607 S Valley Avenue, Olyphant, PA 18447

$225,000
Property Type: Residential Income Bedrooms: 4 Baths: 2 Square Footage: 1,992 Status: Active
Current Price: $225,000 List Date: 1/23/2026 Last Modified: 2/05/2026

Overview

Description

Versatile Multi-Unit Opportunity in the Heart of Olyphant! Unlock the potential of this unique multi-family property located in the desirable Mid-Valley School District. Featuring two distinct residential units on a single lot, this property is a strategic find for savvy investors, house hackers, or multi-generational families looking for the perfect balance of proximity and privacy. Unit 1 offers a spacious two-story layout, featuring a large living area, dedicated dining room, and kitchen on the main floor. Upstairs, you'll find three comfortable bedrooms and a full bathroom. Unit 2 provides a convenient ranch-style floor plan with one bedroom, a large eat-in kitchen, and two flexible living or dining areas which is ideal for a guest house, rental, or in-law suite. While the ''bones'' are here, the property is ready for your creative touch. It needs some cosmetic sprucing and updates, offering a fantastic opportunity to build immediate sweat equity. This is a value-add opportunity for buyers who understand that paint, flooring, and minor upgrades can go a long way toward increasing equity and income potential. Situated just minutes from local shopping, dining, major employment hubs, and entertainment, the location is as convenient as it is quiet. Whether you want to live in one and let the other pay your mortgage, or add a high-potential asset to your portfolio, this Olyphant gem is ready for its next chapter.

Listing Details MLS# PW-260150

General Property Information

Number Of Buildings
Yes
Number Of Units Total
2
Bedrooms Total
4
Bathrooms Total
2
Bathrooms Full
2
Above Grade Finished Area
1992
Above Grade Unfinished Area
584
Living Area
1992
Year Built
1912
Year Built Source
Other
New Construction YN
No
Garage YN
No
Lot Size Acres
0.07
Association YN
No
Waterfront YN
No
Water Body Name
None
Stories
2
List Price/SqFt
112.95
Bathrooms Half
0
Below Grade Finished Area
0
Garage Spaces
0

Property Features

Appliances: Electric Range; Refrigerator; Washer Basement: Concrete; Crawl Space; Full; Unfinished Common Walls: No Common Walls Cooling: Ceiling Fan(s) Exterior Features: Awning(s) Flooring: Carpet; Linoleum; Vinyl Heating: Hot Water; Natural Gas Interior Features: Eat-in Kitchen; Laminate Counters Laundry Features: In Basement Parking Features: None Patio And Porch Features: Awning(s); Covered; Front Porch; Wrap Around Road Frontage Type: Alley; City Street Road Responsibility: Public Maintained Road Road Surface Type: Alley Paved; Paved Sewer: Public Sewer Water Source: Public

Contract Information

Listing Contract Date
2026-01-23
Property Sub Type
Multi Family
Listing Service
Full Service

Location Tax and Legal

Street Number
607
Street Direction Prefix
S
Street Name
Valley
Street Suffix
Avenue
County
Lackawanna
State
PA
Postal Code
18447
Subdivision Name
None

Remarks and Miscellaneous

Public Remarks
Versatile Multi-Unit Opportunity in the Heart of Olyphant! Unlock the potential of this unique multi-family property located in the desirable Mid-Valley School District. Featuring two distinct residential units on a single lot, this property is a strategic find for savvy investors, house hackers, or multi-generational families looking for the perfect balance of proximity and privacy. Unit 1 offers a spacious two-story layout, featuring a large living area, dedicated dining room, and kitchen on the main floor. Upstairs, you'll find three comfortable bedrooms and a full bathroom. Unit 2 provides a convenient ranch-style floor plan with one bedroom, a large eat-in kitchen, and two flexible living or dining areas which is ideal for a guest house, rental, or in-law suite. While the ''bones'' are here, the property is ready for your creative touch. It needs some cosmetic sprucing and updates, offering a fantastic opportunity to build immediate sweat equity. This is a value-add opportunity for buyers who understand that paint, flooring, and minor upgrades can go a long way toward increasing equity and income potential. Situated just minutes from local shopping, dining, major employment hubs, and entertainment, the location is as convenient as it is quiet. Whether you want to live in one and let the other pay your mortgage, or add a high-potential asset to your portfolio, this Olyphant gem is ready for its next chapter.

Status Change Information

Major Change Timestamp
2026-01-23T17:07:28Z
Major Change Type
New Listing

More Information

Unit 1

Unit #
Yes
SqFt Total
1935
Rooms Total
7
Dining Room YN
Yes
Kitchen YN
Yes
Living Room YN
Yes
Occupied YN
No
Actual Rent
0

Unit 2

Unit #
2
SqFt Total
642
Rooms Total
5
Dining Room YN
Yes
Kitchen YN
Yes
Living Room YN
Yes
Actual Rent
0

Meter Information

Number Of Separate Electric Meters
2
Number Of Separate Gas Meters
2
Number Of Separate Water Meters
2

Location, Tax, and Legal

Municipality
Blakely Borough
City Region
Olyphant
High School District
Mid-Valley School District
County Tax Amount
539.88
Municipal Tax Amount
63.6
School Tax Amount
884.09
Tax Annual Amount
1487.57
Tax Assessed Value
6000
Parcel Number
11418020019
Zoning
Residential
Tax Book Number
202508635

Appliances

Electric Range
Yes
Refrigerator
Yes
Washer
Yes

Basement

Concrete
Yes
Crawl Space
Yes
Full
Yes
Unfinished
Yes

Common Walls

No Common Walls
Yes

Cooling

Ceiling Fan(s)
Yes

Exterior Features

Awning(s)
Yes

Flooring

Carpet
Yes
Linoleum
Yes
Vinyl
Yes

Heating

Hot Water
Yes
Natural Gas
Yes

Interior Features

Eat-in Kitchen
Yes
Laminate Counters
Yes

Laundry Features

In Basement
Yes

Parking Features

None
Yes

Patio And Porch Features

Awning(s)
Yes
Covered
Yes
Front Porch
Yes
Wrap Around
Yes

Road Frontage Type

Alley
Yes
City Street
Yes

Road Responsibility

Public Maintained Road
Yes

Road Surface Type

Alley Paved
Yes
Paved
Yes

Sewer

Public Sewer
Yes

View

City
Yes

Water Source

Public
Yes

Documents

Listing Office: Davis R. Chant - Lake Wallenpaupack
Last Updated: February - 05 - 2026
Information displayed on this website on listings other than those of the website owner is displayed with permission of the Pike Wayne Association of REALTORS and Broker/Participants of the Pike Wayne MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is from sources deemed reliable but is not guaranteed. Prospective buyers should verify information independently.
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