696 Pennsylvania 590, Lackawaxen, PA 18435
696 Pennsylvania 590, Lackawaxen, PA 18435
696 Pennsylvania 590, Lackawaxen, PA 18435
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
John Davison

John Davison

+1(484) 986-7388
$400,000
Est. payment /mo
5 Beds
5 Baths
2,977 SqFt
Save Virtual Tour

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 2,977 sqft

Price per Sqft $134

MLS Listing ID PWBPW262066

Style Other

Bedrooms 5

Full Baths 4

Half Baths 1

Year Built 1950

Annual Tax Amount $3,762

Tax Year 2026

Lot Size 0.380 Acres

Acres 0.38

Property Sub-Type Multi Family

Source pikewayne

Property Description

Exceptional Mixed-Use Investment Opportunity in the Heart of Lackawaxen! Ideally situated along highly traveled PA-590 just minutes from the historic Roebling Bridge, the scenic Delaware River, and endless outdoor recreation, this five-unit mixed-use property presents an outstanding opportunity for investors seeking immediate cash flow with exceptional value-add potential. Featuring one commercial storefront and four residential apartments, the property currently generates income from the four occupied residential units while the approximately 1,225-square-foot commercial storefront remains vacant, offering an immediate opportunity for owner occupancy or additional rental income. Based on the property's current income, it operates at an approximate 3.74% cap rate. Once the vacant storefront is leased at projected market rent, the property is projected to achieve an approximate 6.98% pro forma cap rate, with even greater upside available as all residential tenants are currently on month-to-month leases with rents below market value, allowing future owners the opportunity to further increase income and maximize returns over time. The first-floor commercial space encompasses approximately 1,225 square feet and offers exceptional flexibility for a retail business, office, gallery, cafe, professional services, or a variety of other permitted commercial uses. Rich in character, the space features beautiful oak hardwood floors, exposed wood beams, an impressive stone wood-burning fireplace, oversized bay display windows that flood the space with natural light, a half bath, and an adjoining room with its own private entrance that can be incorporated into the main storefront or utilized as additional office, retail, or storage space. Also on the first floor is a private two-bedroom apartment complete with its own entrance, kitchen, living room, full bath, and hardwood flooring throughout.

Location

State PA

County Pike

Zoning Multi-Family

Rooms

Basement Dirt Floor, Storage Space, Walk-Out Access, Full

Interior

Interior Features Beamed Ceilings, Walk-In Closet(s), Storage, Open Floorplan, On Site Septic, High Speed Internet, Built-in Features, Bookcases

Heating Baseboard, Propane, Forced Air

Cooling Wall Unit(s), Window Unit(s)

Flooring Hardwood

Fireplaces Number 1

Fireplaces Type Stone, Wood Burning

Equipment Negotiable

Appliance Electric Range, Water Heater, Refrigerator, Gas Range

Exterior

Exterior Feature Lighting, Storage, Rain Gutters, Private Entrance

Garage Spaces 1.0

Fence None

Utilities Available Cable Available, Propane, Phone Available, Electricity Connected

View Y/N No

Roof Type Asphalt,Shingle

Building

Lot Description Back Yard, Sloped, Few Trees

Story 2

Sewer Engineered Septic

Level or Stories Two

Structure Type Frame,Wood Siding

Schools

High Schools Wallenpaupack School District

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Virtual Tour https://app.nimbledragon.media/sites/rojbjnzy/unbranded

Read Less Info
Listed by Keller Williams Realty Hudson Valley United

NEARBY SCHOOL & BUSINESS

John Davison
John Davison

+1(484) 986-7388 | john@digz.house

GET MORE INFORMATION

Name
Phone*
Message

By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from Other, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); and to the Terms of Service and Privacy Policy of this website. Consent not required to make a purchase. I understand that I can call to obtain direct assistance.