1213 1215 Lori Ln Old Forge, PA 18518
Estimated payment $1,620/month
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.
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
Map
Home Values in the Area
Average Home Value in this Area
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®
MLS Number: GSBSC256128
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