Ground-Level Quadplex with
New
For Sale
$625,000
213 Lamplight Drive, Brodheadsville, PA 18322
Residential Income, Brodheadsville, PA
Property Size2,460 SF
Lot Size0.97 Acres
Price / SF$254.07
Days on Market3
Property Features for 213 Lamplight Drive
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning description
Residential
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 2, Bathroom 4, Bathroom 3, Bedroom 1, Bedroom 3, Bathroom 2, Bedroom 4, Bathroom 1
Parking
8
Patio and Porch features
Patio
Lot features
Cul-De-Sac
Elementary school district
Pleasant Valley
Middle school district
Pleasant Valley
High school district
Pleasant Valley
Subdivision
Chestnuthill Township
Standard status
Active
APN
02.112196
Size
2,460 SF
Lot size
0.97 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Lot 2
Tax Annual Amount
7986
Legal Description
Lot 2
Utilities
Cooling system
Varies by Unit
Water source
Well
Building Details
Year built
1975
Floors in Building
1
Number of units
4
Architectural style
Ranch
Listing Agency:
WEICHERT Realtors Acclaim - Tannersville
Listed By:
Patricia Klenke
(570) 629-6100
Added: Sep 9
Changed: Sep 11
Last Checked: Sep 11 at 5:06AM
MLS# PM-144630
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 2,460-square-foot quadplex contains four ground-level units in a ranch-style building constructed in 1975. Each residence includes a private patio with privacy panels and two parking spaces. The property is fully rented, with tenants responsible for their own utilities; ownership covers trash service, snow removal, and lawn maintenance.
Set on 0.97 acres in Brodheadsville, the property is positioned near Route 209, with access to Routes 33 and 80. Local shopping, restaurants, diners, pharmacies, and other everyday services are located nearby. A twin property next door is also available for separate purchase.
Set on 0.97 acres in Brodheadsville, the property is positioned near Route 209, with access to Routes 33 and 80. Local shopping, restaurants, diners, pharmacies, and other everyday services are located nearby. A twin property next door is also available for separate purchase.
Key Highlights
- Four‑unit quadplex with 2,460 square feet
- Fully rented property with tenants paying their own utilities
- All units are ground level and include private patios with privacy panels
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$23,924
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.83%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$478,480
$478.5K
Cap Rate 7%
$341,771
$341.8K
Cap Rate 9%
$265,822
$265.8K
Market Conditions
NOI Build-Up for 2,460 SF
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.
Gross rent
$35.4K $14.40/SF
− Vacancy
−$1.2K −$0.51/SF
EGI
$34.2K $13.89/SF
− OpEx
−$10.3K −$4.17/SF
NOI
$23.9K $9.73/SF
Area
Monroe County, PA
Vacancy
3.52%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$478,480
Cap Rate 7%
$341,771
Cap Rate 9%
$265,822
Alternative Uses
Best Use
Multifamily LT 5
$341.8K
$299.1K – $398.7K
NOI $23,924 @ 7.0% cap · market cap 3.83%
Second Best
Apartment 5plus
$314.9K
$275.6K – $367.4K
NOI $22,046 @ 7.0% cap · market cap 3.53%
Theoretical Best
Office A
$736.3K
$644.3K – $859.0K
NOI $51,542 @ 7.0% cap · market cap 8.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
4
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
160
Businesses Nearby
Explore this area
Business Placement
Demographics for 18322, PA
2,511
Population
969
Households
2.6
Avg Household Size
48
Median Age
26%
College-Educated
86%
High-School Grad
6.9 sq mi
ZIP Area
364
Density / Sq Mi
$108,642
Median Household Income
$38,606
Median Earnings
$992
Median Rent
$274,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Fully occupied ranch-style property with private patios, dedicated parking, and separately metered tenant utilities.
Where is this quadplex located?
The property is located at 213 Lamplight Drive Brodheadsville, PA.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Four‑unit quadplex with 2,460 square feet; Fully rented property with tenants paying their own utilities; All units are ground level and include private patios with privacy panels
