506-508 Harrison Avenue

Scranton, PA 18510

$215,000
Price
6
Beds
3
Baths
1,206 Sq. Ft.
$178 / Sq. Ft.
1,206
Sq. Ft.
$178
per Sq. Ft.

Description

Discover this fantastic 2-unit property that presents a lucrative investment opportunity for savvy buyers. Both units boast spacious layouts with a wealth of potential. Unit 508- Generous 3 bedrooms and 1 & 1/2 baths provide ample space for comfortable living. The third floor offers 3 additional rooms, just waiting for your personal touch to unlock their full potential. Unit 506- This unit is a canvas for creative updating and customization. Equipped with 3 bedrooms and 1 full bath, it offers comfortable...Discover this fantastic 2-unit property that presents a lucrative investment opportunity for savvy buyers. Both units boast spacious layouts with a wealth of potential. Unit 508- Generous 3 bedrooms and 1 & 1/2 baths provide ample space for comfortable living. The third floor offers 3 additional rooms, just waiting for your personal touch to unlock their full potential. Unit 506- This unit is a canvas for creative updating and customization. Equipped with 3 bedrooms and 1 full bath, it offers comfortable and convenient living. The third floor also provides expansive space with 3 extra rooms, offering endless possibilities for future use. This property is Section 8 approved, making it an attractive option for tenants seeking quality housing. Both units are currently occupied, providing immediate rental income to the investor. With a little vision and TLC, you can transform this property into a cash-flow powerhouse. Whether you're an experienced investor or looking to start your investment portfolio, this property offers a wealth of opportunities. Set up your Showing today!
  1. Listed by Christopher Morton • Valor Realty

Property Details for 506-508 Harrison Avenue

Architectural Style
Duplex Side by Side
Subdivision
Other
Parking Total
2.0

Location

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LISTING UPDATED: 12/05/2023 05:22 PM

Property Details for 506-508 Harrison Avenue

StatusActive
MLS #23-4153
Days on Market238
Taxes$4,156 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Multi-Family
Year Built1920
Lot Size0.07 AC / 3,049 SF
CountyLackawanna County

Location

Listing Courtesy of Valor Realty
Add your commute

Building Information for 506-508 Harrison Avenue

Stories3Residences2Year Built1920Building Size-Lot Size0.07 AC / 3,049 SF

Payment Calculator

$1,520 per month

30 year fixed, 7.25% Interest

Principal and Interest

$1,173

Property Taxes

$346

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 506-508 Harrison Avenue

Summary
Location and General Information
  • Road Surface Type: Paved
  • Region: East Mountain
  • Municipality: Scranton City
  • Directions: From 81 North, take exit 184 River St. turn left, right at light at Meadow Ave, left at light onto Moosic, right on Harrison, home on right.
  • MLS Area Major: Scranton City
  • City: Scranton
  • State/Province: PA
  • Postal Code: 18510
  • County: Lackawanna
  • Latitude: 41.403724
  • Longitude: -75.646884
  • MLS Area Minor: Scranton City
  • Road:Public: Municipal
Taxes and HOA Information
  • Tax Book Number: 0360/0849
  • Association Fee: $.00
  • Tax Assessed Value: 13000
  • Tax Year: 2023
  • Parcel Number: 15710020047
  • Tax Annual Amount: $4,155.87
  • Tax Other Annual Assessment Amount: $3,800.00
Parking
  • Garage Spaces: .00
  • Driveway:None: Yes
School Information
  • School District: Scranton
Property
Lot Information
  • Lot Size Acres: .07
  • Lot Size Dimensions: 40X82
  • Building Area Total: 1206.0
  • Lot Features: Rented
  • Lot Size Area: 0.07
  • Lot Size Units: Acres
  • Lot Size Square Feet: 3049.2
  • Number of Buildings: 1
  • Below Grade Finished Area: 0.0
  • Property Information:SqFt Below Grade Unf: 421.0
  • Property Information:Road Frontage: 40.00
  • Lot Description:Rented: Yes
  • Road:Paved: Yes
Property and Assessments
  • Property Information:Basement: Full
  • Property Type: Multi-Family
  • Year Built: 1920
  • Property Type Label: Multi-Family
  • Documents Available: Seller's Disclosure, Lead Paint Disclosure
  • Construction Materials: Wood
  • Property Information:Realtor.com Type: Multi-Family
  • Property Information:Tracts(Seprt Deeds): No
Utilities
  • Sewer: $.00
  • Water Source: Public
Interior and Exterior Features
Interior Features
  • Stories: 3
  • Cooling: Window Unit AC
  • Bathrooms Total (Integer): 0
  • Bathrooms Total (Decimal): .00
  • Bathrooms Total (Notational): .00
  • Cooling: Yes
  • Fireplaces Total: 1
  • Fireplace: Yes
  • Property Information:Stories: 3.00
  • Cooling:Window Unit AC: Yes
Multi Family
Multi-Family Information
  • Number Of Units Total: 2
  • Unit Breakdown:Total Units: 2
Income & Expenses Information
  • Operating Expense: $16,141.00
  • Electric Expense: $.00
  • Water Sewer Expense: $.00
  • Gross Income: $28,500.00
  • Net Operating Income: $12,358.00
  • Insurance Expense: $2,339.00
  • Trash Expense: $600.00
  • Fuel Expense: $.00
Unit 1
  • Unit 1:# Baths: 1.50
  • Unit 1:# Bedrooms: 3
  • Unit 1:Dining Room: Yes
  • Unit 1:Dishwasher: No
  • Unit 1:Kitchen: Yes
  • Unit 1:Living Room: Yes
  • Unit 1:Rent/Month $: 1225
  • Unit 1:SqFt: 1205
  • Unit 1:Stove: Yes
  • Unit 1:Unit ID: 506
  • Unit 1:Washer/Dryer: None
Unit 2
  • Unit 2:# Baths: 1.00
  • Unit 2:# Bedrooms: 3
  • Unit 2:Dining Room: Yes
  • Unit 2:Kitchen: Yes
  • Unit 2:Living Room: Yes
  • Unit 2:Refrigerator: Yes
  • Unit 2:Rent/Month $: 1150
  • Unit 2:SqFt: 1205
  • Unit 2:Unit ID: 508

Property History for 506-508 Harrison Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 506-508 Harrison Avenue

Taxable ValueLand$3,800Additions$9,200Total$13,000
Tax Record2023$4,156 ($346 / month)
Home Facts
Lot Size3,280 SqFtStyleQuadraplexCountyLACKAWANNAAPN15710020047

Schools near 506-508 Harrison Avenue

This home is within Scranton School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Private - PK to 10
Rating
School
Distance
William Prescott #38
PublicPK to 5

Northeast Intrmd School
Public6 to 8

Scranton High School
Public9 to 12

Friendship House
PrivatePK to 10

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.

Similar Homes

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506-508 Harrison Avenue is a multi-family home for sale in Scranton, PA 18510. This property was listed for sale on September 26, 2023 by Valor Realty, it's currently listed at $215,000. This listing's school district is Scranton School District. Nearby schools include William Prescott #38, Northeast Intrmd School and Scranton High School. 506-508 Harrison Avenue is a 6-bed, 3-bath, 1,206 sqft multi-family home built in 1920.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Valor Realty

Based on information from one of the following Multiple Listing Services: BRIGHT, Greator Scranton Board of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by BRIGHT, Greator Scranton Board of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.