19
Map
704 Connell Street
About This Property
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 18, 2026 | Listed by Lewith & Freeman RE, Inc. | $309,900 | |
| Listed by Lewith & Freeman RE, Inc. | |||
| Feb 1, 2026 | No longer available | - | |
| No longer available | |||
| Jul 15, 2025 | Listed by Lewith & Freeman RE, Inc. | $329,900 | |
| Listed by Lewith & Freeman RE, Inc. | |||
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Unique opportunity to acquire this large vacant residential building lot, that comes with a renovated 7-bay generously-sized garage! Situated on the picturesque end block of Connell St, and conveniently accessible to Interstate 81 and every desired amenity, this gorgeous level and maturely-landscaped lot is THE perfect opportunity for any car enthusiast looking to build a dream home in the heart of South Scranton, or for any developer interested in creating townhomes or apartments for a superior ROI, all while the garage's stable rental income off-sets financial outflow. The property additionally comes with the shipping container, adding extra storage for owner's equipment or otherwise, but you can utilize for additional storage rental space. Once a machine shop, the garage now has a special exception to continue as rental income under the residential zoning. The landscaped portion of the lot is fully fenced. Feel free to drive by but beware of trespassing on property without the listing agent's explicit approval. Call today to find out more!
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| Dec 28, 2023 | Sold | ||
| Sold | |||
Property Highlights
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About South Side
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017