714 Smith St Dunmore, PA 18512
Estimated payment $3,818/month
Highlights
- Hot Property
- Central Air
- Dining Room
- Living Room
About This Home
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.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,805
Year Built
- Built in 1930
Lot Details
- 8,276 Sq Ft Lot
- Lot Dimensions are 60x141
Interior Spaces
- 6,000 Sq Ft Home
- 2-Story Property
- Living Room
- Dining Room
- Unfinished Basement
Bedrooms and Bathrooms
- 14 Bedrooms
- 6 Full Bathrooms
Utilities
- Central Air
Listing and Financial Details
- Assessor Parcel Number 14620010052
Community Details
Overview
- 2 Buildings
- 6 Units
Building Details
- Insurance Expense $2,700
- Water Sewer Expense $1,560
- Gross Income $73,800
- Net Operating Income $61,200
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| 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 |
|---|---|---|---|---|
| 2025 | $4,327 | $14,500 | $2,050 | $12,450 |
| 2024 | $3,700 | $14,500 | $2,050 | $12,450 |
| 2023 | $3,700 | $14,500 | $2,050 | $12,450 |
| 2022 | $3,471 | $14,500 | $2,050 | $12,450 |
| 2021 | $3,401 | $14,500 | $2,050 | $12,450 |
| 2020 | $3,401 | $14,500 | $2,050 | $12,450 |
| 2019 | $3,253 | $14,500 | $2,050 | $12,450 |
| 2018 | $3,200 | $14,500 | $2,050 | $12,450 |
| 2017 | $3,107 | $14,500 | $2,050 | $12,450 |
| 2016 | $1,637 | $14,500 | $2,050 | $12,450 |
| 2015 | -- | $14,500 | $2,050 | $12,450 |
| 2014 | -- | $14,500 | $2,050 | $12,450 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/24/2026 03/24/26 | For Sale | $650,000 | 0.0% | $108 / Sq Ft |
| 01/14/2026 01/14/26 | For Rent | $1,400 | -91.8% | -- |
| 03/24/2023 03/24/23 | Rented | $17,116 | +1122.6% | -- |
| 12/29/2022 12/29/22 | Price Changed | $1,400 | -6.7% | $1 / Sq Ft |
| 11/17/2022 11/17/22 | For Rent | $1,500 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $135,000 | None Available |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $95,000 | Commercial |
Source: Greater Scranton Board of REALTORS®
MLS Number: GSBSC261162
APN: 14620010052
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Ask me questions while you tour the home.