23-Unit Mixed-Use
For Sale
$1,950,000
2413 Route 390, Canadensis, PA 18325
Multiple buildings combine commercial space with a largely occupied 23-unit property.
Property Size7,000 SF
Price / SF$278.57
Days on Market18
Property Features for 2413 Route 390
General Information
Standard status
Active
Size
7,000 SF
Property subtype
Residential Income
Zoning
Other
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$23,138
Amenities
true
false
7000
Well
1.6
Building Details
Building Size
7,000 SF
Year Built
1971
Stories
2
Listing Agency:
(570) 600-6561
Listed By:
Jaemi Ferrante
Source:
Smartwayamerica
Added: Oct 16
Changed: Oct 29
Last Checked: Oct 29 at 2:40PM
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 Jaemi Ferrante
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Investment Insights
Based on property information with market context.
This mixed-use property comprises 23 units across multiple buildings, with approximately 7,000 square feet reported. Recent capital work includes new roofs and siding. Occupancy is reported at nearly 100%, and the property was built in 1971.
Key Highlights
- 23 units across multiple buildings
- Approximately 7,000 square feet
- Nearly 100% occupancy
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$83,160
Cap Rate
4.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,663,200
$1.7M
Cap Rate 7%
$1,188,000
$1.2M
Cap Rate 9%
$924,000
$924.0K
Market Conditions
NOI Build-Up for 7,000 SF
Gross rent
$151.2K $21.60/SF
− Vacancy
−$18.1K −$2.59/SF
EGI
$133.1K $19.01/SF
− OpEx
−$49.9K −$7.13/SF
NOI
$83.2K $11.88/SF
Area
Monroe County, PA
Vacancy
12.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,663,200
Cap Rate 7%
$1,188,000
Cap Rate 9%
$924,000
Alternative Uses
Best Use
Mixed Use
$1.19M
$1.04M – $1.39M
NOI $83,160 @ 7.0% cap · market cap 4.26%
Second Best
Apartment 5plus
$896.2K
$784.2K – $1.05M
NOI $62,732 @ 7.0% cap · market cap 3.22%
Theoretical Best
Office A
$2.10M
$1.83M – $2.44M
NOI $146,664 @ 7.0% cap · market cap 7.52%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
73
Businesses Nearby
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Business Placement
Demographics for 18325, PA
2,284
Population
1,415
Households
1.6
Avg Household Size
51
Median Age
49%
College-Educated
96%
High-School Grad
43.0 sq mi
ZIP Area
53
Density / Sq Mi
$114,885
Median Household Income
$59,250
Median Earnings
$241,800
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Multiple buildings combine commercial space with a largely occupied 23-unit property.
Where is this mixed-use property located?
The property is located at 2413 Route 390 Canadensis, PA.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: 23 units across multiple buildings; Approximately 7,000 square feet; Nearly 100% occupancy
