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    Charming Home with Income Potential Title is generated by Realmo AI

    253 Thomas Road, Blakeslee, PA 18610

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    Pending
    $479,000

    MULTI_FAMILY - Cape Cod - Blakeslee, PA

    Property size:
    3,640 SF
    Lot size:
    1.15 Acres
    Added:
    Apr 6, 2026
    Days on Market:
    57
    Last Refresh:
    Jun 1 at 8:06 pm

    Property Features for 253 Thomas Road

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    RR
    Bedrooms
    7
    Rooms
    Bathroom 6, Bedroom 5, Bathroom 1, Bedroom 4, Bathroom 5, Bedroom 2, Bathroom 2, Basement, Bedroom 6, Bedroom 7, Bedroom 1, Bathroom 3, Bathroom 4, Bedroom 3
    Parking
    10
    Security features
    Security System
    Window features
    Blinds, Bay Window(s)
    Patio and Porch features
    Porch
    Exterior features
    RV Hookup, Private Entrance
    Fireplace
    1
    Basement
    Walk-Out Access
    Appliances
    Oven, Electric Oven, Microwave, Stainless Steel Appliance(s)
    Standard status
    Pending
    APN
    19.19.2.8
    Size
    3,640 SF
    Lot size
    1.15 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    Lots 7,8,9,
    Tax Annual Amount
    6629

    Utilities

    Utilities
    Propane
    Sewer type
    Shared Septic
    Heating system
    Propane (Heating), Electric (Heating)
    Cooling system
    Ceiling Fan(s)
    Water source
    Well

    Building Details

    Year built
    1940
    Floors in Building
    2
    Number of units
    5
    Flooring type
    Hardwood, Vinyl
    Building materials
    Stucco, Vinyl Siding
    Roof type
    Shingle
    Architectural style
    Cape Cod
    Additional Structures
    Mobile Home

    We can help!

    Listing Contact
    Miriam Santiago
    Miriam Santiago

    Listing agent Miriam Santiago

    Listing office Mary Enck Realty Inc 2777 State Route 903 PO Box 11, Albrightsville, PA

    Listing date Apr 6, 2026

    MLS# PM-140071 Listing URL

    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.

    HighLights

    • Immediate income from three fully rented, individually metered, 1‑bedroom apartments (Triplex).
    • Main house features a first‑floor primary suite for convenient one‑level living.
    • Charming log‑sided guest trailer with full amenities.
    • Minutes from Jack Frost, Big Boulder, and Lake Harmony.
    • Main house includes 3 bedrooms, 2 full bathrooms, and a bright three‑seasons room.
    • Fenced yard and two‑car garage.

    Overview

    This property features a charming home with mountain comfort and three one-bedroom apartments, all currently rented, providing immediate income. The main home includes three bedrooms and two full bathrooms, with a first-floor primary suite for convenient one-level living. A bright three-seasons room offers natural light and a relaxing space to enjoy the scenery. The property also features a fenced yard, ideal for pets or gardening, and a two-car garage for additional storage. The triplex on the property consists of three one-bedroom apartments, each with a bathroom, kitchen, and living room. These units are individually metered and fully rented, ensuring consistent rental income. The property is located minutes from Jack Frost, Big Boulder, and Lake Harmony. With a lot size of 1.15 acres and a property size of 3640 square feet, this property offers a blend of residential comfort and income potential in Blakeslee, Pennsylvania.

    Local Financial Insights For Multifamily LT 5

    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 $52.4k $14.40
    − Vacancy −$1.8k −$0.51
    EGI $50.6k $13.89
    − OpEx −$15.2k −$4.17
    NOI $35.4k $9.73
    3,640 SF · lease $14.40/SF/yr · vacancy 3.52% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $505.7K
    $442.5K – $590.0K (±1% cap)
    NOI $35,400 @ 7.0% cap · market cap 7.39%
    Second Best
    Apartment 5plus
    $466.0K
    $407.8K – $543.7K (±1% cap)
    NOI $32,621 @ 7.0% cap · market cap 6.81%
    Theoretical Best
    Office A
    $1.09M
    $953.3K – $1.27M (±1% cap)
    NOI $76,265 @ 7.0% cap · market cap 15.92%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Law Firm Gym & Fitness Center Hotel & Motel Carpet & Flooring Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Blakeslee
    County
    Monroe
    State
    Pennsylvania
    Longitude
    -75.616884
    Latitude
    41.120348

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    FAQs

    What type of property is this?
    Triplex - Beautifully maintained home with rental income near Pocono attractions.
    Where is this triplex located?
    The property is located at 253 Thomas Road Blakeslee, PA.
    What is the asking price?
    The asking price for this property is $479,000.
    What are key features of this property?
    This property features: Immediate income from three fully rented, individually metered, 1‑bedroom apartments (Triplex).; Main house features a first‑floor primary suite for convenient one‑level living.; Charming log‑sided guest trailer with full amenities.
    (570) 722-9261
    We can help!
    Listing Contact
    Miriam Santiago
    Miriam Santiago
    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
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