$594,000
Old Forge, PA 18518
MLS# 25-2470
7500 sqft
1 / 49
Property Description
Cash flow and equity gains on this 8 unit property in old forge! 7/8 units are leased. Multiple units have been modernized. Own the entire corner lot featuring: a 5 unit, a 2 unit, and a mobile home. Ample off street parking and convenient location to both the Wilkes barre and scranton metro areas make this property a great pick to add to your portfolio. Call today to schedule a private tour
Details
Maps
Listing Information
Limited Service: No
Current Price: $594,000
List Price: $594,000
List Date: 2025-05-21
Property Information
Realtor.COM Type: Multi-Family
Style: Multiple Buildings
Est Age Range: 51 - 75 Yrs
Lot Size: 167X177X150X103
# Spaces off-Street: 20
Parking: Off-Street
Property Sub Type: Multiple Buildings
Aprx Total SF: 7500
Location, Tax & Legal
Zoning: Multi-Family
PIN #: 18407020072
DB/Record Book: 2023
Page: 08799
Total County Assmnt: 21500
Est County Tax: 1825
Est Total Tax: 5855
House # (1): 207
Street Name: Milwaukee
Street Suffix: Avenue
City (Post Office): Old Forge
State/Province: PA
Zip Code: 18518
County: Lackawanna
MLS Area: Misc Out of County
School District: Old Forge
Municipality: Old Forge
Develop/Subdivision: None
Remarks & Directions
Exclude: Tenants personal belongings.
Hot Sheet Comment: price
Expenses
Annual Gross Income: 80940
Annual Electric Exp: 0
Annual Gas Exp: 0
Annual Othr Fuel Exp: 0
Annual Water Exp: 4800
Annual Sewer Exp: 1971.5
Annual Garbage Remvl: 0
Annual Real Est Tax: 5855.28
Annual Fire/Liabilty: 2452
Annual Flood Ins: 0
Annual Lawn Maint.: 0
Annual Snow Removal: 0
Annual Other Misc: 0
Total Annl Expenses: 15078.78
Anl Net Inc b/4 Debt: 65861.22
Heat Fuel Type
Electric: 1
Interior Finish
Drywall: 1
Heat Type
Electric Baseboard: 1
Condition
Good: 1
AC Type
None: 1
Water
Public: 1
Exterior
Aluminum: 1
Sewer
Public: 1
Roof
Comp Shingle: 1
Basement
Full Unfinished: 1
Unit 1 Info
Unit #: 205
Approx SF: 1000
# Rooms: 4
Monthly Rent: 975
# Bedrooms: 2
Kitchen Style: Semi-Modern
# Baths: 1
Lease: Y
Heat in Rent: N
Hot Water in Rent: Y
Electric in Rent: N
Water in Rent: Y
Sewer in Rent: Y
Unit 2 Info
Unit #: 205
Approx SF: 900
# Rooms: 3
Monthly Rent: 825
# Bedrooms: 1
Kitchen Style: Semi-Modern
# Baths: 1
Lease: Y
Heat in Rent: N
Hot Water in Rent: Y
Electric in Rent: N
Water in Rent: Y
Sewer in Rent: Y
Unit 3 Info
Unit #: 207
Approx SF: 900
# Rooms: 3
Monthly Rent: 975
# Bedrooms: 1
Kitchen Style: Semi-Modern
# Baths: 1
Lease: Y
Heat in Rent: N
Hot Water in Rent: Y
Electric in Rent: N
Water in Rent: Y
Sewer in Rent: Y
Unit 4 Info
Unit #: 207
Approx SF: 900
# Rooms: 3
Monthly Rent: 850
# Bedrooms: 1
Kitchen Style: Semi-Modern
# Baths: 1
Lease: Y
Heat in Rent: N
Hot Water in Rent: Y
Electric in Rent: N
Water in Rent: Y
Sewer in Rent: Y
Unit 5 Info
Unit #: 207
Approx SF: 1000
# Rooms: 4
Monthly Rent: 825
# Bedrooms: 2
Kitchen Style: Semi-Modern
# Baths: 1
Lease: Y
Heat in Rent: N
Hot Water in Rent: Y
Electric in Rent: N
Water in Rent: Y
Sewer in Rent: Y
Unit 6 Info
Unit #: 158
Approx SF: 1000
# Rooms: 4
Monthly Rent: 620
# Bedrooms: 2
Kitchen Style: Semi-Modern
# Baths: 1
Lease: Y
Heat in Rent: N
Hot Water in Rent: N
Electric in Rent: N
Water in Rent: N
Sewer in Rent: Y
Unit 7 Info
Unit #: 160
Approx SF: 900
# Rooms: 3
Monthly Rent: 900
# Bedrooms: 1
Kitchen Style: Semi-Modern
# Baths: 1
Lease: Y
Heat in Rent: N
Hot Water in Rent: N
Electric in Rent: N
Water in Rent: N
Sewer in Rent: Y
Unit 8 Info
Unit #: 151
Approx SF: 900
# Rooms: 4
# Bedrooms: 1
Kitchen Style: Semi-Modern
# Baths: 1
Lease: N
Heat in Rent: N
Hot Water in Rent: N
Electric in Rent: N
Water in Rent: N
Sewer in Rent: Y
Remarks Directions
Directions: Exit 180 to Route 11 to Moosic, right on Main St, right on Lonesome Rd, right on S Main St, left on Drakes Lane, property is on the right.
Status Change Information
Status: Active
Property Features
Heat Fuel Type: Electric
Heat Type: Electric Baseboard
AC Type: None
Condition: Good
Exterior: Aluminum
Roof: Comp Shingle
Interior Finish: Drywall
Water: Public
Sewer: Public
Basement: Full Unfinished
Listing Office: RPA Real Estate
Listing Agent: Robert Merante
Last Updated: June - 02 - 2026
Information deemed reliable but not guaranteed.