535 Chestnut Street, Dunmore, PA 18512

$489,900
Property Type: Residential Income Bedrooms: 10 Baths: 4 Lot Size (sq. ft.): 5,619 Status: Active
Current Price: $489,900 List Date: 9/05/2026 Last Modified: 9/05/2026

Overview

Description

Excellent investment opportunity featuring four total units at the corner of Chestnut Street and Somers Street. The property consists of a three-unit apartment building at 535 Chestnut Street and a separate single-family ranch home at 103 Somers Street with a built-in garage beneath. The three-unit building offers separate electric service for each unit, while the landlord currently pays heat and water/sewer. The single-family residence has its own separate utilities. Long-term tenants provide stable occupancy, making this an attractive income-producing property for investors seeking immediate cash flow. Conveniently located near local amenities, shopping, and major transportation routes. Whether you're looking to expand your portfolio or acquire a well-established investment property, this multi-building package presents a unique opportunity.

Listing Details MLS# SC-262985

General Property Information

Number Of Units Total
4
Bedrooms Total
10
Bathrooms Total
4
Bathrooms Full
4
Above Grade Finished Area
4962
Living Area
4962
Enhanced Accessible
No
Year Built
1940
Year Built Source
Estimated
New Construction YN
No
Garage Spaces
2
Parking Total
6
Lot Size Acres
0.129
Lot Size Dimensions
153X125X88
Waterfront YN
No
Basement YN
Yes
Stories
2
Auction YN
No
List Price/SqFt
98.73

Property Features

Basement: Full

Contract Information

Listing Contract Date
2026-06-24
Property Sub Type
Multi Family
Listing Agreement
Exclusive Right To Sell
Owner Name
Ash & Bri LLC

Location Tax and Legal

Street Number
535
Street Name
Chestnut
Street Suffix
Street
State
PA
Postal Code
18512
County
Lackawanna

Remarks and Miscellaneous

Public Remarks
Excellent investment opportunity featuring four total units at the corner of Chestnut Street and Somers Street. The property consists of a three-unit apartment building at 535 Chestnut Street and a separate single-family ranch home at 103 Somers Street with a built-in garage beneath. The three-unit building offers separate electric service for each unit, while the landlord currently pays heat and water/sewer. The single-family residence has its own separate utilities. Long-term tenants provide stable occupancy, making this an attractive income-producing property for investors seeking immediate cash flow. Conveniently located near local amenities, shopping, and major transportation routes. Whether you're looking to expand your portfolio or acquire a well-established investment property, this multi-building package presents a unique opportunity.

Status Change Information

Major Change Timestamp
2026-09-05T23:19:25Z
Major Change Type
Back on Market
Status Change Timestamp
2026-09-05
Back on Market Date
2026-09-05

More Information

Income and Expenses

Annual Total Expense
15211
Gross Income
50820
Heat Expense
3600
Insurance Expense
2500
Net Operating Income
35609
New Taxes Expense
3111.87
Sewer Expense
3000
Water Expense
3000

Unit 1

Unit #
535 Chestnut1st F
SqFt Total
988
Dining Room YN
No
Kitchen YN
Yes
Unit Remarks
Vacant For Showings

Unit 2

Unit #
535 Chestnut 1st R
Actual Rent
875
SqFt Total
988
Dining Room YN
No
Kitchen YN
Yes

Unit 3

Unit #
535 Chestnut 2nd Fl
Actual Rent
1460
SqFt Total
1976
Dining Room YN
No
Kitchen YN
Yes

Unit 4

Unit #
103 Sommers
Actual Rent
1025
SqFt Total
1010
Dining Room YN
Yes
Kitchen YN
Yes
Listing Office: Christian Saunders Real Estate
Last Updated: September - 05 - 2026
Information deemed reliable but not guaranteed.