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About This Home
This 5-bedroom, 5-bathroom residential multi family at 507 Delaware Avenue in Portland, PA is listed for $599,000 ($109 per sqft). Built in 1900, the home offers 5,500 sqft of living space on a 0.08 acres lot.
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.
Key Features
- Built in 1900
- 0.08 acre lot
- 3 stories
Property Details
Monthly Cost Estimate
$3,204/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
507 Delaware Avenue
Portland, PA 18351
Questions & Answers
This 5-bedroom, 5-bathroom residential multi family at 507 Delaware Avenue is listed at $599,000 ($109/sqft). The estimated monthly payment is $2,596 based on 20% down at 6.5% interest.
Key features include: Built in 1900, 0.08 acre lot, 3 stories.
This property is listed by Faith M Sarisky and can be reached at (610) 452-2722.


