Jeff Powers
← INNOVATE Real Estate
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39 photos

$550,000

507 Delaware Avenue, Portland, PA 18351
Portland, PA 18351
Listed by Faith M Sarisky · Realty Solutions of PA
Bedrooms
N/A
Bathrooms
4.1
Living area
N/A
Year built
1900

About this home

Stunning turnkey investment property in Historic Portland. This beautifully maintained property offers breathtaking views of the Delaware River and walking bridge from Second fl. With all units currently rented, this income producing building features 5 units in total. 3 one bedroom apartments upstairs, a two bedroom unit on first floor and a commercial storefront occupied by a popular chocolate shop. All tenants are long-term well-established. Recent upgrades include new electrical panel boxes installed in the 3 second floor units new flooring in hall. new electric service at meter box sewer pipes in basement converted to PVC, Upgraded lighting in 2nd fl hallway, installed emergency lighting and illuminated exit signs, installed missing GFCI outlets, installed handrail on fron steps and guard rails on rear and besement steps, . Additional unit 2A was fully remodeled in 2022 and Unit 2C was remodeled as well. This property provided an excellent opportunity to add a lucrative asset to your portfolio with solid passive income and potential for growth. Property also has been approved for a facade improvement grant which may be transferred to new owner.

Property details

MLS #
PM-140888
Property type
Multi Family
Subdivision
None
Status
Active
Days on market
113
On market date
May 1, 2026
Stories
N/A
Garage spaces
N/A
Lot size
0.081 acres

Location

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Nearby schools

Within 10 miles · public school directory data (NCES)

Elementary
Knowlton Township Board of Education
2.79 mi away · Grades -1-6
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
164
Student:teacher ratio
8.2:1
District
Knowlton Township School District
Middle
DeFranco El Sch
4.08 mi away · Grades 5-6
Nearest school -- attendance-zone data not available here
4.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
436
Student:teacher ratio
12.1:1
District
Bangor Area SD
High
Bangor Area HS
3.85 mi away · Grades 9-12
Nearest school -- attendance-zone data not available here
3.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
908
Student:teacher ratio
15.4:1
District
Bangor Area SD

Mortgage calculator

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Est. monthly payment
$3,462/mo
$110,000 down
$440,000 loan
Principal & interest$2,854
Property tax (est.)$458
Home insurance (est.)$150

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Data source: Listing information provided by Pocono Mountains Association of REALTORS® via Trestle/CoreLogic. Last updated 26 days ago.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.