113 Lackawanna Avenue, Olyphant, PA 18447 (MLS# 25-5205)

$649,000

113 Lackawanna Avenue, Olyphant, PA 18447

7 baths
17,936 sqft

Description

Prime Investment Opportunity 11 CAP ! VALUE ADD PROPERTY Discover this corner 7-unit mixed-use property perfectly positioned on a high-traffic street with excellent visibility and walkability to local restaurants, banks, and shops. This well-maintained building features 5 residential apartments and 2 commercial storefronts, offering a strong and diverse income stream.

Supplements: Several of the apartments have been recently remodeled, providing modern appeal while still leaving room to increase rents currently below market value ideal for investors looking to boost returns. The property boasts an impressive 9% Cap Rate, making it a standout addition to any portfolio. Additional highlights include off-street parking for tenants, a corner lot location that draws consistent foot and vehicle traffic, and long-term potential in a thriving area. Whether you're expanding your investment portfolio or seeking a reliable income-producing asset, this property delivers the perfect mix of location, stability, and upside potential. One vacant store front when rented would increase the NOI to over $70,000 and the cap rate to an 11 now thats a great deal ! Key Features: 7 total units: 5 residential + 2 storefronts Corner property on a busy street High visibility and walkable location Some units newly remodeled Below-market rents = value-add potential Off-street tenant parking Strong 9% Cap Rate rent the vacant store front for an 11 CAP Don't miss this exceptional income opportunity schedule your showing today! 48 hour notice must be given to current tenants for showings Owner has 2 other multi units for sale for a possible portfolio discount.

More Information

Property Sub Type: Mixed Use
Realtor.COM Type: Commercial
Aprx Total SF: 17936
SqFt Other: 5500
Year Built Age: 51 - 75 Yrs
Stories: 2.5
Lot Size: 7,482
# Acres: 0.17
# Spaces Off-Street: 6
Total Bathrooms: 7
Environmental Survey: N
Current Price: $649,000
List Price: $649,000
List Date: 2025-10-14
For Sale: Y
House # (1): 113
Street Name: Lackawanna
Street Suffix: Avenue
City (Post Office): Olyphant
State/Province: PA
Zip Code: 18447
MLS Area: Misc Out of County
County: Lackawanna
Municipality: Olyphant
Develop/Subdivision: None
School District: Mid-Valley
Directions: From PA 347 turn onto S Valley Ave, turns into Lackawanna Ave. turn left onto Hull Ave. Building is on the left.
Status: Active

Property Features

Showing Instructions: Other - See Remarks Heat Fuel Type: Electric; Gas Heat Type: Electric Baseboard; Hot Water Baseboard AC Type: None Water: Public Sewer: Public Exterior: Brick; Wood Condition: Good Roof: Rolled; Rubber Property Features: Display Window; Established Business; High Traffic Area; Rest Rooms Present Use: Apartments; Retail Ceiling Height: 9'1' to 10' Included in Sale: Building; Existing Leases

Property Info

ID: MLS# 25-5205
Type: Commercial Sale
Status: Active
Current Price: $649,000
List Date: 10/15/2025
Listing Office: eXp Realty- Scranton/Wilkes-Barre

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