Fully Remodeled Duplex in Commercial
For Sale
$479,000
2965 Route 611, Tannersville, PA 18372
MULTI_FAMILY - Tannersville, PA
Property Size2,172 SF
Lot Size0.16 Acres
Price / SF$220.53
Days on Market140
Property Features for 2965 Route 611
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
Commercial
Bedrooms
3
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 2, Bedroom 1, Bathroom 2, Bedroom 3, Bathroom 1, Bathroom 3
Patio and Porch features
Porch
Appliances
Gas Range
Elementary school district
Pocono Mountain
Middle school district
Pocono Mountain
High school district
Pocono Mountain
Subdivision
Pocono Township
Standard status
Active
APN
12.8.1.53
Size
2,172 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
4454
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1940
Floors in Building
2
Number of units
2
Listing Agency:
exp Realty, LLC - Philadelphia
(888) 397-7352
Listed By:
Nicholas A Keblish
(888) 397-7352
Added: Mar 25
Changed: Aug 4
Last Checked: Aug 11 at 7:06PM
MLS# PM-139882
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 fully remodeled duplex offers two renovated units under one roof, built in 1940 on a 0.16-acre lot. The property features a brand-new roof and comprehensive interior updates across both units, including modern kitchens, updated bathrooms, fresh flooring, new windows, and updated electrical and plumbing. Each unit has a private entrance, with off-street parking available for residents.
The duplex is in a commercial zone, and the property is described as having flexible usage allowed by that zoning. Utilities are provided via public water and public sewer. Interior features also include a gas range, and the home has a porch.
With its refreshed building systems and turnkey interior improvements, the property is positioned as an investment opportunity or owner-occupant option for buyers seeking a duplex in Tannersville.
The duplex is in a commercial zone, and the property is described as having flexible usage allowed by that zoning. Utilities are provided via public water and public sewer. Interior features also include a gas range, and the home has a porch.
With its refreshed building systems and turnkey interior improvements, the property is positioned as an investment opportunity or owner-occupant option for buyers seeking a duplex in Tannersville.
Key Highlights
- 0.16‑acre lot with a 2,172 SF duplex
- Brand‑new roof and completely renovated interiors in both units
- Updated electrical, plumbing, flooring, and new windows throughout
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
$21,123
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
4.41%
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%
$422,460
$422.5K
Cap Rate 7%
$301,757
$301.8K
Cap Rate 9%
$234,700
$234.7K
Market Conditions
NOI Build-Up for 2,172 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
$31.3K $14.40/SF
− Vacancy
−$1.1K −$0.51/SF
EGI
$30.2K $13.89/SF
− OpEx
−$9.1K −$4.17/SF
NOI
$21.1K $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%
$422,460
Cap Rate 7%
$301,757
Cap Rate 9%
$234,700
Alternative Uses
Best Use
Multifamily LT 5
$301.8K
$264.0K – $352.1K
NOI $21,123 @ 7.0% cap · market cap 4.41%
Second Best
Apartment 5plus
$278.1K
$243.3K – $324.4K
NOI $19,465 @ 7.0% cap · market cap 4.06%
Theoretical Best
Office A
$650.1K
$568.9K – $758.5K
NOI $45,508 @ 7.0% cap · market cap 9.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
270
Businesses Nearby
Explore this area
Business Placement
Demographics for 18372, PA
2,673
Population
1,741
Households
1.5
Avg Household Size
45
Median Age
24%
College-Educated
82%
High-School Grad
7.7 sq mi
ZIP Area
347
Density / Sq Mi
$114,334
Median Household Income
$35,981
Median Earnings
$1,714
Median Rent
$306,400
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?
Duplex - Completely renovated duplex with private entrances, off-street parking, and a brand-new roof in a commercial zone.
Where is this duplex located?
The property is located at 2965 Route 611 Tannersville, PA.
What is the asking price?
The asking price for this property is $479,000.
What are key features of this property?
This property features: 0.16‑acre lot with a 2,172 SF duplex; Brand‑new roof and completely renovated interiors in both units; Updated electrical, plumbing, flooring, and new windows throughout
