Building Details

Year built 1928

Floors in Building 1

Building materials Wood Siding

Roof type Shingle

Listing Agency: WEICHERT Realtors Acclaim - Tannersville m***@gmail.com Show Phone

Listed By: Colleen Farnan O'Hara Show Phone

Added: Jul 10 Changed: Aug 29 Last Checked: Aug 29 at 10:06AM

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MLS# PM-143002

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 7-unit apartment property at 111 Rippling Brook Road includes 1 studio, 4 one-bedroom units, and 2 two-bedroom units within 3,874 square feet. Three units are in better condition but require repairs, while four are ready for renovation. The building dates to 1928 and features wood siding, shingle roofing, and electric baseboard heat.

The property encompasses 10.13 acres in Canadensis, Monroe County, PA, with mixed-use zoning and no HOA. A stream crosses the grounds, which also include mature trees and a porch. Residential, commercial, and income-producing uses are identified in the property information, subject to township regulations and buyer verification.

Key Highlights

• 7‑unit mix: 1 studio, 4 one‑bedroom, and 2 two‑bedroom units
• 3,874 square feet across the apartment property
• 10.13 acres with a stream, mature trees, and a porch

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

$46,023

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

6.57%

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%

$920,460 $920.5K

Cap Rate 7%

$657,471 $657.5K

Cap Rate 9%

$511,367 $511.4K

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

$83.7K $21.60/SF

− Vacancy

−$10.0K −$2.59/SF

EGI

$73.6K $19.01/SF

− OpEx

−$27.6K −$7.13/SF

NOI

$46.0K $11.88/SF

Area

Monroe County, PA

Vacancy

12.00%

Lease Rate

$21.60 /SF/Yr

Expense Ratio

37.50%

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%

$920,460

Cap Rate 7%

$657,471

Cap Rate 9%

$511,367

Alternative Uses

Best Use

Mixed Use

$657.5K

$575.3K – $767.1K (±1% cap)

NOI $46,023 @ 7.0% cap · market cap 6.57%

Second Best

Apartment 5plus

$496.0K

$434.0K – $578.6K (±1% cap)

NOI $34,718 @ 7.0% cap · market cap 4.96%

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

Apartment buildings

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

Location Intelligence

Trade Area within ½ mile

63

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

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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 - Mixed-use zoning and no HOA allow for residential and commercial use subject to township regulations.

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: 7‑unit mix: 1 studio, 4 one‑bedroom, and 2 two‑bedroom units; 3,874 square feet across the apartment property; 10.13 acres with a stream, mature trees, and a porch