Prime Investment Opportunity in Thriving Downtown Olyphant - Mixed-Use Building!Take advantage of this excellent investment opportunity in the heart of downtown Olyphant! This well-maintained mixed-use property features two commercial storefronts (currently occupied by a salon and a retail shop) along with two residential apartments in the rear--all fully rented and generating immediate cash flow.With a solid gross annual income of $30,000, this property offers a strong and steady return for investors. Recent improvements include a new roof and updated basement with fresh paint and paneling, reducing future maintenance needs.Additional amenities include off-street tenant parking and a detached 20' x 20' garage--perfect for storage or an additional rental opportunity to boost revenue potential.Downtown Olyphant is on the rise, with ongoing development, new businesses, and upscale residential options reshaping the area. This is your chance to invest in a rapidly appreciating location with built-in income and growth potential.Don't miss out--contact us today to schedule a private tour or to learn more about this exceptional mixed-use property!All information and measurements are approximate, not warranted or guaranteed.
For sale
$325,000
207-209 Lackawanna Ave, Olyphant, PA 18447
4beds
704sqft
Est.:
Multi Family, Mixed Use
Built in 1926
-- sqft lot
$-- Zestimate®
$462/sqft
$-- HOA
What's special
- 4 days
- on Zillow |
- 273 |
- 6 |
Zillow last checked: 7 hours ago
Listing updated: April 22, 2025 at 08:01pm
Listed by:
Maurya Moran Wetzel,
Levy Realty Group 570-636-7160
Source: GSBR,MLS#: SC251807

Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
- Full bathrooms: 2
- 1/2 bathrooms: 1
Heating
- Hot Water
Cooling
- None
Appliances
- Included: Built-In Electric Range, Refrigerator, Freezer
Features
- Flooring: Combination
- Basement: Concrete
- Has fireplace: No
- Fireplace features: None
Interior area
- Total structure area: 704
- Total interior livable area: 704 sqft
- Finished area above ground: 704
- Finished area below ground: 0
Property
Parking
- Total spaces: 6
- Parking features: Accessible Parking, Off Street, Private, On Street, Garage, Detached, Driveway, Additional Parking
- Garage spaces: 2
- Uncovered spaces: 4
Features
- Levels: Two
- Stories: 2
- Patio & porch: None
- Pool features: None
- Spa features: None
- Fencing: None
- Frontage length: 30.00
Lot
- Size: 4,356 Square Feet
- Dimensions: 30 x 150
- Features: Other
Details
- Parcel number: 11410040006
- Zoning: R2
- Zoning description: Multi-Family
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Other
- Property subtype: Multi Family, Mixed Use
Materials
- Brick, Vinyl Siding
- Foundation: Permanent
- Roof: Composition,Shingle
Condition
- New construction: No
- Year built: 1926
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available, Water Connected, Sewer Connected, Electricity Connected, Natural Gas Connected, Cable Connected
Community & HOA
Community
- Features: None
HOA
- Has HOA: No
Location
- Region: Olyphant
Financial & listing details
- Price per square foot: $462/sqft
- Tax assessed value: $14,000
- Annual tax amount: $2,920
- Date on market: 4/22/2025
- Listing terms: Cash,Conventional
- Tenant pays: Electricity, Trash Collection, Gas, Hot Water
- Income includes: Storage
- Electric utility on property: Yes
- Road surface type: Paved
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