About this home

Welcome to 1697 Electric Ave 5-unit multi-family property in Lackawanna offering an outstanding investment opportunity. This unique property features two buildings on one parcel-the front building with three apartments and the rear building with two additional units 5 full Bathrooms -all currently occupied for immediate rental income $4620 per month in rent. Perfect for investors or owner-occupants, the property includes some vinyl siding, solid mechanical systems, a sump pump, and a large driveway providing ample off-street parking for tenants. Conveniently located near shopping, dining, public transportation, and major highways, this versatile multi-unit property delivers strong rental income potential and long-term value.

Facts and features

Schools

• Lackawanna Middle School

  middle · 6-8 · 1.3 mi

  2

• Lackawanna High School

  high · 9-12 · 1.3 mi

  2

• Martin Road Elementary School

  elementary · 2-5 · 0.6 mi

  3

• Our Lady Of Victory

  elementary · K-8 · 0.9 mi

• Baker Hall School

  elementary · 0.9 mi

• Baker Victory Services

  elementary · K-12 · 1.0 mi

Price history

• Aug 18, 2026 · Listed$299,900
• Aug 11, 2026 · Price Changed$299,900
• Jun 16, 2026 · Listed$369,900
• May 3, 2023 · Listing Removed—
• Apr 12, 2023 · Listed For Rent$875
• Jan 17, 2023 · Listing Removed—
• Jan 13, 2023 · Listed For Rent$875
• Aug 12, 2022 · Listing Removed—

Tax history

• 2026$4,231 tax · $180,000 assessed
• 2025$4,178 tax · $180,000 assessed
• 2024$4,495 tax · $180,000 assessed
• 2023$4,120 tax · $149,000 assessed
• 2022$3,707 tax · $149,000 assessed
• 2021$3,905 tax · $149,000 assessed
• 2020$1,742 tax · $81,500 assessed
• 2018$2,434 tax · $81,500 assessed

Where it is