About this home

OPEN HOUSE OCTOBER 4 12:30-2:00!! Turnkey 3-unit investment opportunity in a highly convenient location! This well-maintained 3-unit income-producing property is located at 1200 S Main St in Old Forge, just minutes from a variety of popular restaurants, local businesses, public transportation, and everyday amenities. The property features updated apartments and numerous recent improvements, making this an attractive opportunity for an investor seeking a property with solid income and significant capital improvements already completed. Property Highlights: 3 income-producing units, Approximately $37,000 annual Net Operating Income (NOI), 10 CAP, New roof installed in 2021, Updated apartments, Newer water heaters (2021, 2024, 2026), New furnace. Convenient location near restaurants, businesses, and bus transportation. Excellent opportunity to add to an investment portfolio major building components and mechanical systems recently updated, this property offers investors the opportunity to acquire an income-producing multifamily property without the immediate capital expenses associated with many older buildings.Great location + established rental income + recent improvements make this a compelling multifamily investment opportunity. Contact Eric today for financial information, additional property details, or to schedule a private showing.

Facts and features

Schools

• Old Forge Junior-Senior High School

  middle · 7-12 · 0.9 mi

  7

• Old Forge El School

  elementary · K-6 · 1.0 mi

  6

• Tiny Tots Learning Center

  elementary · 0.8 mi

• Holy Rosary Elementary School

  elementary · K-8 · 0.9 mi

• Triboro Christian Academy

  elementary · PK-12 · 1.1 mi

Price history

• Oct 1, 2026 · Listed$379,900
• Aug 27, 2024 · Sold$269,000
• Feb 28, 2019 · Sold$33,500
• Dec 1, 2015 · Sold$80,000
• Oct 16, 1998 · Listed$89,900
• Oct 6, 1998 · Sold$80,000

Tax history

• 2026$4,045 tax · $237,680 assessed
• 2024$2,585 tax · $11,000 assessed
• 2023$2,544 tax · $11,000 assessed
• 2022$2,458 tax · $11,000 assessed
• 2021$2,391 tax · $11,000 assessed
• 2020$2,364 tax · $11,000 assessed
• 2019$2,265 tax · $11,000 assessed
• 2018$2,243 tax · $11,000 assessed

Where it is