Two-Unit Duplex
607 S Valley Avenue, Olyphant, PA 18447
For Sale
$210,000
Residential Income, Olyphant, PA
Property Size1,992 SF
Lot Size0.07 Acres
Price / SF$105.42
Days on Market294
Property Features for 607 S Valley Avenue
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Rooms
Patio and Porch features
Interior features
Exterior features
Basement
Appliances
View
Elementary school district
Middle school district
High school district
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Annual Amount
Utilities
Sewer type
Heating system
Cooling system
Water source
Building Details
Year built
Floors in Building
Number of units
Flooring type
Listing Agency:
Davis R. Chant - Lake Wallenpaupack
(570) 226-4518
Listed By:
William Clauss · License PA AB068616
(570) 470-4658
Added: Jan 23
Changed: Oct 24
Last Checked: Nov 12 at 7:06PM
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.
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Investment Insights
Based on property information with market context.
Located at 607 S Valley Avenue in Olyphant, this 1,992-square-foot duplex contains two distinct residential units on a 0.07-acre lot. The main residence spans two levels with living, dining, and kitchen areas downstairs, plus three bedrooms and a full bathroom above. The second unit is a ranch-style layout with one bedroom, an eat-in kitchen, two additional living or dining areas, and a full bathroom.
Built in 1912, the property includes a basement, porch, awning, laminate counters, and a mix of carpet, vinyl, and linoleum flooring. Electric range, refrigerator, and washer are included. Public water and public sewer serve the property, with natural-gas hot-water heating and ceiling-fan cooling. Residential zoning applies, and the property is situated within the Mid-Valley School District. Cosmetic updates are needed.
Built in 1912, the property includes a basement, porch, awning, laminate counters, and a mix of carpet, vinyl, and linoleum flooring. Electric range, refrigerator, and washer are included. Public water and public sewer serve the property, with natural-gas hot-water heating and ceiling-fan cooling. Residential zoning applies, and the property is situated within the Mid-Valley School District. Cosmetic updates are needed.
Key Highlights
- Two residential units totaling 1992 square feet
- Unit 1 offers a two‑story layout with 3 bedrooms and 1 full bathroom
- Unit 2 includes 1 bedroom, an eat‑in kitchen, and 2 living or dining areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,427
Cap Rate
7.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$328,540
$328.5K
Cap Rate 7%
$234,671
$234.7K
Cap Rate 9%
$182,522
$182.5K
Market Conditions
NOI Build-Up for 1,992 SF
Gross rent
$25.1K $12.60/SF
− Vacancy
−$1.6K −$0.82/SF
EGI
$23.5K $11.78/SF
− OpEx
−$7.0K −$3.53/SF
NOI
$16.4K $8.25/SF
Area
Lackawanna County, PA
Vacancy
6.50%
Lease Rate
$12.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$328,540
Cap Rate 7%
$234,671
Cap Rate 9%
$182,522
Alternative Uses
Best Use
Multifamily LT 5
$234.7K
$205.3K – $273.8K
NOI $16,427 @ 7.0% cap · market cap 7.82%
Second Best
Apartment 5plus
$219.4K
$192.0K – $256.0K
NOI $15,357 @ 7.0% cap · market cap 7.31%
Theoretical Best
Office A
$505.6K
$442.4K – $589.9K
NOI $35,392 @ 7.0% cap · market cap 16.85%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
372
Businesses Nearby
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Business Placement
Demographics for 18447, PA
10,362
Population
4,799
Households
2.2
Avg Household Size
45
Median Age
28%
College-Educated
96%
High-School Grad
19.9 sq mi
ZIP Area
521
Density / Sq Mi
$64,276
Median Household Income
$42,470
Median Earnings
$971
Median Rent
$194,600
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Lackawanna County, PA
Properties on Market for Duplexes in Lackawanna County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Separate living arrangements include a larger two-story residence and a compact ranch-style unit.
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 $210,000.
What are key features of this property?
This property features: Two residential units totaling 1992 square feet; Unit 1 offers a two‑story layout with 3 bedrooms and 1 full bathroom; Unit 2 includes 1 bedroom, an eat‑in kitchen, and 2 living or dining areas
