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2 Beds
3 Baths
1,800 sqft

$425,000

207-209 E Lackawanna Avenue, Olyphant PA, 18447

Price per sqft$236.11
Built in1926
Property size1,800 sqft
Property typeMulti-family
Courtesy of Levy Realty Group, Maurya Moran Wetzel Listing Contact: (570) 636-7160

Overview

Active

Listed Oct 7, 2026

Updated 2 days ago

Welcome to this fantastic investment opportunity located in the heart of downtown Olyphant! This mixed-use building offers a strategic combination of commercial and residential spaces, making it an ideal prospect for savvy investors.Consisting of 2 storefronts (salon and retail) and 2 apartments at the rear, this property is versatile and caters to various business and residential needs. All four units are currently rented, providing immediate income for the new owner. This property generates a robust gross income of $35,00, this property promises a steady and attractive return on investment. The property boasts a recently installed roof, ensuring longevity and minimizing maintenance costs. The basement has also been painted and paneled. Additional features include off-street parking for tenants and well as a detached 20 x 20 garage which can be utilized or rented out for storage, adding an extra dimension to the property's income potential.Recent sales in the vicinity underscore the burgeoning value and potential of this downtown locale. Downtown Olyphant is experiencing a renaissance, with new businesses and high-end residential apartments emerging. This trend contributes to the overall desirability and potential appreciation of the property. Don't miss out on this prime investment opportunity in the flourishing downtown Olyphant area. Whether you're an investor looking for a reliable income stream or someone seeking a strategic commercial-residential mix, this property has it all. Contact us for more information or to schedule a viewing today!All information and measurements are approximate, not warranted or guaranteed.

$2,828/mo

Est. mortgage payment based on a $425,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
SC265024

Interior Features

Bedrooms
2
Bathrooms
3
Heating
Yes
Basement
Yes

Exterior Features

Lot Size
0.1 Acres

Other Property Details

Taxes
$2,661
Tax Frequency
Annually
Garage
Yes
55+/Senior Community
No

Listings courtesy of Greater Scranton Board of REALTORS® as distributed by MLS GRID

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Luxe Homes Real Estate shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Properties displayed may be listed or sold by various participants in the MLS.

Based on information submitted to the MLS GRID as of 3:15 AM UTC on 10/9/2026. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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Greater Scranton Board of REALTORS® . All rights reserved.

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