Three-Unit Triplex
For Sale
$350,000
2328 Lakeside Dr, Tobyhanna, PA 18466
Separate ranch, cottage, and efficiency units support flexible residential income use near Tobyhanna Lake.
Property Size1,752 SF
Price / SF$199.77
Days on Market34
Property Features for 2328 Lakeside Dr
General Information
Standard status
Active
Size
1,752 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 3BR/1.5BA, 1 x 2BR/1BA, 1 x efficiency
Multifamily Units
3
Building Details
Year Built
1949
Listing Agency:
RE/MAX Crossroads
(570) 424-8850
Listed By:
Yarrow A. Wilkins · License #RM423056
Source:
Harkesrealty
Added: Jul 27
Changed: Aug 28
Last Checked: Aug 28 at 8:38PM
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 RE/MAX Crossroads
Investment Insights
Based on property information with market context.
This triplex property contains three separate residential units: a three-bedroom ranch with one full and one half bath, a two-bedroom cottage with one full bath, and an efficiency. Built in 1949, the property offers a varied unit layout within a single residential income asset and has no HOA.
The property is located at 2328 Lakeside Dr in Tobyhanna, within Coolbaugh Township and the Poconos. Tobyhanna Lake is steps away, while surrounding state gamelands add direct access to an outdoor recreation setting. The three-unit configuration supports multiple occupancy arrangements, including the short-term rental use identified for the property.
The property is located at 2328 Lakeside Dr in Tobyhanna, within Coolbaugh Township and the Poconos. Tobyhanna Lake is steps away, while surrounding state gamelands add direct access to an outdoor recreation setting. The three-unit configuration supports multiple occupancy arrangements, including the short-term rental use identified for the property.
Key Highlights
- Three‑unit property with a 3BR/1.5BA ranch, 2BR/1BA cottage, and efficiency
- Built in 1949
- No HOA
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
$17,039
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
4.87%
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%
$340,780
$340.8K
Cap Rate 7%
$243,414
$243.4K
Cap Rate 9%
$189,322
$189.3K
Market Conditions
NOI Build-Up for 1,752 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
$25.2K $14.40/SF
− Vacancy
−$888 −$0.51/SF
EGI
$24.3K $13.89/SF
− OpEx
−$7.3K −$4.17/SF
NOI
$17.0K $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%
$340,780
Cap Rate 7%
$243,414
Cap Rate 9%
$189,322
Alternative Uses
Best Use
Multifamily LT 5
$243.4K
$213.0K – $284.0K
NOI $17,039 @ 7.0% cap · market cap 4.87%
Second Best
Apartment 5plus
$224.3K
$196.3K – $261.7K
NOI $15,701 @ 7.0% cap · market cap 4.49%
Theoretical Best
Office A
$524.4K
$458.9K – $611.8K
NOI $36,708 @ 7.0% cap · market cap 10.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
35
Businesses Nearby
Explore this area
Business Placement
Demographics for 18466, PA
17,000
Population
7,892
Households
2.2
Avg Household Size
38
Median Age
24%
College-Educated
89%
High-School Grad
35.0 sq mi
ZIP Area
486
Density / Sq Mi
$77,508
Median Household Income
$35,396
Median Earnings
$1,795
Median Rent
$181,300
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?
Triplex - Separate ranch, cottage, and efficiency units support flexible residential income use near Tobyhanna Lake.
Where is this triplex located?
The property is located at 2328 Lakeside Dr Tobyhanna, PA.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Three‑unit property with a 3BR/1.5BA ranch, 2BR/1BA cottage, and efficiency; Built in 1949; No HOA
