$650,000

714 Smith St Dunmore, PA 18512

Estimated payment $3,818/month

Total Views 1,129
14 Beds
6 Baths
6,000 Sq Ft
$108 Price per Sq Ft

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.

Listing Agent

Kate Daye

Revolve Real Estate License #RM425525 Listed on: 03/24/2026

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,805

Year Built

Built in 1930

Lot Details

8,276 Sq Ft Lot

Listing Details

  • Directions: Wheeler Ave to Mill st. Property of CORNER of Mill and Smith.
  • Lot Size Acres: 0.19
  • Prop. Type: Residential Income
  • Building Stories: 2
  • Year Built: 1930
  • Reso Property Sub Type: Multi Family
  • Above Grade Finished Sq Ft: 6000
  • Garage Yn: No
  • New Construction: No
  • AuctionYN: No
  • SchoolTaxAmount: 2095.13
  • EnhancedAcccessible: No
  • WaterExpense: 1560.00
  • GSB_UnitTypeDiningRoomYN: No
  • GSB_UnitTypeLivingRoomYN: Yes
  • GSB_UnitTypeDiningRoomYN: No
  • GSB_UnitTypeLivingRoomYN: Yes
  • GSB_UnitTypeDiningRoomYN: Yes
  • GSB_UnitTypeLivingRoomYN: Yes
  • GSB_UnitTypeDiningRoomYN: No
  • GSB_UnitTypeLivingRoomYN: Yes
  • GSB_UnitTypeDiningRoomYN: No
  • GSB_UnitTypeLivingRoomYN: Yes
  • GSB_UnitTypeDiningRoomYN: No
  • GSB_UnitTypeLivingRoomYN: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Full Bathrooms: 6
  • Total Bedrooms: 14
  • Has Basement: Unfinished
  • Number Of Buildings: 2
  • Basement YN: Yes

Exterior Features

  • Waterfront: No

Utilities

  • Cooling: Central Air

Schools

  • Junior High Dist: Dunmore

Lot Info

  • Zoning: R1
  • Current Use: Residential
  • Lot Dimensions: 60X141
  • Parcel #: 14620010052
  • Zoning Description: Residential

Tax Info

  • Tax Year: 2025
  • New Taxes Expense: 4400
  • Tax Annual Amount: 3804.97
  • Tax Book Number: 0847/0364

Multi Family

  • Number Of Units Total: 6
  • Annual Gross Income: 73800
  • Insurance Expense: 2700

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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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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
Source: Public Records

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 -- --
Source: Greater Scranton Board of REALTORS®

Purchase History

Date Type Sale Price Title Company
Deed $135,000 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $95,000 Commercial
Source: Public Records

Source: Greater Scranton Board of REALTORS®

MLS Number: GSBSC261162

Greater Scranton Board of REALTORS®

APN: 14620010052

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