123 Main Street, Tobyhanna, PA 18466 (MLS# PM-142570)

123 Main Street, Tobyhanna, PA 18466

New Listing

$3,950,000

Property Type: Residential Income Square Footage: 26,068 Lot Size (sq. ft.): 162,043 Status: Active

Current Price: $3,950,000 List Date: 6/26/2026 Last Modified: 6/26/2026

Overview

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 ... (Read more)

Listing Details MLS# PM-142570

General Property Information

Bathrooms Full: 42
Above Grade Finished Area: 26068
Living Area: 26068
Living Area Source: Estimated
Building Area Total: 26068
Building Area Source: Estimated
Stories: 2
Number Of Buildings: 14
Year Built: 2025
Year Built Source: Builder
Fireplace YN: No
Basement YN: No
Pool Private YN: No
Garage YN: Yes
Attached Garage YN: Yes
Garage Spaces: 4
Carport YN: No
Open Parking YN: Yes
Open Parking Spaces: 28
Parking Total: 32
Lot Size Acres: 3.72
Water Body Access YN: Yes
Association YN: Yes
Association Fee: 25032
Association Fee Frequency: Annually
Capital Improvement Fee: 23632
List Price/SqFt: 151.53
Below Grade Finished Area: 0

Property Features

Special Listing Conditions: Standard Listing Terms: Cash; Owner May Carry; 1031 Exchange Owner Pays: Insurance; Taxes; Association Fees Tenant Pays: All Utilities; Electricity; Water; Sewer; Telephone; Cable TV; Pest Control; Snow Removal; Trash Collection Income Includes: Rent Only Operating Expense Includes: New Tax; Insurance; Association Possession: Close Of Escrow Current Use: Residential Property Condition: New Construction Architectural Style: Colonial; Ranch Interior Features: Kitchen Island; Laminate Counters; Double Vanity; Walk-In Closet(s); Recessed Lighting Laundry Features: Main Level; Electric Dryer Hookup; Washer Hookup Flooring: Vinyl Door Features: Sliding Doors Construction Materials: T1-11; Vinyl Siding Roof: Asphalt; Fiberglass; Shingle Electric: 200+ Amp Service Cooling: Wall/Window Unit(s); Electric; Varies by Unit Heating: Baseboard; Electric Appliances: Electric Oven; Refrigerator; Dishwasher; Microwave; Stainless Steel Appliance(s); Water Heater Water Source: Public Sewer: Public Sewer Patio And Porch Features: Deck Parking Features: Garage Faces Front; Driveway; Gravel Lot Features: Cul-De-Sac; Level; Back Yard; Front Yard; Cleared Road Surface Type: Paved Road Responsibility: Private Maintained Road Water Body Type: Lake Water Body Features: Beach; Fishing Water Body Access Type: Association Association Amenities: Security; Gated; Clubhouse; Playground; Outdoor Pool; Tennis Court(s); Basketball Court; Game Court Exterior; Sport Court Association Fee Includes: Security; Maintenance Road

Contract Information

Property Sub Type: Multi Family
Listing Contract Date: 2026-06-26
Listing Service: Full Service

Location Tax and Legal

County: Monroe
Street Number: 123
Street Name: Main
Street Suffix: Street
City (Post Office): Tobyhanna
State: PA
Postal Code: 18466
Subdivision Name: A Pocono Country Place

Remarks and Miscellaneous

Public Remarks: 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.

Income and Expenses

Gross Income: 356400
Gross Scheduled Income: 356400
Net Operating Income: 219496
Cap Rate: 5.56
Vacancy Allowance: 17820
Vacancy Allowance Rate: 5
Insurance Expense: 16800
New Taxes Expense: 77252
Other Expense: 25032

More Information

Unit 1

Unit #: 3344 Woodland Dr
Occupied YN: Yes
SqFt Total: 1842
Rooms Total: 11
Kitchen YN: Yes
Dining Room YN: Yes
Living Room YN: Yes

Unit 2

Unit #: 208 Greenbriar Cir
Occupied YN: Yes
SqFt Total: 1842
Rooms Total: 11
Kitchen YN: Yes
Dining Room YN: Yes
Living Room YN: Yes

Unit 3

Unit #: 9130 Brandywine Dr
Occupied YN: Yes
SqFt Total: 1842
Rooms Total: 11
Kitchen YN: Yes
Dining Room YN: Yes
Living Room YN: Yes

Unit 4

Unit #: 9161 Brandywine Dr
Occupied YN: Yes
SqFt Total: 1842
Rooms Total: 11
Kitchen YN: Yes
Dining Room YN: Yes
Living Room YN: Yes

Unit 5

Unit #: 776 Country Place Dr
Occupied YN: Yes
SqFt Total: 1870
Rooms Total: 10
Kitchen YN: Yes
Dining Room YN: Yes
Living Room YN: Yes

