Pikeliving


$175,000
88-90 Depot Street
Forest City, PA 18421
MLS# PW-260621
5 beds  |  2 baths  |  2240 sqft


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Property Description
TURNKEY DUPLEX | IMMEDIATE CASH FLOW | FULLY OCCUPIED | HOUSE HACK OR INVEST WITH CONFIDENCE Welcome to 88-90 Depot Street in Forest City, Pennsylvania--an income-producing multi-family property positioned for both seasoned investors and first-time buyers looking to offset their mortgage through rental income. Fully occupied and professionally maintained, this duplex delivers immediate returns with minimal operational complexity. Reliable Income with Built-In Flexibility Both units are currently leased on month-to-month agreements, offering consistent cash flow today with the option to adjust rents or pursue owner-occupancy in the future. Tenants pay electric and heat, while water and sewer remain landlord-covered--keeping expenses predictable and streamlined.Well-Configured, High-Demand Units.The property features two spacious units, each approximately 1,100 square feet. Unit 90 offers three bedrooms and one bathroom, while Unit 88 includes two bedrooms and one bathroom. Interiors have been updated and maintained in solid condition, supporting strong tenant retention and ongoing rental demand. Designed for Performance and Low Overhead Off-street parking enhances tenant appeal, while the overall condition of the property reflects consistent upkeep and reduced capital expenditure expectations. Functional layouts and practical design make this an attractive option for long-term renters. Strategic Location with Steady Demand Located in the center of Forest City, the property benefits from a reliable rental market driven by affordability and convenience. Close proximity to shops, dining, schools, and parks supports consistent occupancy and long-term stability--key factors for any successful investment.A Smart Entry Point or Portfolio Addition.This duplex offers a compelling combination of cash flow, flexibility, and future upside. Live in one unit and rent the other or continue operating as a fully leased asset.Immediate income. Proven stability. Long-term potential.

Details
Documents
Contract Information
Listing Service: Full Service
Current Price: $175,000
List Price: $175,000
Status: Active
Listing Contract Date: 2026-03-13
Property Sub Type: Duplex
Location, Tax, and Legal
Municipality: Forest City Borough
High School District: Forest City Regional School District
County Tax Amount: 750
Municipal Tax Amount: 375
School Tax Amount: 1280.13
Tax Annual Amount: 2405.13
Tax Year: 2025
Tax Assessed Value: 30200
Parcel Number: 268.07-6,011.00,000.
Zoning: Residential
Tax Book Number: 201904460
General Property Information
Number Of Units Total: 2
Bathrooms Half: 0
Above Grade Finished Area: 2240
Below Grade Finished Area: 0
Lot Size Acres: 0.1
Lot Size Dimensions: 50x90
Lot Dimensions Source: Public Records
Association YN: No
Year Built Source: Public Records
New Construction YN: No
Garage Spaces: 0
Waterfront YN: No
Water Body Name: None
View YN: No
Stories: 2
List Price/SqFt: 78.13
Bedrooms Total: 5
Bathrooms Total: 2
Bathrooms Full: 2
Living Area: 2240
Year Built: 1930
Remarks and Miscellaneous
Public Remarks: TURNKEY DUPLEX | IMMEDIATE CASH FLOW | FULLY OCCUPIED | HOUSE HACK OR INVEST WITH CONFIDENCE Welcome to 88-90 Depot Street in Forest City, Pennsylvania--an income-producing multi-family property positioned for both seasoned investors and first-time buyers looking to offset their mortgage through rental income. Fully occupied and professionally maintained, this duplex delivers immediate returns with minimal operational complexity. Reliable Income with Built-In Flexibility Both units are currently leased on month-to-month agreements, offering consistent cash flow today with the option to adjust rents or pursue owner-occupancy in the future. Tenants pay electric and heat, while water and sewer remain landlord-covered--keeping expenses predictable and streamlined.Well-Configured, High-Demand Units.The property features two spacious units, each approximately 1,100 square feet. Unit 90 offers three bedrooms and one bathroom, while Unit 88 includes two bedrooms and one bathroom. Interiors have been updated and maintained in solid condition, supporting strong tenant retention and ongoing rental demand. Designed for Performance and Low Overhead Off-street parking enhances tenant appeal, while the overall condition of the property reflects consistent upkeep and reduced capital expenditure expectations. Functional layouts and practical design make this an attractive option for long-term renters. Strategic Location with Steady Demand Located in the center of Forest City, the property benefits from a reliable rental market driven by affordability and convenience. Close proximity to shops, dining, schools, and parks supports consistent occupancy and long-term stability--key factors for any successful investment.A Smart Entry Point or Portfolio Addition.This duplex offers a compelling combination of cash flow, flexibility, and future upside. Live in one unit and rent the other or continue operating as a fully leased asset.Immediate income. Proven stability. Long-term potential.
Architectural Style
Duplex Side by Side: 1
Current Use
Multi-Family: 1
Flooring
Carpet: 1
Laminate: 1
Heating
Baseboard: 1
Electric: 1
Laundry Features
Electric Dryer Hookup: 1
Washer Hookup: 1
Listing Terms
Cash: 1
Conventional: 1
Possession
Close Of Escrow: 1
Road Surface Type
Asphalt: 1
Roof
Asphalt: 1
Sewer
Public Sewer: 1
Structure Type
Duplex: 1
Income and Expenses
Total Actual Rent: 2000
Unit 1
Unit #: 88
Actual Rent: 800
SqFt Total: 1100
Baths Total: 1
Beds Total: 2
Dining Room YN: Yes
Kitchen YN: Yes
Living Room YN: Yes
Occupied YN: Yes
Unit 2
Unit #: 90
Actual Rent: 1200
SqFt Total: 1100
Baths Total: 1
Beds Total: 3
Dining Room YN: Yes
Kitchen YN: Yes
Living Room YN: Yes
Occupied YN: Yes
Tenant Pays
Electricity: 1
Meter Information
Number Of Separate Electric Meters: 2
Location Tax and Legal
Street Number: 88-90
Street Name: Depot
Street Suffix: Street
County: Susquehanna
State: PA
Postal Code: 18421
Subdivision Name: None
Status Change Information
Major Change Timestamp: 2026-04-21T22:47:02Z
Major Change Type: Price Reduced
Price Change Timestamp: 2026-04-21T22:47:02Z
Property Features
Architectural Style: Duplex Side by Side
Current Use: Multi-Family
Flooring: Carpet; Laminate
Heating: Baseboard; Electric
Laundry Features: Electric Dryer Hookup; Washer Hookup
Listing Terms: Cash; Conventional
Possession: Close Of Escrow
Road Surface Type: Asphalt
Roof: Asphalt
Sewer: Public Sewer
Structure Type: Duplex
Tenant Pays: Electricity

Listing Office: Keller Williams RE Hawley

Last Updated: April - 22 - 2026

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