853 Drinker Turnpike, Covington Twp, PA 18424
$225,000
Property Type:
Residential Income
Bedrooms:
6
Baths:
5
Square Footage:
3,512
Status:
Closed
Current Price:
$225,000
List Date:
9/07/2025
Last Modified:
12/01/2025
Description
4-Unit Investment Property with Strong Income Potential- Priced to Sell!! Don't Wait to See it... Run, Don't Walk!! This fully 4-unit property is a prime opportunity for investors seeking immediate cash flow and long-term value. One unit is already rented, and the tenant is a great asset—reliable and helpful with property maintenance and minor repairs. Recent upgrades throughout the property include: * Four new water heaters *Split electric for all units, maximizing efficiency *Well Water and Public Sewer. Each unit electric is separately metered, giving tenants full responsibility for their own utility usage. Whether you're looking to live in one unit and rent out the rest, or simply add a low-maintenance building to your portfolio, this property is ready to perform. Seller only pays for Oil heat for property and Sewer. Water is Well!! A Little TLC and this property will be a CASH COW!! Grab it now- before it is too late. Seller prefers Cash, Hard money and/or Local Lender for Conventional financing.
More Information MLS# PW-252973
Contract Information
Property Attached YN: No
Listing Service: Full Service
Current Price: $225,000
Sold Price: $225,000
Status: Closed
Listing Contract Date: 2025-08-08
Property Sub Type: Multi Family
Location, Tax, and Legal
Municipality: Covington Township
City Region: Covington Twp
High School District: North Pocono School District
County Tax Amount: 756.05
Municipal Tax Amount: 121.24
School Tax Amount: 1878.32
Tax Annual Amount: 3193.13
Tax Year: 2025
Tax Assessed Value: 11828
Parcel Number: 21202020028
Additional Parcels YN: No
Zoning: Residential
Zoning Description: Multi-Family
Tax Book Number: 202510557
General Property Information
Number Of Buildings: 1
Number Of Units Total: 4
Bathrooms Half: 0
Above Grade Finished Area: 3512
Below Grade Finished Area: 701
Lot Size Acres: 0.2
Lot Size Dimensions: 60X150X54X152
Association YN: No
Year Built Source: Assessor
New Construction YN: No
Garage YN: No
Garage Spaces: 0
Waterfront YN: No
Water Body Name: None
Open Parking Spaces: 6
Parking Total: 6
Land Lease YN: No
Senior Community YN: No
View YN: No
Basement YN: Yes
Furnished: Unfurnished
Stories: 2
Fireplace YN: No
Units Furnished: None
Spa YN: No
Rent Control YN: No
List Price/SqFt: 82.29
Sold Price/SqFt: 64.07
Bedrooms Total: 6
Bathrooms Total: 5
Bathrooms Full: 5
Living Area: 3512
Year Built: 1880
Remarks and Miscellaneous
Public Remarks: 4-Unit Investment Property with Strong Income Potential- Priced to Sell!! Don't Wait to See it... Run, Don't Walk!! This fully 4-unit property is a prime opportunity for investors seeking immediate cash flow and long-term value. One unit is already rented, and the tenant is a great asset—reliable and helpful with property maintenance and minor repairs. Recent upgrades throughout the property include: * Four new water heaters *Split electric for all units, maximizing efficiency *Well Water and Public Sewer. Each unit electric is separately metered, giving tenants full responsibility for their own utility usage. Whether you're looking to live in one unit and rent out the rest, or simply add a low-maintenance building to your portfolio, this property is ready to perform. Seller only pays for Oil heat for property and Sewer. Water is Well!! A Little TLC and this property will be a CASH COW!! Grab it now- before it is too late. Seller prefers Cash, Hard money and/or Local Lender for Conventional financing.
