Lakefront Cottage Rental
For Sale
$3,100,000
271 Route 390, Tafton, PA 18464
Residential Income, Tafton, PA
Property Size9,054 SF
Lot Size2.32 Acres
Price / SF$342.39
Days on Market93
Property Features for 271 Route 390
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
Commercial
Bedrooms
22
Bathrooms
10
Full bathrooms
10
Rooms
Bedroom 7, Bedroom 22, Bedroom 16, Bedroom 9, Bedroom 2, Bedroom 1, Bedroom 3, Bedroom 20, Bathroom 7, Bathroom 3, Bathroom 2, Bathroom 10, Bathroom 5, Bedroom 18, Bedroom 13, Bedroom 5, Bedroom 19, Bathroom 8, Bedroom 4, Bedroom 11, Bathroom 4, Bathroom 9, Bathroom 1, Bedroom 14, Bedroom 17, Bedroom 15, Bedroom 12, Bedroom 21, Bedroom 6, Bedroom 10, Bathroom 6, Bedroom 8
Parking
17
Window features
Insulated Windows
Patio and Porch features
Porch, Deck
Interior features
Breakfast Nook, Eat-in Kitchen, Laminate Counters, Natural Woodwork
Exterior features
Playground, Fire Pit
Fireplace
1
Basement
Dirt Floor, Crawl Space
Appliances
Oven, Gas Oven, Range, Gas Range, Refrigerator, Water Heater, Microwave
Lot features
Level, Subdivided, Cleared, Few Trees
Elementary school district
Wallenpaupack Area
Middle school district
Wallenpaupack Area
High school district
Wallenpaupack Area
Subdivision
Palmyra Township
Standard status
Active
APN
106667
Size
9,054 SF
Lot size
2.32 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
0.69 Ac 2 Cottages
Tax Annual Amount
20459
Legal Description
0.69 Ac 2 Cottages
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Fireplace Insert, Propane (Heating), Forced Air, Fireplace(s)
Cooling system
Ceiling Fan(s)
Water source
Public
Water front
1
Amenities
private boat
docks
swimming platform
Building Details
Year built
1901
Floors in Building
2
Number of units
10
Flooring type
Vinyl, Hardwood, Carpet, Tile - Ceramic
Building materials
Log, T1-11, Vinyl Siding, Frame
Roof type
Metal
Architectural style
Bungalow
Additional Structures
Outbuilding
Listing Agency:
Keller Williams Real Estate - Stroudsburg 803 Main · Keller Williams Realty
(570) 213-4888
Listed By:
James Galligan
(570) 421-2890
Added: Jul 20
Changed: Oct 16
Last Checked: Oct 20 at 6:06AM
MLS# PM-143186
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.
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Investment Insights
Based on property information with market context.
This short-term rental property includes 10 cottages across 2.32 acres with approximately 270 feet of shoreline on Fairview Lake. The improvements total 9,054 square feet and include private boats for each cottage, five docks, a swimming platform, decks, porches, a playground, and a fire pit. Public water and public sewer serve the property. Interior details include natural woodwork, fireplaces, kitchens, multiple flooring types, and propane forced-air heating.
Located at 271 Route 390 in Tafton, the property is under two hours from both New York City and Philadelphia. Lake Wallenpaupack and Promised Land State Park are identified in the surrounding area, while Fairview Lake provides a setting for boating and fishing. Subject to applicable approvals, the site may accommodate three additional lakefront homesites.
Located at 271 Route 390 in Tafton, the property is under two hours from both New York City and Philadelphia. Lake Wallenpaupack and Promised Land State Park are identified in the surrounding area, while Fairview Lake provides a setting for boating and fishing. Subject to applicable approvals, the site may accommodate three additional lakefront homesites.
Key Highlights
- 10 rental cottages on 2.32 acres with approximately 270 feet of Fairview Lake shoreline
- Each cottage includes its own private boat
- Five docks and a swimming platform are included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$89,312
Cap Rate
2.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,786,240
$1.8M
Cap Rate 7%
$1,275,886
$1.3M
Cap Rate 9%
$992,356
$992.4K
Market Conditions
NOI Build-Up for 9,054 SF
Gross rent
$172.8K $19.08/SF
− Vacancy
−$10.4K −$1.14/SF
EGI
$162.4K $17.94/SF
− OpEx
−$73.1K −$8.07/SF
NOI
$89.3K $9.86/SF
Area
Pike County, PA
Vacancy
6.00%
Lease Rate
$19.08 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,786,240
Cap Rate 7%
$1,275,886
Cap Rate 9%
$992,356
Alternative Uses
Best Use
Apartment 5plus
$1.28M
$1.12M – $1.49M
NOI $89,312 @ 7.0% cap · market cap 2.88%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.21M
$1.93M – $2.58M
NOI $154,663 @ 7.0% cap · market cap 4.99%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
10
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
14
Businesses Nearby
Explore this area
Business Placement
Demographics for 18464, PA
1,368
Population
1,314
Households
1
Avg Household Size
53
Median Age
19%
College-Educated
98%
High-School Grad
11.6 sq mi
ZIP Area
118
Density / Sq Mi
$75,855
Median Household Income
$41,885
Median Earnings
$1,474
Median Rent
$319,900
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
Frequently Asked Questions
What type of property is this?
Short term rental property - Seasonal rental compound with private boats, docks, and public utilities on Fairview Lake.
Where is this short term rental property located?
The property is located at 271 Route 390 Tafton, PA.
What is the asking price?
The asking price for this property is $3,100,000.
What are key features of this property?
This property features: 10 rental cottages on 2.32 acres with approximately 270 feet of Fairview Lake shoreline; Each cottage includes its own private boat; Five docks and a swimming platform are included
