$775,000
Old Forge, PA 18518
MLS# 26-5209
1 / 24
Property Description
Two-parcel investment package in Old Forge. 880-884 W Oak is a fully occupied 7-unit, all 2BR apartments, with separate heat and electric. The adjacent parcel holds a 3-unit structure with fire damage, ready for rebuild. Construction bids on file. Buy the income today and add three more doors on a lot you already own. Sold together. Investor-ready cash flow with built-in expansion.
Details
Maps
Listing Information
Limited Service: No
Current Price: $775,000
List Price: $775,000
List Date: 2026-09-18
Property Information
Realtor.COM Type: Multi-Family
Est Age Range: 76 - 100 Yrs
Lot Size: 68X175X88X175
Garage Type: Other - See Remarks
# Spaces off-Street: 10
Parking: Off-Street
Property Sub Type: Multi Family
Location, Tax & Legal
Zoning: Apartment Residential
PIN #: 16519040021 & 16519040020
DB/Record Book: 202011839
Page: 0
Total County Assmnt: 327970
Est County Tax: 2389.37
Est Total Tax: 6843.23
Tax Year: 2026
House # (1): 880
Street Direction Pfx: W
Street Name: Oak
Street Suffix: Street
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
Hot Sheet Comment: new
Showing Instructions
Contact Showing Service - See Remarks: 1
Expenses
Annual Gross Income: 88500
Annual Electric Exp: 1200
Annual Gas Exp: 0
Annual Othr Fuel Exp: 0
Annual Water Exp: 5600
Annual Sewer Exp: 0
Annual Real Est Tax: 6843
Annual Fire/Liabilty: 2407
Annual Flood Ins: 0
Annual Lawn Maint.: 0
Annual Snow Removal: 0
Annual Other Misc: 0
Total Annl Expenses: 16950
Anl Net Inc b/4 Debt: 71550
Heat Fuel Type
Gas: 1
Interior Finish
Drywall: 1
Heat Type
Forced Air: 1
Condition
Good: 1
AC Type
None: 1
Water
Public: 1
Exterior
Vinyl: 1
Sewer
Public: 1
Roof
Other - See Remarks: 1
Basement
Partially Finished: 1
Unfinished: 1
Unit 1 Info
Unit #: 1
Approx SF: 850
# Rooms: 5
Monthly Rent: 995
# Bedrooms: 2
Kitchen Style: 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: N
Unit 2 Info
Unit #: 2
Approx SF: 850
# Rooms: 5
Monthly Rent: 995
# Bedrooms: 2
Kitchen Style: 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: N
Unit 3 Info
Unit #: 3
Monthly Rent: 1250
Unit 4 Info
Unit #: 4
Monthly Rent: 1195
Unit 5 Info
Unit #: 5
Monthly Rent: 995
Unit 6 Info
Unit #: 6
Monthly Rent: 1195
Unit 7 Info
Unit #: 7
Monthly Rent: 995
Remarks Directions
Directions: From Wilkes-Barre: Get on PA-309 S from Wilkes-Barre Blvd.
Take I-81 N to US-11 S/Birney Ave in Moosic. Take exit 180. Take Moosic Rd to S Main St in Old Forge.
Status Change Information
Status: Active
Property Features
Showing Instructions: Contact Showing Service - See Remarks
Heat Fuel Type: Gas
Heat Type: Forced Air
AC Type: None
Condition: Good
Exterior: Vinyl
Roof: Other - See Remarks
Interior Finish: Drywall
Water: Public
Sewer: Public
Basement: Partially Finished; Unfinished
Listing Office: Steel City Realty
Listing Agent: Jennifer de Jesus
Last Updated: October - 07 - 2026
Information deemed reliable but not guaranteed.