702 Prospect Ave Scranton, PA 18505
South Side NeighborhoodEstimated payment $2,200/month
Highlights
- Brick Exterior Construction
- Forced Air Heating and Cooling System
- Hot Water Heating System
About This Home
Prime South Side Investment Opportunity! Located on a highly visible corner at 702 Prospect Ave, this solid, well-built property boasts excellent curb appeal. The first floor features a spacious commercial storefront with central air. Featuring two updated residential apartments (First floor 2 bedrooms) (Second floor 4 bedrooms), perfect for generating immediate rental income. Partially finished basement offers the opportunity of additional living space.
This turn-key building has undergone extensive renovations, including new windows, new flooring, fresh sheetrock.
With separate electric meters already in place, this is a hassle-free addition to any investment portfolio!
Schedule your private tour today!!! Se Habla Español.
Listing Agent
Christian Saunders Real Estate License #RS382768 Listed on: 07/24/2026
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,005
Year Built
- Built in 1920
Lot Details
- Lot Dimensions are 50x70
Home Design
- 4,400 Sq Ft Home
- Brick Exterior Construction
- Fire Rated Drywall
- Composition Shingle Roof
- Rubber Roof
- Aluminum Siding
Bedrooms and Bathrooms
- 6 Bedrooms
- 4 Full Bathrooms
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Gas
- Hot Water Heating System
- Electric Baseboard Heater
Listing and Financial Details
- $11,700 per year additional tax assessments
Community Details
Overview
- 3 Units
Building Details
- Electric Expense $3,600
- Fuel Expense $3,600
- Water Sewer Expense $4,200
- Real Estate Tax Expense $5,005
- Gross Income $61,200
Map
Home Values in the Area
Average Home Value in this Area
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 | $30,491 | $190,580 | $40,200 | $150,380 |
| 2025 | $5,005 | $15,000 | $3,300 | $11,700 |
| 2024 | $4,586 | $15,000 | $3,300 | $11,700 |
| 2023 | $4,586 | $15,000 | $3,300 | $11,700 |
| 2022 | $4,486 | $15,000 | $3,300 | $11,700 |
| 2021 | $4,486 | $15,000 | $3,300 | $11,700 |
| 2020 | $4,405 | $15,000 | $3,300 | $11,700 |
| 2019 | $4,147 | $15,000 | $3,300 | $11,700 |
| 2018 | $4,147 | $15,000 | $3,300 | $11,700 |
| 2017 | $4,077 | $15,000 | $3,300 | $11,700 |
| 2016 | $1,359 | $15,000 | $3,300 | $11,700 |
| 2015 | $3,092 | $15,000 | $3,300 | $11,700 |
| 2014 | -- | $15,000 | $3,300 | $11,700 |
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 |
|---|---|---|---|---|
| 07/24/2026 07/24/26 | For Sale | $325,000 | -- | $74 / Sq Ft |
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 |
|---|---|---|---|
| Deed | $15,000 | None Available | |
| Deed | -- | None Available |
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 |
|---|---|---|---|
| Previous Owner | $10,000 | Future Advance Clause Open End Mortgage |
Source: Luzerne County Association of REALTORS®
MLS Number: 26-3634
APN: 15620020033
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Ask me questions while you tour the home.