Status Change Information
Concessions: No
Buyer Financing: Conventional
Major Change Timestamp: 2025-12-01T17:45:29Z
Major Change Type: Status Change
Price Change Timestamp: 2025-09-24T01:59:49Z
Purchase Contract Date: 2025-10-24
Close Date: 2025-11-28
Close Price: 225000
Appliances
Free-Standing Electric Range: 1
Refrigerator: 1
Architectural Style
See Remarks: 1
Basement
Concrete: 1
Sump Pump: 1
Unfinished: 1
Walk-Out Access: 1
Community Features
None: 1
Cooling
None: 1
Current Financing
None: 1
Current Use
Multi-Family: 1
Electric
Circuit Breakers: 1
Exterior Features
Rain Gutters: 1
Fencing
None: 1
Flooring
Carpet: 1
Hardwood: 1
Linoleum: 1
Foundation Details
Block: 1
Heating
Oil: 1
Laundry Features
None: 1
Levels
Two: 1
Listing Terms
1031 Exchange: 1
Cash: 1
Conventional: 1
Lot Features
Back Yard: 1
Other Structures
None: 1
Parking Features
Driveway: 1
Gravel: 1
Patio And Porch Features
Front Porch: 1
Pool Features
None: 1
Possession
Close Of Escrow: 1
Property Condition
Fixer: 1
Road Responsibility
Public Maintained Road: 1
Road Surface Type
Paved: 1
Roof
Asphalt: 1
Shingle: 1
Sewer
Public Sewer: 1
Structure Type
Multi Family: 1
Quadruplex: 1
Utilities
Electricity Connected: 1
Sewer Connected: 1
Water Connected: 1
Water Source
Private: 1
Well: 1
Unit 1
Unit #: A
Actual Rent: 0
SqFt Total: 610
Baths Total: 1
Beds Total: 1
Rooms Total: 4
Dining Room YN: No
Kitchen YN: Yes
Living Room YN: Yes
Occupied YN: No
Unit 2
Unit #: B
Actual Rent: 750
SqFt Total: 610
Baths Total: 1
Beds Total: 1
Rooms Total: 4
Dining Room YN: No
Kitchen YN: Yes
Living Room YN: Yes
Occupied YN: Yes
Unit 3
Unit #: C
Actual Rent: 0
SqFt Total: 1218
Baths Total: 2
Beds Total: 2
Rooms Total: 6
Dining Room YN: No
Kitchen YN: Yes
Living Room YN: Yes
Occupied YN: No
Unit 4
Unit #: D
Actual Rent: 0
SqFt Total: 916
Baths Total: 1
Beds Total: 2
Rooms Total: 5
Dining Room YN: No
Kitchen YN: Yes
Living Room YN: Yes
Occupied YN: No
Owner Pays
Taxes: 1
Tenant Pays
Electricity: 1
Meter Information
Number Of Separate Electric Meters: 4
Income Includes
Rent Only: 1
Location Tax and Legal
Street Number: 853
Street Name: Drinker
Street Suffix: Turnpike
County: Lackawanna
State: PA
Postal Code: 18424
Subdivision Name: Pocono Farms
Property Features
Appliances: Free-Standing Electric Range; Refrigerator
Architectural Style: See Remarks
Basement: Concrete; Sump Pump; Unfinished; Walk-Out Access
Community Features: None
Cooling: None
Current Financing: None
Current Use: Multi-Family
Electric: Circuit Breakers
Exterior Features: Rain Gutters
Fencing: None
Flooring: Carpet; Hardwood; Linoleum
Foundation Details: Block
Heating: Oil
Income Includes: Rent Only
Laundry Features: None
Levels: Two
Listing Terms: 1031 Exchange; Cash; Conventional
Lot Features: Back Yard
Other Structures: None
Owner Pays: Taxes
Parking Features: Driveway; Gravel
Patio And Porch Features: Front Porch
Pool Features: None
Possession: Close Of Escrow
Property Condition: Fixer
Road Responsibility: Public Maintained Road
Road Surface Type: Paved
Roof: Asphalt; Shingle
Sewer: Public Sewer
Structure Type: Multi Family; Quadruplex
Tenant Pays: Electricity
Utilities: Electricity Connected; Sewer Connected; Water Connected
Water Source: Private; Well
Listing Office:
EXP Realty
Last Updated: December - 01 - 2025
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