Three-Building Hospitality and Rental
For Sale
$939,000
394 Rt 447, Newfoundland, PA 18445
MULTI_FAMILY - Newfoundland, PA
Property Size6,700 SF
Lot Size5.00 Acres
Price / SF$140.15
Days on Market276
Property Features for 394 Rt 447
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
14
Bathrooms
11
Full bathrooms
11
Rooms
Bedroom 9, Bedroom 12, Bathroom 8, Bathroom 6, Bedroom 2, Bedroom 10, Bathroom 10, Bathroom 7, Bathroom 3, Bedroom 1, Bedroom 3, Bathroom 9, Bedroom 8, Bedroom 5, Bedroom 4, Bedroom 6, Bathroom 2, Bedroom 14, Bedroom 7, Bedroom 11, Bathroom 1, Basement, Bedroom 13, Bathroom 11, Bathroom 4, Bathroom 5
Parking
12
Subdivision
Greene Township
Standard status
Active
APN
111174
Size
6,700 SF
Lot size
5.00 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Lot 1 Hse Gar 3 Ob's Tennis Court
Tax Annual Amount
5998
Legal Description
Lot 1 Hse Gar 3 Ob's Tennis Court
Building Details
Year built
1930
Floors in Building
2
Number of units
2
Listing Agency:
Keller Williams Real Estate - Stroudsburg · Keller Williams Realty
(570) 421-2890
Listed By:
Walter J Lewis · License #RS288060
(570) 421-2890
Added: Oct 30, 2025
Changed: Jul 28
Last Checked: Aug 1 at 1:06AM
MLS# PM-137307
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 multi-building property features three income-producing structures, originally operated as a hospitality facility. One building includes commercial kitchen equipment, a large dining area, a living area, and multiple bedrooms and baths. A second building (“The Lodge”) offers multiple bedrooms and baths and has been rented on a short-term basis. The third building (“The Apartment Building”) is partially occupied and is in need of repairs to return it to full function.
The property is located at 394 Rt 447 in Newfoundland, Pennsylvania, within a township described as having no zoning but having a short-term rental ordinance that permits STRs. The listing notes capacity for larger groups, with space that could allow for owner quarters or on-site staff.
With three separate buildings and multiple sources of rental income, this configuration supports a flexible operating setup while the apartment building is brought back to full use through needed repairs.
The property is located at 394 Rt 447 in Newfoundland, Pennsylvania, within a township described as having no zoning but having a short-term rental ordinance that permits STRs. The listing notes capacity for larger groups, with space that could allow for owner quarters or on-site staff.
With three separate buildings and multiple sources of rental income, this configuration supports a flexible operating setup while the apartment building is brought back to full use through needed repairs.
Key Highlights
- Year built 1930 with 3 substantial income‑producing buildings: originally The White Cloud Inn plus The Lodge and an apartment building
- White Cloud Inn includes a commercial kitchen equipment setup, large dining area, living area, and multiple bedrooms and baths
- The Lodge building offers multiple bedrooms and baths and has been rented on a short‑term basis
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 | $124.6k | $18.60 |
| − Vacancy | −$9.8k | −$1.47 |
| EGI | $114.8k | $17.13 |
| − OpEx | −$51.6k | −$7.71 |
| NOI | $63.1k | $9.42 |
6,700 SF · lease $18.60/SF/yr · vacancy 7.90% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$901.8K
$789.1K – $1.05M
NOI $63,126 @ 7.0% cap · market cap 6.72%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.63M
$1.43M – $1.91M
NOI $114,361 @ 7.0% cap · market cap 12.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Commercial hood
Location Intelligence
Trade Area within ½ mile
11
Businesses Nearby
Explore this area
Business Placement
Demographics for 18445, PA
2,260
Population
1,346
Households
1.7
Avg Household Size
52
Median Age
20%
College-Educated
88%
High-School Grad
32.8 sq mi
ZIP Area
69
Density / Sq Mi
$50,625
Median Household Income
$41,165
Median Earnings
$858
Median Rent
$244,400
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?
Short term rental property - Property includes three income-producing buildings: a former inn with kitchen and dining space, plus a rented lodge and a repair-needed apartment building.
Where is this short term rental property located?
The property is located at 394 Rt 447 Newfoundland, PA.
What is the asking price?
The asking price for this property is $939,000.
What are key features of this property?
This property features: Year built 1930 with 3 substantial income‑producing buildings: originally The White Cloud Inn plus The Lodge and an apartment building; White Cloud Inn includes a commercial kitchen equipment setup, large dining area, living area, and multiple bedrooms and baths; The Lodge building offers multiple bedrooms and baths and has been rented on a short‑term basis
