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Listing provided courtesy of Redstone Run Realty, LLC - Stroudsburg- MLS# PM-142570MLS Provider

123 Main StreetTobyhanna, PA 18466

Multi-Family · 42 Full Baths · 26,068 Sq. ft. | 3.72 Acres
$3,950,000 Active

123 Main Street Overview

Time on Site:
3 days
Visits:
0

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.

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123 Main Street Facts & Features

  • Type Multi-Family
  • Sq. ft. 26,068
  • Price/Sq.ft. $152
  • Lot 3.72 Acres

Details

General

Association/HOA

  • Association Amenities: Security,Gated,Clubhouse,Playground,Outdoor Pool,Tennis Court(s),Basketball Court,Game Court Exterior,Sport Court
  • Association Fee: 25032.0
  • Association Fee Includes: Security,Maintenance Road
  • Association: true

Income/Expenses

  • Operating Expense Includes: New Tax,Insurance,Association

Building Information

  • Year Built: 2025

Business Information

  • Current Use: Residential

Location/Region

  • County Or Parish: Monroe
  • Subdivision Name: A Pocono Country Place

Tax Information

  • Tax Annual Amount: 77252.0
  • Tax Year: 2026

General Information

  • Listing Terms: Cash,Owner May Carry,1031 Exchange
  • Parcel Number: 03.8B.2.96
  • Property Sub Type: Multi Family
  • Property Type: Residential Income
  • Special Listing Conditions: Standard

Interior

Parking Information

  • Garage Spaces: 4.0
  • Garage: true

Beds/Baths

  • Bathrooms Full: 42
  • Bathrooms Total: 42

Building Interior

  • Above Grade Finished Area: 26068.0
  • Building Area Source: Estimated
  • Building Area Total: 26068.0

General Information

  • Appliances: Electric Oven,Refrigerator,Water Heater,Dishwasher,Microwave,Stainless Steel Appliance(s)
  • Basement: false
  • Door Features: Sliding Doors
  • Electric: 200+ Amp Service
  • Fireplace: false
  • Flooring: Vinyl
  • Interior Features: Kitchen Island,Laminate Counters,Double Vanity,Walk-In Closet(s),Recessed Lighting
  • Laundry Features: Main Level,Electric Dryer Hookup,Washer Hookup
  • Living Area Source: Estimated
  • Stories: 2

Exterior

Parking Information

  • Open Parking Spaces: 28.0
  • Open Parking: true
  • Parking Total: 32.0

Lot Information

  • Lot Features: Cul-De-Sac,Level,Back Yard,Front Yard,Cleared
  • Lot Size Acres: 3.72
  • Lot Size Area: 3.72
  • Lot Size Square Feet: 162043.2
  • Lot Size Units: Acres
  • Road Responsibility: Private Maintained Road
  • Road Surface Type: Paved
  • Water Source: Public

Building Exterior/Construction

  • Architectural Style: Colonial,Ranch
  • Attached Garage: true
  • Construction Materials: T1-11,Vinyl Siding
  • Patio And Porch Features: Deck
  • Roof: Asphalt,Fiberglass,Shingle

General Information

  • Carport: false
  • Pool Private: false
  • Sewer: Public Sewer

123 Main Street Neighborhood

Community

18466 (Coolbaugh Twp) Demographics

38
Median Age
480
Population Density (per sq. mile)
32%
College Educated
$60,890
Estimated Median Income
4,183
Estimated Total Home Owners
1,613
Estimated Total Renters
72% / 28%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

123 Main Street Monthly Cost

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$ %
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$
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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

123 Main Street Market Data

Based on the last 30 days in this zip code

$315,505
Average List Price
$184
Average Price per Square Foot
35
Properties Sold
99
Average Days on Market
257
Properties for Sale
Calculations provided by Reliance Network

123 Main Street History

Date Event Value Agent
6/26/2026Source: Pocono Mountains MLS Added to Database
June 26, 2026