Turnkey Income Property Near
2328 Lakeside Drive Tobyhanna, PA 18466
For Sale
$349,900
Pending
MULTI_FAMILY - Ranch - Tobyhanna, PA
Property Size1,882 SF
Lot Size0.62 Acres
Days on Market101
Property Features for 2328 Lakeside Drive
General Information
- Property type
- Residential Multi Family
- Property subtype
- Single Family Residence
- Bedrooms
- 6
- Rooms
- Bathroom 3, Bedroom 6, Bathroom 1, Bedroom 2, Bedroom 4, Bathroom 2, Bathroom 4, Bedroom 3, Basement, Bedroom 5, Bedroom 1
- Patio and Porch features
- Porch
- Interior features
- Eat-in Kitchen, Kitchen Island
- Fireplace
- 1
- Basement
- Partial, Unfinished
- Appliances
- Electric Oven, Electric Range, Refrigerator, Water Heater, Microwave, Washer, Dryer
- Standard status
- Pending
- APN
- 03.10.1.9
- Size
- 1,882 SF
- Lot size
- 0.62 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 3075
Utilities
- Sewer type
- Septic Tank
- Heating system
- Electric (Heating)
- Water source
- Well
Building Details
- Year built
- 1949
- Floors in Building
- 1
- Number of units
- 3
- Flooring type
- Tile, Wood
- Building materials
- T1-11
- Roof type
- Fiberglass, Asphalt
- Architectural style
- Ranch
Listing Agency:
RE/MAX Crossroads
(570) 424-8850
Listed By:
Yarrow A. Wilkins · License #RM423056
(570) 424-8850
Added: Apr 15
Changed: Jun 8
Last Checked: Jul 24 at 11:06AM
MLS# PM-140380
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 turnkey income property features three units and is located in the heart of the Poconos, near Tobyhanna Lake. The property includes a three-bedroom, one-and-a-half-bathroom ranch, a separate two-bedroom, one-bathroom cottage, and an efficiency unit. The setup is designed for maximizing short-term rental revenue with multiple income streams. Situated in Coolbaugh Township and surrounded by state gamelands, the property benefits from year-round demand driven by lake access and outdoor recreation. The property sits on a 0.62-acre lot. The total property size is 1882 square feet. This property offers potential for investors looking for a cash-flowing asset in a high-demand area. The property is located in Tobyhanna, PA.
Key Highlights
- No HOA and a 3‑unit income property with a ranch plus a separate cottage and an efficiency
- Built in 1949; ranch style home with tile and wood flooring
- Includes 3BR/1.5BA ranch, separate 2BR/1BA cottage, and an efficiency unit
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $31.8k | $16.92 |
| − Vacancy | −$1.2k | −$0.63 |
| EGI | $30.7k | $16.29 |
| − OpEx | −$13.8k | −$7.33 |
| NOI | $16.9k | $8.96 |
1,882 SF · lease $16.92/SF/yr · vacancy 3.70% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$240.9K
$210.8K – $281.1K
NOI $16,866 @ 7.0% cap · market cap 4.82%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$563.3K
$492.9K – $657.2K
NOI $39,432 @ 7.0% cap · market cap 11.27%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Multifamily properties
FAQs
What type of property is this?
Multifamily property - Three-unit property near Tobyhanna Lake, ideal for short-term rentals.
Where is this multifamily property located?
The property is located at 2328 Lakeside Drive Tobyhanna, PA.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: No HOA and a 3‑unit income property with a ranch plus a separate cottage and an efficiency; Built in 1949; ranch style home with tile and wood flooring; Includes 3BR/1.5BA ranch, separate 2BR/1BA cottage, and an efficiency unit
