507 Delaware Avenue, Portland, PA 18351
New Listing
$599,000
Property Type:
Residential Income
Square Footage:
5,500
Lot Size (sq. ft.):
3,528
Status:
Active
Current Price:
$599,000
List Date:
5/01/2026
Last Modified:
5/01/2026
Listing Details MLS# PM-140888
General Property Information
- Bathrooms Full
- 4
- Bathrooms Half
- Yes
- Above Grade Finished Area
- 4500
- Building Area Total
- 5500
- Building Area Source
- Public Records
- Stories
- 3
- Number Of Buildings
- Yes
- Year Built
- 1900
- Year Built Source
- Public Records
- Basement YN
- Yes
- Pool Private YN
- No
- Garage YN
- No
- Carport YN
- No
- Open Parking YN
- Yes
- Lot Size Acres
- 0.081
- Water Body Access YN
- No
- Association YN
- No
- List Price/SqFt
- 108.91
- Below Grade Finished Area
- 0
- Open Parking Spaces
- 0
Property Features
Special Listing Conditions:
Standard
Listing Terms:
Cash; Conventional
Owner Pays:
Water; Sewer; Insurance; Taxes; Trash Collection
Tenant Pays:
Electricity; Telephone; Cable TV
Contract Information
- Property Sub Type
- Multi Family
- Property Attached YN
- No
- Listing Contract Date
- 2026-04-30
- Listing Service
- Full Service
Location Tax and Legal
- County
- Northampton
- Street Number
- 507
- Street Name
- Delaware
- Street Suffix
- Avenue
- City (Post Office)
- Portland
- State
- PA
- Postal Code
- 18351
- Subdivision Name
- None
Remarks and Miscellaneous
- Public Remarks
- Stunning turnkey investment property in Historic Portland. This beautifully maintained property offers breathtaking views of the Delaware River and walking bridge from Second fl. With all units currently rented, this income producing building features 5 units in total. 3 one bedroom apartments upstairs, a two bedroom unit on first floor and a commercial storefront occupied by a popular chocolate shop. All tenants are long-term well-established. Recent upgrades include new electrical panel boxes installed in the 3 second floor units new flooring in hall. new electric service at meter box sewer pipes in basement converted to PVC, Upgraded lighting in 2nd fl hallway, installed emergency lighting and illuminated exit signs, installed missing GFCI outlets, installed handrail on fron steps and guard rails on rear and besement steps, . Additional unit 2A was fully remodeled in 2022 and Unit 2C was remodeled as well. This property provided an excellent opportunity to add a lucrative asset to your portfolio with solid passive income and potential for growth. Property also has been approved for a facade improvement grant which may be transferred to new owner.
Income and Expenses
- Gross Income
- 58200
- Net Operating Income
- 43342
- Operating Expense
- 14858
More Information
Unit 1
- Unit #
- 1A
- Occupied YN
- Yes
- Actual Rent
- 1100
- SqFt Total
- 1000
- Rooms Total
- 4
- Kitchen YN
- Yes
- Dining Room YN
- No
- Living Room YN
- Yes
Unit 2
- Unit #
- 1B
- Occupied YN
- Yes
- Actual Rent
- 500
- SqFt Total
- 1550
- Rooms Total
- 4
- Kitchen YN
- No
- Dining Room YN
- No
- Living Room YN
- No
Unit 3
- Unit #
- 2A
- Occupied YN
- Yes
- Actual Rent
- 1150
- SqFt Total
- 650
- Rooms Total
- 4
- Kitchen YN
- Yes
- Dining Room YN
- Yes
- Living Room YN
- Yes
Unit 4
- Unit #
- 2B
- Occupied YN
- Yes
- Actual Rent
- 900
- SqFt Total
- 650
- Rooms Total
- 4
- Kitchen YN
- Yes
- Dining Room YN
- Yes
- Living Room YN
- Yes
Unit 5
- Unit #
- 2C
- Occupied YN
- Yes
- Actual Rent
- 1200
- SqFt Total
- 650
- Rooms Total
- 4
- Kitchen YN
- Yes
- Dining Room YN
- No
- Living Room YN
- Yes
Location, Tax, and Legal
- Parcel Number
- B11SE3C6-14
- Municipality
- Upper Nazareth Township
- County Tax Amount
- 474.12
- Municipal Tax Amount
- 1009.7
- School Tax Amount
- 2519.86
- Tax Annual Amount
- 4003.68
- Tax Assessed Value
- 43900
- Tax Book Number
- 2025-1/45333
- Zoning Description
- Commercial
Currently Not Used
- Number Of Units Total
- 5
Special Listing Conditions
- Standard
- Yes
Listing Terms
- Cash
- Yes
- Conventional
- Yes
Owner Pays
- Water
- Yes
- Sewer
- Yes
- Insurance
- Yes
- Taxes
- Yes
- Trash Collection
- Yes
Tenant Pays
- Electricity
- Yes
- Telephone
- Yes
- Cable TV
- Yes
Oil, Gas and Mineral Rights
- Property Subject To Lease
- No
Listing Office:
Realty Solutions of PA
Last Updated: May - 01 - 2026
Information deemed reliable but not guaranteed.
