509 Delaware Avenue
Description
This beautifully maintained property offers breathtaking views of the Delaware River and the walking bridge from the second floor. With all units currently rented, this income-producing building features five units in total: three one-bedroom apartments upstairs, a two-bedroom unit on the first floor, and a commercial storefront occupied by a popular chocolate shop. All tenants are long-term and well-established. Recent upgrades include new...Stunning Turnkey Investment Property in Historic Portland
This beautifully maintained property offers breathtaking views of the Delaware River and the walking bridge from the second floor. With all units currently rented, this income-producing building features five units in total: three one-bedroom apartments upstairs, a two-bedroom unit on the first floor, and a commercial storefront occupied by a popular chocolate shop. All tenants are long-term and well-established. Recent upgrades include new electrical panel boxes installed in the three upstairs units. Additionally, Unit 2A was fully remodeled in 2022, and Unit 2C underwent renovations when purchased. This property provides an excellent opportunity to add a lucrative asset to your portfolio, with solid passive income and potential for growth. Don't miss out—properties like this are rarely listed. Schedule a showing today!
- Listed by Faith Sarisky • Realty Solutions of Pa
Property Details for 509 Delaware Avenue
Property Details for 509 Delaware Avenue
| Status | Available |
|---|---|
| MLS # | 750177 |
| Days on Market | 11 |
| Taxes | $3,936 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Multi-Family / Apartment Style |
| Year Built | 1890 |
| County | Northampton County |
Building Information for 509 Delaware Avenue
Property Information for 509 Delaware Avenue
- Directions: Route 611 to Delaware Ave Portland. Building has Alexandra & Nicolay Chocolate shop in it.
- School District: Bangor
- Garage: On Street
- ParkingSpaces: 5
- Association: Lehigh Valley MLS
- County Taxes: $474.12
- Lawn Snow Removal: $0
- Maintenance Repair: $150
- Management: 0
- Municipal Taxes: $965.80
- School Taxes: $2,495.72
- Total Taxes: $3,935.64
- Acres: 0.081
- APN: B11SE3C6 14 0127
- Lot Size Source: Tax Records
- Zoning Code: B-BUSINESS
- County Assessment: $43,900.00
- Features: Fire Escape, Hardwood, Historic, Wall-to-Wall Carpet, Wash/Dry Hook-ups
- Property SubType Category: Apartment Style
- Square Footage Source: Tax Records
- Technology: Cable, Smk Detector Battery
- Year Built Exception: Unknown
- Adult Comm 55 Over: No
- Cooling: Window ACs
- Electric: 20
- Gas: $0
- Sewer: Public
- Water: Public
- Water Sewer: 563
- Construction: Frame, Vinyl
- Baths: Semi Modern
- Heat: $0
- Heat Type: Baseboard, Electric, Hot Water
- Gross Income: $56,700.00
- Insurance: $300
- Net Income: $39,912.00
- Operating Expense: $16,788
- Other Expenses: $0
- Trash Removal: 123
- Total Unit Count: 5
- Total Units: 5
- Unit Total1 Bedroom: 3
- Unit Total2 Bedrooms: 2
Property History for 509 Delaware Avenue
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Schools near 509 Delaware Avenue
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | 5 to 6 | |||
| Public - | 7 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 5 to 6 |
Rating | School | Distance |
|---|---|---|
DeFranco Elementary School Public5 to 6 | ||
Bangor Area Middle School Public7 to 8 | ||
Bangor Area High School Public9 to 12 | ||
Defranco El School Public5 to 6 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
Similar Homes
Similar Sold Homes
Homes for Sale near Portland
Neighborhoods
- Delaware
- Hardwick Township - Warren County
- Knowlton Township - Warren County
- Smithfield Township - Monroe County
- Stroud Township - Monroe County
- Upper Mount Bethel Township - Northampton County
- White Township - Warren County
- Lower Mount Bethel Township - Northampton County
- Washington Township - Northampton County
- Minisink Hills
- Bridgeville
- East Bangor
- Hope Township - Warren County
- Victoria Heights
- Brookfield
- Water Gap Watch
- College Heights
- Hainesburg
- College Hill Estates
- Franklin Hill Acres
Cities
No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.
Listing Courtesy of Realty Solutions of Pa
Based on information from one of the following Multiple Listing Services: BRIGHT, Greator Scranton Board of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by BRIGHT, Greator Scranton Board of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.