Five-Unit Mixed-Use
696 Pennsylvania 590, Lackawaxen, PA 18435
For Sale
$400,000
Pending
Residential Income, Lackawaxen, PA
Property Size2,977 SF
Lot Size0.38 Acres
Days on Market139
Property Features for 696 Pennsylvania 590
General Information
Property type
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Zoning description
Bedrooms
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Parking features
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Patio and Porch features
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Fireplace
Basement
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Middle school district
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Directions
Standard status
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Size
Lot size
Taxes and HOA fees
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Building Details
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Listing Agency:
Keller Williams Realty Hudson Valley United
(845) 610-6065
Listed By:
Amanda Brehm
(845) 741-5608
Added: Jun 25
Changed: Sep 12
Last Checked: Nov 10 at 9:06PM
MLS# PW-262066
Copyright © 2026 Pike/Wayne Association of Realtors MLS. 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 2,977-square-foot mixed-use property combines four residential apartments with an approximately 1,225-square-foot commercial storefront. The storefront is vacant and includes oak hardwood flooring, exposed wood beams, a stone wood-burning fireplace, bay display windows, a half bath, and an adjoining room with a private entrance. The additional room can connect to the storefront or function separately as office, retail, or storage space. A private two-bedroom apartment on the first floor includes its own entrance, kitchen, living room, full bath, and hardwood flooring.
The property occupies 0.38 acres at 696 Pennsylvania 590 in Lackawaxen, near the Roebling Bridge and Delaware River. On-site features include a parking lot, driveway, porch, well water, engineered septic, propane heating, wall and window cooling units, and cable availability. The four residential units are occupied, while the commercial space is available for an owner-user or a new tenant. Current operations reflect an approximate 3.74% cap rate; projected performance with the storefront leased is an approximate 6.98% pro forma cap rate.
The property occupies 0.38 acres at 696 Pennsylvania 590 in Lackawaxen, near the Roebling Bridge and Delaware River. On-site features include a parking lot, driveway, porch, well water, engineered septic, propane heating, wall and window cooling units, and cable availability. The four residential units are occupied, while the commercial space is available for an owner-user or a new tenant. Current operations reflect an approximate 3.74% cap rate; projected performance with the storefront leased is an approximate 6.98% pro forma cap rate.
Key Highlights
- Five‑unit mixed‑use property with four apartments and one commercial storefront
- 2,977 square feet on 0.38 acres at 696 Pennsylvania 590, Lackawaxen, PA 18435
- Approximately 1,225‑square‑foot vacant storefront with bay display windows and private‑entry adjoining room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,142
Cap Rate
7.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$602,840
$602.8K
Cap Rate 7%
$430,600
$430.6K
Cap Rate 9%
$334,911
$334.9K
Market Conditions
NOI Build-Up for 2,977 SF
Gross rent
$53.6K $18.00/SF
− Vacancy
−$5.4K −$1.80/SF
EGI
$48.2K $16.20/SF
− OpEx
−$18.1K −$6.07/SF
NOI
$30.1K $10.13/SF
Area
Pike County, PA
Vacancy
10.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$602,840
Cap Rate 7%
$430,600
Cap Rate 9%
$334,911
Alternative Uses
Best Use
Mixed Use
$430.6K
$376.8K – $502.4K
NOI $30,142 @ 7.0% cap · market cap 7.54%
Second Best
Apartment 5plus
$419.5K
$367.1K – $489.4K
NOI $29,366 @ 7.0% cap · market cap 7.34%
Theoretical Best
Office A
$726.5K
$635.7K – $847.6K
NOI $50,854 @ 7.0% cap · market cap 12.71%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
4
Residential units
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
36
Businesses Nearby
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Business Placement
Demographics for 18435, PA
1,055
Population
1,569
Households
0.7
Avg Household Size
53
Median Age
51%
College-Educated
94%
High-School Grad
12.5 sq mi
ZIP Area
84
Density / Sq Mi
$97,924
Median Household Income
$46,552
Median Earnings
$317,400
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use building with four apartments and a vacant commercial storefront along PA-590.
Where is this mixed-use property located?
The property is located at 696 Pennsylvania 590 Lackawaxen, PA.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: Five‑unit mixed‑use property with four apartments and one commercial storefront; 2,977 square feet on 0.38 acres at 696 Pennsylvania 590, Lackawaxen, PA 18435; Approximately 1,225‑square‑foot vacant storefront with bay display windows and private‑entry adjoining room
