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    The Largest CRE Database in the US with Over 1 Million Listings

    1309-1311 Golf Park Dr Lake Ariel, PA 18436

    Sponsored
    For Sale
    Pending
    $279,000

    MULTI_FAMILY - Other - Lake Ariel, PA

    Property size:
    1,000 SF
    Lot size:
    1.27 Acres
    Days on Market:
    21
    Last Refresh:
    Feb 6 at 2:06 am

    Property Features for 1309-1311 Golf Park Dr

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Pending
    Zoning
    Residential
    Rooms
    Bedroom 4, Bathroom 2, Bathroom 1, Bedroom 1, Basement, Bedroom 3, Bedroom 2
    Bedrooms
    4
    Bathrooms
    2
    APN
    12-0-0302-0011
    Parking
    6
    Parking features
    Open, Off Street, Driveway
    Patio and Porch features
    Porch
    Exterior features
    Garden, Private Entrance, Rain Gutters, Private Yard
    Basement
    Block, Full, Concrete, Unfinished, Storage Space, Interior Entry, Daylight
    Appliances
    Dishwasher, Self Cleaning Oven, Water Purifier, Water Heater, Vented Exhaust Fan, Refrigerator, Free-Standing Refrigerator, Free-Standing Electric Range, Free-Standing Electric Oven, Electric Water Heater, Electric Oven
    Size
    1,000 SF
    Lot size
    1.27 Acres

    Utilities

    Utilities
    Propane
    Sewer type
    Mound Septic
    Heating system
    Baseboard, Electric (Heating), Oil, Varies by Unit (Heating), Propane (Heating)
    Cooling system
    Ceiling Fan(s), Separate Meters
    Water source
    Well

    Building Details

    Year built
    1910
    Floors in Building
    2
    Number of units
    2
    Flooring type
    Vinyl, Carpet
    Building materials
    Attic/Crawl Hatchway(s) Insulated, Vinyl Siding, Block
    Roof type
    Shingle
    Architectural style
    Other

    We can help!

    Listing Contact
    Margaret Hirsch - Morris

    RE/MAX Best (570) 698-7299

    Listing agent Margaret Hirsch - Morris (570) 698-7299

    Listing date Jan 17, 2026

    MLS# PW-260054

    Copyright © 2026 Pike/Wayne Association of Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Updated Duplex on Large Lot

    This updated two-unit income property is situated on a 1.26-acre lot in a rural setting near Lake Ariel, Pennsylvania. The property benefits from proximity to essential amenities such as groceries and pharmacies. It features a flat yard with a view and ample parking space. A new roof was installed in 2021, and a new septic system was installed in 2022, along with a new water filtration system last year. One of the apartments was completely renovated in 2022, including a new bathroom, flooring, paint, and appliances. The exterior of the home was power washed in 2025. The property includes a full basement shared by the tenants, with washer and dryer hookups available. There is potential to add another rental income property, such as a mobile home or garage, or to expand the existing structure. Both units are currently rented to long-term tenants; one unit has a lease. The property size is approximately 1000 square feet. The lot size is 1.27 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Restaurant Law Firm Building Supply Auto Repair Shop Hotel & Motel Food Market HVAC Service Bar & Pub Grocery & Convenience Store Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lake Ariel
    County
    Wayne
    State
    Pennsylvania
    Longitude
    -75.367996
    Latitude
    41.448975

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    FAQs

    What type of property is this?
    Duplex - Income-producing duplex on 1.26 acres with recent updates.
    Where is this duplex located?
    The property is located at 1309-1311 Golf Park Dr Lake Ariel, PA.
    What is the asking price?
    The asking price for this property is $279,000.
    What are key features of this property?
    This property features: - Income-producing 2-unit property on 1.26 acres.; - Recent major updates including a new roof (2021) and septic (2022).; - Potential for additional rental income property or expansion.
    (570) 698-7299
    Request Owner's contact information
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1309-1311 Golf Park Dr Lake Ariel, PA 18436
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    We can help!
    Listing Contact
    Margaret Hirsch - Morris
    (570) 698-7299
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