1200 S Main Street, Old Forge, PA 18518

$379,900

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Property Type: Residential Income Bedrooms: 6 Baths: 3 Lot Size (sq. ft.): 6,970 Status: Active

Current Price: $379,900 List Date: 10/01/2026 Last Modified: 10/15/2026

Overview

Description

OPEN HOUSE OCTOBER 4 12:30-2:00!! Turnkey 3-unit investment opportunity in a highly convenient location! This well-maintained 3-unit income-producing property is located at 1200 S Main St in Old Forge, just minutes from a variety of popular restaurants, local businesses, public transportation, and everyday amenities. The property features updated apartments and numerous recent improvements, making this an attractive opportunity for an investor seeking a property with solid income and significant capital improvements already completed. Property Highlights: 3 income-producing units, Approximately $37,000 annual Net Operating Income (NOI), 10 CAP, New roof installed in 2021, Updated apartments, Newer water heaters (2021, 2024, 2026), New furnace. Convenient location near restaurants, businesses, and bus transportation. Excellent opportunity to add to an investment portfolio major building components and mechanical systems recently updated, this property offers investors the opportun ... (Read more)

Listing Details MLS# SC-264885

General Property Information

Number Of Units Total: 3
Bedrooms Total: 6
Bathrooms Total: 3
Bathrooms Full: 3
Above Grade Finished Area: 2500
Below Grade Finished Area: 700
Living Area: 3200
Enhanced Accessible: No
Year Built: 1940
Year Built Source: Estimated
New Construction YN: No
Open Parking Spaces: 5
Parking Total: 5
Lot Size Acres: 0.16
Lot Size Dimensions: 101X68X102X76
Waterfront YN: No
Basement YN: Yes
Stories: 2
Auction YN: No
List Price/SqFt: 118.72

Property Features

Basement: Unfinished Current Financing: FHA Electric: 200+ Amp Service Flooring: Combination Heating: Natural Gas Laundry Features: In Basement Listing Terms: Cash; Conventional; FHA; VA Loan

Contract Information

Listing Contract Date: 2026-09-30
Property Sub Type: Multi Family
Listing Agreement: Exclusive Right To Sell
Owner Name: Perrone Frank

Location Tax and Legal

Street Number: 1200
Street Direction Prefix: S
Street Name: Main
Street Suffix: Street
State: PA
Postal Code: 18518
County: Lackawanna

Remarks and Miscellaneous

Public Remarks: OPEN HOUSE OCTOBER 4 12:30-2:00!! Turnkey 3-unit investment opportunity in a highly convenient location! This well-maintained 3-unit income-producing property is located at 1200 S Main St in Old Forge, just minutes from a variety of popular restaurants, local businesses, public transportation, and everyday amenities. The property features updated apartments and numerous recent improvements, making this an attractive opportunity for an investor seeking a property with solid income and significant capital improvements already completed. Property Highlights: 3 income-producing units, Approximately $37,000 annual Net Operating Income (NOI), 10 CAP, New roof installed in 2021, Updated apartments, Newer water heaters (2021, 2024, 2026), New furnace. Convenient location near restaurants, businesses, and bus transportation. Excellent opportunity to add to an investment portfolio major building components and mechanical systems recently updated, this property offers investors the opportunity to acquire an income-producing multifamily property without the immediate capital expenses associated with many older buildings. Great location + established rental income + recent improvements make this a compelling multifamily investment opportunity. Contact Eric today for financial information, additional property details, or to schedule a private showing.
Inclusions: all seller-owned appliances
Exclusions: tenant-owned appliances

Status Change Information

Major Change Timestamp: 2026-10-15T00:28:25Z
Major Change Type: Status Change
Status Change Timestamp: 2026-10-14
Contingency: Active W/Contingency

More Information

Income and Expenses

Gross Income: 46800
Heat Expense: 1200
Insurance Expense: 2400
Net Operating Income: 37000
Water Expense: 2400

Unit 1

Unit #: Yes
Actual Rent: 1300
SqFt Total: 1250
Dining Room YN: No
Kitchen YN: Yes
Living Room YN: Yes

Unit 2

Unit #: 2
Actual Rent: 1300
SqFt Total: 625
Dining Room YN: No
Kitchen YN: Yes
Living Room YN: Yes

Unit 3

Unit #: 3
Actual Rent: 1300
SqFt Total: 625
Dining Room YN: No
Kitchen YN: Yes

Listing Office: LUXE Homes Real Estate LLC

Last Updated: October - 15 - 2026

Information deemed reliable but not guaranteed.

1200 S Main Street, Old Forge, PA 18518 (MLS# SC-264885)