Two-Unit Residential Income
For Sale
$299,000
2224 Kunkletown Rd, Saylorsburg, PA 18353
Two residential units with added income from a billboard and a garage rental.
Property Size1,416 SF
Price / SF$211.16
Days on Market3177
Property Features for 2224 Kunkletown Rd
General Information
Standard status
Active
Size
1,416 SF
Property subtype
General Commercial
Additional Details
Multifamily Units
2
Amenities
3
Paved Road, City Road.
Building Details
Year Built
1902
Stories
2
Listing Agency:
TACM Commerical Realty Inc.
(570) 801-6170
Listed By:
Daniel Lichty · License #RS323839
(570) 460-2335
Source:
Xome
Added: Dec 23, 2017
Changed: Sep 2
Last Checked: Sep 4 at 3:37AM
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 TACM Commerical Realty Inc.
Investment Insights
Based on property information with market context.
This is a two-unit residential income property with additional income streams including a billboard on Route 115 and a garage rental. The property includes recent improvements such as a new roof, new paint, and updated propane heating/hot water.
Tenants are responsible for utilities and lawn care/snow removal, supporting a more hands-on operating structure.
The property offers a residential layout supported by these on-site revenue components, with the unit interiors described as having upside through apartment updates and improvements.
Tenants are responsible for utilities and lawn care/snow removal, supporting a more hands-on operating structure.
The property offers a residential layout supported by these on-site revenue components, with the unit interiors described as having upside through apartment updates and improvements.
Key Highlights
- 2‑unit residential property with additional income from a billboard on Route 115 and a garage rental
- New roof and new paint
- Updated propane heating and hot water
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
$13,771
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
4.61%
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%
$275,420
$275.4K
Cap Rate 7%
$196,729
$196.7K
Cap Rate 9%
$153,011
$153.0K
Market Conditions
NOI Build-Up for 1,416 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
$20.4K $14.40/SF
− Vacancy
−$718 −$0.51/SF
EGI
$19.7K $13.89/SF
− OpEx
−$5.9K −$4.17/SF
NOI
$13.8K $9.73/SF
Area
Monroe County, PA
Vacancy
3.52%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
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%
$275,420
Cap Rate 7%
$196,729
Cap Rate 9%
$153,011
Alternative Uses
Best Use
Multifamily LT 5
$196.7K
$172.1K – $229.5K
NOI $13,771 @ 7.0% cap · market cap 4.61%
Second Best
Apartment 5plus
$181.3K
$158.6K – $211.5K
NOI $12,690 @ 7.0% cap · market cap 4.24%
Theoretical Best
Office A
$423.8K
$370.9K – $494.5K
NOI $29,668 @ 7.0% cap · market cap 9.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
90
Businesses Nearby
Explore this area
Business Placement
Demographics for 18353, PA
11,992
Population
5,376
Households
2.2
Avg Household Size
47
Median Age
32%
College-Educated
92%
High-School Grad
44.4 sq mi
ZIP Area
270
Density / Sq Mi
$88,311
Median Household Income
$52,873
Median Earnings
$1,344
Median Rent
$262,300
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two residential units with added income from a billboard and a garage rental.
Where is this duplex located?
The property is located at 2224 Kunkletown Rd Saylorsburg, PA.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: 2‑unit residential property with additional income from a billboard on Route 115 and a garage rental; New roof and new paint; Updated propane heating and hot water
