Lakeview Duplex with Covered
For Sale
$249,000
122 Cross Road, Saylorsburg, PA 18353
Residential Income, Saylorsburg, PA
Property Size1,121 SF
Lot Size0.13 Acres
Price / SF$222.12
Days on Market57
Property Features for 122 Cross Road
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
C-1
Zoning description
Commercial
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bathroom 2, Bedroom 1, Bedroom 2, Bathroom 1
Patio and Porch features
Porch
Interior features
Granite Counters, Stone Counters, Open Floorplan, Recessed Lighting, Ceiling Fan(s), Storage
Exterior features
Lighting
Appliances
Electric Cooktop, Gas Cooktop, Refrigerator, Water Heater, Microwave, Washer, Dryer
Lot features
Sloped, Back Yard, Cleared, Few Trees
Elementary school district
Stroudsburg Area
Middle school district
Stroudsburg Area
High school district
Stroudsburg Area
Subdivision
Hamilton Township
Standard status
Active
APN
07.12.1.49-2
Size
1,121 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Annual Amount
4204
Utilities
Heating system
Zoned, Forced Air, Oil
Cooling system
Window Unit(s), Ceiling Fan(s), Wall Unit(s)
Water source
Public
Amenities
covered porches
covered patio
Building Details
Year built
1902
Floors in Building
2
Number of units
2
Flooring type
Wood, Tile
Building materials
Block, Stone, Wood Siding
Roof type
Shingle, Asphalt, Fiberglass
Architectural style
Other
Additional Structures
Storage
Listing Agency:
Redstone Run Realty, LLC - Stroudsburg
(570) 390-4646
Listed By:
Hayden Miller
(570) 234-9531
Added: Jul 10
Changed: Sep 3
Last Checked: Sep 4 at 10:06AM
MLS# PM-142926
Copyright © 2026 Pocono Mountains Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1121-square-foot duplex contains two separate living areas connected by broad covered porches and outdoor spaces. The upper residence has three bedrooms, one bathroom, a living room, dining area, kitchen, and oversized primary bedroom. The lower unit provides a studio-style open layout with an updated kitchen and bathroom, separate utility area, and private access. Interior details include granite and stone counters, wood and tile flooring, recessed lighting, storage, and ceiling fans.
The property occupies a 0.13-acre hillside parcel across from Saylors Lake, with seasonal and year-round lake views, mature trees, stone accents, and mountain scenery. Covered porch and patio areas provide outdoor space oriented toward the surrounding views. Route 33 offers access to the Lehigh Valley, Stroudsburg, and nearby outdoor recreation. The property has C-1 zoning, public water, oil forced-air heating, and window and wall-unit cooling. Built in 1902.
The property occupies a 0.13-acre hillside parcel across from Saylors Lake, with seasonal and year-round lake views, mature trees, stone accents, and mountain scenery. Covered porch and patio areas provide outdoor space oriented toward the surrounding views. Route 33 offers access to the Lehigh Valley, Stroudsburg, and nearby outdoor recreation. The property has C-1 zoning, public water, oil forced-air heating, and window and wall-unit cooling. Built in 1902.
Key Highlights
- Two separate living areas configured as a duplex
- Upper residence includes 3 bedrooms and 1 bathroom
- Lower studio‑style unit has a private entrance and separate utility area
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$10,902
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.38%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$218,040
$218.0K
Cap Rate 7%
$155,743
$155.7K
Cap Rate 9%
$121,133
$121.1K
Market Conditions
NOI Build-Up for 1,121 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$16.1K $14.40/SF
− Vacancy
−$568 −$0.51/SF
EGI
$15.6K $13.89/SF
− OpEx
−$4.7K −$4.17/SF
NOI
$10.9K $9.73/SF
Area
Monroe County, PA
Vacancy
3.52%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$218,040
Cap Rate 7%
$155,743
Cap Rate 9%
$121,133
Alternative Uses
Best Use
Multifamily LT 5
$155.7K
$136.3K – $181.7K
NOI $10,902 @ 7.0% cap · market cap 4.38%
Second Best
Apartment 5plus
$143.5K
$125.6K – $167.4K
NOI $10,046 @ 7.0% cap · market cap 4.03%
Theoretical Best
Office A
$335.5K
$293.6K – $391.5K
NOI $23,487 @ 7.0% cap · market cap 9.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
80
Businesses Nearby
Explore this area
Business Placement
Demographics for 18353, PA
11,992
Population
5,376
Households
2.2
Avg Household Size
47
Median Age
32%
College-Educated
92%
High-School Grad
44.4 sq mi
ZIP Area
270
Density / Sq Mi
$88,311
Median Household Income
$52,873
Median Earnings
$1,344
Median Rent
$262,300
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two distinct living areas support flexible occupancy, with a three-bedroom upper unit and studio-style lower space.
Where is this duplex located?
The property is located at 122 Cross Road Saylorsburg, PA.
What is the asking price?
The asking price for this property is $249,000.
What are key features of this property?
This property features: Two separate living areas configured as a duplex; Upper residence includes 3 bedrooms and 1 bathroom; Lower studio‑style unit has a private entrance and separate utility area
