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    607 S Valley Avenue Olyphant, PA 18447

    View on Map
    For Sale
    $225,000

    MULTI_FAMILY - Olyphant, PA

    Property size:
    1,992 SF
    Lot size:
    0.07 Acres
    Added:
    Jan 23, 2026
    Days on Market:
    67
    Last Refresh:
    Mar 31 at 11:06 pm

    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 1, Bathroom 1, Bedroom 3, Basement, Bathroom 2, Bedroom 4, Bedroom 2
    Patio and Porch features
    Porch
    Interior features
    Eat-in Kitchen, Laminate Counters
    Exterior features
    Awning(s)
    Basement
    Crawl Space, Unfinished, Full, Concrete
    Appliances
    Electric Range, Washer, Refrigerator
    Standard status
    Active
    APN
    11418020019
    Size
    1,992 SF
    Lot size
    0.07 Acres

    Taxes and HOA fees

    TaxAnnualAmount
    1488

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas, Hot Water(Heating)
    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

    We can help!

    Listing Contact
    William Clauss

    Listing agent William Clauss License #AB068616

    Listing office Davis R. Chant - Lake Wallenpaupack 2483 Route 6, Milford, PA

    Listing date Jan 23, 2026

    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.

    Overview

    Olyphant Multi-Unit Residential Opportunity

    Located in Olyphant, Pennsylvania, this multi-family property offers two distinct residential units on a single lot. Unit 1 features a two-story layout with a large living area, a dedicated dining room, and a kitchen on the main floor. The upstairs includes three bedrooms and a full bathroom. Unit 2 provides a ranch-style floor plan with one bedroom, a large eat-in kitchen, and two flexible living or dining areas. The property is located in the Mid-Valley School District and is situated minutes from local shopping, dining, major employment hubs, and entertainment. The property, totaling 1,992 square feet on a 0.07-acre lot, presents a value-add opportunity requiring cosmetic improvements and updates. This property is suitable for investors, house hackers, or multi-generational families seeking proximity and privacy. The property is zoned residential and offers potential for rental income or use as an in-law suite.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Olyphant
    County
    Lackawanna
    State
    Pennsylvania
    Longitude
    -75.606264
    Latitude
    41.46246

    Nearby Similar for Sale

    • $399,000
      3,300 SF

      Well-Maintained Multifamily Property in Olyphant

      Five-unit multifamily property with development potential on a double lot.
      994-996 E Scott Street, Olyphant, PA 18447
      View Details
    • $130,000
      3,850 SF

      Olyphant Commercial Building For Sale

      Commercial building in the heart of Olyphant, Pennsylvania.
      305 Grant Street, Olyphant, PA 18447
      View Details
    • $1,450,000
      18,725 SF

      Olyphant Multi-Use Property For Sale

      Multi-use property with banquet facility, storefront, deli, and apartments.
      216 Lackawanna Avenue, Olyphant, PA 18447
      View Details

    FAQs

    What type of property is this?
    Duplex - Multi-family property with two units in Olyphant, Pennsylvania.
    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 $225,000.
    What are key features of this property?
    This property features: Multi‑unit property: Two distinct residential units on one lot.; High‑potential investment: Cosmetic updates offer the opportunity to build immediate sweat equity.; Desirable location: Situated in the Mid‑Valley School District, close to shopping, dining, employment, and entertainment.
    (570) 470-4658
    We can help!
    Listing Contact
    William Clauss
    Real Estate License ID: AB068616
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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