15-Unit Apartment
For Sale
$1,999,999
306 Merwinsburg Road, Effort, PA 18330
COMMERCIAL - Effort, PA
Property Size10,546 SF
Lot Size21.16 Acres
Price / SF$189.65
Days on Market186
Property Features for 306 Merwinsburg Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
GC
Zoning description
Commercial
Rooms
Basement
Exterior features
Covered Courtyard, Lighting
Basement
Walk-Out Access, Exterior Entry, Unfinished
Lot features
Level, Sloped, Agricultural, Cleared, Wooded, Paved
Elementary school district
Pleasant Valley
Middle school district
Pleasant Valley
High school district
Pleasant Valley
Subdivision
Chestnuthill Township
Standard status
Active
APN
02.13.1.31
Size
10,546 SF
Lot size
21.16 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Lot 1
Tax Annual Amount
19486
Legal Description
Lot 1
Utilities
Sewer type
Perc Test On File, Septic Tank
Heating system
Electric (Heating), Baseboard
Water source
Well
Water front
1
Amenities
pond
Building Details
Year built
1902
Floors in Building
2
Flooring type
Laminate, Carpet, Vinyl, Tile
Building materials
Aluminum Siding, Vinyl Siding
Roof type
Shingle, Asphalt, Fiberglass
Listing Agency:
Keller Williams Real Estate - Stroudsburg 637 Main · Keller Williams Realty
(570) 213-4884
Listed By:
Bob Kelly
(570) 213-4884
Added: Jan 31
Changed: Aug 4
Last Checked: Aug 5 at 3:06PM
MLS# PM-138594
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 15-unit income property features long-term tenants in place and an expansion/repositioning opportunity based on its former motel use. Approximately 75% of the units have been recently remodeled, while the largest building remains ready for renovation. The property includes grounds with a pond, plus covered courtyard and exterior lighting, and is designed to support multiple pathways including continued long-term rentals, short-term rental operations, or a hospitality repositioning subject to zoning and approvals.
Set on 21.16 acres in Effort, Pennsylvania, the property is built with aluminum and vinyl siding and includes a mix of interior finishes such as carpet, vinyl, laminate, and tile. Heating is provided by electric baseboard systems. The roof is shingle, fiberglass, and asphalt, and the property includes a basement.
Water and waste services include a well and septic tank, with a perc test on file. The property is served by a General Commercial (GC) zoning designation, with plenty of parking for all units.
Set on 21.16 acres in Effort, Pennsylvania, the property is built with aluminum and vinyl siding and includes a mix of interior finishes such as carpet, vinyl, laminate, and tile. Heating is provided by electric baseboard systems. The roof is shingle, fiberglass, and asphalt, and the property includes a basement.
Water and waste services include a well and septic tank, with a perc test on file. The property is served by a General Commercial (GC) zoning designation, with plenty of parking for all units.
Key Highlights
- 15‑unit income property with long‑term tenants in place
- Approximately 75% of units recently remodeled; largest building ready for renovation
- 21.16 acres with landscaped grounds and a pond setting
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 | $178.4k | $16.92 |
| − Vacancy | −$6.6k | −$0.63 |
| EGI | $171.8k | $16.29 |
| − OpEx | −$77.3k | −$7.33 |
| NOI | $94.5k | $8.96 |
10,546 SF · lease $16.92/SF/yr · vacancy 3.70% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.35M
$1.18M – $1.58M
NOI $94,510 @ 7.0% cap · market cap 4.73%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.16M
$2.76M – $3.68M
NOI $220,960 @ 7.0% cap · market cap 11.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
15
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
55
Businesses Nearby
Explore this area
Business Placement
Demographics for 18330, PA
8,351
Population
3,196
Households
2.6
Avg Household Size
42
Median Age
23%
College-Educated
94%
High-School Grad
14.5 sq mi
ZIP Area
576
Density / Sq Mi
$92,907
Median Household Income
$41,313
Median Earnings
$1,809
Median Rent
$251,300
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - 15-unit apartment building on General Commercial (GC) zoning with a largely remodeled unit mix and on-site pond setting.
Where is this apartment building located?
The property is located at 306 Merwinsburg Road Effort, PA.
What is the asking price?
The asking price for this property is $1,999,999.
What are key features of this property?
This property features: 15‑unit income property with long‑term tenants in place; Approximately 75% of units recently remodeled; largest building ready for renovation; 21.16 acres with landscaped grounds and a pond setting
