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    306 Merwinsburg Rd Effort, PA 18330

    View on Map
    Sponsored
    For Sale
    $2,200,000

    MULTI_FAMILY - Effort, PA

    Property size:
    14,672 SF
    Lot size:
    21.16 Acres
    Days on Market:
    45
    Last Refresh:
    Mar 19 at 4:06 pm

    Property Features for 306 Merwinsburg Rd

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bathroom 7, Bathroom 4, Bathroom 5, Bathroom 1, Bathroom 10, Bedroom 9, Bedroom 3, Bedroom 5, Bedroom 16, Bathroom 2, Bathroom 12, Basement, Bedroom 11, Bedroom 1, Bedroom 7, Bedroom 14, Bathroom 3, Bathroom 9, Bathroom 11, Bedroom 2, Bedroom 4, Bathroom 8, Bedroom 8, Bedroom 12, Bedroom 15, Bedroom 13, Bedroom 6, Bathroom 6, Bedroom 10
    Bedrooms
    16
    APN
    02.13.1.31
    Patio and Porch features
    Patio, Porch, Deck
    Basement
    Walk-Out Access, Unfinished, Exterior Entry
    Size
    14,672 SF
    Lot size
    21.16 Acres

    Utilities

    Sewer type
    Septic Tank, Perc Test On File
    Heating system
    Baseboard, Electric (Heating)
    Water source
    Well
    Water front
    1

    Building Details

    Year built
    1902
    Floors in Building
    2
    Number of units
    10
    Flooring type
    Vinyl, Tile, Carpet, Laminate
    Building materials
    Aluminum Siding, Vinyl Siding
    Roof type
    Shingle, Asphalt, Fiberglass

    We can help!

    Listing Contact
    Bob Kelly

    Keller Williams Real Estate - Stroudsburg (570) 213-4884

    Listing agent Bob Kelly

    Listing date Feb 2, 2026

    MLS# PM-138595

    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.

    Learn more

    Property Insight Report

    Overview

    Poconos Income Property with Expansion

    This 15-unit income property, formerly known as Harvest Moon, offers upside and flexible future use. Originally a motel, the property can continue as long-term rentals, convert to short-term rentals, or reposition as a boutique motel or mixed-use hospitality asset, subject to zoning and approvals. Currently operating with long-term tenants, it provides immediate income with room for rent growth. Approximately 75% of the units have been recently remodeled, while the largest building is ready for renovation, offering potential to increase unit count and overall cash flow. The property is set on 21.16 acres with manicured grounds surrounding a pond. There is plenty of parking for all units. Located in the heart of the Poconos, it has convenient access to Lake Harmony, Big Boulder, Jack Frost, Camelback, Kalahari, Great Wolf Lodge, Aquatopia, Pocono Raceway, Pocono Premium Outlets, Mount Airy Casino, and Beltzville Lake. The property is zoned General Commercial (GC). It is suited for investors, developers, or hospitality operators seeking a flexible, scalable opportunity in a high-demand Poconos location. The property size is 14,672 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Motels

    Suggested Use

    Hotel & Motel Furniture & Home Goods Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Effort
    County
    Monroe
    State
    Pennsylvania
    Longitude
    -75.454958
    Latitude
    40.955463

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    FAQs

    What type of property is this?
    Apartment building - 15-unit property with expansion potential in the Poconos.
    Where is this apartment building located?
    The property is located at 306 Merwinsburg Rd Effort, PA.
    What is the asking price?
    The asking price for this property is $2,200,000.
    What are key features of this property?
    This property features: - 15-unit income-producing property with expansion potential and flexible future use.; - Prime Poconos location with convenient access to major attractions driving demand.; - Immediate income from existing long-term tenants with room for rent growth.
    (570) 213-4884
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    306 Merwinsburg Rd Effort, PA 18330
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    Effort, PA 18330
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    306 Merwinsburg Rd Effort, PA 18330
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    Listing Contact
    Bob Kelly
    (570) 213-4884
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