Building Details

Tenancy Multi

Listing Agency: DLP Realty Show Phone

Listed By: Bruce Eaton · License #PA RS316181

Source: Crexi

Added: Apr 11 Changed: Aug 8 Last Checked: Jul 22 at 6:30PM

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Investment Insights

Based on property information with market context.

383 Old Route 940 is a 10-unit residential income property comprised of a nine-unit multifamily building and an adjacent standalone carriage house on the same parcel in Pocono Pines, Pennsylvania. The multifamily building offers seven two-bedroom apartments and two one-bedroom apartments. The carriage house contains a two-bedroom layout in a separate structure.

The property benefits from easy highway access in a developing commuter area. Utilities are in the tenant’s name, with the exception of common area electric.

Private water and sewer service are provided on-site for the property.

Key Highlights

• 10‑unit multifamily property in Pocono Pines (Pocono Mountain region, PA)
• 9‑unit multifamily building with 7 two‑bedroom apartments and 2 one‑bedroom apartments
• Standalone two‑bedroom carriage house on the same property

Property Analytics

Property Profile

Current Use

Apartment buildings

Suggested Use

Top Pick Electrical Service Auto Repair Shop Grocery & Convenience Store Big Box & Wholesale Store Kitchen & Bath Showroom Veterinary Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

10

Residential units

Multi-tenant

Tenancy

Yes

Highway access

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

94

Businesses Nearby

Explore this area Business Placement

Demographics for 18350, PA

1,837

Population

1,967

Households

0.9

Avg Household Size

54

Median Age

36%

College-Educated

81%

High-School Grad

5.8 sq mi

ZIP Area

317

Density / Sq Mi

$109,058

Median Household Income

$90,750

Median Earnings

$218,000

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Questions? Ask Rey

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What type of property is this? Where is this multifamily properties located? What is the asking price? Find similar properties ... What are key features of this property?

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Similar For Sale Nearby

Mixed-Use Property with Three Structures

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Mixed-Use Property with Three Structures

5119 Pocono Crest Road, Pocono Pines, PA 18350

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Frequently Asked Questions

What type of property is this?

Multifamily property - Ten-unit multifamily property with nine-apartment building and a standalone two-bedroom carriage house on the same site.

Where is this multifamily property located?

The property is located at 383 Old Rte. 940 Pocono Pines, PA.

What are key features of this property?

This property features: 10‑unit multifamily property in Pocono Pines (Pocono Mountain region, PA); 9‑unit multifamily building with 7 two‑bedroom apartments and 2 one‑bedroom apartments; Standalone two‑bedroom carriage house on the same property