Mixed-Use 7-Unit Multifamily
111 Rippling Brook Road Canadensis, PA 18325
For Sale
$700,000
COMMERCIAL - Canadensis, PA
Property Size3,874 SF
Lot Size10.13 Acres
Price / SF$180.69
Days on Market17
Property Features for 111 Rippling Brook Road
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Basement
- Crawl Space
- Standard status
- Active
- APN
- 01.23.1.19
- Size
- 3,874 SF
- Lot size
- 10.13 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 13590
Utilities
- Heating system
- Electric (Heating), Baseboard
Building Details
- Year built
- 1928
- Floors in Building
- 1
- Building materials
- Wood Siding
- Roof type
- Shingle
Listing Agency:
WEICHERT Realtors Acclaim - Tannersville
(570) 629-6100
Listed By:
Colleen Farnan O'Hara
(570) 629-6100
Added: Jul 10
Changed: Jul 13
Last Checked: Jul 26 at 4:06AM
MLS# PM-143002
Copyright © 2026 Pocono Mountains Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This mixed-use 7-unit multifamily property offers a unit mix of studio, one-bedroom, and two-bedroom configurations. The current condition is split: three units are in great shape but need some repairs, while four units are ready for renovation, providing a clear value-add path for the right buyer. Set on 10.13 acres, the site features a stream flowing through the property, along with mature trees and a quiet, natural setting.
Located at 111 Rippling Brook Road in Canadensis, PA within Barrett Township, the property is described as STR-friendly and does not have an HOA. Prospective buyers should review township regulations and confirm permitted uses as part of their due diligence.
For investors, developers, or entrepreneurs seeking an income-producing residential asset with mixed-use flexibility, this property’s combination of acreage, unit count, and renovation-ready opportunities may fit a range of strategies, subject to buyer verification and local requirements.
Located at 111 Rippling Brook Road in Canadensis, PA within Barrett Township, the property is described as STR-friendly and does not have an HOA. Prospective buyers should review township regulations and confirm permitted uses as part of their due diligence.
For investors, developers, or entrepreneurs seeking an income-producing residential asset with mixed-use flexibility, this property’s combination of acreage, unit count, and renovation-ready opportunities may fit a range of strategies, subject to buyer verification and local requirements.
Key Highlights
- 10.13‑acre property in Barrett Township with Mixed Use Zoning and no HOA
- 7‑unit property: 5 studios, four 1‑bedroom units, and two 2‑bedroom units
- Three units need some repairs; four units are ready for renovation
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $65.5k | $16.92 |
| − Vacancy | −$2.4k | −$0.63 |
| EGI | $63.1k | $16.29 |
| − OpEx | −$28.4k | −$7.33 |
| NOI | $34.7k | $8.96 |
3,874 SF · lease $16.92/SF/yr · vacancy 3.70% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$496.0K
$434.0K – $578.6K
NOI $34,718 @ 7.0% cap · market cap 4.96%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.16M
$1.01M – $1.35M
NOI $81,168 @ 7.0% cap · market cap 11.60%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Short term rental ...
FAQs
What type of property is this?
Apartment building - Seven-unit multifamily on 10.13 acres with mixed-use zoning and no HOA in Barrett Township.
Where is this apartment building located?
The property is located at 111 Rippling Brook Road Canadensis, PA.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: 10.13‑acre property in Barrett Township with Mixed Use Zoning and no HOA; 7‑unit property: 5 studios, four 1‑bedroom units, and two 2‑bedroom units; Three units need some repairs; four units are ready for renovation
