$250,000

1213 1215 Lori Ln Old Forge, PA 18518

Estimated payment $1,620/month

Total Views 2,022
4 Beds
2 Baths
1,500 Sq Ft
$167 Price per Sq Ft

Highlights

  • Very Popular Property
  • Living Room
  • 1-Story Property

About This Home

Turn-key. Fully updated. Cash-flowing from day one.Welcome to this beautifully renovated side-by-side duplex on a quiet residential street in Old Forge. Both units have been thoughtfully rebuilt with modern finishes -- including all new flooring, fully updated kitchens with contemporary cabinetry and countertops, refreshed bathrooms, updated hardware, fixtures, and interior details throughout. The exterior and mechanicals have also been updated, creating a low-maintenance investment with long-term durability.Each unit offers bright living spaces, comfortable layouts, and private entries -- ideal for long-term tenant satisfaction. Both sides are already occupied with reliable annual leases at 1,200/month and 1,250/month, providing consistent income from day one.Investors will love the clean utility setup:All utilities are separately metered and paid by tenants. The landlord is responsible only for a $50/month sewer billThis is the ideal opportunity to purchase a ''like-new'' income property that requires zero immediate improvements, in a desirable and high-demand rental market. Whether adding to your portfolio or jumping into multifamily ownership for the first time, 1213-1215 Lori Lane is a smart, stable, and future-focused investment.

Listing Agent

Kate Daye

Revolve Real Estate License #RM425525 Listed on: 12/02/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,701

Year Built

  • Built in 1950

Lot Details

  • 2,614 Sq Ft Lot
  • Lot Dimensions are 60x43x102x100x53

Parking

  • 2 Open Parking Spaces

Interior Spaces

  • 1,500 Sq Ft Home
  • 1-Story Property
  • Living Room
  • Electric Range

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Listing and Financial Details

  • Security Deposit $1,250
  • Assessor Parcel Number 16519020031

Community Details

Overview

  • 2 Units

Building Details

  • Insurance Expense $900
  • Gross Income $29,400
  • Net Operating Income $24,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,701

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Directions: Heading South on Keyser, turn right on Lori Lane, house will be on the left
  • Lot Size Acres: 0.06
  • Prop. Type: Residential Income
  • Building Stories: 1
  • Year Built: 1950
  • Reso Property Sub Type: Multi Family
  • Above Grade Finished Sq Ft: 1500
  • Architectural Style: Ranch
  • Garage Yn: No
  • New Construction: No
  • AuctionYN: No
  • SchoolTaxAmount: 2329.96
  • EnhancedAcccessible: No
  • WaterExpense: 0.00
  • SewerExpense: 600.00
  • GSB_UnitTypeDiningRoomYN: No
  • GSB_UnitTypeLivingRoomYN: Yes
  • GSB_UnitTypeDiningRoomYN: No
  • GSB_UnitTypeLivingRoomYN: Yes
  • GSB_UnitTypeSecurityDeposit: 1250.00
  • GSB_UnitTypeSecurityDeposit: 1200.00
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Appliances: Dryer, Washer, Refrigerator, Electric Range
  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • Basement YN: No

Exterior Features

  • Waterfront: No

Garage/Parking

  • Open Parking Spaces: 2

Schools

  • Junior High Dist: Old Forge

Lot Info

  • Zoning: R1
  • Lot Dimensions: 60X43X102X100X53
  • Parcel #: 16519020031

Tax Info

  • Tax Year: 2025
  • New Taxes Expense: 4000
  • Tax Annual Amount: 3700.68
  • Tax Book Number: 2025-003458

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 29400
  • Insurance Expense: 900

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/02/2025 12/02/25 For Sale $250,000 +13.6% $167 / Sq Ft
02/25/2025 02/25/25 Sold $220,000 -4.3% $149 / Sq Ft View Prior Sale
01/12/2025 01/12/25 Pending -- -- --
01/09/2025 01/09/25 Price Changed $230,000 -4.2% $156 / Sq Ft
12/30/2024 12/30/24 For Sale $240,000 -- $162 / Sq Ft
Source: Greater Scranton Board of REALTORS®

Source: Greater Scranton Board of REALTORS®

MLS Number: GSBSC256128

Greater Scranton Board of REALTORS®