1395 Old Trail Rd Clarks Summit, PA 18411
Estimated payment $2,415/month
About This Home
A rare find in The Abingtons! Don't miss this fully leased 6-unit property with commercial zoning and strong financials. With an annual NET income of 40,000, this property is already performing and ready to make you the passive income that you desire. The tenants cover their own separate utilities, and the insanely low taxes keep expenses minimal. The buildings have been well maintained with multiple upgrades, making it a reliable, low-maintenance asset from day one.The real upside? Commercial zoning. This isn't just another six-unit--there's flexibility here that most properties in this class don't offer. With low overhead, steady income, and clear value-add opportunities, there's room to push net earnings even higher. Whether you hold for cash flow or look to reposition, this one makes sense now and in the long run.Showings will be permitted Sundays between 12-3PM. Please request in Showing Time.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,443
Year Built
- Built in 1949
Lot Details
- 1.03 Acre Lot
- Lot Dimensions are 90x450x85x510
Home Design
- Flat Roof Shape
- Asphalt Roof
Interior Spaces
- 2,541 Sq Ft Home
- 2-Story Property
- Unfinished Basement
Bedrooms and Bathrooms
- 6 Bedrooms
- 6 Full Bathrooms
Utilities
- Well
- Septic Tank
Listing and Financial Details
- Assessor Parcel Number 07902020028
- Tax Block 250
- $12,000 per year additional tax assessments
Community Details
Overview
- 2 Buildings
- 6 Units
Building Details
- Electric Expense $591
- Fuel Expense $495
- Insurance Expense $2,760
- Trash Expense $1,794
- Net Operating Income $39,465
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/27/2025 05/27/25 | Price Changed | $409,000 | -5.1% | $161 / Sq Ft |
| 03/10/2025 03/10/25 | Price Changed | $431,000 | -1.8% | $170 / Sq Ft |
| 02/17/2025 02/17/25 | For Sale | $439,000 | 0.0% | $173 / Sq Ft |
| 02/24/2023 02/24/23 | Rented | $5,740 | +1108.4% | -- |
| 02/20/2023 02/20/23 | Under Contract | -- | -- | -- |
| 01/16/2023 01/16/23 | Price Changed | $475 | -9.5% | $2 / Sq Ft |
| 12/01/2022 12/01/22 | For Rent | $525 | -89.7% | -- |
| 12/27/2018 12/27/18 | Rented | $5,100 | +1100.0% | -- |
| 12/27/2018 12/27/18 | Under Contract | -- | -- | -- |
| 11/21/2018 11/21/18 | For Rent | $425 | -- | -- |
Source: Greater Scranton Board of REALTORS®
MLS Number: GSBSC250669
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Information provided by the Greater Scranton Board of REALTORS® MLS. Information is for consumer’s personal noncommercial use, and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing. Consult the specific municipality for permitted Zoning uses.
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