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87 Milanville Rd
For Sale $799,000
$799,000
- Units
- Unknown Sq Ft
- 22,651 Sq Ft
- Unknown Cap Rate
Description
7-unit mixed use apartment building for sale including 6 efficiency apartments and one 3 beds, 1 bath apartment. Inactive historic bar/restaurant with liquor license on 1st floor which could be converted to additional units or continue operations as a turnkey bar/restaurant with a full kitchen. Very close proximity to Bethel Woods, Big Bear Ski Lodge, the Delaware river, and other attractions in the Poconos making it attractive for year-round tourism. Each of the furnished units are fully occupied on a month-to-month basis without leases in place paying $1,000 per month. Owner occupies the 3-bed unit. Operating costs are roughly 15k per year (taxes are 7850, sewer 3k, insurance 2k). Brand new propane Furnace with 2 new electric water heaters. The property could also be used as a short-term rental. Located just five minutes from New York State and two-and-a-half-hours from New York City, NJ, and Philadelphia. The large lot size suggests room for further development of the grounds. Owner will be open to a short-term owner financing with minimum 375k down at a desirable 5% interest rate with balloon payment at end of term. Capitalize on the region's housing shortage and tourism draw the Poconos brings and this could be a cash cow to add to your portfolio.
Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $799,000 |
| Property Type | Multi-Family |
| Usable Sqft | Unknown |
| Number of Stories | 0 stories |
| Parking Spots | 0 spots |
| Year Built | 1830 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | Unknown |
| MLS # | PAWN2000764 |
| Property ID | 322143872 |
| Lot Sqft | 22,651 |
| Zoning | COMMERCIAL |
| Days on Market | 163 |
| Original List Price | Unknown |
| Date Updated | September 29, 2025 |
| Date Created | September 03, 2025 |
Financials not available online. Please inquire with your agent for more details.
Listing Provided By
Alexander Schwartz an agent of .
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Data last updated: February 13, 2026.
Contact Agent
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Showing Agent
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Robert Crawford
REAL ESTATE AGENT