696 Pennsylvania 590, Lackawaxen, PA 18435

Lackawaxen
Local realty services provided by:ERA One Source Realty
696 Pennsylvania 590,Lackawaxen, PA 18435
$499,900
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  • 5 Beds
  • 5 Baths
  • 2,977 sq. ft.
  • Multi-family
  • Active
Listed by: amanda brehm, charles terwilliger
Office: keller williams realty hudson valley united
MLS#:PW262066
Source:PA_PWAR

Price summary

  • Price:$499,900
  • Price per sq. ft.:$167.92

About this home

Exceptional Mixed-Use Investment Opportunity in the Heart of Lackawaxen! Ideally situated along highly traveled PA-590 just minutes from the historic Roebling Bridge, the scenic Delaware River, and endless outdoor recreation, this five-unit mixed-use property presents an outstanding opportunity for investors seeking immediate cash flow with exceptional value-add potential. Featuring one commercial storefront and four residential apartments, the property currently generates income from the four occupied residential units while the approximately 1,225-square-foot commercial storefront remains vacant, offering an immediate opportunity for owner occupancy or additional rental income. Based on the property's current income, it operates at an approximate 3.74% cap rate. Once the vacant storefront is leased at projected market rent, the property is projected to achieve an approximate 6.98% pro forma cap rate, with even greater upside available as all residential tenants are currently on...

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Home facts

  • Year built:1950
  • Listing ID #:PW262066
  • Added:1 day(s) ago
  • Updated:June 26, 2026 at 01:35 AM

Rooms and interior

  • Bedrooms:5
  • Total bathrooms:5
  • Full bathrooms:4
  • Half bathrooms:1
  • Flooring:Hardwood
  • Kitchen Description:Electric Range, Gas Range, Refrigerator
  • Basement:Yes
  • Basement Description:Dirt Floor, Full, Walk-Out Access
  • Living area:2,977 sq. ft.

Heating and cooling

  • Cooling:Wall Unit(S), Window Unit(S)
  • Heating:Baseboard, Forced Air, Propane

Structure and exterior

  • Roof:Asphalt, Shingle
  • Year built:1950
  • Building area:2,977 sq. ft.
  • Lot area:0.38 Acres
  • Lot Features:Sloped
  • Construction Materials:Frame, Wood siding
  • Exterior Features:Covered, Lighting, Storage

Utilities

  • Water:Well

Finances and disclosures

  • Price:$499,900
  • Price per sq. ft.:$167.92
  • Tax amount:$3,763 (2026)

Features and amenities

  • Appliances:Electric Range, Gas Range, Refrigerator
  • Amenities:Open Floorplan, Walk-In Closet(s)

Parking

  • Parking description:Driveway
  • Garage:Yes
  • Garage spaces:1
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