Date
Details
Price
Change
Source
6/25/2026
Listed
$499,900
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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Property 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.
Full Property Details
Full Property Details for 696 Pennsylvania 590
General
- Price: $499,900
- Taxes: $3,762
- Status: Active
- Type: Multi-Family
- Source: 2103
- MLS ID: PW262066
- Updated: 6/25/2026
- Added to Site: 21 day(s) ago
Interior
- Interior Features: Beamed Ceilings, Walk-In Closet(s), Storage, Open Floorplan, On Site Septic, High Speed Internet, Built-in Features, Bookcases
- Fireplace: Yes
- Number of Fireplaces: 1
- Fireplace(s): Stone, Wood Burning
- Appliances: Electric Range, Water Heater, Refrigerator, Gas Range
- Flooring: Hardwood
Rooms
Bathrooms
- Total Bathrooms: 5
- Full Bathrooms: 4
- Half Bathrooms: 1
Bedrooms
- Total Bedrooms: 5
Exterior
- Exterior Features: Lighting, Storage, Rain Gutters, Private Entrance
- Porch/Patio/Deck: Covered, Wrap Around, Front Porch
Parking
- Garage: Yes
- Garage Spaces: 1
- Parking Features: Driveway, Parking Lot
Location
- County: Pike
- Subdivision: None
- Driving Directions: 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.
School Information
- High School District: Wallenpaupack School District
Heating & Cooling
- Cooling Type: Wall Unit(s), Window Unit(s)
- Heating Type: Baseboard, Propane, Forced Air
Utilities
- Electric Available: Yes
- Sewer: Engineered Septic
- Water: Well
- Utility Description: Cable Available, Propane, Phone Available, Electricity Connected
Structural Information
- Architectural Style: Other
- Detached/Attached: Detached
- Construction: Frame, Wood Siding
- Basement: Yes
- Basement Desc.: Dirt Floor, Storage Space, Walk-Out Access, Full
- Windows: Double Pane Windows, ENERGY STAR Qualified Windows
- Stories/Levels: 2
- Square Feet: 2,977
- Living Area: 2,977 Sq. Ft.
- Current Bldg. Use: Mixed Use, Retail, Multi-Family
- Year Built: 1950
Lot Features
- Lot Size (Acres): 0.38
- Frontage: State Road
- Road Maintenance: Public Maintained Road
- Fence: Yes
- Lot Features: Back Yard, Sloped, Few Trees
- Fencing (Description): None
Financial Considerations
- Tax Amount: $3,762.8
- Tenant Pays: Electricity
Disclosures and Reports
- Property ID: 019.04-01-52 024576
Listed by Keller Williams Realty Hudson Valley United
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Listing agents
— 696 Pennsylvania 590 —
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Schools
Schools serving 696 Pennsylvania 590
School District:Wallenpaupack Area School District
| Name | Grades | Distance |
|---|---|---|
Wallenpaupack Pri School 158 Atlantic Avenue, Hawley, PA 18428 | K-2 | 9.8 mi |
Wallenpaupack North Intrmd School 187 Atlantic Avenue, Hawley, PA 18428 | 3-5 | 10 mi |
Wallenpaupack Area Middle School 139 Atlantic Avenue, Hawley, PA 18428 | 6-8 | 10 mi |
Wallenpaupack Area High School 2552 Route 6, Hawley, PA 18428 | 9-12 | 10.4 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 696 Pennsylvania 590
Estimate the Cost
Estimate the Cost for 696 Pennsylvania 590
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696 Pennsylvania 590, Lackawaxen, PA 18435 (MLS# PW262066) is a Multi-Family property with 5 units containing 5 bedrooms, 4 full bathrooms and 1 partial bathroom. 696 Pennsylvania 590 is currently listed for $499,900 and was received on June 25, 2026. Want to learn more about 696 Pennsylvania 590? Do you have questions about finding other Multi-Family real estate for sale in Lackawaxen? You can browse all Lackawaxen real estate or contact a Coldwell Banker agent to request more information.