Building Details

Building Size 3,874 SF

Year Built 1928

Tenancy Multi

Listing Agency: WEICHERT Realtors Acclaim - Tannersville

Listed By: Colleen Farnan O'Hara · License #RS371867 Show Phone

Source: Dpcomgroup

Added: Jul 14 Changed: Aug 25 Last Checked: Sep 5 at 3:38AM

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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 - Tannersville

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.

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 = 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

$34,718

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

4.96%

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%

$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 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

$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 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%

$694,360

Cap Rate 7%

$495,971

Cap Rate 9%

$385,756

Alternative Uses

Best Use

Apartment 5plus

$496.0K

$434.0K – $578.6K (±1% cap)

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 (±1% cap)

NOI $81,168 @ 7.0% cap · market cap 11.60%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Property Profile

Current Use

Short term rental ...

Suggested Use

Top Pick Auto Repair Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this apartment buildings located? What is the asking price? Find similar properties What are key features of this property?

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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 Road 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