Pending

507-509 Delaware Avenue

Portland PA, 18351

$485,000


$107.78 per sqft

Pending

5 Beds

6 Baths

4,500 sqft

Multi-family

Built in 1890

Stunning Turnkey Investment Property in Historic Portland This beautifully maintained property offers breathtaking views of the Delaware River and the walking bridge from the second floor. With all units currently rented, this income-producing building features five units in total: three one-bedroom apartments upstairs, a two-bedroom unit on the first floor, and a commercial storefront occupied by a popular chocolate shop. All tenants are long-term and well-established. Recent upgrades include new electrical panel boxes installed in the three upstairs units. Additionally, Unit 2A was fully remodeled in 2022, and Unit 2C underwent renovations when purchased. This property provides an excellent opportunity to add a lucrative asset to your portfolio. Schedule a showing today!

PM-121017

MLS ID

December 23, 2024

Listed

February 20, 2025

Updated

Interior Features

Total Stories

2


Bedrooms

5


Total Bathrooms

6


Fireplace

No


Cooling

Yes


Cooling Description

Wall/Window Unit(s)


Heating

Yes


Heating Description

Baseboard, Electric

Exterior/Building Features

Lot Size

0.08 Acres


Sewer

Public Sewer


Security

Smoke Detector(s)

School Information

School District

Bangor Area

Other Property Details

Area Name

Portland Borough


Taxes

$3,936


Tax Frequency

Annually


Garage

No


Parking

Off Street


Parking Total

5


View

No


County

Northampton


Water Source

Public


Pool

No


Zoning

Other - See Private Remarks

Listing History

Date

Event

Price

1/8/2025

Pending

The information on this sheet has been made available by the Pocono Mountains Association of REALTORS and may not be the listing of the provider.

The information being provided is for consumers' personal, non-commercial use and may not be used for any other purpose other than to identify prospective properties consumers may be interested in purchasing.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 Bob Kelly - Kelly Realty Group shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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