507 Delaware Avenue
Portland Borough, PA 18351
- 5 beds
- 5 baths
- 4,500 sqft
- 3,541 sqft lot
- $107 per sqft
- 1890 build
Stunning Turnkey Investment Property in Historic Portland This beautifully maintained property offers breathtaking views of the Delaware River and the walking bridge from the second floor. With all units currently rented, this income-producing building features five units in total: three one-bedroom apartments upstairs, a two-bedroom unit on the first floor, and a commercial storefront occupied by a popular chocolate shop. All tenants are long-term and well-established. Recent upgrades include new electrical panel boxes installed in the three upstairs units. Additionally, Unit 2A was fully remodeled in 2022, and Unit 2C underwent renovations when purchased. This property provides an excellent opportunity to add a lucrative asset to your portfolio, with solid passive income and potential for growth. Don't miss out—properties like this are rarely listed. Schedule a showing today!
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Last updated Dec 22, 2024
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MLS# 750177 —
The Building
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Year Built:1890
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Year Built Exception:Unknown
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Construction:Frame, Vinyl
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Stories:2.0
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SqFt:4,500 Sqft
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SqFt Source:Tax Records
Location
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Area:Portland
The Property
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Property Type:Investment Property
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Property Subtype:Investment Property
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Property Subtype Category:Apartment Style
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Zoning Code:B-BUSINESS
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Lot Size Source:Tax Records
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Lot SqFt:3541
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Features:Fire Escape, Hardwood, Historic, Wall-to-Wall Carpet, Wash/Dry Hook-ups
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Acres:0.081
Listing Agent
- Contact info:
- No listing contact info available
Taxes
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Total Taxes:$3,935.64
Beds
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Bedrooms:5
Baths
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Baths:5
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Full Baths:5
Heating & Cooling
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Heat:No
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Cooling:Window ACs
Utilities
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Water:Public
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Water/Sewer:563
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Sewer:Public
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Gas:No
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Electric:20
Schools
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School District:Bangor
The Community
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Subdivision:Not in Development
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Association:Lehigh Valley MLS
Parking
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Parking Spaces:5
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Garage:On Street
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Max Internet Speed
Provided by BroadbandNow®
This is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
12/22/24
Dec 22, 2024
|
Listed / Active | GLVR | $485,000 |
