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696 Pennsylvania 590

Lackawaxen, PA 18435

$499,900 $2,107/Mo

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Overview

Bed

Bath

2,977

Sqft

0.38

Acre(Lot)

Description

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 storefron t 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 month-to-month leases with rents below market value, allowing future owners the opportunity to further increase income and maximize returns over time. The first-floor commercial space encompasses approximately 1,225 square feet and offers exceptional flexibility for a retail business, office, gallery, cafe, professional services, or a variety of other permitted commercial uses. Rich in character, the space features beautiful oak hardwood floors, exposed wood beams, an impressive stone wood-burning fireplace, oversized bay display windows that flood the space with natural light, a half bath, and an adjoining room with its own private entrance that can be incorporated into the main storefront or utilized as additional office, retail, or storage space. Also on the first floor is a private two-bedroom apartment complete with its own entrance, kitchen, living room, full bath, and hardwood flooring throughout.

Property Details

Property Type : Residential Income

Price : $499,900

AD Id : 86478397

MLS Id : PW262066

Beds : 5

Lot Size : 0.38 Acre

Living Area Size : 2,977

Year Built : 1950

Garage : 1

County : Pike

Map

What's Nearby

Nearby Areas

Features

Bedroom Information

Total beds: 5

Bathroom Information

Total Baths: 5 Full Baths: 4 Half Baths: 1

Room Information

Has Basement: Yes Basement: Dirt Floor, Storage Space, Walk-Out Access, Full
Flooring Information

Hardwood
Roofing Information

Asphalt, Shingle
Interior Features

Beamed Ceilings, Walk-In Closet(s), Storage, Open Floorplan, High Speed Internet, Built-in Features, Bookcases Roof: Asphalt, Shingle Appliances: Electric Range, Water Heater, Refrigerator, Gas Range Window Features: Double Pane Windows, ENERGY STAR Qualified Windows
Heating & Cooling

Has Heating: Yes Heating: Baseboard, Propane, Forced Air Has Cooling: Yes Cooling: Wall Unit(s), Window Unit(s)

Building Information

Year Built: 1950 Construction Materials: Frame, Wood Siding Stories: 2 Patio And Porch Features: Covered, Wrap Around, Front Porch Private Pool: No
Exterior Features

Exterior Features: Lighting, Storage, Rain Gutters, Private Entrance

Lot Information

Lot Size Acres: 0.38 Lot Description: Sloped, Back Yard, Few Trees

Property Information

Subdivision: None Source Property Type: Residential Income Zoning Description: Multi-Family Property SubType: Multi Family Levels: Two Property Age: 76

Listing Price Information

Listing Price: $499900 Cash, Conventional

Tax Information

Parcel Number: 019.04-01-52 024576 Tax Year: 2026 Annual Tax: $3762.8

Virtual Tour

Virtual Tour (External Link)

Parking Information

Driveway, Parking Lot

Garage Information

Has Garage: Yes Garage Space: 1

Utility Information

Cable Available, Propane, Phone Available, Electricity Connected
Location Information

Direction: From Hawley, PA (approximately 15 minutes):Take PA-590 East toward Lackawaxen. Continue on PA-590 for approximately 10 miles. The property at 696 PA-590 will be on your left, just before the center of Lackawaxen. WaterSource: Private, Well

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
105 Sugar Mountain Road, Lackawaxen, PA, 18435	$999,900	9	8	7,682	7,682 SqFt

The data relating to real estate for sale on this website comes in part from the Internet Data exchange (IDX) program of the Pike/Wayne Association of REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than ByOwner, are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. Copyright © 2026 Pike/Wayne Association of REALTORS®. All Rights Reserved.

ByOwner last updated this listing 06/26/2026 @ 12:37

MLS: PW262066 LISTED BY: Amanda Brehm, Keller Williams Realty Hudson Valley United 845-610-6065 SOURCE: PikeWayne Association of REALTORS

696 Pennsylvania 590

Property Details

Map

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Features

Interior Features

Exterior Features

Property / Lot Details

Listing Information

Taxes / Assessments

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