15-Unit Apartment
For Sale
$1,999,999
306 Merwinsburg Road, Effort, PA 18330
Residential Income, Effort, PA
Property Size14,672 SF
Lot Size21.16 Acres
Price / SF$136.31
Days on Market278
Property Features for 306 Merwinsburg Road
General Information
Property type
Residential Multi Family
Property subtype
Single Family Residence
Zoning description
Agricultural
Bedrooms
16
Full bathrooms
12
Rooms
Bedroom 12, Bedroom 13, Bedroom 10, Bathroom 12, Bathroom 3, Bedroom 14, Bedroom 16, Bedroom 2, Bedroom 9, Bathroom 5, Bedroom 5, Bathroom 4, Bedroom 1, Bathroom 9, Basement, Bathroom 8, Bathroom 10, Bathroom 1, Bedroom 6, Bathroom 6, Bedroom 4, Bathroom 7, Bedroom 8, Bedroom 3, Bedroom 15, Bathroom 11, Bedroom 11, Bathroom 2, Bedroom 7
Patio and Porch features
Porch, Deck, Patio
Basement
Unfinished, Walk-Out Access, Exterior Entry
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
14,672 SF
Lot size
21.16 Acres
Tenancy & Operations
Currently Operating
Yes
Tenant in Place
Yes
Taxes and HOA fees
Tax Year
2025
Tax Description
Lot 1
Tax Annual Amount
18363
Legal Description
Lot 1
Utilities
Sewer type
Septic Tank, Perc Test On File
Heating system
Electric (Heating), Baseboard
Water source
Well
Water front
1
Amenities
manicured grounds
pond
Building Details
Year built
1902
Floors in Building
2
Number of units
10
Flooring type
Carpet, Laminate, Tile, Vinyl
Building materials
Aluminum Siding, Vinyl Siding
Roof type
Asphalt, Fiberglass, Shingle
Architectural style
Ranch
Listing Agency:
Keller Williams Real Estate - Stroudsburg 637 Main · Keller Williams Realty
Listed By:
Bob Kelly
(570) 213-4884
Added: Jan 31
Changed: Oct 28
Last Checked: Nov 4 at 10:06AM
MLS# PM-138595
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.
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Investment Insights
Based on property information with market context.
This 15-unit apartment property encompasses 14,672 square feet on 21.16 acres at 306 Merwinsburg Road in Effort, Pennsylvania. The property originated as a motel and is currently occupied by long-term tenants. Approximately 75% of the units have been remodeled, while the largest building remains available for renovation. Existing layouts include cabin-style, traditional apartment, studio, and home-style accommodations. The improvements date to 1902 and include ranch-style construction, decks, porches, patios, laminate, tile, carpet, and vinyl flooring.
The grounds include a pond and parking serving the units. General Commercial zoning provides for multiple approved use possibilities, subject to applicable zoning and approvals. The property uses a well and septic system, with a perc test on file. Its Effort location offers access to Lake Harmony, Big Boulder, Jack Frost, Camelback, Kalahari, Great Wolf Lodge, Aquatopia, Pocono Raceway, Pocono Premium Outlets, Mount Airy Casino, and Beltzville Lake.
The grounds include a pond and parking serving the units. General Commercial zoning provides for multiple approved use possibilities, subject to applicable zoning and approvals. The property uses a well and septic system, with a perc test on file. Its Effort location offers access to Lake Harmony, Big Boulder, Jack Frost, Camelback, Kalahari, Great Wolf Lodge, Aquatopia, Pocono Raceway, Pocono Premium Outlets, Mount Airy Casino, and Beltzville Lake.
Key Highlights
- 15‑unit property on 21.16 acres with 14,672 square feet of improvements
- Approximately 75% of the units have been recently remodeled
- Largest building remains ready for renovation
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$131,486
Cap Rate
6.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,629,720
$2.6M
Cap Rate 7%
$1,878,371
$1.9M
Cap Rate 9%
$1,460,956
$1.5M
Market Conditions
NOI Build-Up for 14,672 SF
Gross rent
$248.3K $16.92/SF
− Vacancy
−$9.2K −$0.63/SF
EGI
$239.1K $16.29/SF
− OpEx
−$107.6K −$7.33/SF
NOI
$131.5K $8.96/SF
Area
Monroe County, PA
Vacancy
3.70%
Lease Rate
$16.92 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,629,720
Cap Rate 7%
$1,878,371
Cap Rate 9%
$1,460,956
Alternative Uses
Best Use
Apartment 5plus
$1.88M
$1.64M – $2.19M
NOI $131,486 @ 7.0% cap · market cap 6.57%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.39M
$3.84M – $5.12M
NOI $307,408 @ 7.0% cap · market cap 15.37%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
15
Residential units
Location Intelligence
Trade Area within ½ mile
23
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - General Commercial zoning supports long-term residential use and other approved property configurations.
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 property on 21.16 acres with 14,672 square feet of improvements; Approximately 75% of the units have been recently remodeled; Largest building remains ready for renovation
