11-Unit Apartment
For Sale
$1,299,500
116 Kasak, East Stroudsburg, PA
Eleven rental units include well and septic service, a pole barn, and equipment storage.
Property Size4,600 SF
Price / SF$282.50
Days on Market18
Property Features for 116 Kasak
General Information
Standard status
Active
Size
4,600 SF
Property subtype
Residential Income
Additional Details
Multifamily Units
11
Taxes and HOA fees
Annual Taxes
$18,133
Listing Agency:
Better Homes and Gardens Real Estate Wilkins & Associates - Stroudsburg
(570) 856-6482
Listed By:
James J Martin · License #RS298784
(570) 856-6482
Source:
Exprealty
Added: Jul 27
Changed: Aug 12
Last Checked: Aug 12 at 3:50AM
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 Better Homes and Gardens Real Estate Wilkins & Associates - Stroudsburg
Investment Insights
Based on property information with market context.
Located at 116 Kasak in East Stroudsburg, PA, this apartment property contains 11 rental units. Additional improvements include a pole barn, a 1-car garage designated for equipment storage, and 2 well houses. The property is served by a private well and septic system, with a centralized mailbox cluster provided for tenants. These residential and accessory improvements support the property’s rental use.
Key Highlights
- 11 rental units at 116 Kasak, East Stroudsburg, PA
- Pole barn included on the property
- 1‑car garage for equipment storage
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
$41,224
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
3.17%
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%
$824,480
$824.5K
Cap Rate 7%
$588,914
$588.9K
Cap Rate 9%
$458,044
$458.0K
Market Conditions
NOI Build-Up for 4,600 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
$77.8K $16.92/SF
− Vacancy
−$2.9K −$0.63/SF
EGI
$75.0K $16.29/SF
− OpEx
−$33.7K −$7.33/SF
NOI
$41.2K $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%
$824,480
Cap Rate 7%
$588,914
Cap Rate 9%
$458,044
Alternative Uses
Best Use
Apartment 5plus
$588.9K
$515.3K – $687.1K
NOI $41,224 @ 7.0% cap · market cap 3.17%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.38M
$1.20M – $1.61M
NOI $96,379 @ 7.0% cap · market cap 7.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
11
Residential units
Location Intelligence
Trade Area within ½ mile
1,237
Businesses Nearby
Explore this area
Business Placement
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Eleven rental units include well and septic service, a pole barn, and equipment storage.
Where is this apartment building located?
The property is located at 116 Kasak East Stroudsburg, PA.
What is the asking price?
The asking price for this property is $1,299,500.
What are key features of this property?
This property features: 11 rental units at 116 Kasak, East Stroudsburg, PA; Pole barn included on the property; 1‑car garage for equipment storage
