Scranton, PA, 18505
Up-down duplex fixer — 3 bed / 2 bath / 1,800 SF
$109,900 ask | $230–240K ARV — based on 3/2 duplex comps nearby
Investor-friendly market — 10-11% YoY home value growth
Tight inventory in Scranton — properties go under contract in just ~11 days
High yields — Scranton cap rates range 7.2% to 12.8%; 50% homes renter-occupied
Please contact [email protected] for more information.
Property Details
Address: Scranton, PA 18505
Bed / Bath: 3/2
Property Type: Up/Down Duplex (Up - 2/1, Down - 1/1)
Finished Area: 1,800 sq. ft.
Year Built: 1920
Occupancy Status: First floor vacant; second floor will be vacant at closing
Investment Highlights
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Fixer-Upper Opportunity, est. $36 – $43k in renovation costs — Duplex with strong bones and clear upside:
First floor is mid-renovation — kitchen and bathroom are gutted; bedroom is half sheet-rocked and needs flooring and finish work.
Second floor is livable but dated — 20-year-old kitchen and bath offer value-add potential with cosmetic upgrades.
Major systems in good shape — boiler (15 yrs), heater (5 yrs), split electric meters, plumbing intact, solid exterior, minor window repairs needed.
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ARV estimated at $230-240k — Based on recent nearby sales.
719 Hickory St, Scranton, PA 18505 ($138 per SF, 3/2, duplex, sold Aug, 2024)
804 Beech St, Scranton, PA 18505 ($132 per SF, 3/2, duplex, sold Dec, 2024)
High-Impact Value-Add Opportunity — The kitchen and bathroom are clear candidates for a full gut renovation. A modernized layout, new cabinets, appliances, and fixtures, and fresh paint can dramatically boost appeal and resale value, and transform this into a turnkey rental or resale flip.
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Why Buyers & Renters Love the Neighborhood?
Parks just blocks away: Walk to Connell Park for sports, a pool, and dog park; bike the nearby 70-mile Lackawanna River Trail.
Everyday convenience close by: 5 mins to downtown, groceries, dining, and South Side’s own shopping strip on Meadow Ave.
Off-street parking & storage: Driveway fits multiple cars + bonus attic and basement space for storage, hobbies, or future expansion.
Oversized backyard & patio: Deep 40×162 ft lot with a patio — perfect for summer BBQs, play space, or gardening.
Scranton Market Updates
Scranton is seeing strong tailwinds — from population growth and rising home values to tight inventory and buyer demand — making it a high-upside market for flippers and BRRRR investors alike.
LendingOne ranked Scranton #5 nationally for fix-and-flip markets, with recent deals averaging $90K in gross profit and 100% ROI — far outperforming the U.S. average.
Scranton’s on the Rise — More People, More Jobs
The Scranton–Wilkes-Barre metro grew 0.5% in the past year, reversing decades of population decline; Proximity to NYC and Philly — with its much lower cost of living — is driving strong in-migration from high-cost metros.
Scranton is experiencing positive economic development, with major expansions in industrial parks, healthcare, and logistics hubs. Over 3,000 new jobs were added in 2024 alone, with the healthcare sector alone adding 1,900 jobs.
Annual Population Growth (click to enlarge)
After years of population loss, Scranton–Wilkes-Barre posted a 0.53% gain in 2024 — the region’s strongest showing in over a decade. This turnaround reflects a wave of job creation, new industries, and renewed investor confidence.
Homes Are Moving Fast — And So Are Prices (It’s a Flippers’ Market!)
Scranton’s housing market has been on a significant upswing in recent years. The typical home value is around $199,000 as of mid-2025 – notably up ~10–11% in just the past year
Over a 5-year span, home values have appreciated roughly 56% cumulatively (≈9% annually on average)
Demand is tight: homes go under contract in a median of only ~11 days , a sign of a hot market with many eager buyers. Inventory is limited (only ~179 active listings in June 2025), which keeps competition high for available properties
Rents Are Rising — Investors Are Seeing Real Returns
50% of Scranton’s housing units are renter-occupied, with strong, consistent demand — giving investors reliable cash flow and better rent-to-price ratios than most PA metros, ideal for both BRRRR and flip-to-rent strategies.
Importantly for investors, rental yields in Scranton are compelling. The combination of modest home prices and decent rents yields high cap rates: multi-family properties in Scranton typically see cap rates in the 7.2% to 12.8% range.
Scranton’s rents remain very affordable relative to other markets – roughly 40% lower than the U.S. average rent (Scranton $1,250 vs. ~$2,100 nationally). This means upward room for rent growth going forward, especially as the area’s population and employment base expand.
Property Pictures
Reach out to us via email if you’d like to see more photos, videos walkthroughs, and drone shots.
(click to enlarge)
Disclaimer
All information provided herein is deemed reliable but is not guaranteed. Buyers are advised to conduct their own due diligence. Property is being assigned with equitable interest. ARV estimates, rent projections, and renovation recommendations are based on third-party data and investor opinion. Property is sold as-is, where-is. Access subject to seller approval.