Duplex with Covered
For Sale
$249,000
122 Cross Road, Saylorsburg, PA 18353
Two distinct living areas include a three-bedroom upper unit and a private-entry studio below.
Property Size1,121 SF
Price / SF$222.12
Days on Market106
Property Features for 122 Cross Road
General Information
Standard status
Active
Size
1,121 SF
Property subtype
Residential Income
Zoning
C-1, Commercial
Units
Unit Mix
1 x 3BR/1BA, 1 x studio
Multifamily Units
2
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$4,204
Amenities
Ceiling Fan(s)
Granite Counters
Open Floorplan
Recessed Lighting
Storage
Stone Counters
Lighting
Building Details
Building Size
1,121 SF
Year Built
1902
Stories
2
Units
2
Listing Agency:
Redstone Run Realty, LLC - Stroudsburg
(570) 390-4646
Listed By:
Hayden Miller
(570) 234-9531
Source:
Amantearealestate
Added: Jul 10
Changed: Oct 22
Last Checked: Oct 22 at 2:21PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Redstone Run Realty, LLC - Stroudsburg
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Investment Insights
Based on property information with market context.
Built in 1902, this duplex contains two separate living spaces linked by covered porches. The upper unit has three bedrooms, one bathroom, a living room, dining area, kitchen and oversized primary bedroom. Below, a studio-style unit offers an updated kitchen and bath, a separate utility area and private access. The property also has a covered lower patio and mature trees.
The property at 122 Cross Road in Saylorsburg is across from Saylors Lake and has hillside lake views. Route 33 is nearby. Zoning is C-1, Commercial.
The property at 122 Cross Road in Saylorsburg is across from Saylors Lake and has hillside lake views. Route 33 is nearby. Zoning is C-1, Commercial.
Key Highlights
- Two separate living spaces connected by covered porches
- Upper unit has 3 bedrooms and 1 bathroom
- Lower studio includes private access, updated kitchen and bath, and a separate utility area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,902
Cap Rate
4.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$218,040
$218.0K
Cap Rate 7%
$155,743
$155.7K
Cap Rate 9%
$121,133
$121.1K
Market Conditions
NOI Build-Up for 1,121 SF
Gross rent
$16.1K $14.40/SF
− Vacancy
−$568 −$0.51/SF
EGI
$15.6K $13.89/SF
− OpEx
−$4.7K −$4.17/SF
NOI
$10.9K $9.73/SF
Area
Monroe County, PA
Vacancy
3.52%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$218,040
Cap Rate 7%
$155,743
Cap Rate 9%
$121,133
Alternative Uses
Best Use
Multifamily LT 5
$155.7K
$136.3K – $181.7K
NOI $10,902 @ 7.0% cap · market cap 4.38%
Second Best
Apartment 5plus
$143.5K
$125.6K – $167.4K
NOI $10,046 @ 7.0% cap · market cap 4.03%
Theoretical Best
Office A
$335.5K
$293.6K – $391.5K
NOI $23,487 @ 7.0% cap · market cap 9.43%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
20
Businesses Nearby
Explore this area
Business Placement
Demographics for 18353, PA
11,992
Population
5,376
Households
2.2
Avg Household Size
47
Median Age
32%
College-Educated
92%
High-School Grad
44.4 sq mi
ZIP Area
270
Density / Sq Mi
$88,311
Median Household Income
$52,873
Median Earnings
$1,344
Median Rent
$262,300
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two distinct living areas include a three-bedroom upper unit and a private-entry studio below.
Where is this duplex located?
The property is located at 122 Cross Road Saylorsburg, PA.
What is the asking price?
The asking price for this property is $249,000.
What are key features of this property?
This property features: Two separate living spaces connected by covered porches; Upper unit has 3 bedrooms and 1 bathroom; Lower studio includes private access, updated kitchen and bath, and a separate utility area