Unit 6

Unit #: 458 Country Place Dr
Occupied YN: Yes
SqFt Total: 1870
Rooms Total: 10
Kitchen YN: Yes
Dining Room YN: Yes
Living Room YN: Yes

Unit 7

Unit #: 8475 Bumble Bee Way
Occupied YN: Yes
SqFt Total: 1870
Rooms Total: 10
Kitchen YN: Yes
Dining Room YN: Yes
Living Room YN: Yes

Unit 8

Unit #: 6152 Pleasant Lane
Occupied YN: Yes
SqFt Total: 1870
Rooms Total: 10
Kitchen YN: Yes
Dining Room YN: Yes
Living Room YN: Yes

Unit 9

Unit #: 2250 Whippoorwill Wa
Occupied YN: Yes
SqFt Total: 1870
Rooms Total: 10
Kitchen YN: Yes
Dining Room YN: Yes
Living Room YN: Yes

Unit 10

Unit #: 1694 Aspen Terrace
Occupied YN: Yes
SqFt Total: 1870
Rooms Total: 10
Kitchen YN: Yes
Dining Room YN: Yes
Living Room YN: Yes

Unit Details

4 Bedroom: 14

Location, Tax, and Legal

Parcel Number: 03.8B.2.96
Municipality: Coolbaugh Township
High School District: Pocono Mountain
Tax Subdivision Name: A Pocono Country Pl
County Tax Amount: 12713
Municipal Tax Amount: 6383
School Tax Amount: 54124
Tax Other Annual Assessment Amount: 4032
Tax Annual Amount: 77252
Tax Assessed Value: 161150
Tax Year: 2026
Tax Map Number: 03635815626681
Tax Lot: 293
Tax Book Number: 2648
Tax Page Number: 6448
Deed Recording Date: 2024-04-23
Zoning Description: Residential

Currently Not Used

Number Of Units Total: 14

Special Listing Conditions

Standard: Yes

Listing Terms

Cash: Yes
Owner May Carry: Yes
1031 Exchange: Yes

Owner Pays

Insurance: Yes
Taxes: Yes
Association Fees: Yes

Tenant Pays

All Utilities: Yes
Electricity: Yes
Water: Yes
Sewer: Yes
Telephone: Yes
Cable TV: Yes
Pest Control: Yes
Snow Removal: Yes
Trash Collection: Yes

Income Includes

Rent Only: Yes

Operating Expense Includes

New Tax: Yes
Insurance: Yes
Association: Yes

Possession

Close Of Escrow: Yes

Current Use

Residential: Yes

Architectural Style

Colonial: Yes
Ranch: Yes

Property Condition

New Construction: Yes

Interior Features

Kitchen Island: Yes
Laminate Counters: Yes
Double Vanity: Yes
Walk-In Closet(s): Yes
Recessed Lighting: Yes

Laundry Features

Main Level: Yes
Electric Dryer Hookup: Yes
Washer Hookup: Yes

Flooring

Vinyl: Yes

Door Features

Sliding Doors: Yes

Construction Materials

T1-11: Yes
Vinyl Siding: Yes

Roof

Asphalt: Yes
Fiberglass: Yes
Shingle: Yes

Electric

200+ Amp Service: Yes

Cooling

Wall/Window Unit(s): Yes
Electric: Yes
Varies by Unit: Yes

Heating

Baseboard: Yes
Electric: Yes

Water Heater

Electric: Yes

Appliances

Electric Oven: Yes
Refrigerator: Yes
Water Heater: Yes
Dishwasher: Yes
Microwave: Yes
Stainless Steel Appliance(s): Yes

Water Source

Public: Yes

Sewer

Public Sewer: Yes

Patio And Porch Features

Deck: Yes

Parking Features

Garage Faces Front: Yes
Driveway: Yes
Gravel: Yes

Lot Features

Cul-De-Sac: Yes
Level: Yes
Back Yard: Yes
Front Yard: Yes
Cleared: Yes

Road Surface Type

Paved: Yes

Road Responsibility

Private Maintained Road: Yes

Water Body Type

Lake: Yes

Water Body Features

Beach: Yes
Fishing: Yes

Water Body Access Type

Association: Yes

Association Amenities

Security: Yes
Gated: Yes
Clubhouse: Yes
Playground: Yes
Outdoor Pool: Yes
Tennis Court(s): Yes
Basketball Court: Yes
Game Court Exterior: Yes
Sport Court: Yes

Association Fee Includes

Security: Yes
Maintenance Road: Yes

Listing Office: Redstone Run Realty, LLC - Stroudsburg

Last Updated: June - 26 - 2026

Information deemed reliable but not guaranteed.

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123 Main Street, Tobyhanna, PA 18466 (MLS# PM-142570)