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627-629 Prescott ave - New Build: 2 Duplexes(4 units) in Scranton 4 Unit Apartment Building Offered at $1,163,920 CAD at a 9.34% Cap Rate Scranton, PA 18510
Executive Summary
627 & 629 Prescott Ave, Hill Section. Package sale: 2 brand-new duplexes, 4 units, separate deeds. $6,575/mo combined ($78,900/yr gross); tenants pay utilities. Opportunity Zone. LERTA tax abatement approved: major tax savings vs. non-abated new construction. FHA/VA eligible. Priced below replacement cost. Ideal for OZ investors or owner-occupants.
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $1,163,920 CAD | Building Size | 3,928 SF |
| Price Per Unit | $290,980 CAD | Average Occupancy | 100% |
| Sale Type | Investment | No. Stories | 1 |
| Cap Rate | 9.34% | Year Built | 2024 |
| No. Units | 4 | Opportunity Zone |
Yes
|
| Property Type | Multifamily |
| Price | $1,163,920 CAD |
| Price Per Unit | $290,980 CAD |
| Sale Type | Investment |
| Cap Rate | 9.34% |
| No. Units | 4 |
| Property Type | Multifamily |
| Building Size | 3,928 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 2024 |
| Opportunity Zone |
Yes |
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Moderately walkable
70/100
Moderately drivable
60/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 15706020046 | Improvements Assessment | $462,964 CAD (2026) |
| Land Assessment | $16,726 CAD (2026) | Total Assessment | $479,691 CAD (2026) |
Property Taxes
Parcel Number
15706020046
Land Assessment
$16,726 CAD (2026)
Improvements Assessment
$462,964 CAD (2026)
Total Assessment
$479,691 CAD (2026)
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627-629 Prescott ave - New Build: 2 Duplexes(4 units) in Scranton
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