For sale

$349,900

224 River St, Olyphant, PA 18447

8beds

4,153sqft

$2,431/mo

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Multi Family

Built in 1930

-- sqft lot

$-- Zestimate^®

$84/sqft

$-- HOA

What's special

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.

22 days
536
30

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 8
Bathrooms: 6
Full bathrooms: 6

Heating

Forced Air, Separate Meters, Natural Gas

Cooling

None

Appliances

Included: Gas Oven, Water Heater, Refrigerator, Gas Range
Laundry: In Unit

Features

Eat-in Kitchen
Flooring: Combination
Basement: Full,Unfinished

Interior area

Total structure area: 4,153
Total interior livable area: 4,153 sqft
Finished area above ground: 4,153
Finished area below ground: 0

Property

Parking

Parking features: Asphalt, Off Street, On Street, Driveway
Has uncovered spaces: Yes

Features

Levels: Two
Stories: 2
Patio & porch: Porch, Rear Porch
Exterior features: Balcony, Private Yard
On waterfront: Yes
Waterfront features: River Front
Body of water: Lackawanna River
Frontage type: River

Lot

Size: 7,405 Square Feet
Dimensions: 148 x 50
Features: Back Yard, City Lot

Details

Additional structures: Second Residence
Parcel number: 11406060010
Zoning: Multi Family
Zoning description: Multi-Family

Construction

Type & style

Home type: MultiFamily
Architectural style: Multiple Buildings
Property subtype: Multi Family

Materials

Roof: Shingle

Condition

Updated/Remodeled
New construction: No
Year built: 1930

Utilities & green energy

Electric: 200+ Amp Service
Sewer: Public Sewer
Water: Public
Utilities for property: Electricity Connected, Water Connected, Sewer Connected, Natural Gas Connected

Community & HOA

Community

Security: Smoke Detector(s)

HOA

Has HOA: No

Location

Region: Olyphant

Financial & listing details

Price per square foot: $84/sqft
Tax assessed value: $198,660
Annual tax amount: $3,421
Date on market: 9/1/2026
Listing terms: 1031 Exchange,Conventional,Cash
Inclusions: Gas ranges and refrigerators are owned by Landlord.
Exclusions: Washer/Dryer units are owned by tenants.
Tenant pays: Electricity, Water, Hot Water, Gas
Electric utility on property: Yes
Road surface type: Paved

Estimated market value

Not available

Estimated sales range

Not available

$1,646/mo

Price history

Date	Event	Price
9/1/2026	Listed for sale	$349,900$84/sqft
Source: GSBR as distributed by MLS GRID #SC264338 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$3,380 +13.7%	$14,000
2024	$2,973 +4.4%	$14,000
2023	$2,847 +2.8%	$14,000
2022	$2,769	$14,000
2021	$2,769 +7%	$14,000
2020	$2,587 +1.9%	$14,000
2018	$2,538 +60.1%	$14,000
2017	$1,586	$14,000
2016	--	$14,000
2015	--	$14,000