Four-Unit Ground-Level
New
For Sale
$550,000
219 Lamplight Drive, Brodheadsville, PA 18322
Ground-level units feature private patios, privacy panels, and dedicated parking.
Property Size2,460 SF
Days on Market5
Property Features for 219 Lamplight Drive
General Information
Standard status
Active
Size
2,460 SF
Property subtype
Quadruplex
Occupancy
100%
Site & Location
Highway Access
Yes
Road Access
Yes
Units
Multifamily Units
4
Parking per Unit
2
Taxes and HOA fees
Annual Taxes
$8,001
Amenities
patio
Building Details
Building Size
2,460 SF
Year Built
1975
Buildings
1
Tenancy
Multi
Listing Agency:
WEICHERT Realtors Acclaim - Tannersville
Listed By:
Patricia Klenke
(570) 269-9962
Source:
Dpcomgroup
Added: Sep 10
Changed: Sep 12
Last Checked: Sep 13 at 4:01AM
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.
Built in 1975, this four-unit quadplex offers ground-level residences with individual patios enclosed by privacy panels. Each unit includes two parking spaces, while residents pay their own utilities. The property is fully rented, with the landlord responsible for trash service, snow removal, and lawn maintenance.
The property is situated near Routes 209, 33, and 80 in Brodheadsville, with local shopping, restaurants, diners, and pharmacies nearby. A twin property next door is also available for separate purchase, providing an additional option for buyers evaluating the two properties together.
The property is situated near Routes 209, 33, and 80 in Brodheadsville, with local shopping, restaurants, diners, and pharmacies nearby. A twin property next door is also available for separate purchase, providing an additional option for buyers evaluating the two properties together.
Key Highlights
- Four‑unit quadplex built in 1975
- All units are ground level and fully rented
- Each unit has its own patio with privacy panels
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
4.35%
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 4.35%
Second Best
Apartment 5plus
$314.9K
$275.6K – $367.4K
NOI $22,046 @ 7.0% cap · market cap 4.01%
Theoretical Best
Office A
$736.3K
$644.3K – $859.0K
NOI $51,542 @ 7.0% cap · market cap 9.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
4
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
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
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Quadplex - Ground-level units feature private patios, privacy panels, and dedicated parking.
Where is this quadplex located?
The property is located at 219 Lamplight Drive Brodheadsville, PA.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Four‑unit quadplex built in 1975; All units are ground level and fully rented; Each unit has its own patio with privacy panels
