Building Details

Buildings 3

Units 3

Tenancy Multi

Listing Agency: Keller Williams Hudson Valley

Listed By: Amanda Brehm · License #00000 Show Phone

Source: Crexi

Added: Jul 28 Changed: Oct 26 Last Checked: Nov 3 at 3:08AM

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Review the available facts, identify missing information and prepare questions for the agent.

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Investment Insights

Based on property information with market context.

This multifamily property includes three custom-built homes situated across more than 10 acres. More than 8 acres remain undeveloped, providing a substantial portion of land beyond the existing residential improvements. All current tenants are moving out, leaving the homes available for a new ownership strategy.

The property is located in Lackawaxen, near the Upper Delaware River, Roebling Bridge, Barryville, Milford, and the New York border. Its existing three-home configuration and remaining undeveloped acreage support consideration of long-term rental, vacation rental, corporate retreat, or family compound use, as identified for the property.

Key Highlights

• Three custom‑built homes on more than 10 acres
• More than 8 acres of undeveloped land
• All current tenants are moving out

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$75,581

Cap Rate

8.41%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,511,620 $1.5M

Cap Rate 7%

$1,079,729 $1.1M

Cap Rate 9%

$839,789 $839.8K

Is this asking price fair?

Market Conditions

NOI Build-Up for 7,662 SF

Gross rent

$146.2K $19.08/SF

− Vacancy

−$8.8K −$1.14/SF

EGI

$137.4K $17.94/SF

− OpEx

−$61.8K −$8.07/SF

NOI

$75.6K $9.86/SF

Area

Pike County, PA

Vacancy

6.00%

Lease Rate

$19.08 /SF/Yr

Expense Ratio

45.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,511,620

Cap Rate 7%

$1,079,729

Cap Rate 9%

$839,789

Alternative Uses

Best Use

Apartment 5plus

$1.08M

$944.8K – $1.26M (±1% cap)

NOI $75,581 @ 7.0% cap · market cap 8.41%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$1.87M

$1.64M – $2.18M (±1% cap)

NOI $130,884 @ 7.0% cap · market cap 14.56%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Lease Details

3

Residential units

Location Intelligence

Trade Area within ½ mile

2

Businesses Nearby

Explore this area Business Placement

Demographics for 18435, PA

1,055

Population

1,569

Households

0.7

Avg Household Size

53

Median Age

51%

College-Educated

94%

High-School Grad

12.5 sq mi

ZIP Area

84

Density / Sq Mi

$97,924

Median Household Income

$46,552

Median Earnings

$317,400

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Frequently Asked Questions

What type of property is this?

Multifamily property - Three residences occupy a large tract with more than eight acres of undeveloped land.

Where is this multifamily property located?

The property is located at 105 Sugar Mountain Road Lackawaxen, PA.

What is the asking price?

The asking price for this property is $899,000.

What are key features of this property?

This property features: Three custom‑built homes on more than 10 acres; More than 8 acres of undeveloped land; All current tenants are moving out