696 Route 590, Lackawaxen, PA

House

For Sale

Listed price in listed location currency (USD).

$499,900

551

MLS® PW262066

Key Facts
Description
Map

Key Facts

Type Multi Family

Levels Residential Income

Size 2977 sqft

Garage Yes

Taxes $3,763

Days Active 0

Lot Size 0.38 Acres

Approx. Age 1950

Avg. Price Per Sqft $167

MLS® Number PW262066

Property Address: 696 Route 590, Lackawaxen, PA, 18435-9622

Average square foot calculated using Size range provided by listing agent.

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 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 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.

MLS® NumberPW262066

Laundry Level

Central VacNo

FireplaceYes

Acreage

Exterior

GarageYes

Approx. Age1950

BasementDirt Floor, Storage Space, Walk-Out Access, Full

DrivewayDriveway, Parking Lot

Garage Spaces

HeatBaseboard, Propane, Forced Air

A/CWall Unit(s), Window Unit(s)

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

Jun 25, 2026List Date

$499,900List Price

Commute

Commute

Starting Address

Destination Address

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