400 Oak St Street, Old Forge, PA 18518

$410,000
8
BD
5
BA
8,200
SqFt

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Sold Price
$410,000
List Price
$399,000
Closing Date
Aug 14, 2026
MLS#
SC262738
Status
CLOSED
County
Lackawanna
City
Old Forge
Bedrooms
8
Bathrooms
5
Half-baths
2
Living Area
8,200
Acres
0.25

Property Description

Premier Mixed-Use Investment Opportunity in the Heart of Old Forge!Attention investors, this is the opportunity you've been waiting for! Situated on a highly visible corner lot in one of Old Forge's most desirable locations, this massive 5-unit mixed-use property offers the perfect combination of cash flow, stability, and upside potential.The property features 3 spacious residential units and 2 commercial hair salon spaces, creating multiple streams of income in a prime, walkable location. Just steps from Old Forge's renowned restaurants, local businesses, and Old Forge High School, this asset benefits from strong tenant demand and exceptional community appeal.Meticulously maintained by the current owners, the building boasts completely separate utilities, simplifying management and maximizing profitability. As an added bonus, the current owners are willing to lease back the garage from the new owner, providing an immediate income opportunity and added flexibility.Whether you're a first-time investor looking for a strong entry into commercial real estate or an experienced investor seeking a valuable addition to your portfolio, this property delivers. With solid existing income, room for future rent growth, and multiple value-add opportunities, the upside here is undeniable. Strong cash flow. Prime location. Separate utilities. Corner lot visibility. Endless potential. Opportunities like this rarely hit the market in Old Forge. Don't miss your chance to secure a standout investment property at an attractive price.Please note: No private showings will be held prior to the Open House on Saturday, June 13th from 12:00 PM - 2:00 PM.For additional information or questions, please call today!

Additional Information

Days on Market
66
Year Built
1965
Style
Multiple Buildings
Stories
2
Interior Features
Ceiling Fan(s), Natural Woodwork, Recessed Lighting, Eat-in Kitchen, Double Vanity, Crown Molding
Cooling
Ceiling Fan(s), Wall/Window Unit(s), Central Air
Heating
Baseboard, Varies by Unit, Steam, See Remarks, Hot Water, Forced Air
Exterior Features
Courtyard, Private Yard, Rain Gutters
Roof
Flat, Shingle, See Remarks, Rubber
Garage Spaces
2
School District
Old Forge

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Listing courtesy of Nisk Real Estate. Selling Office: Nisk Real Estate.