Four-Unit Apartment Building with
For Sale
$350,000
1725 Cochecton Turnpike, Damascus, PA 18415
MULTI_FAMILY - Other - Damascus, PA
Property Size2,170 SF
Lot Size0.91 Acres
Price / SF$161.29
Days on Market101
Property Features for 1725 Cochecton Turnpike
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
ND
Bedrooms
6
Bathrooms
5
Full bathrooms
4
Half bathrooms
1
Rooms
Bedroom 6, Bedroom 5, Bedroom 1, Bedroom 3, Bedroom 4, Bathroom 1, Basement, Bathroom 4, Bathroom 3, Bathroom 2, Bedroom 2, Bathroom 5
Parking features
Driveway, Garage, Off Street
Patio and Porch features
Porch
Exterior features
Private Entrance, Private Yard
Basement
Storage Space, Unfinished, Concrete
Lot features
Level, Private
Elementary school district
Wayne Highlands
Middle school district
Wayne Highlands
High school district
Wayne Highlands
Directions
From Honesdale take North Main Street to 191 North. Travel 4.5 miles and turn right onto Oregon Turnpike. 6.6 miles at stop sign turn right. In about 5.4 miles building will be on your left
Standard status
Active
APN
07-0-0004-0001
Size
2,170 SF
Lot size
0.91 Acres
Taxes and HOA fees
Tax Annual Amount
4912
Utilities
Sewer type
Private Sewer
Heating system
Varies by Unit (Heating), Electric (Heating)
Water source
Well
Amenities
heated garage
Building Details
Year built
1900
Floors in Building
2
Number of units
5
Flooring type
Carpet, Linoleum
Building materials
Board & Batten Siding, Concrete
Roof type
Metal
Architectural style
Other
Listing Agency:
RE/MAX WAYNE · RE/MAX International
(570) 253-9566
Listed By:
Jessica J. Barnes · License #RS320208
(570) 352-2932
Added: May 5
Changed: Aug 1
Last Checked: Aug 13 at 9:06AM
MLS# PW-261357
Copyright © 2026 Pike/Wayne Association of Realtors MLS. 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 four-unit apartment building is fully rented and set on a 0.91-acre level lot. The property includes a large heated garage, which can support storage or workshop use and may provide additional flexibility. Exterior features include a private entrance and private yard, along with a porch.
The building totals 2,170 square feet and was constructed in 1900. Interior finishes include linoleum and carpet, and heating is provided via electric heat and systems that vary by unit. The home has a metal roof and is served by a well for water and a private sewer.
Off-street parking and driveway access are available on the premises, supporting day-to-day tenant and guest needs.
The building totals 2,170 square feet and was constructed in 1900. Interior finishes include linoleum and carpet, and heating is provided via electric heat and systems that vary by unit. The home has a metal roof and is served by a well for water and a private sewer.
Off-street parking and driveway access are available on the premises, supporting day-to-day tenant and guest needs.
Key Highlights
- Fully rented four‑unit apartment building
- Large heated garage plus off‑street parking and driveway access
- 0.91‑acre level lot with private yard and private entrance
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
$20,445
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
5.84%
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%
$408,900
$408.9K
Cap Rate 7%
$292,071
$292.1K
Cap Rate 9%
$227,167
$227.2K
Market Conditions
NOI Build-Up for 2,170 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
$40.4K $18.60/SF
− Vacancy
−$3.2K −$1.47/SF
EGI
$37.2K $17.13/SF
− OpEx
−$16.7K −$7.71/SF
NOI
$20.4K $9.42/SF
Area
Wayne County, PA
Vacancy
7.90%
Lease Rate
$18.60 /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%
$408,900
Cap Rate 7%
$292,071
Cap Rate 9%
$227,167
Alternative Uses
Best Use
Apartment 5plus
$292.1K
$255.6K – $340.8K
NOI $20,445 @ 7.0% cap · market cap 5.84%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$529.1K
$463.0K – $617.3K
NOI $37,039 @ 7.0% cap · market cap 10.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
11
Businesses Nearby
Explore this area
Business Placement
Demographics for 18415, PA
1,247
Population
1,087
Households
1.1
Avg Household Size
52
Median Age
32%
College-Educated
95%
High-School Grad
34.3 sq mi
ZIP Area
36
Density / Sq Mi
$87,985
Median Household Income
$47,188
Median Earnings
$327,600
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 - Four fully rented units on a level lot, zoned ND, with a large heated garage and off-street parking.
Where is this apartment building located?
The property is located at 1725 Cochecton Turnpike Damascus, PA.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Fully rented four‑unit apartment building; Large heated garage plus off‑street parking and driveway access; 0.91‑acre level lot with private yard and private entrance
