Four-Plex Residential Income
For Sale
$670,000
915 Pennsylvania Route 940, Pocono Lake, PA 18347
COMMERCIAL - Pocono Lake, PA
Property Size3,294 SF
Lot Size1.53 Acres
Price / SF$203.40
Days on Market102
Property Features for 915 Pennsylvania Route 940
General Information
Property type
Commercial Sale
Property subtype
Apartment
Zoning description
Multi-Family
Rooms
Basement
Basement
Partial, Full, Concrete
Elementary school district
Pocono Mountain
Middle school district
Pocono Mountain
High school district
Pocono Mountain
Subdivision
Tobyhanna Township
Standard status
Active
APN
19.16.1.38-6
Size
3,294 SF
Lot size
1.53 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Lot 2
Tax Annual Amount
9888
Legal Description
Lot 2
Utilities
Sewer type
Septic Tank
Heating system
Electric (Heating)
Cooling system
Window Unit(s), Wall/Window Unit(s)
Water source
Well
Building Details
Year built
1966
Floors in Building
2
Flooring type
Engineered, Carpet, Vinyl
Building materials
Vinyl Siding
Roof type
Asphalt
Listing Agency:
Wilkins & Associates Real Estate Inc. - Stroudsburg · Better Homes and Gardens Real Estate
(570) 421-8950
Listed By:
David Wells
(570) 421-8950
Added: Apr 21
Changed: Jul 30
Last Checked: Jul 31 at 4:06AM
MLS# PM-140596
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.
Offered for sale is a four-plex residential income property featuring independently metered units, supporting separate utility accountability by unit. The property contains 3,294 square feet of building area on 1.53 acres.
The asset is located at 915 Pennsylvania Route 940 in Pocono Lake, Pennsylvania. Per the listing remarks, the property has steady tenants in place.
This configuration is suited to buyers seeking a multi-unit ownership structure within a single building, with individually metered units already incorporated into the property layout.
The asset is located at 915 Pennsylvania Route 940 in Pocono Lake, Pennsylvania. Per the listing remarks, the property has steady tenants in place.
This configuration is suited to buyers seeking a multi-unit ownership structure within a single building, with individually metered units already incorporated into the property layout.
Key Highlights
- Four‑plex with each unit individually metered
- Year built 1966
- Heating is electric; cooling includes window and wall/window units
Financial Insights For Multifamily LT 5
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 | $47.4k | $14.40 |
| − Vacancy | −$1.7k | −$0.51 |
| EGI | $45.8k | $13.89 |
| − OpEx | −$13.7k | −$4.17 |
| NOI | $32.0k | $9.73 |
3,294 SF · lease $14.40/SF/yr · vacancy 3.52% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$457.6K
$400.4K – $533.9K
NOI $32,035 @ 7.0% cap · market cap 4.78%
Second Best
Apartment 5plus
$421.7K
$369.0K – $492.0K
NOI $29,520 @ 7.0% cap · market cap 4.41%
Theoretical Best
Office A
$985.9K
$862.7K – $1.15M
NOI $69,016 @ 7.0% cap · market cap 10.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
18
Businesses Nearby
Explore this area
Business Placement
Demographics for 18347, PA
3,283
Population
4,370
Households
0.8
Avg Household Size
54
Median Age
35%
College-Educated
93%
High-School Grad
50.0 sq mi
ZIP Area
66
Density / Sq Mi
$81,275
Median Household Income
$40,425
Median Earnings
$1,176
Median Rent
$168,900
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?
Quadplex - Four-plex for sale with individually metered units in Pocono Lake.
Where is this quadplex located?
The property is located at 915 Pennsylvania Route 940 Pocono Lake, PA.
What is the asking price?
The asking price for this property is $670,000.
What are key features of this property?
This property features: Four‑plex with each unit individually metered; Year built 1966; Heating is electric; cooling includes window and wall/window units
