$425,000
PENDING

702 E Elm St Scranton, PA 18505

South Side Neighborhood

Estimated payment $2,536/month

Total Views 2,497
4 Beds
2 Baths
2,344 Sq Ft
$181 Price per Sq Ft

About This Home

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 Agent

Jennifer de Jesus

Steel City Realty License #RM423820 Listed on: 07/13/2026

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,429

Year Built

  • Built in 2025

Parking

  • 2

Home Design

  • 2,344 Sq Ft Home
  • Duplex
  • Fire Rated Drywall
  • Asbestos Shingle Roof
  • Vinyl Siding

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Additional Features

  • Lot Dimensions are 96x50
  • Forced Air Heating and Cooling System

Listing and Financial Details

  • $336,030 per year additional tax assessments

Community Details

Overview

  • 2 Units

Building Details

  • Real Estate Tax Expense $2,429
  • Gross Income $43,800
  • Net Operating Income $40,601

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,429

Year Built

Built in 2025

Lot Details

0 Sq Ft Lot

Parking

2

Listing Details

  • 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
  • Prop. Type: Residential Income
  • Year Built: 2025
  • Unit1InfoHeatInRent: N
  • Unit1InfoHotWaterInRent: N
  • Property Sub Type: Duplex
  • Lot Size: 96X50
  • Co List Office Mls Id: 9052
  • Co List Office Phone: 484-895-9005
  • Subdivision Name: None
  • AC Type: Central
  • Listing Information: 3rd Party/REO Owner: Not Applicable
  • Listing Information: Bank Owned/REO: No
  • UnitTypeElectricInRentYN: No
  • UnitTypeHeatInRent: No
  • UnitTypeSewerInRent: No
  • UnitTypeWaterInRent: No
  • UnitTypeElectricInRentYN: No
  • UnitTypeHeatInRent: No
  • UnitTypeSewerInRent: No
  • UnitTypeWaterInRent: No
  • Unit 1 Info: Water in Rent: N
  • Unit 2 Info: Electric in Rent: N
  • Unit 2 Info: Heat in Rent: N
  • Unit 2 Info: Sewer in Rent: N
  • Special Features: NewHome

Interior Features

  • Has Basement: None
  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • Interior Finish: Drywall

Exterior Features

  • Roof: Asbestos Shingle
  • Construction Type: Vinyl Siding
  • Exterior: Vinyl
  • Roof: Asbestos Shingles

Utilities

  • Sewer: Public Sewer
  • Water Source: Public
  • Heat Fuel Type: Electric
  • Heat Type: Forced Air
  • Sewer: Public

Schools

  • Junior High Dist: Scranton

Lot Info

  • Zoning: Apartment Residential

Tax Info

  • Tax Year: 2026
  • Tax Annual Amount: 2429.49
  • Tax Book Number: 202402266
  • Tax Other Annual Assessment Amount: 336030.0

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 43800.0
  • Property Net Operating Income: 40600.51

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2026 $53,761 $336,030 $30,370 $305,660
2025 $85 $175 $175 $0
2024 $80 $175 $175 $0
2023 $502 $1,100 $1,100 $0
2022 $491 $1,100 $1,100 $0
2021 $491 $1,100 $1,100 $0
2020 $485 $1,100 $1,100 $0
2019 $460 $1,100 $1,100 $0
2018 $460 $1,100 $1,100 $0
2017 $455 $1,100 $1,100 $0
2016 $256 $16,900 $1,100 $15,800
2015 $3,033 $16,900 $1,100 $15,800
2014 -- $16,900 $1,100 $15,800
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
07/25/2026 07/25/26 Pending -- -- --
07/13/2026 07/13/26 For Sale $425,000 -- $181 / Sq Ft
Source: Luzerne County Association of REALTORS®

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Type Sale Price Title Company
Public Action Common In Florida Clerks Tax Deed Or Tax Deeds Or Property Sold For Taxes $2,578 Land Title
Quit Claim Deed -- Land Title Services
Sheriffs Deed $1,073 None Available
Deed $123,000 None Available
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Loan Amount Loan Type
Open $304,000 Construction
Previous Owner $98,400 New Conventional
Source: Public Records

Source: Luzerne County Association of REALTORS®

MLS Number: 26-3366

APN: 16708020010

Pennsylvania Lackawanna County Scranton 18505 South Side

702 E Elm St, Scranton, PA

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Jennifer de Jesus
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Steel City Realty
(272) 204-4830
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