Ground-Level 4-Unit
New
For Sale
$625,000
213 Lamplight Drive, Brodheadsville, PA 18322
Fully rented property with private patios, dedicated parking, and tenant-paid utilities.
Property Size2,460 SF
Days on Market5
Property Features for 213 Lamplight Drive
General Information
Standard status
Active
Size
2,460 SF
Property subtype
Quadruplex
Taxes and HOA fees
Annual Taxes
$7,986
Building Details
Building Size
2,460 SF
Year Built
1975
Listing Agency:
WEICHERT Realtors Acclaim - Tannersville
Listed By:
Patricia Klenke
(570) 269-9962
Source:
Dpcomgroup
Added: Sep 10
Changed: Sep 12
Last Checked: Sep 14 at 5:10AM
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 WEICHERT Realtors Acclaim - Tannersville
Investment Insights
Based on property information with market context.
This 4-unit quadplex, built in 1975, offers a ground-level layout with separate patios featuring privacy panels. Each unit includes two parking spaces, while tenants pay their own utilities. The landlord is responsible for trash service, snow removal, and lawn maintenance. The property is fully rented.
Located in Brodheadsville near Routes 209, 33, and 80, the property is close to local shopping, eateries, diners, and pharmacies. A twin property next door is also available for separate purchase, providing an additional nearby property option without combining the offerings.
Located in Brodheadsville near Routes 209, 33, and 80, the property is close to local shopping, eateries, diners, and pharmacies. A twin property next door is also available for separate purchase, providing an additional nearby property option without combining the offerings.
Key Highlights
- 4‑unit quadplex built in 1975
- All units are ground level with private patios and privacy panels
- Each unit includes two parking spaces
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
$23,924
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
3.83%
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%
$478,480
$478.5K
Cap Rate 7%
$341,771
$341.8K
Cap Rate 9%
$265,822
$265.8K
Market Conditions
NOI Build-Up for 2,460 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
$35.4K $14.40/SF
− Vacancy
−$1.2K −$0.51/SF
EGI
$34.2K $13.89/SF
− OpEx
−$10.3K −$4.17/SF
NOI
$23.9K $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%
$478,480
Cap Rate 7%
$341,771
Cap Rate 9%
$265,822
Alternative Uses
Best Use
Multifamily LT 5
$341.8K
$299.1K – $398.7K
NOI $23,924 @ 7.0% cap · market cap 3.83%
Second Best
Apartment 5plus
$314.9K
$275.6K – $367.4K
NOI $22,046 @ 7.0% cap · market cap 3.53%
Theoretical Best
Office A
$736.3K
$644.3K – $859.0K
NOI $51,542 @ 7.0% cap · market cap 8.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
138
Businesses Nearby
Explore this area
Business Placement
Demographics for 18322, PA
2,511
Population
969
Households
2.6
Avg Household Size
48
Median Age
26%
College-Educated
86%
High-School Grad
6.9 sq mi
ZIP Area
364
Density / Sq Mi
$108,642
Median Household Income
$38,606
Median Earnings
$992
Median Rent
$274,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Quadplex - Fully rented property with private patios, dedicated parking, and tenant-paid utilities.
Where is this quadplex located?
The property is located at 213 Lamplight Drive Brodheadsville, PA.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: 4‑unit quadplex built in 1975; All units are ground level with private patios and privacy panels; Each unit includes two parking spaces
