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    Lakefront Townhome in Saw Creek Title is generated by Realmo AI

    3301 Windermere Drive, Bushkill, PA 18324

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    Claim this Listing
    For Sale
    $210,000

    MULTI_FAMILY - Lehman Twp, PA

    Property size:
    1,596 SF
    Lot size:
    0.06 Acres
    Price / SF:
    $131/SF
    Added:
    Feb 15, 2026
    Days on Market:
    108
    Last Refresh:
    Jun 3 at 12:06 am

    Property Features for 3301 Windermere Drive

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    LDR
    Bedrooms
    3
    Bathrooms
    2
    Rooms
    Bathroom 2, Bedroom 1, Bedroom 3, Bathroom 1, Bedroom 2
    Parking
    1
    Parking features
    Off Street
    Standard status
    Active
    APN
    107451
    Size
    1,596 SF
    Lot size
    0.06 Acres

    Taxes and HOA fees

    Tax Annual Amount
    3874

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Electric (Heating), Heat Pump (Heating), Forced Air
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1990
    Number of units
    1
    Building materials
    Frame

    We can help!

    Listing Contact
    Josh Mrozinski

    Listing agent Josh Mrozinski

    Listing office EXP Realty LLC 168 W Ridge Pike, Unit 101, pittsburgh, PA

    Listing date Feb 15, 2026

    MLS# 771903 Listing URL

    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.

    Overview

    This income-producing, lakefront end-unit townhome is located in Mill Pond at Saw Creek Estates. The property features 3 bedrooms and 2 full bathrooms, including a first-floor bedroom with a walk-in closet. The 1596 square feet home is equipped with forced air heating, central air conditioning, and a fireplace. The layout is appealing and functional, with a strong lakefront position that offers the potential to enhance value over time. The Homeowner's Association (HOA) covers exterior maintenance, including the roof, siding, deck, lawn care, and snow removal. Saw Creek Estates provides 24-hour gated security, lakes, beaches, indoor and outdoor pools, a ski slope, a fitness center, playgrounds, basketball courts, and tennis courts. Located in Lehman Twp, PA, Saw Creek is conveniently located near Poconos attractions, including Bushkill Falls, Shawnee Mountain Ski Area, and The Crossings Premium Outlets. The lot size is 0.06 acres. The property is zoned LDR.

    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 $30.5k $19.08
    − Vacancy −$1.8k −$1.14
    EGI $28.6k $17.94
    − OpEx −$12.9k −$8.07
    NOI $15.7k $9.86
    1,596 SF · lease $19.08/SF/yr · vacancy 6.00% · expense 45.00%

    Alternative Uses

    Best Use
    Apartment 5plus
    $224.9K
    $196.8K – $262.4K (±1% cap)
    NOI $15,744 @ 7.0% cap · market cap 7.50%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $389.5K
    $340.8K – $454.4K (±1% cap)
    NOI $27,263 @ 7.0% cap · market cap 12.98%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential income properties

    Suggested Use

    Auto Repair Shop Department Store Kitchen & Bath Showroom Hotel & Motel Discount Store Bed & Breakfast Home Appliance Store Plumbing Service

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Bushkill
    County
    Pike
    State
    Pennsylvania
    Longitude
    -75.027598
    Latitude
    41.108978

    Nearby Similar for Sale

    • $210,000
      1,596 SF

      Lakefront Townhome in Saw Creek

      Income-producing 3-bedroom townhome with lake access and community amenities.
      3301 WINDERMERE DRIVE, BUSHKILL, PA 18324
      View Details
    • $195,000

      Income-Producing Townhome in Saw Creek

      Tenant-occupied townhome with HOA covering exterior maintenance.
      3322 Windermere Drive, Lehman Twp, PA 18324
      View Details

    FAQs

    What type of property is this?
    Residential income property - Income-producing townhome with lake views and community amenities.
    Where is this residential income property located?
    The property is located at 3301 Windermere Drive Bushkill, PA.
    What is the asking price?
    The asking price for this property is $210,000.
    (412) 925-5551
    We can help!
    Listing Contact
    Josh Mrozinski
    Request Owner's contact information
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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    3301 Windermere Drive, Lehman Twp, PA 18324
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