416 W Lackawanna Ave Olyphant, PA 18447
Estimated payment $1,320/month
Total Views
6,607
4
Beds
3.5
Baths
1,800
Sq Ft
$117
Price per Sq Ft
About This Home
Calling all investors. This property is a golden opportunity to the savvy Investor. This property is located in the downtown City of Olyphant , and on the main Thorofare of Lackawanna Ave. This property has 1 commercial store front with public Laundry Mat, all equipment included, and it generates consistent income. The property also has 3 apartments. Two 1 bedroom apartments fully rented below market value, and a Two bedroom, currently unrented and in need of renovations, upon completion of repairs, it will generate the most significant rent of the entire property. See the details section for income and expenses. Don't delay call Jeff Today.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,878
Year Built
- Built in 1930
Lot Details
- 2,614 Sq Ft Lot
- Lot Dimensions are 20x120
Home Design
- Mixed Use
- Combination Foundation
- Permanent Foundation
- Frame Construction
- Vinyl Siding
- Concrete Perimeter Foundation
Interior Spaces
- 1,800 Sq Ft Home
- 2-Story Property
- Living Room
- Unfinished Basement
- Dirt Floor
- Free-Standing Electric Range
Bedrooms and Bathrooms
- 4 Bedrooms
Utilities
- No Cooling
- Heating System Uses Steam
- Heating System Uses Natural Gas
- 200+ Amp Service
- Natural Gas Connected
Additional Features
- Rain Gutters
- City Lot
Listing and Financial Details
- Assessor Parcel Number 11410050030
- Tax Block 20
- $9,000 per year additional tax assessments
Community Details
Overview
- 4 Units
Building Details
- 2 Separate Electric Meters
- 1 Separate Gas Meter
- 1 Separate Water Meter
- Oral Lease Type
- Electric Expense $1,886
- Insurance Expense $806
- Maintenance Expense $696
- Water Sewer Expense $2,018
- Operating Expense $8,802
- Gross Income $21,900
- Net Operating Income $13,098
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $2,173 | $9,000 | $2,000 | $7,000 |
| 2024 | $1,830 | $9,000 | $2,000 | $7,000 |
| 2023 | $1,830 | $9,000 | $2,000 | $7,000 |
| 2022 | $1,780 | $9,000 | $2,000 | $7,000 |
| 2021 | $1,780 | $9,000 | $2,000 | $7,000 |
| 2020 | $1,753 | $9,000 | $2,000 | $7,000 |
| 2019 | $1,663 | $9,000 | $2,000 | $7,000 |
| 2018 | $1,632 | $9,000 | $2,000 | $7,000 |
| 2017 | $1,632 | $9,000 | $2,000 | $7,000 |
| 2016 | $1,019 | $9,000 | $2,000 | $7,000 |
| 2015 | -- | $9,000 | $0 | $0 |
| 2014 | -- | $9,000 | $0 | $0 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/19/2025 06/19/25 | Pending | -- | -- | -- |
| 06/12/2025 06/12/25 | For Sale | $210,000 | -- | $117 / Sq Ft |
Source: Greater Scranton Board of REALTORS®
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $7,000 | None Listed On Document | |
| Deed | $85,500 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $40,200 | Commercial | |
| Previous Owner | $5,000 | Commercial |
Source: Public Records
Similar Home in Olyphant, PA
Source: Greater Scranton Board of REALTORS®
MLS Number: GSBSC252899
APN: 11410050030
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Information provided by the Greater Scranton Board of REALTORS® MLS. Information is for consumer’s personal noncommercial use, and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing. Consult the specific municipality for permitted Zoning uses.
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