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34069852
34069949

123 Main Street, Tobyhanna, PA 18466 For Sale

XW
PA RS 318582
Redstone Run Realty
Listed by Redstone Run Realty
$3,950,000
17 days on market
Updated 15 days ago

14-Unit New Construction Single Family Rental Portfolio

Details
APN 03.8B.2.96
Property Type Multifamily
Sub Type Single Family Rental Portfolio, Apartment Building
Square Footage 26,068
Units 14
Cap Rate 5.56%
NOI $219,496
Occupancy 100%
Tenancy Multi
Price per SqFt $152
Year Built 2025
Buildings 14
Stories 2
Acreage 3.720
Zoning Residential
Parking Spaces 32 spaces
Parking per 1,000 SqFt 1.23
Investment Type Stabilized

123 Main Street, Tobyhanna, PA 18466

Marketing description

Rare Investment Opportunity to Purchase This Portfolio of Fully Occupied New Construction Workforce Housing in Single Neighborhood w Community Amenities. Fourteen brand-new single-family homes in one transaction - all built 2025-2026, all leased, all cash-flowing day one. Located inside A Pocono Country Place, a 4,500-home gated community with 24/7 manned access, 4 pools, 2 lakes, 8 tennis courts, and 3 clubhouses - ideal for tenant retention. The portfolio includes 10 Colonials and 4 Ranches, each 4bd/3ba on a quarter-acre wooded lot with stainless appliances and modern finishes. New construction means zero deferred maintenance; 100% occupancy means no lease-up risk. The expense structure sets this offering apart: tenants pay all utilities, heat, water, lawn, snow, and pest control. Landlord costs are limited to taxes, insurance, and HOA. The result is $356,400 in gross annual rent, $219,496 NOI, and a 5.56% cap at ask. Ranch rents alone trail market by $268/mo. Priced at $282,183 per unit, a 5.3% discount to weighted Zestimate and below the $300,000 comp that closed nearby in May 2026. Owner financing available - call for terms. 85 miles to Midtown Manhattan with daily bus service to NYC. Management in place via DoorLoop and fully assumable. A clean fit for 1031 buyers facing a deadline, BTR operators scaling quickly, or family offices tired of assembling SFRs one at a time. Full OM and financials available under NDA.

Investment highlights

  • Fourteen brand-new single-family homes in one transaction - all built 2025-2026, all leased, all cash-flowing day one
  • Located inside A Pocono Country Place, a 4,500-home gated community with 24/7 manned access, 4 pools, 2 lakes, 8 tennis courts, and 3 clubhouses
  • Portfolio includes 10 Colonials and 4 Ranches, each 4bd/3ba on a quarter-acre wooded lot with stainless appliances and modern finishes
  • New construction means zero deferred maintenance; 100% occupancy means no lease-up risk
  • Tenants pay all utilities, heat, water, lawn, snow, and pest control
  • Landlord costs are limited to taxes, insurance, and HOA
  • $356,400 in gross annual rent, $219,496 NOI, and a 5.56% cap at ask
  • Ranch rents alone trail market by $268/mo
  • Priced at $282,183 per unit, a 5.3% discount to weighted Zestimate and below the $300,000 comp that closed nearby in May 2026
  • Owner financing available - call for terms
  • 85 miles to Midtown Manhattan with daily bus service to NYC
  • Management in place via DoorLoop and fully assumable
  • A clean fit for 1031 buyers facing a deadline, BTR operators scaling quickly, or family offices tired of assembling SFRs one at a time

Listing Contacts

XW
PA RS 318582
Redstone Run Realty
Listed by Redstone Run Realty

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$219,496.00
$18,291.33/mo

Valuation Metrics

0
DSCR
5.56%
Cap Rate
5.56%
ROI

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Additional Information

Name
Xander Weidenbaum
License
RS 318582
Brokerage
Redstone Run Realty
Brokerage Phone
5703904646
Title
REALTOR
Brokerage Address
21 South 6th Street
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