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    Old Forge Duplex Investment Opportunity Title is generated by Realmo AI

    1217-1219 S Main Street, Old Forge, PA 18518

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    Claim this Listing
    Pending
    $272,900

    MULTI_FAMILY - Other - Old Forge, PA

    Property size:
    2,600 SF
    Lot size:
    0.25 Acres
    Added:
    May 6, 2026
    Days on Market:
    53
    Last Refresh:
    Jun 27 at 4:06 pm

    Property Features for 1217-1219 S Main Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    R1
    Bedrooms
    7
    Bathrooms
    2
    Rooms
    Bedroom 7, Bathroom 2, Basement, Bedroom 1, Bedroom 5, Bedroom 6, Bedroom 4, Bedroom 3, Bathroom 1, Bedroom 2
    Parking features
    Off Street, On Street
    Patio and Porch features
    Deck, Porch
    Exterior features
    Awning(s)
    Fencing
    Chain Link
    Basement
    Concrete, Block, Walk-Out Access
    Standard status
    Pending
    APN
    18411010020
    Size
    2,600 SF
    Lot size
    0.25 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    75X135X75X145
    Tax Annual Amount
    2767

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Ductless (Heating), Natural Gas, Baseboard, Steam
    Cooling system
    Ceiling Fan(s), Window Unit(s), Ductless
    Water source
    Public

    Building Details

    Year built
    1946
    Floors in Building
    3
    Number of units
    2
    Flooring type
    Hardwood, Linoleum
    Building materials
    Aluminum Siding
    Roof type
    Shingle
    Architectural style
    Other

    We can help!

    Contact an agent
    William Pregmon

    Listing agent William Pregmon

    Listing office Berkshire Hathaway Home Services Preferred Properties 721 S. State St., Clarks Summit, PA

    Listing date May 6, 2026

    MLS# SC262030 Listing URL

    Copyright © 2026 Greater Scranton Board 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.

    HighLights

    • Side‑by‑side duplex built in 1946 with 7 bedrooms and 2 full bathrooms total
    • Both units are move‑in ready with separate entrances and separate utilities
    • Public utilities include public water and public sewer
    • Parking available with off‑street and on‑street spaces
    • Large fenced yard plus deck and porch
    • Walk‑up attic with opportunity to convert the right side into a 4th bedroom

    Overview

    This well-maintained side-by-side duplex in Old Forge presents an exceptional investment opportunity. The property features two generous units, offering a combined total of 7 bedrooms and 2 full baths. This configuration provides immediate income potential or the option to reside in one unit while renting out the other. Both units are in move-in ready condition. The property includes both on and off-street parking. A large fenced-in yard enhances the property, and a walk-up attic offers the potential to convert the right side into a fourth bedroom. The side-by-side configuration ensures privacy between units, with separate entrances and separate utilities. Situated in a prime Old Forge location, residents benefit from convenient access to local shops, restaurants, and the borough's noted pizza establishments. The property is located within the Old Forge School District. The property size is 2600 square feet and the lot size is 0.25 acres.

    Local 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 $32.8k $12.60
    − Vacancy −$2.1k −$0.82
    EGI $30.6k $11.78
    − OpEx −$9.2k −$3.53
    NOI $21.4k $8.25
    2,600 SF · lease $12.60/SF/yr · vacancy 6.50% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $306.3K
    $268.0K – $357.4K (±1% cap)
    NOI $21,441 @ 7.0% cap · market cap 7.86%
    Second Best
    Apartment 5plus
    $286.3K
    $250.6K – $334.1K (±1% cap)
    NOI $20,044 @ 7.0% cap · market cap 7.34%
    Theoretical Best
    Office A
    $659.9K
    $577.4K – $769.9K (±1% cap)
    NOI $46,195 @ 7.0% cap · market cap 16.93%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile 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
    Old Forge
    County
    Lackawanna
    State
    Pennsylvania
    Longitude
    -75.749452
    Latitude
    41.358898

    FAQs

    What type of property is this?
    Duplex - Well-maintained 7-bedroom duplex in Old Forge, move-in ready.
    Where is this duplex located?
    The property is located at 1217-1219 S Main Street Old Forge, PA.
    What is the asking price?
    The asking price for this property is $272,900.
    What are key features of this property?
    This property features: Side‑by‑side duplex built in 1946 with 7 bedrooms and 2 full bathrooms total; Both units are move‑in ready with separate entrances and separate utilities; Public utilities include public water and public sewer
    More about this property
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