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224 N River Street, Olyphant, PA 18447

$349,900
Property Type: Residential Income Bedrooms: 8 Baths: 6 Lot Size (sq. ft.): 7,405 Status: Active
Current Price: $349,900 List Date: 9/01/2026 Last Modified: 9/01/2026

Overview

Description

Investor Special! Your opportunity to own a 6-unit multifamily property in the heart of Olyphant, situated along the Lackawanna River & close to walking trails, restaurants, & shoppes. The property features a 4-unit building in the front and a 2-unit building in the rear, offering excellent flexibility with long term month to month tenants with more income potential. The property has been well maintained & many of the units have been upgraded already. A great opportunity for an investor looking to add a solid multifamily property to their portfolio with the potential for future rental growth and continued improvements.

Listing Details MLS# SC-264338

General Property Information

Number Of Buildings
2
Number Of Units Total
6
Bedrooms Total
8
Bathrooms Total
6
Bathrooms Full
6
Above Grade Finished Area
4153
Above Grade Unfinished Area
870
Below Grade Unfinished Area
2154
Living Area
4153
Enhanced Accessible
No
Year Built
1930
Year Built Source
Owner
New Construction YN
No
Garage YN
No
Lot Size Acres
0.17
Lot Size Dimensions
148 X 50
Lot Dimensions Source
Public Records
Association YN
No
Waterfront YN
Yes
Water Body Name
Lackawanna River
Basement YN
Yes
Furnished
Unfurnished
Stories
2
Auction YN
No
List Price/SqFt
84.25

Property Features

Appliances: Gas Oven; Gas Range; Refrigerator; Water Heater Architectural Style: Multiple Buildings Basement: Full; Unfinished Cooling: None Current Financing: None Current Use: Investment; Multi-Family Electric: 200+ Amp Service Exterior Features: Balcony; Private Yard Financial Data Source: Owner Flooring: Combination Frontage Type: River Heating: Forced Air; Natural Gas; Separate Meters Interior Features: Eat-in Kitchen Laundry Features: In Unit Levels: Two Listing Terms: 1031 Exchange; Cash; Conventional Lot Features: Back Yard; City Lot Other Structures: Second Residence Owner Pays: Insurance; Sewer; Taxes Parking Features: Asphalt; Driveway; Off Street; On Street Patio And Porch Features: Porch; Rear Porch Possession: Negotiable Property Condition: Updated/Remodeled Road Frontage Type: City Street Road Responsibility: Public Maintained Road Road Surface Type: Paved Roof: Shingle Security Features: Smoke Detector(s) Sewer: Public Sewer Showing Requirements: Appointment Only; No Lockbox; Occupied; Pet(s) on Premises; Restricted Hours; Showing Service Structure Type: Multi Family Tenant Pays: Electricity; Gas; Hot Water; Water Utilities: Electricity Connected; Natural Gas Connected; Sewer Connected; Water Connected View: River Water Source: Public

Contract Information

Listing Contract Date
2026-09-01
Property Sub Type
Multi Family
Listing Agreement
Exclusive Right To Sell
Listing Service
Full Service
Owner Name
Armond Cassetori Jr

Location Tax and Legal

Street Number
224
Street Direction Prefix
N
Street Name
River
Street Suffix
Street
State
PA
Postal Code
18447
County
Lackawanna

Remarks and Miscellaneous

Public Remarks
Investor Special! Your opportunity to own a 6-unit multifamily property in the heart of Olyphant, situated along the Lackawanna River & close to walking trails, restaurants, & shoppes. The property features a 4-unit building in the front and a 2-unit building in the rear, offering excellent flexibility with long term month to month tenants with more income potential. The property has been well maintained & many of the units have been upgraded already. A great opportunity for an investor looking to add a solid multifamily property to their portfolio with the potential for future rental growth and continued improvements.
Inclusions
Gas ranges and refrigerators are owned by Landlord.
Exclusions
Washer/Dryer units are owned by tenants.

Status Change Information

Major Change Timestamp
2026-09-01T19:26:11Z
Major Change Type
New Listing
Status Change Timestamp
2026-09-01

More Information

Income and Expenses

Annual Total Expense
8264.05
Gross Income
43260
Insurance Expense
3763
Net Operating Income
34995.95
New Taxes Expense
3421.05
Sewer Expense
1080

Unit 1

Unit #
1st Flr Left- 4unit
Actual Rent
700
SqFt Total
737.5
Dining Room YN
No
Kitchen YN
Yes
Living Room YN
Yes
Occupied YN
Yes
Lease Expiration Date
2027-04-01
Unit Remarks
Lease 12 month -Sec8

Unit 2

Unit #
1st Flr Right-4 unit
Actual Rent
600
SqFt Total
737.5
Dining Room YN
No
Kitchen YN
Yes
Living Room YN
Yes
Occupied YN
Yes
Unit Remarks
Month to Month

Unit 3

Unit #
2nd Flr Left-4 unit
Actual Rent
500
SqFt Total
660
Dining Room YN
No
Kitchen YN
Yes
Living Room YN
Yes
Occupied YN
Yes

Unit 4

Unit #
2nd Flr Right -4unit
Actual Rent
550
SqFt Total
660
Dining Room YN
Yes
Kitchen YN
Yes
Living Room YN
No
Occupied YN
Yes

Unit 5

Unit #
1st Flr - Rear
Actual Rent
665
SqFt Total
679
Dining Room YN
No
Kitchen YN
Yes
Living Room YN
Yes
Occupied YN
Yes

Unit 6

Unit #
2nd Flr - Rear
Actual Rent
600
SqFt Total
679
Dining Room YN
Yes
Kitchen YN
Yes
Living Room YN
Yes
Occupied YN
Yes

Meter Information

Number Of Separate Electric Meters
6
Number Of Separate Gas Meters
6
Number Of Separate Water Meters
6
Listing Office: Keller Williams Real Estate-Clarks Summit
Last Updated: September - 01 - 2026
Information deemed reliable but not guaranteed.
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