Poconos Income Property with
306 Merwinsburg Road, Effort, PA 18330
MULTI_FAMILY - Effort, PA
Property size:
14,672 SFLot size:
21.16 AcresPrice / SF:
$149/SF- Added:
- Jan 31, 2026
- Days on Market:
- 140
- Last Refresh:
- Jun 20 at 10:06 pm
Property Features for 306 Merwinsburg Road
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 16
- Rooms
- Bedroom 8, Bedroom 3, Bathroom 5, Bathroom 6, Bathroom 12, Bathroom 8, Bedroom 6, Bedroom 12, Bedroom 11, Bathroom 10, Bathroom 11, Bedroom 16, Bedroom 9, Basement, Bedroom 13, Bedroom 4, Bathroom 7, Bathroom 2, Bedroom 14, Bedroom 10, Bathroom 4, Bathroom 1, Bedroom 1, Bedroom 7, Bathroom 3, Bedroom 5, Bedroom 15, Bathroom 9, Bedroom 2
- Patio and Porch features
- Porch, Patio, Deck
- Basement
- Unfinished, Walk-Out Access, Exterior Entry
- Standard status
- Active
- APN
- 02.13.1.31
- Size
- 14,672 SF
- Lot size
- 21.16 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- Lot 1
- Tax Annual Amount
- 18363
Utilities
- Sewer type
- Septic Tank, Perc Test On File
- Heating system
- Electric (Heating), Baseboard
- Water source
- Well
- Water front
- 1
Building Details
- Year built
- 1902
- Floors in Building
- 2
- Number of units
- 10
- Flooring type
- Laminate, Tile, Carpet, Vinyl
- Building materials
- Aluminum Siding, Vinyl Siding
- Roof type
- Shingle, Fiberglass, Asphalt
Listing agent Bob Kelly (570) 213-4884
Listing office Keller Williams Real Estate - Stroudsburg 637 Main 637 Main St Suite 320, Stroudsburg, PA (570) 213-4884
Listing date Jan 31, 2026
MLS# PM-138595
Listing URL
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.
HighLights
- 15‑unit income property originally built and operated as a motel (Harvest Moon)
- Approximately 75% of the units have been recently remodeled; the largest building remains ready for renovation
- Currently operating with long‑term tenants in place, providing immediate rental income
- General Commercial (GC) zoning, with permitted‑use details available in the documents
- Utilities include well water and a septic tank (perc test on file)
- Roofing includes shingle/fiberglass/asphalt; exterior materials include aluminum siding and vinyl siding
Overview
This 15-unit income property, formerly known as Harvest Moon, offers upside and flexible future use. Originally a motel, the property can continue as long-term rentals, convert to short-term rentals, or reposition as a boutique motel or mixed-use hospitality asset, subject to zoning and approvals. Currently operating with long-term tenants, it provides immediate income with room for rent growth. Approximately 75% of the units have been recently remodeled, while the largest building is ready for renovation, offering potential to increase unit count and overall cash flow. The property is set on 21.16 acres with manicured grounds surrounding a pond. There is plenty of parking for all units. Located in the heart of the Poconos, it has convenient 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 property is zoned General Commercial (GC). It is suited for investors, developers, or hospitality operators seeking a flexible, scalable opportunity in a high-demand Poconos location. The property size is 14,672 square feet.
Local 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 | $248.3k | $16.92 |
| − Vacancy | −$9.2k | −$0.63 |
| EGI | $239.1k | $16.29 |
| − OpEx | −$107.6k | −$7.33 |
| NOI | $131.5k | $8.96 |
14,672 SF · lease $16.92/SF/yr · vacancy 3.70% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.88M
$1.64M – $2.19M
NOI $131,486 @ 7.0% cap · market cap 5.98%
Second Best
Hotel Hospitality
$1.61M
$1.41M – $1.88M
NOI $112,901 @ 7.0% cap · market cap 5.13%
Theoretical Best
Office A
$4.39M
$3.84M – $5.12M
NOI $307,408 @ 7.0% cap · market cap 13.97%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Motels
Location Insight
- Map
- Local Demand
- City
- Effort
- County
- Monroe
- State
- Pennsylvania
- Longitude
- -75.454958
- Latitude
- 40.955463
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - 15-unit property with expansion potential in the Poconos.
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 $2,200,000.
What are key features of this property?
This property features: 15‑unit income property originally built and operated as a motel (Harvest Moon); Approximately 75% of the units have been recently remodeled; the largest building remains ready for renovation; Currently operating with long‑term tenants in place, providing immediate rental income
