Building Details

Building Size 3,000 SF

Year Built 1970

Listing Agency: TACM Commercial Realty d***@gmail.com Show Phone

Listed By: Daniel Lichty · License #RS323839 Show Phone

Source: Thebrokerlist

Added: May 19 Changed: Aug 23 Last Checked: Aug 28 at 6:48AM

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Investment Insights

Based on property information with market context.

This property features five units, consisting of a mix of one and two-bedroom layouts, distributed across three buildings. Situated on the banks of the Pocono Creek, the cottages offer a location described as picturesque. The property benefits from commercial zoning in Pocono Township, presenting the possibility for both traditional multi-family rentals and short-term rentals such as Airbnb. With over 300 feet of frontage on the Pocono Creek and access to central sewer, the property is positioned as a rental opportunity. The property is currently leased as traditional rentals, generating a gross annual income of $84,600 and a net operating income of $59,000 per year. Located just off Route 611, the property is near commercial and resort development, multiple major retail locations, resorts, and the Route 33/Route 80 Interchange. The property is commercially zoned.

Key Highlights

• Commercial Zoning allows for both traditional multi‑family rental AND Short Term Rentals / Airbnb.
• Boasts 300+ feet of frontage on the Pocono Creek.
• Gross income of $84,600/yr and NOI of $59,000/yr from 5 occupied units.

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

$26,885

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

3.59%

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%

$537,700 $537.7K

Cap Rate 7%

$384,071 $384.1K

Cap Rate 9%

$298,722 $298.7K

Market Conditions

NOI Build-Up for 3,000 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

$50.8K $16.92/SF

− Vacancy

−$1.9K −$0.63/SF

EGI

$48.9K $16.29/SF

− OpEx

−$22.0K −$7.33/SF

NOI

$26.9K $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%

$537,700

Cap Rate 7%

$384,071

Cap Rate 9%

$298,722

Alternative Uses

Best Use

Apartment 5plus

$384.1K

$336.1K – $448.1K (±1% cap)

NOI $26,885 @ 7.0% cap · market cap 3.59%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$897.9K

$785.7K – $1.05M (±1% cap)

NOI $62,856 @ 7.0% cap · market cap 8.39%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Property Profile

Current Use

Short term rental ...

Suggested Use

Top Pick Parking Lot & Garage Plumbing Service (Bike/Boat/Book/etc) Store Auto Parts Store Carpet & Flooring Store Big Box & Wholesale Store

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

Location Intelligence

Trade Area within ½ mile

174

Businesses Nearby

Explore this area Business Placement

Demographics for 18321, PA

1,866

Population

672

Households

2.8

Avg Household Size

43

Median Age

21%

College-Educated

87%

High-School Grad

3.0 sq mi

ZIP Area

622

Density / Sq Mi

$98,594

Median Household Income

$30,625

Median Earnings

$1,268

Median Rent

$193,200

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 - Five-unit property with commercial zoning, suitable for short-term rentals.

Where is this apartment building located?

The property is located at 1460 - 1466 Pocono Lane Bartonsville, PA.

What is the asking price?

The asking price for this property is $749,000.

What are key features of this property?

This property features: Commercial Zoning allows for both traditional multi‑family rental AND Short Term Rentals / Airbnb.; Boasts **300+ feet of frontage on the Pocono Creek.**; Gross income of $84,600/yr and NOI of $59,000/yr from 5 occupied units.