Two-Unit Residential Income
607 S Valley Avenue Olyphant, PA 18447
For Sale
$219,000
MULTI_FAMILY - Olyphant, PA
Property Size1,992 SF
Lot Size0.07 Acres
Price / SF$109.94
Days on Market182
Property Features for 607 S Valley Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- Residential
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bedroom 4, Bedroom 3, Basement, Bedroom 1, Bathroom 1, Bedroom 2, Bathroom 2
- Patio and Porch features
- Porch
- Interior features
- Eat-in Kitchen, Laminate Counters
- Exterior features
- Awning(s)
- Basement
- Full, Unfinished, Concrete, Crawl Space
- Appliances
- Electric Range, Washer, Refrigerator
- Standard status
- Active
- APN
- 11418020019
- Size
- 1,992 SF
- Lot size
- 0.07 Acres
Taxes and HOA fees
- Tax Annual Amount
- 1488
Utilities
- Sewer type
- Public Sewer
- Heating system
- Hot Water(Heating), Natural Gas
- Cooling system
- Ceiling Fan(s)
- Water source
- Public
Building Details
- Year built
- 1912
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Carpet, Linoleum, Vinyl
Listing Agency:
Davis R. Chant - Lake Wallenpaupack
(570) 226-4518
Listed By:
William Clauss · License #AB068616
(570) 470-4658
Added: Jan 23
Changed: Jul 24
Last Checked: Jul 24 at 3:06PM
MLS# PW-260150
Copyright © 2026 Pike/Wayne Association of Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This property presents a two-unit residential income setup with two distinct living configurations on a single lot. Unit 1 is a two-story layout featuring a large living area, a dedicated dining room, and a kitchen on the main floor, with three bedrooms and a full bathroom upstairs. Unit 2 offers a ranch-style floor plan with one bedroom, a large eat-in kitchen, and two additional flexible living or dining areas.
Located at 607 S Valley Avenue in Olyphant, PA 18447, the property is described as being minutes from local shopping, dining, major employment hubs, and entertainment.
The home is positioned as a value-add opportunity with the need for cosmetic sprucing and updates, providing an opportunity to tailor interior finishes and improvements to the buyer’s preferences.
Located at 607 S Valley Avenue in Olyphant, PA 18447, the property is described as being minutes from local shopping, dining, major employment hubs, and entertainment.
The home is positioned as a value-add opportunity with the need for cosmetic sprucing and updates, providing an opportunity to tailor interior finishes and improvements to the buyer’s preferences.
Key Highlights
- Two‑unit multi‑family home on a single lot with Unit 1 (2‑story) and Unit 2 (ranch‑style) floor plans
- Unit 1 layout: main floor living area, dedicated dining room, kitchen; upstairs has 3 bedrooms and a full bathroom
- Unit 2 layout: 1 bedroom with a large eat‑in kitchen plus two flexible living/dining areas
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $25.1k | $12.60 |
| − Vacancy | −$1.6k | −$0.82 |
| EGI | $23.5k | $11.78 |
| − OpEx | −$7.0k | −$3.53 |
| NOI | $16.4k | $8.25 |
1,992 SF · lease $12.60/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$234.7K
$205.3K – $273.8K
NOI $16,427 @ 7.0% cap · market cap 7.50%
Second Best
Apartment 5plus
$219.4K
$192.0K – $256.0K
NOI $15,357 @ 7.0% cap · market cap 7.01%
Theoretical Best
Office A
$505.6K
$442.4K – $589.9K
NOI $35,392 @ 7.0% cap · market cap 16.16%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Two distinct units sit on one lot, offering a two-story unit and a ranch-style unit that are ready for updates.
Where is this duplex located?
The property is located at 607 S Valley Avenue Olyphant, PA.
What is the asking price?
The asking price for this property is $219,000.
What are key features of this property?
This property features: Two‑unit multi‑family home on a single lot with Unit 1 (2‑story) and Unit 2 (ranch‑style) floor plans; Unit 1 layout: main floor living area, dedicated dining room, kitchen; upstairs has 3 bedrooms and a full bathroom; Unit 2 layout: 1 bedroom with a large eat‑in kitchen plus two flexible living/dining areas
