Building Details

Building Size 3,000 SF

Year Built 1970

Listing Agency: TACM Commercial Realty

Listed By: Daniel Lichty · License #RS323839 Show Phone

Source: Thebrokerlist

Added: May 19 Changed: Oct 10 Last Checked: Oct 12 at 4:40PM

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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 / Yr

$26,885

Cap Rate

3.59%

Suggested Prices Based on Cap Rates

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

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 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. How Realmo checks its estimates

Property Analytics

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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.