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

207 Milwaukee Avenue, Old Forge, PA 18518

$599,000

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

Current Price: $599,000 List Date: 5/22/2025 Last Modified: 12/29/2025

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

More Information MLS# 25-2470

Listing Information

Limited Service: No Current Price: $599,000 List Price: $599,000 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: new

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: December - 29 - 2025

Information deemed reliable but not guaranteed.

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MLS Listing