23-Unit Apartment
For Sale
$1,950,000
2413 Route 390, Canadensis, PA 18325
MULTI_FAMILY - Other - Canadensis, PA
Property Size7,000 SF
Lot Size1.60 Acres
Price / SF$278.57
Days on Market322
Property Features for 2413 Route 390
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
7
Full bathrooms
10
Rooms
Bathroom 5, Bathroom 8, Bedroom 6, Bathroom 7, Bedroom 5, Bathroom 2, Bathroom 4, Bedroom 1, Bathroom 1, Bedroom 4, Bathroom 6, Bedroom 7, Bathroom 3, Bedroom 2, Bathroom 9, Bathroom 10, Bedroom 3
Elementary school district
Pocono Mountain
Middle school district
Pocono Mountain
High school district
Pocono Mountain
Subdivision
Barrett Township
Standard status
Active
APN
01.24.1.36
Size
7,000 SF
Lot size
1.60 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
23139
Utilities
Sewer type
Private Sewer
Heating system
Electric (Heating)
Water source
Well
Building Details
Year built
1971
Floors in Building
2
Number of units
10
Building materials
Wood Siding
Roof type
Asbestos Shingle
Architectural style
Other
Listing Agency:
RE/MAX of the Poconos · RE/MAX International
(570) 421-2345
Listed By:
Keith S. Torregrossa · License #RM421450
(570) 421-2345
Added: Sep 18, 2025
Changed: Aug 4
Last Checked: Aug 5 at 2:06PM
MLS# PM-135799
Copyright © 2026 Pocono Mountains Association of Realtors. 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 23-unit apartment building offers well-maintained multifamily living with nearly 100% occupancy. The property is built with wood siding and features electric heating. It includes multiple buildings and has undergone major recent updates, including new roofs and siding, supporting long-term stability.
The property sits on 1.6 acres at 2413 Route 390 in Canadensis (Monroe County), with a total property size of 7,000 square feet. The roof is described as asbestos shingle. Water service is from a well and sewer service is private sewer.
Built in 1971, the complex is configured with multiple bedrooms and bathrooms across the unit mix, providing flexible layout options within the existing apartment configuration.
The property sits on 1.6 acres at 2413 Route 390 in Canadensis (Monroe County), with a total property size of 7,000 square feet. The roof is described as asbestos shingle. Water service is from a well and sewer service is private sewer.
Built in 1971, the complex is configured with multiple bedrooms and bathrooms across the unit mix, providing flexible layout options within the existing apartment configuration.
Key Highlights
- 23 units with nearly 100% occupancy
- Major recent updates including new roofs and siding
- 1.6‑acre site
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $118.4k | $16.92 |
| − Vacancy | −$4.4k | −$0.63 |
| EGI | $114.1k | $16.29 |
| − OpEx | −$51.3k | −$7.33 |
| NOI | $62.7k | $8.96 |
7,000 SF · lease $16.92/SF/yr · vacancy 3.70% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$896.2K
$784.2K – $1.05M
NOI $62,732 @ 7.0% cap · market cap 3.22%
Second Best
—
—
no second resolved use
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.
Property Analytics
Property Profile
Current Use
Lease Details
23
Residential units
Location Intelligence
Trade Area within ½ mile
73
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Apartment building with electric heat, wood siding, and water from a well with private sewer service.
Where is this apartment building 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 with nearly 100% occupancy; Major recent updates including new roofs and siding; 1.6‑acre site
