15-Unit Apartment Building with
For Sale
$1,999,999
306 Merwinsburg Road, Effort, PA 18330
MULTI_FAMILY - Effort, PA
Property Size14,672 SF
Lot Size21.16 Acres
Price / SF$136.31
Days on Market186
Property Features for 306 Merwinsburg Road
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
Agricultural
Bedrooms
16
Full bathrooms
12
Rooms
Bedroom 11, Bathroom 10, Bathroom 7, Bathroom 5, Bathroom 8, Bedroom 2, Bathroom 9, Bedroom 14, Bedroom 16, Bedroom 13, Bedroom 6, Bedroom 4, Bathroom 4, Bathroom 1, Bedroom 15, Bedroom 10, Bedroom 7, Bathroom 6, Bathroom 2, Bedroom 12, Basement, Bedroom 5, Bedroom 1, Bedroom 3, Bathroom 3, Bathroom 12, Bathroom 11, Bedroom 8, Bedroom 9
Patio and Porch features
Patio, Deck, Porch
Basement
Unfinished, Exterior Entry, Walk-Out Access
Lot features
Level, Sloped, Agricultural, Cleared, Wooded, Paved
Elementary school district
Pleasant Valley
Middle school district
Pleasant Valley
High school district
Pleasant Valley
Subdivision
Chestnuthill Township
Standard status
Active
APN
02.13.1.31
Size
14,672 SF
Lot size
21.16 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Lot 1
Tax Annual Amount
18363
Legal Description
Lot 1
Utilities
Sewer type
Perc Test On File, Septic Tank
Heating system
Baseboard, Electric (Heating)
Water source
Well
Water front
1
Amenities
manicured grounds
pond
Building Details
Year built
1902
Floors in Building
2
Number of units
10
Flooring type
Laminate, Carpet, Tile, Vinyl
Building materials
Aluminum Siding, Vinyl Siding
Roof type
Fiberglass, Asphalt, Shingle
Listing Agency:
Keller Williams Real Estate - Stroudsburg 637 Main · Keller Williams Realty
(570) 213-4884
Listed By:
Bob Kelly
(570) 213-4884
Added: Jan 31
Changed: Aug 3
Last Checked: Aug 5 at 1:06PM
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.
Investment Insights
Based on property information with market context.
This 15-unit income property in Effort is an apartment buildings-style multifamily asset with an operating configuration that traces back to a former motel. The property is set up with a mix of unit layouts, and it is currently operating with long-term tenants in place. Approximately 75% of the units have been recently remodeled, while the largest building is described as ready for renovation.
The grounds are maintained with landscaped outdoor space surrounding a pond. The property includes plenty of parking for all units and multiple outdoor living features such as patio, deck, and porch areas. It also has practical utilities and building systems already in place, including a well water source and septic service (perc test on file and septic tank), with electric baseboard heating. Construction materials include aluminum siding and vinyl siding, with shingle, fiberglass, and asphalt roofing.
Built in 1902, the property is presented with flexible future-use considerations consistent with General Commercial (GC) zoning, subject to zoning and approvals. Potential paths referenced include continuing long-term rentals, converting to short-term rentals, or repositioning as a boutique motel or mixed-use hospitality asset.
The grounds are maintained with landscaped outdoor space surrounding a pond. The property includes plenty of parking for all units and multiple outdoor living features such as patio, deck, and porch areas. It also has practical utilities and building systems already in place, including a well water source and septic service (perc test on file and septic tank), with electric baseboard heating. Construction materials include aluminum siding and vinyl siding, with shingle, fiberglass, and asphalt roofing.
Built in 1902, the property is presented with flexible future-use considerations consistent with General Commercial (GC) zoning, subject to zoning and approvals. Potential paths referenced include continuing long-term rentals, converting to short-term rentals, or repositioning as a boutique motel or mixed-use hospitality asset.
Key Highlights
- 15‑unit income‑producing property with long‑term tenants in place
- Approximately 75% of units have been recently remodeled; largest building ready for renovation
- 21.16‑acre site with landscaped grounds and a pond setting
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 | $248.3k | $16.92 |
| − Vacancy | −$9.2k | −$0.63 |
| EGI | $239.1k | $16.29 |
| − OpEx | −$107.6k | −$7.33 |
| NOI | $131.5k | $8.96 |
14,672 SF · lease $16.92/SF/yr · vacancy 3.70% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.88M
$1.64M – $2.19M
NOI $131,486 @ 7.0% cap · market cap 6.57%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.39M
$3.84M – $5.12M
NOI $307,408 @ 7.0% cap · market cap 15.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
15
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
55
Businesses Nearby
Explore this area
Business Placement
Demographics for 18330, PA
8,351
Population
3,196
Households
2.6
Avg Household Size
42
Median Age
23%
College-Educated
94%
High-School Grad
14.5 sq mi
ZIP Area
576
Density / Sq Mi
$92,907
Median Household Income
$41,313
Median Earnings
$1,809
Median Rent
$251,300
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - General Commercial (GC) zoning; about 75% of units remodeled and long-term tenants in place.
Where is this apartment building located?
The property is located at 306 Merwinsburg Road Effort, PA.
What is the asking price?
The asking price for this property is $1,999,999.
What are key features of this property?
This property features: 15‑unit income‑producing property with long‑term tenants in place; Approximately 75% of units have been recently remodeled; largest building ready for renovation; 21.16‑acre site with landscaped grounds and a pond setting
