1015 Rt 390 Greentown, PA 18426
COMMERCIAL - Greentown, PA
Property Features for 1015 Rt 390
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Exterior features
- Private Yard, Storage
- Basement
- Sump Pump, French Drain
- Standard status
- Active
- APN
- 116.02-01-03 015351
- Size
- 6,819 SF
- Lot size
- 5.00 Acres
Taxes and HOA fees
- Tax Annual Amount
- 5813
Utilities
- Sewer type
- Septic Tank
- Heating system
- Oil, Hot Water(Heating)
- Cooling system
- Ceiling Fan(s), Ductless
- Water source
- Well
Building Details
- Year built
- 1915
- Floors in Building
- 3
- Flooring type
- Hardwood, Vinyl, Tile
- Building materials
- Vinyl Siding
- Roof type
- Asphalt, Fiberglass
- Additional Structures
- Storage
Listing agent Jaime Goulet (570) 234-3400
Listing office MORE Modern Real Estate LLC 112 N Courtland Street, East Stroudsburg, PA (570) 234-3400
Listing date May 24, 2026
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.
The property is located at 1015 Rt 390 in Greentown, Pennsylvania, bordering state game lands and described as steps from Promised Land State Park, the lake, and the nearby beach. Outdoor amenities include a freshly painted wraparound deck and a covered porch with coach lighting, as well as a 4-car garage and extensive guest parking.
Updates over time include newer roofing, vinyl siding, replacement windows, and upgraded furnace and boiler systems, combining modern reliability with classic architectural character throughout.
Key Highlights
- 5 private acres in the Pocono Mountains, bordering state game lands and steps from Promised Land State Park
- 1915‑built home with 11 bedrooms, each with its own full bath
- Multiple living spaces plus separate guest or staff quarters with an additional kitchen and private living area
Local 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 | $130.1k | $19.08 |
| − Vacancy | −$7.8k | −$1.14 |
| EGI | $122.3k | $17.94 |
| − OpEx | −$55.0k | −$8.07 |
| NOI | $67.3k | $9.86 |
