Duplex with In-Law
New
For Sale
$699,900
203 Terrace Drive, Saylorsburg, PA 18353
ResidentialIncome, Chestnuthill Twp, PA
Property Size5,308 SF
Lot Size2.15 Acres
Price / SF$131.86
Days on Market2
Property Features for 203 Terrace Drive
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R1
Bedrooms
6
Bathrooms
5
Full bathrooms
4
Half bathrooms
1
Rooms
Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 4, Bathroom 4, Bedroom 5, Bathroom 3, Bedroom 6, Bedroom 2, Bathroom 5, Bedroom 3
Parking
8
Parking features
Garage, Driveway, Off Street
Exterior features
PropaneTankOwned
Elementary school district
Pleasant Valley
Middle school district
Pleasant Valley
High school district
Pleasant Valley
Directions
Sugar Hollow rd, to Terrace
Subdivision
Chestnuthill Twp
Standard status
Active
APN
02/91235
Size
5,308 SF
Lot size
2.15 Acres
Taxes and HOA fees
Tax Annual Amount
11109
Utilities
Sewer type
Septic Tank
Heating system
Forced Air, Propane (Heating)
Cooling system
Central Air
Water source
Well
Building Details
Year built
2000
Floors in Building
3
Number of units
2
Building materials
VinylSiding
Listing Agency:
CENTURY 21 Pinnacle · Century 21 Real Estate
(610) 863-8626
Listed By:
Karen L. Werkheiser
(570) 510-6067
Added: Oct 12
Last Checked: Oct 13 at 12:06PM
MLS# 786166
Copyright © 2026 Greater Lehigh Valley 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.
Built in 2000, this 5,308-square-foot duplex sits on 2.15 acres and has six bedrooms across three finished floors. The first floor includes two primary suites, one in an extension with a bedroom, four-piece bath, and space for a private lounge or exercise area. The kitchen features granite counters, cherry cabinetry, a large island, double wall ovens, and a full-size refrigerator and freezer. Additional space includes a formal dining area, family room, pantry, and laundry. The upper floors contain additional bedrooms and baths, plus a finished third-floor recreation area.
The property has a two-car garage, a mostly fenced yard, central air conditioning, well water, and a septic system. Heating is forced air with propane.
The property has a two-car garage, a mostly fenced yard, central air conditioning, well water, and a septic system. Heating is forced air with propane.
Key Highlights
- 5,308 square feet on 2.15 acres
- Six bedrooms across three finished floors
- Two first‑floor primary suites, including one in an extension with a four‑piece bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,621
Cap Rate
7.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,032,420
$1.0M
Cap Rate 7%
$737,443
$737.4K
Cap Rate 9%
$573,567
$573.6K
Market Conditions
NOI Build-Up for 5,308 SF
Gross rent
$76.4K $14.40/SF
− Vacancy
−$2.7K −$0.51/SF
EGI
$73.7K $13.89/SF
− OpEx
−$22.1K −$4.17/SF
NOI
$51.6K $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%
$1,032,420
Cap Rate 7%
$737,443
Cap Rate 9%
$573,567
Alternative Uses
Best Use
Multifamily LT 5
$737.4K
$645.3K – $860.4K
NOI $51,621 @ 7.0% cap · market cap 7.38%
Second Best
Apartment 5plus
$679.6K
$594.6K – $792.8K
NOI $47,569 @ 7.0% cap · market cap 6.80%
Theoretical Best
Office A
$1.59M
$1.39M – $1.85M
NOI $111,213 @ 7.0% cap · market cap 15.89%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
11
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - A six-bedroom layout includes two first-floor primary suites and a separate extension with a bedroom and full bath.
Where is this duplex located?
The property is located at 203 Terrace Drive Saylorsburg, PA.
What is the asking price?
The asking price for this property is $699,900.
What are key features of this property?
This property features: 5,308 square feet on 2.15 acres; Six bedrooms across three finished floors; Two first‑floor primary suites, including one in an extension with a four‑piece bath
