Lakefront Residential Income
For Sale
$205,000
3301 Windermere Drive, Bushkill, PA 18324
ResidentialIncome, Lehman Twp, PA
Property Size1,596 SF
Lot Size0.06 Acres
Price / SF$128.45
Days on Market207
Property Features for 3301 Windermere Drive
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
LDR
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bedroom 3, Bedroom 1, Bathroom 1, Bedroom 2
Parking
1
Parking features
Off Street
Subdivision
Saw Creek Estates
Elementary school district
East Stroudsburg
Middle school district
East Stroudsburg
High school district
East Stroudsburg
Directions
209 North to Winona Falls Road and follow to main gate of Saw Creek Estates. Turn right onto Woodbridge Drive, right on Brentwood, right on Manchester and then left on Kirkham Road. Left onto Lancaster and left on Windermere. House on left, #3272.
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), Forced Air, Heat Pump (Heating)
Cooling system
Central Air
Water source
Public
Amenities
fireplace
central air conditioning
24-hour gated security
lakes
beaches
indoor pool
outdoor pool
ski slope
fitness center
playgrounds
basketball courts
tennis courts
Building Details
Year built
1990
Number of units
1
Building materials
Frame
Listing Agency:
EXP Realty LLC
(888) 397-7352
Listed By:
Josh Mrozinski
(484) 262-9102
Added: Feb 15
Changed: Sep 5
Last Checked: Sep 10 at 6:06AM
MLS# 771903
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.
Investment Insights
Based on property information with market context.
This 1,596-square-foot end-unit townhome is configured with 3 bedrooms and 2 full bathrooms, including a first-floor bedroom with a walk-in closet. The home features forced-air heating, central A/C, a fireplace, off-street parking, and public water and sewer. Built in 1990, the frame residence occupies a 0.06-acre lot and has lakefront positioning within Mill Pond at Saw Creek Estates.
The HOA handles exterior maintenance, including the roof, siding, deck, lawn care, and snow removal. Saw Creek Estates provides 24-hour gated security along with lakes, beaches, indoor and outdoor pools, a ski slope, fitness center, playgrounds, basketball courts, and tennis courts. The property is located in Lehman Twp, Pike County, Pennsylvania, and is zoned LDR.
The HOA handles exterior maintenance, including the roof, siding, deck, lawn care, and snow removal. Saw Creek Estates provides 24-hour gated security along with lakes, beaches, indoor and outdoor pools, a ski slope, fitness center, playgrounds, basketball courts, and tennis courts. The property is located in Lehman Twp, Pike County, Pennsylvania, and is zoned LDR.
Key Highlights
- 1,596‑square‑foot lakefront end‑unit townhome
- 3 bedrooms and 2 full bathrooms
- First‑floor bedroom with walk‑in closet
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
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
24
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Residential income property - End-unit residence with flexible bedroom placement, central air, fireplace, 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 $205,000.
What are key features of this property?
This property features: 1,596‑square‑foot lakefront end‑unit townhome; 3 bedrooms and 2 full bathrooms; First‑floor bedroom with walk‑in closet
