Fully Leased Workforce Housing
123 Main Street Tobyhanna, PA 18466
MULTI_FAMILY - Colonial, Ranch - Tobyhanna, PA
Type:Single Family Residence
Property size:
26,068 SFLot size:
3.72 AcresPrice / SF:
$151/SF- Added:
- Jun 26, 2026
- Days on Market:
- 16
- Last Refresh:
- Jul 11 at 4:06 pm
Property Features for 123 Main Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Single Family Residence
- Property condition
- Under Construction
- Bedrooms
- 40
- Bathrooms
- 42
- Rooms
- Bedroom 11, Bathroom 16, Bedroom 4, Bathroom 9, Bathroom 42, Bedroom 27, Bathroom 18, Bathroom 37, Bathroom 12, Bedroom 8, Bedroom 24, Bathroom 21, Bedroom 14, Bedroom 21, Bathroom 2, Bathroom 22, Bathroom 4, Bathroom 27, Bathroom 39, Bathroom 23, Bedroom 29, Bathroom 31, Bathroom 20, Bedroom 20, Bathroom 38, Bedroom 32, Bathroom 35, Bedroom 36, Bathroom 11, Bedroom 15, Bedroom 26, Bathroom 8, Bathroom 7, Bedroom 2, Bedroom 18, Bedroom 23, Bedroom 30, Bedroom 35, Bedroom 12, Bedroom 1, Bathroom 34, Bedroom 6, Bedroom 5, Bathroom 33, Bedroom 37, Bedroom 3, Bathroom 3, Bathroom 15, Bedroom 16, Bedroom 40, Bedroom 22, Bedroom 38, Bathroom 40, Bathroom 29, Bedroom 33, Bedroom 39, Bedroom 19, Bathroom 13, Bedroom 10, Bathroom 25, Bedroom 7, Bathroom 10, Bathroom 30, Bathroom 36, Bathroom 28, Bathroom 24, Bedroom 28, Bathroom 19, Bathroom 5, Bedroom 34, Bathroom 32, Bedroom 25, Bathroom 41, Bedroom 31, Bathroom 1, Bathroom 17, Bedroom 13, Bathroom 14, Bathroom 6, Bedroom 17, Bedroom 9, Bathroom 26
- Parking
- 32
- Patio and Porch features
- Deck
- Interior features
- Kitchen Island, Laminate Counters, Double Vanity, Walk-In Closet(s), Recessed Lighting
- Appliances
- Electric Oven, Refrigerator, Water Heater, Dishwasher, Microwave, Stainless Steel Appliance(s)
- Standard status
- Active
- APN
- 03.8B.2.96
- Size
- 26,068 SF
- Lot size
- 3.72 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 77252
Utilities
- Sewer type
- Public Sewer
- Heating system
- Baseboard, Electric (Heating)
- Cooling system
- Window Unit(s), Wall/Window Unit(s), Electric, Varies by Unit
- Water source
- Public
Building Details
- Year built
- 2025
- Floors in Building
- 2
- Number of units
- 10
- Flooring type
- Vinyl
- Building materials
- T1-11, Vinyl Siding
- Roof type
- Shingle, Asphalt, Fiberglass
- Architectural style
- Ranch, Colonial
Listing agent Xander J Weidenbaum License #RS318582 (570) 390-4646
Listing office Redstone Run Realty, LLC - Stroudsburg 21 S 6th St, Stroudsburg, PA (570) 390-4646
Listing date Jun 26, 2026
MLS# PM-142570
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.
Investment Insights
Based on property information with market context.
A 14-home portfolio of newly constructed workforce housing, consisting of 10 Colonial and 4 Ranch single-family residences. All homes were built in 2025–2026 and are currently fully leased. Each unit features 4 bedrooms and 3 bathrooms on a quarter-acre wooded lot and includes stainless appliances and modern finishes.
The properties are located inside A Pocono Country Place, a 4,500-home gated community with 24/7 manned access. The community offers multiple on-site amenities, including four pools, two lakes, eight tennis courts, and three clubhouses.
This offering is structured as a turnkey, cash-flowing portfolio with tenants responsible for all utilities and additional recurring items, including heat, water, lawn, snow, and pest control. Owner expenses are limited to taxes, insurance, and HOA. For buyers seeking a multi-unit acquisition in a single transaction, the homes provide a straightforward operational profile with no lease-up required, supported by current 100% occupancy.
The properties are located inside A Pocono Country Place, a 4,500-home gated community with 24/7 manned access. The community offers multiple on-site amenities, including four pools, two lakes, eight tennis courts, and three clubhouses.
This offering is structured as a turnkey, cash-flowing portfolio with tenants responsible for all utilities and additional recurring items, including heat, water, lawn, snow, and pest control. Owner expenses are limited to taxes, insurance, and HOA. For buyers seeking a multi-unit acquisition in a single transaction, the homes provide a straightforward operational profile with no lease-up required, supported by current 100% occupancy.
Key Highlights
- Portfolio of 14 brand‑new single‑family homes in one transaction, all built 2025–2026 and fully occupied
- Unit mix: 10 Colonials and 4 Ranches; each home offers 4bd/3ba on a quarter‑acre wooded lot
- New construction features include kitchen island, laminate counters, double vanity, recessed lighting, and stainless steel appliances
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 | $441.1k | $16.92 |
| − Vacancy | −$16.3k | −$0.63 |
| EGI | $424.8k | $16.29 |
| − OpEx | −$191.1k | −$7.33 |
| NOI | $233.6k | $8.96 |
26,068 SF · lease $16.92/SF/yr · vacancy 3.70% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$3.34M
$2.92M – $3.89M
NOI $233,613 @ 7.0% cap · market cap 5.91%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$7.80M
$6.83M – $9.10M
NOI $546,177 @ 7.0% cap · market cap 13.83%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Single family properties
Similar For Sale Nearby
FAQs
What type of property is this?
Single family property - Portfolio of 14 newly built, leased workforce homes within a gated community with amenities and staffed access.
Where is this single family property located?
The property is located at 123 Main Street Tobyhanna, PA.
What is the asking price?
The asking price for this property is $3,950,000.
What are key features of this property?
This property features: Portfolio of 14 brand‑new single‑family homes in one transaction, all built 2025–2026 and fully occupied; Unit mix: 10 Colonials and 4 Ranches; each home offers 4bd/3ba on a quarter‑acre wooded lot; New construction features include kitchen island, laminate counters, double vanity, recessed lighting, and stainless steel appliances
