11-Unit Rental Apartment
For Sale
$1,299,500
116 Kasak Road, East Stroudsburg, PA 18302
MULTI_FAMILY - Bungalow, Tudor - East Stroudsburg, PA
Property Size4,600 SF
Lot Size7.13 Acres
Price / SF$282.50
Days on Market11
Property Features for 116 Kasak Road
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
Industrial
Bedrooms
11
Full bathrooms
10
Rooms
Bathroom 10, Bathroom 3, Bedroom 11, Bathroom 4, Bathroom 5, Bathroom 1, Bedroom 5, Bathroom 9, Bathroom 7, Bedroom 2, Bedroom 6, Bedroom 3, Bedroom 10, Bedroom 4, Bedroom 7, Bedroom 1, Bathroom 2, Bedroom 9, Bathroom 8, Bedroom 8, Bathroom 6
Parking
25
Basement
Unfinished
Appliances
Range, Refrigerator
Elementary school district
East Stroudsburg Area
Middle school district
East Stroudsburg Area
High school district
East Stroudsburg Area
Subdivision
Middle Smithfield Township
Standard status
Active
APN
09.4.1.69
Size
4,600 SF
Lot size
7.13 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
18134
Utilities
Sewer type
Mound Septic
Heating system
Baseboard, Electric (Heating)
Water source
Well
Building Details
Year built
1950
Floors in Building
1
Number of units
10
Flooring type
Vinyl
Building materials
T1-11, Vinyl Siding
Roof type
Shingle
Architectural style
Bungalow, Tudor
Additional Structures
Outbuilding
Listing Agency:
Wilkins & Associates Real Estate, Inc. · Better Homes and Gardens Real Estate
(570) 421-8950
Listed By:
James J Martin
(570) 421-8950
Added: Jul 27
Changed: Aug 4
Last Checked: Aug 6 at 7:06PM
MLS# PM-143373
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 11-unit rental apartment building offers a well-kept residential income setup on a 7.13-acre lot. The property is built in a Bungalow and Tudor architectural style and was constructed in 1950. Exterior materials include T1-11 and vinyl siding, with a shingle roof and vinyl flooring. Heating is electric baseboard.
On-site water is provided by a well, and wastewater is handled by a mound septic system. Additional improvements include a pole (poll) barn and a 1-car garage that can be used for equipment storage, along with two well houses. A mailbox cluster is included for tenants.
Inside, units feature combinations of bedrooms and bathrooms, with appliances listed including a range and refrigerator. The property is on well water and septic and includes multiple utility-related structures, which can be a practical fit for tenants seeking a self-contained residential setup.
On-site water is provided by a well, and wastewater is handled by a mound septic system. Additional improvements include a pole (poll) barn and a 1-car garage that can be used for equipment storage, along with two well houses. A mailbox cluster is included for tenants.
Inside, units feature combinations of bedrooms and bathrooms, with appliances listed including a range and refrigerator. The property is on well water and septic and includes multiple utility-related structures, which can be a practical fit for tenants seeking a self-contained residential setup.
Key Highlights
- 11‑unit rental apartment building
- 7.13‑acre lot
- Built in 1950 with Bungalow and Tudor style
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
Current Use
Lease Details
11
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
315
Businesses Nearby
Explore this area
Business Placement
Demographics for 18302, PA
17,685
Population
8,089
Households
2.2
Avg Household Size
43
Median Age
23%
College-Educated
92%
High-School Grad
62.4 sq mi
ZIP Area
283
Density / Sq Mi
$87,044
Median Household Income
$36,807
Median Earnings
$1,238
Median Rent
$219,400
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?
Apartment building - Well and mound septic service this 11-unit rental with electric baseboard heat, plus a poll barn and equipment garage.
Where is this apartment building located?
The property is located at 116 Kasak Road 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‑unit rental apartment building; 7.13‑acre lot; Built in 1950 with Bungalow and Tudor style
