432 Lackawanna Street, Forest City

Forest City, PA, 18421 · MLS #25-319

$216,000

Sold March 2025

432 Lackawanna Street, Forest City in Forest City

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Approximate location · View larger map

Units

4,000

Building SF

$54

Per Sq Ft

Last List Price

$199,900

Sold For

$216,000

Against Asking

Sold 8.1% above asking

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About This Property

Bring your investors to see this income-generating triplex with high cap rate! Fully occupied provides for turnkey convenience and a proven rental performance. It's total 4000sf with 8 bedrooms, 5 bathrooms and off-street parking for 3 cars, and separate utilities. The well-maintained building has received a fresh coat of paint and updated flooring. Perfect for an Owner-Occupied Buyer as well!

This property has sold and is no longer on the market. It sold for $216,000 in March 2025. Contact us for other recent sales nearby. Listed by Lewith & Freeman, Shavertown.

Property Details

The Property

Property Type: Residential Income
Sub-Type: Multi Family
Style: 3 or More Units
Condition: Good

Interior

Basement: Full, Unfinished, Partial
Interior Features: Drywall, Paneling, Plaster
Included: Stoves, Refrigerators, Dishwashers, Microwaves

Systems

Heating: Natural Gas, Baseboard
Water: Public
Sewer: Public Sewer

Exterior & Lot

Roof: Composition
Lot Dimensions: 5225

Location

County: Susquehanna County
School District: Other - See Remarks
Zoning: Residential

Costs & Listing

Annual Taxes: $1,465
Gross Income: $34,500
Net Operating Income: $25,388
Cap Rate: 12.7%
MLS #: 25-319
Listed By: Lewith & Freeman, Shavertown

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