Smith Street

Summary
Location and General Information
  • Region: Dunmore
  • Municipality: Dunmore
  • Directions: Wheeler Ave to Mill st. Property of CORNER of Mill and Smith.
  • City: Dunmore
  • State/Province: PA
  • Postal Code: 18512
  • County: Lackawanna
  • Latitude: 41.410534
  • Longitude: -75.62909
Taxes and HOA Information
  • Tax Book Number: 0847/0364
  • Tax Assessed Value: 14500
  • Tax Year: 2025
  • Parcel Number: 14620010052
  • Tax Annual Amount: $3,804.97
Parking
  • Garage Spaces: .00
School Information
  • School District: Dunmore
Property
Lot Information
  • Structure Type: Multi Family
  • Lot Size Acres: .19
  • Lot Size Dimensions: 60X141
  • Living Area: 6000.0
  • Lot Size Area: 0.19
  • Number of Buildings: 2
  • Below Grade Finished Area: 0.0
Property and Assessments
  • Property Information:Basement: Unfinished
  • Property Type: Residential Income
  • Year Built: 1930
  • Property Sub Type: Multi Family
  • Property Type Label: Residential Income
  • New Construction: No
Interior and Exterior Features
Interior Features
  • Stories: 2
  • Cooling: Central Air
  • Bathrooms Total (Integer): 6
  • Bathrooms Total (Decimal): 6.00
  • Bathrooms Total (Notational): 6.00
  • Bedrooms Total: 14
  • Bathrooms Full: 6
  • Bathrooms Half: 0
Exterior Features
  • Foundation Area: .00
Multi Family
Multi-Family Information
  • Number Of Units Total: 6
Income & Expenses Information
  • Water Sewer Expense: $1,560.00
  • New Taxes Expense: $4,400.00
  • Gross Income: $74,100.00
  • Net Operating Income: $65,437.00
  • Insurance Expense: $2,703.00

Property History for 714 Smith Street

DateEvent & SourcePriceAppreciation
May 21, 2026

Pending

Greator Scranton Board of REALTORS #SC261162

—
Mar 24, 2026

Listed (Active)

Greator Scranton Board of REALTORS #SC261162

$650,000—
Oct 27, 2009

Closed (Public Record)

Public Record #282878568

$135,000—
DateEvent & SourcePrice
05/21/2026

Pending

Greator Scranton Board of REALTORS #SC261162

—
03/24/2026

Listed (Active)

Greator Scranton Board of REALTORS #SC261162

$650,000
10/27/2009

Closed (Public Record)

Public Record #282878568

$135,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 714 Smith Street

Taxable ValueLand$41,590Additions$482,840Total$524,430
Tax Record2026$89,929 ($7,494 / month)
Home Facts
Total Finished SqFt6,221 SqFtAbove Grade Finished SqFt6,221 SqFtLot Size8,460 SqFtStyleQuadraplexYear Built1940CountyLACKAWANNAAPN14620010052

Schools near 714 Smith Street

This home is within Dunmore School District.
Rating
School
Type
Grades
Distance
Dunmore El Center
Public - K to 6
Dunmore Junior-Senior High School
Public - 7 to 12
St. Mary of Mount Carmel School
Private - PK to 8
St. Anthony Elementary School
Private - PK to 8
Rating
School
Distance
Dunmore El Center
PublicK to 6

Dunmore Junior-Senior High School
Public7 to 12

St. Mary of Mount Carmel School
PrivatePK to 8

St. Anthony Elementary School
PrivatePK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Listing Courtesy of Revolve Real Estate

Based on information submitted to the MLS GRID as of 05/21/2026 04:47 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. Use of the MLS GRID data may be subject to an end user license agreement prescribed by the applicable MLS of the Member Participant, if any, and as amended from time to time.