Multifamily Property with
For Sale
$700,000
111 Rippling Brook Rd, Canadensis, PA 18325
Seven-unit multifamily property on 10.13 acres with no HOA, stream frontage, and mixed-use zoning in Barrett Township.
Property Size3,874 SF
Lot Size10.13 Acres
Price / SF$180.69
Days on Market93
Property Features for 111 Rippling Brook Rd
General Information
Standard status
Active
Size
3,874 SF
Lot size
10.13 Acres
Zoning
Mixed Use
Additional Details
Multifamily Units
7
Building Details
Year Built
1928
Tenancy
Multi
Listing Agency:
Weichert Realtors Acclaim
Listed By:
Michelle Cappabianca · License #RM-421500
(570) 629-6100
Source:
Riverfoxrealty
Added: Jul 21
Changed: Oct 2
Last Checked: Oct 21 at 12:53AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Weichert Realtors Acclaim
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Investment Insights
Based on property information with market context.
This multifamily property includes seven units on 10.13 acres, with a mix of studio and multi-bedroom layouts: five 1-bedroom studios, four 1-bedroom units, and two 2-bedroom units. The existing units are not uniform in condition, with three units reported in great shape but needing repairs and four units ready for renovation.
The property is described as STR-friendly within Barrett Township and is zoned for mixed use. The grounds feature a stream flowing through the property, along with mature trees and a setting intended to provide privacy.
Subject to township regulations and buyer verification, the mixed-use zoning and absence of an HOA are key considerations for parties evaluating residential, commercial, or other income-producing development or repositioning possibilities.
The property is described as STR-friendly within Barrett Township and is zoned for mixed use. The grounds feature a stream flowing through the property, along with mature trees and a setting intended to provide privacy.
Subject to township regulations and buyer verification, the mixed-use zoning and absence of an HOA are key considerations for parties evaluating residential, commercial, or other income-producing development or repositioning possibilities.
Key Highlights
- Seven‑unit multifamily property built in 1928
- 10.13‑acre property with mixed‑use zoning in Barrett Township
- No HOA
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,718
Cap Rate
4.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$694,360
$694.4K
Cap Rate 7%
$495,971
$496.0K
Cap Rate 9%
$385,756
$385.8K
Market Conditions
NOI Build-Up for 3,874 SF
Gross rent
$65.5K $16.92/SF
− Vacancy
−$2.4K −$0.63/SF
EGI
$63.1K $16.29/SF
− OpEx
−$28.4K −$7.33/SF
NOI
$34.7K $8.96/SF
Area
Monroe County, PA
Vacancy
3.70%
Lease Rate
$16.92 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$694,360
Cap Rate 7%
$495,971
Cap Rate 9%
$385,756
Alternative Uses
Best Use
Apartment 5plus
$496.0K
$434.0K – $578.6K
NOI $34,718 @ 7.0% cap · market cap 4.96%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.16M
$1.01M – $1.35M
NOI $81,168 @ 7.0% cap · market cap 11.60%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
7
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
5
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Seven-unit multifamily property on 10.13 acres with no HOA, stream frontage, and mixed-use zoning in Barrett Township.
Where is this apartment building located?
The property is located at 111 Rippling Brook Rd Canadensis, PA.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: Seven‑unit multifamily property built in 1928; 10.13‑acre property with mixed‑use zoning in Barrett Township; No HOA
