Two-Unit Duplex
For Sale
$425,000
479 Golf Drive, Canadensis, PA 18325
Residential Income, Canadensis, PA
Property Size2,781 SF
Lot Size1.19 Acres
Price / SF$152.82
Days on Market508
Property Features for 479 Golf Drive
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
CRH/ RESORT-COM
Bedrooms
9
Bathrooms
3
Full bathrooms
5
Rooms
Bedroom 5, Bathroom 4, Bathroom 5, Bedroom 3, Bedroom 9, Bedroom 4, Bedroom 1, Bedroom 6, Bedroom 8, Bathroom 2, Bathroom 3, Bathroom 1, Bedroom 7, Bedroom 2
Parking
8
Patio and Porch features
Deck
Interior features
Eat-in Kitchen, Walk-In Closet(s)
Fireplace
1
Basement
Concrete
Appliances
Electric Oven, Range Hood
View
Golf Course
Elementary school district
Pocono Mountain
Middle school district
Pocono Mountain
High school district
Pocono Mountain
Subdivision
Barrett Township
Standard status
Active
APN
01.30.1.5
Size
2,781 SF
Lot size
1.19 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
6188
Utilities
Utilities
Cable Available
Heating system
Hot Water(Heating), Forced Air, Oil
Cooling system
Ceiling Fan(s)
Water source
Well
Building Details
Year built
1949
Floors in Building
3
Number of units
2
Flooring type
Wood, Laminate
Building materials
Block
Roof type
Shingle, Fiberglass, Asphalt
Architectural style
Other
Listing Agency:
Keller Williams Real Estate - Stroudsburg · Keller Williams Realty
(570) 421-2890
Listed By:
Walter J Lewis · License #RS288060
(570) 977-0514
Added: Apr 28, 2025
Changed: Sep 12
Last Checked: Sep 17 at 6:06PM
MLS# PM-131669
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 2,781-square-foot duplex sits on 1.19 acres and includes two residential units, offering the flexibility to occupy one unit while renting the other or lease both units. Interior features include eat-in kitchens, walk-in closets, laminate and wood flooring, decks, and a fireplace. Heating is provided by oil-fired hot water and forced air systems, with ceiling fans for cooling. The property was built in 1949 and has block construction, an asphalt shingle roof, a private well, and cable availability.
The residence is located across from a golf course in Barrett Township, with local dining and equestrian facilities nearby. Promised Land State Park and Lake Wallenpaupack are a short drive away. Zoning is CRH/RESORT-COM, and the property is described as suitable for long- or short-term rental use.
The residence is located across from a golf course in Barrett Township, with local dining and equestrian facilities nearby. Promised Land State Park and Lake Wallenpaupack are a short drive away. Zoning is CRH/RESORT-COM, and the property is described as suitable for long- or short-term rental use.
Key Highlights
- Two‑unit duplex on 1.19 acres
- 2,781 square feet with two residential units
- CRH/RESORT‑COM zoning
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
$27,046
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
6.36%
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%
$540,920
$540.9K
Cap Rate 7%
$386,371
$386.4K
Cap Rate 9%
$300,511
$300.5K
Market Conditions
NOI Build-Up for 2,781 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
$40.0K $14.40/SF
− Vacancy
−$1.4K −$0.51/SF
EGI
$38.6K $13.89/SF
− OpEx
−$11.6K −$4.17/SF
NOI
$27.0K $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%
$540,920
Cap Rate 7%
$386,371
Cap Rate 9%
$300,511
Alternative Uses
Best Use
Multifamily LT 5
$386.4K
$338.1K – $450.8K
NOI $27,046 @ 7.0% cap · market cap 6.36%
Second Best
Apartment 5plus
$356.0K
$311.5K – $415.4K
NOI $24,922 @ 7.0% cap · market cap 5.86%
Theoretical Best
Office A
$832.4K
$728.4K – $971.1K
NOI $58,268 @ 7.0% cap · market cap 13.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
26
Businesses Nearby
Explore this area
Business Placement
Demographics for 18325, PA
2,284
Population
1,415
Households
1.6
Avg Household Size
51
Median Age
49%
College-Educated
96%
High-School Grad
43.0 sq mi
ZIP Area
53
Density / Sq Mi
$114,885
Median Household Income
$59,250
Median Earnings
$241,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-family property with flexible long- or short-term rental possibilities and a golf course view across from the residence.
Where is this duplex located?
The property is located at 479 Golf Drive Canadensis, PA.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Two‑unit duplex on 1.19 acres; 2,781 square feet with two residential units; CRH/RESORT‑COM zoning
