Two-Unit Duplex with Wet
New
For Sale
$480,000
221 Upper Swiftwater Road, Cresco, PA 18326
Residential Income, Cresco, PA
Property Size2,884 SF
Lot Size2.05 Acres
Price / SF$166.44
Days on Market4
Property Features for 221 Upper Swiftwater Road
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
Commercial
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Basement, Bedroom 4, Bedroom 2, Bathroom 2, Bedroom 1, Bedroom 3, Bathroom 1
Interior features
Wet Bar
Basement
Unfinished, Interior Entry, Full
Appliances
Electric Oven, Electric Range, Refrigerator, Dishwasher, Washer/Dryer Stacked
Elementary school district
Pocono Mountain
Middle school district
Pocono Mountain
High school district
Pocono Mountain
Subdivision
Pocono Township
Standard status
Active
APN
12.12.2.15-1
Size
2,884 SF
Lot size
2.05 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
5692
Utilities
Heating system
Hot Water(Heating), Natural Gas
Water source
Well
Building Details
Year built
1935
Floors in Building
2
Number of units
2
Flooring type
Wood
Building materials
Wood Siding
Roof type
Shingle
Listing Agency:
Keller Williams Real Estate - Stroudsburg · Keller Williams Realty
(570) 421-2890
Listed By:
Jeanine Planer
(570) 421-2890
Added: Aug 26
Changed: Aug 27
Last Checked: Aug 29 at 3:06AM
MLS# PM-144239
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.
Built in 1935, this 2,884-square-foot duplex on 2.05 acres contains four bedrooms and two full bathrooms across two units. The upper residence is occupied by a long-term tenant, while the lower unit has previously been used as both a conventional rental and an Airbnb. A bonus room adjoining the lower kitchen includes a wet bar and can serve as additional living or workspace. The property also includes a basement, wood flooring, wood siding, shingle roofing, natural-gas hot-water heat, a well, and a storage shed.
Located at 221 Upper Swiftwater Road in Cresco, the property is near Route 611 and I-80, with shopping, restaurants, Sanofi, and other area employers and amenities nearby. Commercial zoning may allow short-term rental use subject to Pocono Township requirements and approvals. On-site parking is available, and the two-unit layout provides options for continued rental use or owner occupancy with an additional income-producing residence.
Located at 221 Upper Swiftwater Road in Cresco, the property is near Route 611 and I-80, with shopping, restaurants, Sanofi, and other area employers and amenities nearby. Commercial zoning may allow short-term rental use subject to Pocono Township requirements and approvals. On-site parking is available, and the two-unit layout provides options for continued rental use or owner occupancy with an additional income-producing residence.
Key Highlights
- 2.05‑acre duplex property with 2,884 square feet
- Two units with 4 bedrooms and 2 full bathrooms
- Upper unit occupied by a long‑term tenant
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$28,047
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.84%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$560,940
$560.9K
Cap Rate 7%
$400,671
$400.7K
Cap Rate 9%
$311,633
$311.6K
Market Conditions
NOI Build-Up for 2,884 SF
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.
Gross rent
$41.5K $14.40/SF
− Vacancy
−$1.5K −$0.51/SF
EGI
$40.1K $13.89/SF
− OpEx
−$12.0K −$4.17/SF
NOI
$28.0K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$560,940
Cap Rate 7%
$400,671
Cap Rate 9%
$311,633
Alternative Uses
Best Use
Multifamily LT 5
$400.7K
$350.6K – $467.5K
NOI $28,047 @ 7.0% cap · market cap 5.84%
Second Best
Apartment 5plus
$369.2K
$323.1K – $430.8K
NOI $25,845 @ 7.0% cap · market cap 5.38%
Theoretical Best
Office A
$863.2K
$755.3K – $1.01M
NOI $60,426 @ 7.0% cap · market cap 12.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
88
Businesses Nearby
Explore this area
Business Placement
Demographics for 18326, PA
4,291
Population
1,914
Households
2.2
Avg Household Size
48
Median Age
22%
College-Educated
97%
High-School Grad
33.4 sq mi
ZIP Area
128
Density / Sq Mi
$76,827
Median Household Income
$34,911
Median Earnings
$945
Median Rent
$244,300
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Commercial zoning and two residential units create a flexible income-property configuration, subject to applicable approvals.
Where is this duplex located?
The property is located at 221 Upper Swiftwater Road Cresco, PA.
What is the asking price?
The asking price for this property is $480,000.
What are key features of this property?
This property features: 2.05‑acre duplex property with 2,884 square feet; Two units with 4 bedrooms and 2 full bathrooms; Upper unit occupied by a long‑term tenant
