1393 1395 Old Trail Road, Clarks Summit, PA 18411 (MLS# SC-250669)
1393 1395 Old Trail Road, Clarks Summit, PA 18411
$431,000
Property Type:
Residential Income
Bedrooms:
6
Baths:
6
Lot Size (sq. ft.):
44,867
Status:
Active
Current Price:
$431,000
List Date:
2/18/2025
Last Modified:
3/10/2025
Description
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.
More Information MLS# SC-250669
Contract Information
Current Price: $431,000
List Price: $431,000
Status: Active
Listing Contract Date: 2025-02-17
Property Sub Type: Multi Family
Listing Agreement: Exclusive Right To Sell
Owner Name: Old Trail Clarks Summit LLC
Location Tax and Legal
Street Number: 1393
Street Name: 1395 Old Trail
Street Suffix: Road
State: PA
Postal Code: 18411
County: Lackawanna
General Property Information
Number Of Buildings: 2
Number Of Units Total: 6
Bedrooms Total: 6
Bathrooms Total: 6
Bathrooms Full: 6
Above Grade Finished Area: 2541
Living Area: 2541
Enhanced Accessible: No
Year Built: 1949
Year Built Source: Public Records
New Construction YN: No
Lot Size Acres: 1.03
Lot Size Dimensions: 90X450X85X510
Waterfront YN: No
Basement YN: Yes
Stories: 2
Auction YN: No
List Price/SqFt: 169.62
Remarks and Miscellaneous
Public Remarks: 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.
Status Change Information
Major Change Timestamp: 2025-03-10T13:59:48Z
Major Change Type: Price Reduced
Price Change Timestamp: 2025-03-10T13:59:48Z
Status Change Timestamp: 2025-02-18
Income and Expenses
Annual Total Expense: 8175.34
Cap Rate: 9
Electric Expense: 591.15
Fuel Expense: 494.7
Insurance Expense: 2760
Net Operating Income: 39464.66
Total Actual Rent: 3970
Trash Expense: 1793.84
Unit 1
Unit #: Downstairs
Actual Rent: 850
SqFt Total: 880
Baths Total: 1
Beds Total: 1
Dining Room YN: No
Kitchen YN: Yes
Occupied YN: Yes
Unit 2
Unit #: Upstairs
Actual Rent: 895
SqFt Total: 660
Baths Total: 1
Beds Total: 1
Dining Room YN: No
Kitchen YN: Yes
Occupied YN: Yes
Unit 3
Unit #: 1
Actual Rent: 425
SqFt Total: 194
Baths Total: 1
Beds Total: 1
Dining Room YN: No
Kitchen YN: No
Occupied YN: Yes
Unit 4
Unit #: 2
Actual Rent: 575
SqFt Total: 181
Baths Total: 1
Beds Total: 1
Dining Room YN: No
Kitchen YN: No
Occupied YN: Yes
Unit 5
Unit #: 3
Actual Rent: 675
SqFt Total: 445
Baths Total: 1
Beds Total: 1
Dining Room YN: No
Kitchen YN: No
Occupied YN: Yes
Unit 6
Unit #: 4
Actual Rent: 550
SqFt Total: 180
Baths Total: 1
Beds Total: 1
Dining Room YN: No
Kitchen YN: No
Property Features
Basement: Unfinished
Roof: Asphalt; Flat
Sewer: Septic Tank
Showing Requirements: 24 Hour Notice
Structure Type: Multi Family
Water Source: Well
Listing Office: Revolve Real Estate
Last Updated: March - 10 - 2025
Information deemed reliable but not guaranteed.