Two-Family
479 Golf Drive, Canadensis, PA 18325
For Sale
$425,000
The 1949 property offers two residential units in a setting with a golf course view.
Property Size2,781 SF
Price / SF$152.82
Days on Market300
Property Features for 479 Golf Drive
General Information
Standard status
Size
Property subtype
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Listing Agency:
Keller Williams Real Estate - Stroudsburg
Listed By:
Walter J Lewis · License #RS288060
(570) 977-0514
Source:
Redstonerun
Added: Jan 14
Changed: Nov 7
Last Checked: Nov 8 at 8:59PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Real Estate - Stroudsburg
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Investment Insights
Based on property information with market context.
This two-family duplex contains 2,781 square feet and was built in 1949. The two-unit layout supports separate residential occupancy, with a golf course view from across the street.
The property is in Barrett Township. Promised Land State Park, which has a public beach, is a short drive away; public access for power boating is available at Lake Wallenpaupack. Local dining options and equestrian facilities are also part of the surrounding area.
The property is in Barrett Township. Promised Land State Park, which has a public beach, is a short drive away; public access for power boating is available at Lake Wallenpaupack. Local dining options and equestrian facilities are also part of the surrounding area.
Key Highlights
- Two‑family duplex with 2,781 square feet
- Built in 1949
- Golf course view across the street
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,046
Cap Rate
6.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$540,920
$540.9K
Cap Rate 7%
$386,371
$386.4K
Cap Rate 9%
$300,511
$300.5K
Market Conditions
NOI Build-Up for 2,781 SF
Gross rent
$40.0K $14.40/SF
− Vacancy
−$1.4K −$0.51/SF
EGI
$38.6K $13.89/SF
− OpEx
−$11.6K −$4.17/SF
NOI
$27.0K $9.73/SF
Area
Monroe County, PA
Vacancy
3.52%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$540,920
Cap Rate 7%
$386,371
Cap Rate 9%
$300,511
Alternative Uses
Best Use
Multifamily LT 5
$386.4K
$338.1K – $450.8K
NOI $27,046 @ 7.0% cap · market cap 6.36%
Second Best
Apartment 5plus
$356.0K
$311.5K – $415.4K
NOI $24,922 @ 7.0% cap · market cap 5.86%
Theoretical Best
Office A
$832.4K
$728.4K – $971.1K
NOI $58,268 @ 7.0% cap · market cap 13.71%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
16
Businesses Nearby
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Business Placement
Demographics for 18325, PA
2,284
Population
1,415
Households
1.6
Avg Household Size
51
Median Age
49%
College-Educated
96%
High-School Grad
43.0 sq mi
ZIP Area
53
Density / Sq Mi
$114,885
Median Household Income
$59,250
Median Earnings
$241,800
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Monroe County, PA
Properties on Market for Duplexes in Monroe County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - The 1949 property offers two residential units in a setting with a golf course view.
Where is this duplex located?
The property is located at 479 Golf Drive Canadensis, PA.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Two‑family duplex with 2,781 square feet; Built in 1949; Golf course view across the street
