Building Details

Buildings 3

Listing Agency: RPA Real Estate Show Phone

Listed By: Robert Merante

Source: Nepahousehunt

Added: May 28, 2025 Changed: Aug 29 Last Checked: Aug 29 at 1:52AM

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Investment Insights

Based on property information with market context.

This multifamily property includes 8 units arranged across a 5-unit building, a 2-unit building, and a mobile home. Multiple units have been modernized, and 7 of the 8 units are leased. The property occupies the entire corner lot and includes off-street parking.

Located at 207 Milwaukee Ave in Old Forge, the property offers access to both the Wilkes-Barre and Scranton metro areas. Its combination of varied residential structures, current leasing, and on-site parking provides a straightforward configuration for continued multifamily ownership.

Key Highlights

• 8‑unit multifamily property with 7 of 8 units leased
• Property includes a 5‑unit building, a 2‑unit building, and a mobile home
• Multiple units have been modernized

Property Analytics

Property Profile

Current Use

Duplexes

Suggested Use

Top Pick Dental Office Real Estate Agency Law Firm Electrical Service HVAC Service Barber Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

8

Residential units

87.5%

Occupancy

Location Intelligence

Trade Area within ½ mile

340

Businesses Nearby

Explore this area Business Placement

Demographics for 18518, PA

8,497

Population

3,949

Households

2.2

Avg Household Size

46

Median Age

32%

College-Educated

94%

High-School Grad

4.0 sq mi

ZIP Area

2,124

Density / Sq Mi

$73,258

Median Household Income

$44,586

Median Earnings

$862

Median Rent

$169,700

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Apartment building - Corner-lot multifamily property with modernized units and off-street parking.

Where is this apartment building located?

The property is located at 207 Milwaukee Ave Old Forge, PA.

What is the asking price?

The asking price for this property is $594,000.

What are key features of this property?

This property features: 8‑unit multifamily property with 7 of 8 units leased; Property includes a 5‑unit building, a 2‑unit building, and a mobile home; Multiple units have been modernized