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Income-Producing Property with Development Potential
For Sale
$118,000

New Milford, PA 18834, New Milford, PA 18834

Residential Income, New Milford, PA

Property Size2,432 SF
Lot Size0.25 Acres
Price / SF$48.52
Days on Market489

Property Features

General Information

Property type Residential Multi Family
Property subtype Other
Zoning Mixed Resident
Bedrooms 4
Bathrooms 2
Full bathrooms 2
Rooms Basement, Bathroom 2, Bathroom 1, Bedroom 1, Bedroom 3, Bedroom 4, Bedroom 2
Basement Dirt Floor
Lot features Cleared, Corner Lot
Elementary school district Blue Ridge
Middle school district Blue Ridge
High school district Blue Ridge
Standard status Active
Size 2,432 SF
Lot size 0.25 Acres

Taxes and HOA fees

Tax Year 2024
Tax Annual Amount 2582

Utilities

Sewer type Septic Tank
Heating system Oil
Water source Well

Building Details

Year built 1900
Floors in Building 2
Number of units 2
Roof type Shingle
Listing Agency: Berkshire Hathaway Home Services Preferred Properties · Berkshire Hathaway HomeServices
Listed By: Christina Cosmello · License #RS220226L
Added: Jun 9, 2025 Changed: Oct 8 Last Checked: Oct 10 at 7:06AM
MLS# SC252868

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.

Investment Insights

Based on property information with market context.

This property presents a residential opportunity with endless potential as an income-producing asset. The charming single-family home features a spacious layout and modern updates. While currently configured as a single-family residence, it can easily be converted back to a multi-family unit to generate additional rental income. This flexibility makes it ideal for owner-operators, onsite managers, or multi-use investors, allowing them to live where they work or lease it out for passive income. The property is located in New Milford, PA, and sits on a lot of approximately 0.25 acres. The building has a size of 2432 square feet. The zoning is Mixed Resident. This property offers a versatile investment opportunity.

Key Highlights

  • Charming single‑family home currently configured as a single‑family residence
  • Layout includes 4 bedrooms, 2 bathrooms, and a basement
  • Heating: oil

Property Analytics

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Current Use

Duplexes

Lease Details

Turnkey business
Opportunity

Location Intelligence

Trade Area within ½ mile

8
Businesses Nearby

Demographics for 18834, PA

3,349
Population
1,999
Households
1.7
Avg Household Size
50
Median Age
13%
College-Educated
92%
High-School Grad
65.4 sq mi
ZIP Area
51
Density / Sq Mi
$69,000
Median Household Income
$37,775
Median Earnings
$970
Median Rent
$202,600
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Duplex - Single-family home convertible to multi-family for income generation.
Where is this duplex located?
The property is located at New Milford, PA.
What is the asking price?
The asking price for this property is $118,000.
What are key features of this property?
This property features: Charming single‑family home currently configured as a single‑family residence; Layout includes 4 bedrooms, 2 bathrooms, and a basement; Heating: oil
More about this property
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