207 Milwaukee Avenue, Old Forge, PA 18518 (MLS# 25-2470)

207 Milwaukee Avenue, Old Forge, PA 18518

$594,000

Property Type: Residential Income Square Footage: 7,500 Status: Active

Current Price: $594,000 List Date: 5/22/2025 Last Modified: 3/12/2026

Overview

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

Listing Details MLS# 25-2470

Location, Tax & Legal

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
Zoning: Multi-Family
PIN #: 18407020072
DB/Record Book: 2023
Page: 08799
Total County Assmnt: 21500
Est County Tax: 1825
Est Total Tax: 5855

Listing Information

Limited Service: No

Property Information

Property Sub Type: Multiple Buildings
Realtor.COM Type: Multi-Family
Style: Multiple Buildings
Aprx Total SF: 7500
Est Age Range: 51 - 75 Yrs
# Spaces off-Street: 20
Parking: Off-Street

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.

Expenses

Annual Gross Income: 80940
Annual Water Exp: 4800
Annual Sewer Exp: 1971.5
Annual Real Est Tax: 5855.28
Annual Fire/Liabilty: 2452
Total Annl Expenses: 15078.78
Anl Net Inc b/4 Debt: 65861.22
Annual Electric Exp: 0
Annual Gas Exp: 0
Annual Othr Fuel Exp: 0
Annual Garbage Remvl: 0
Annual Flood Ins: 0
Annual Lawn Maint.: 0
Annual Snow Removal: 0
Annual Other Misc: 0

More Information

Unit 1 Info

Unit #: 205
Approx SF: 1000
# Rooms: 4
Monthly Rent: 975
# Bedrooms: 2
Kitchen Style: Semi-Modern
# Baths: Yes
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: Yes
Kitchen Style: Semi-Modern
# Baths: Yes
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: Yes
Kitchen Style: Semi-Modern
# Baths: Yes
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: Yes
Kitchen Style: Semi-Modern
# Baths: Yes
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: Yes
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: Yes
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: Yes
Kitchen Style: Semi-Modern
# Baths: Yes
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: Yes
Kitchen Style: Semi-Modern
# Baths: Yes
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

Exclude: Tenants personal belongings.
Hot Sheet Comment: price

Heat Fuel Type

Electric: Yes

Interior Finish

Drywall: Yes

Heat Type

Electric Baseboard: Yes

Condition

Good: Yes

AC Type

None: Yes

Water

Public: Yes

Exterior

Aluminum: Yes

Sewer

Public: Yes

Roof

Comp Shingle: Yes

Basement

Full Unfinished: Yes

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: March - 12 - 2026

Information deemed reliable but not guaranteed.

One home for you!

MLS Listing