15-Unit Apartment
For Sale
$1,999,999
306 Merwinsburg Road, Effort, PA 18330
Commercial Sale, Effort, PA
Property Size10,546 SF
Lot Size21.16 Acres
Price / SF$189.65
Days on Market277
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, Unfinished, 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
10,546 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
19486
Legal Description
Lot 1
Utilities
Sewer type
Septic Tank, Perc Test On File
Heating system
Baseboard, Electric (Heating)
Water source
Well
Water front
1
Building Details
Year built
1902
Floors in Building
2
Flooring type
Carpet, Vinyl, Laminate, Tile
Building materials
Aluminum Siding, Vinyl Siding
Roof type
Fiberglass, Shingle, Asphalt
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 3 at 11:06PM
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.
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Investment Insights
Based on property information with market context.
This 15-unit apartment property occupies 21.16 acres and includes 10,546 square feet of improvements. The property contains a mix of cabin, traditional apartment, studio, and home layouts, with long-term tenants currently in place. Approximately 75% of the units have been remodeled, while the largest building remains available for renovation. Covered courtyard space, exterior lighting, varied flooring, aluminum and vinyl siding, baseboard electric heat, and a basement are among the existing features.
Located at 306 Merwinsburg Road in Effort, Pennsylvania, the property is zoned General Commercial (GC). Water is supplied by a well, and wastewater service is provided by a septic tank; a perc test is on file. The grounds include a pond and on-site parking, while the property's former motel configuration supports consideration of continued residential use or other permitted uses, subject to zoning and approvals.
Located at 306 Merwinsburg Road in Effort, Pennsylvania, the property is zoned General Commercial (GC). Water is supplied by a well, and wastewater service is provided by a septic tank; a perc test is on file. The grounds include a pond and on-site parking, while the property's former motel configuration supports consideration of continued residential use or other permitted uses, subject to zoning and approvals.
Key Highlights
- 15‑unit property on 21.16 acres
- 10,546 square feet of improvements
- Approximately 75% of units recently remodeled
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$94,510
Cap Rate
4.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,890,200
$1.9M
Cap Rate 7%
$1,350,143
$1.4M
Cap Rate 9%
$1,050,111
$1.1M
Market Conditions
NOI Build-Up for 10,546 SF
Gross rent
$178.4K $16.92/SF
− Vacancy
−$6.6K −$0.63/SF
EGI
$171.8K $16.29/SF
− OpEx
−$77.3K −$7.33/SF
NOI
$94.5K $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%
$1,890,200
Cap Rate 7%
$1,350,143
Cap Rate 9%
$1,050,111
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.
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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 an income-producing property with multiple existing layouts and room for future repositioning, subject to approvals.
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; 10,546 square feet of improvements; Approximately 75% of units recently remodeled
