Short-Term Rental Compound with Three
For Sale
$939,000
394 Rt 447, Newfoundland, PA 18445
MULTI_FAMILY - Newfoundland, PA
Property Size6,700 SF
Lot Size5.00 Acres
Price / SF$140.15
Days on Market292
Property Features for 394 Rt 447
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
14
Bathrooms
11
Full bathrooms
11
Rooms
Bathroom 8, Bedroom 7, Bathroom 2, Bedroom 9, Bathroom 10, Basement, Bedroom 11, Bathroom 7, Bathroom 4, Bedroom 1, Bedroom 4, Bedroom 3, Bedroom 10, Bathroom 5, Bedroom 14, Bathroom 11, Bedroom 2, Bedroom 8, Bathroom 1, Bedroom 5, Bathroom 6, Bedroom 13, Bathroom 3, Bedroom 12, Bathroom 9, Bedroom 6
Parking
12
Subdivision
Greene Township
Standard status
Active
APN
111174
Size
6,700 SF
Lot size
5.00 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Lot 1 Hse Gar 3 Ob's Tennis Court
Tax Annual Amount
5998
Legal Description
Lot 1 Hse Gar 3 Ob's Tennis Court
Building Details
Year built
1930
Floors in Building
2
Number of units
2
Listing Agency:
Keller Williams Real Estate - Stroudsburg · Keller Williams Realty
(570) 421-2890
Listed By:
Walter J Lewis · License #RS288060
(570) 421-2890
Added: Oct 30, 2025
Changed: Aug 6
Last Checked: Aug 17 at 10:06AM
MLS# PM-137307
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 short-term rental compound includes three separate income-producing buildings on a 5-acre lot: the White Cloud Inn, the Lodge, and an apartment building. The White Cloud Inn is described as an originally hospitality facility with commercial kitchen equipment, a large dining area, living area, and multiple bedrooms and baths. The Lodge includes multiple bedrooms and baths and has been rented on a short-term basis. The third building, the apartment building, is partially occupied and in need of repairs to return it to full function.
The property is located at 394 Rt 447 in Newfoundland, PA (Pike County). The township is described as not having zoning, but it does have a short-term rental ordinance that permits STR.
With a combined property size of 6,700 square feet and a year built of 1930, the buildings offer flexible layouts for hosting while also leaving room for owner or on-site staff quarters, as described.
The property is located at 394 Rt 447 in Newfoundland, PA (Pike County). The township is described as not having zoning, but it does have a short-term rental ordinance that permits STR.
With a combined property size of 6,700 square feet and a year built of 1930, the buildings offer flexible layouts for hosting while also leaving room for owner or on-site staff quarters, as described.
Key Highlights
- Three separate income‑producing buildings: White Cloud Inn, The Lodge, and an apartment building
- White Cloud Inn includes commercial kitchen equipment and a large dining area
- The Lodge has been rented on a short‑term basis and includes multiple bedrooms and baths
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$63,126
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.72%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,262,520
$1.3M
Cap Rate 7%
$901,800
$901.8K
Cap Rate 9%
$701,400
$701.4K
Market Conditions
NOI Build-Up for 6,700 SF
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.
Gross rent
$124.6K $18.60/SF
− Vacancy
−$9.8K −$1.47/SF
EGI
$114.8K $17.13/SF
− OpEx
−$51.6K −$7.71/SF
NOI
$63.1K $9.42/SF
Area
Wayne County, PA
Vacancy
7.90%
Lease Rate
$18.60 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,262,520
Cap Rate 7%
$901,800
Cap Rate 9%
$701,400
Alternative Uses
Best Use
Apartment 5plus
$901.8K
$789.1K – $1.05M
NOI $63,126 @ 7.0% cap · market cap 6.72%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.63M
$1.43M – $1.91M
NOI $114,361 @ 7.0% cap · market cap 12.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
11
Businesses Nearby
Explore this area
Business Placement
Demographics for 18445, PA
2,260
Population
1,346
Households
1.7
Avg Household Size
52
Median Age
20%
College-Educated
88%
High-School Grad
32.8 sq mi
ZIP Area
69
Density / Sq Mi
$50,625
Median Household Income
$41,165
Median Earnings
$858
Median Rent
$244,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Short term rental property - Three buildings support short-term rental use, including an additional partially occupied apartment building needing repairs.
Where is this short term rental property located?
The property is located at 394 Rt 447 Newfoundland, PA.
What is the asking price?
The asking price for this property is $939,000.
What are key features of this property?
This property features: Three separate income‑producing buildings: White Cloud Inn, The Lodge, and an apartment building; White Cloud Inn includes commercial kitchen equipment and a large dining area; The Lodge has been rented on a short‑term basis and includes multiple bedrooms and baths
