Lakefront End-Unit
For Sale
$205,000
3301 WINDERMERE DRIVE, Bushkill, PA 18324
Multi-Family, BUSHKILL, PA
Property Size1,596 SF
Lot Size0.06 Acres
Price / SF$128.45
Days on Market203
Property Features for 3301 WINDERMERE DRIVE
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking features
Off Street, Assigned
Fireplace
1
Appliances
Oven/Range - Electric, Refrigerator, Dishwasher, Washer, Dryer
Subdivision
MILL POND (SAW CREEK)
Elementary school
BUSHKILL
Middle school
LEHMAN
High school
EAST STROUDSBURG HIGH SCHOOL NORTH
Elementary school district
EAST STROUDSBURG AREA
Middle school district
EAST STROUDSBURG AREA
High school district
EAST STROUDSBURG AREA
Standard status
Active
Size
1,596 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Annual Amount
3874
Utilities
Heating system
Forced Air, Heat Pump (Heating)
Cooling system
Central Air
Water front features
Waterfront, Navigable Water
Water front
1
Building Details
Year built
1990
Number of units
1
Listing Agency:
EXP Realty, LLC
(888) 397-7352
Listed By:
Joshua Lee Mrozinski · License #RS336038
(484) 262-9102
Added: Feb 18
Changed: Sep 3
Last Checked: Sep 9 at 4:06AM
MLS# PAPI2000824
Copyright © 2026 Bright MLS. 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.
This lakefront end-unit townhome offers three bedrooms and two full bathrooms, including a first-floor bedroom with a walk-in closet. The interior is served by forced-air heating with central air conditioning, and the home includes a fireplace. With an appealing, functional layout, it is designed for comfortable everyday living while supporting a straightforward rental or owner-occupant use.
Set within the Mill Pond community at Saw Creek Estates, the property benefits from an HOA that covers exterior maintenance, including roof, siding, deck, lawn care, and snow removal. Residents also have access to 24-hour gated security and a wide set of on-site amenities, including lakes, beaches, indoor and outdoor pools, and recreational facilities such as fitness, playgrounds, basketball courts, and tennis courts. The community also features a ski slope, and its location places it within convenient reach of regional attractions.
For tenants, the first-floor bedroom can improve day-to-day flexibility, while the central HVAC and fireplace add functional comfort during changing seasons. For buyers, the combination of an end-unit configuration, lakefront positioning, and HOA-covered exterior responsibilities can simplify ongoing ownership and property management.
Set within the Mill Pond community at Saw Creek Estates, the property benefits from an HOA that covers exterior maintenance, including roof, siding, deck, lawn care, and snow removal. Residents also have access to 24-hour gated security and a wide set of on-site amenities, including lakes, beaches, indoor and outdoor pools, and recreational facilities such as fitness, playgrounds, basketball courts, and tennis courts. The community also features a ski slope, and its location places it within convenient reach of regional attractions.
For tenants, the first-floor bedroom can improve day-to-day flexibility, while the central HVAC and fireplace add functional comfort during changing seasons. For buyers, the combination of an end-unit configuration, lakefront positioning, and HOA-covered exterior responsibilities can simplify ongoing ownership and property management.
Key Highlights
- Lakefront end‑unit townhome in Mill Pond at Saw Creek Estates with 3 bedrooms and 2 full bathrooms
- First‑floor bedroom with walk‑in closet; includes fireplace and functional, appealing layout
- Comfort systems: forced air heat with heat pump, plus central A/C
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
$15,744
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
7.68%
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%
$314,880
$314.9K
Cap Rate 7%
$224,914
$224.9K
Cap Rate 9%
$174,933
$174.9K
Market Conditions
NOI Build-Up for 1,596 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
$30.5K $19.08/SF
− Vacancy
−$1.8K −$1.14/SF
EGI
$28.6K $17.94/SF
− OpEx
−$12.9K −$8.07/SF
NOI
$15.7K $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 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%
$314,880
Cap Rate 7%
$224,914
Cap Rate 9%
$174,933
Alternative Uses
Best Use
Apartment 5plus
$224.9K
$196.8K – $262.4K
NOI $15,744 @ 7.0% cap · market cap 7.68%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$389.5K
$340.8K – $454.4K
NOI $27,263 @ 7.0% cap · market cap 13.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
24
Businesses Nearby
Explore this area
Business Placement
Demographics for 18324, PA
9,739
Population
5,788
Households
1.7
Avg Household Size
44
Median Age
26%
College-Educated
89%
High-School Grad
31.8 sq mi
ZIP Area
306
Density / Sq Mi
$69,000
Median Household Income
$40,711
Median Earnings
$2,011
Median Rent
$194,500
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Single family property - Income-producing end-unit townhome with lakefront positioning, three bedrooms, and HOA-covered exterior maintenance.
Where is this single family property located?
The property is located at 3301 WINDERMERE DRIVE Bushkill, PA.
What is the asking price?
The asking price for this property is $205,000.
What are key features of this property?
This property features: Lakefront end‑unit townhome in Mill Pond at Saw Creek Estates with 3 bedrooms and 2 full bathrooms; First‑floor bedroom with walk‑in closet; includes fireplace and functional, appealing layout; Comfort systems: forced air heat with heat pump, plus central A/C
