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507 Delaware Avenue, Portland, PA 18351

$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

Description

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.

More Information MLS# PM-140888

Contract Information

Property Attached YN: No Listing Service: Full Service Property Sub Type: Multi Family List Price: $599,000 Current Price: $599,000 Status: Active Listing Contract Date: 2026-04-30

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

General Property Information

Bathrooms Half: 1 Above Grade Finished Area: 4500 Below Grade Finished Area: 0 Building Area Source: Public Records Stories: 3 Number Of Buildings: 1 Year Built Source: Public Records Basement YN: Yes Pool Private YN: No Garage YN: No Carport YN: No Open Parking YN: Yes Open Parking Spaces: 0 Lot Size Acres: 0.081 Water Body Access YN: No Association YN: No List Price/SqFt: 108.91 Bathrooms Full: 4 Building Area Total: 5500 Year Built: 1900

Currently Not Used

Number Of Units Total: 5

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

Special Listing Conditions

Standard: 1

Listing Terms

Cash: 1 Conventional: 1

Owner Pays

Water: 1 Sewer: 1 Insurance: 1 Taxes: 1 Trash Collection: 1

Tenant Pays

Electricity: 1 Telephone: 1 Cable TV: 1

Oil, Gas and Mineral Rights

Property Subject To Lease: No

Unit 1

Unit #: 1A Occupied YN: Yes Actual Rent: 1100 SqFt Total: 1000 Rooms Total: 4 Beds Total: 2 Baths Total: 1 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 Baths Total: 1 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 Beds Total: 1 Baths Total: 1 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 Beds Total: 1 Baths Total: 1 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 Beds Total: 1 Baths Total: 1 Kitchen YN: Yes Dining Room YN: No Living Room YN: Yes

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

Property Features

Special Listing Conditions: Standard Listing Terms: Cash; Conventional Owner Pays: Water; Sewer; Insurance; Taxes; Trash Collection Tenant Pays: Electricity; Telephone; Cable TV
Listing Office: Realty Solutions of PA
Last Updated: May - 01 - 2026
507 Delaware Avenue, Portland, PA 18351- MLS# PM-140888
Information deemed reliable but not guaranteed.

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