Multifamily Property with Indoor
New
For Sale
$745,000
614 Lavender Lane, Canadensis, PA 18325
Flexible property with a detached apartment, recreational amenities, and township approval for Airbnb use.
Property Size3,546 SF
Lot Size1.43 Acres
Days on Market4
Property Features for 614 Lavender Lane
General Information
Standard status
Active
Size
3,546 SF
Lot size
1.43 Acres
Property subtype
Multi Family
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$14,264
Amenities
indoor pool room
sauna
game room
fireplace
clawfoot soaking tub
stainless steel appliances
Building Details
Building Size
3,546 SF
Year Built
1928
Buildings
2
Listing Agency:
Classic Properties - Mountainhome
Listed By:
Stephanie Benjamin
(570) 350-4659
Source:
Dpcomgroup
Added: Sep 14
Changed: Sep 16
Last Checked: Sep 16 at 2:43PM
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 Classic Properties - Mountainhome
Investment Insights
Based on property information with market context.
This multifamily property combines a primary residence with a separate detached apartment, creating flexible space for guests, extended household use, a home office, or additional living quarters. Built in 1928, the main home offers more than 4,000 square feet of living space on 1.43 acres. Interior amenities include an indoor pool room, private sauna, lower-level game room with pool table and mini bar, and a primary suite with fireplace, clawfoot soaking tub, and separate shower. The kitchen is equipped with stainless steel appliances.
The property is near Buck Hill Falls and does not have a homeowners association. Township approval is in place for Airbnb and short-term rental use, supporting continued personal occupancy with an additional rental-use option.
The property is near Buck Hill Falls and does not have a homeowners association. Township approval is in place for Airbnb and short-term rental use, supporting continued personal occupancy with an additional rental-use option.
Key Highlights
- 1.43‑acre property with more than 4,000 square feet of living space
- Separate detached apartment for guests, extended household use, office, or additional living space
- Indoor pool room, private sauna, and lower‑level game room with pool table and mini bar
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
$31,778
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
4.27%
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%
$635,560
$635.6K
Cap Rate 7%
$453,971
$454.0K
Cap Rate 9%
$353,089
$353.1K
Market Conditions
NOI Build-Up for 3,546 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
$60.0K $16.92/SF
− Vacancy
−$2.2K −$0.63/SF
EGI
$57.8K $16.29/SF
− OpEx
−$26.0K −$7.33/SF
NOI
$31.8K $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 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%
$635,560
Cap Rate 7%
$453,971
Cap Rate 9%
$353,089
Alternative Uses
Best Use
Apartment 5plus
$454.0K
$397.2K – $529.6K
NOI $31,778 @ 7.0% cap · market cap 4.27%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.06M
$928.7K – $1.24M
NOI $74,296 @ 7.0% cap · market cap 9.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
49
Businesses Nearby
Explore this area
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
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Multifamily property - Flexible property with a detached apartment, recreational amenities, and township approval for Airbnb use.
Where is this multifamily property located?
The property is located at 614 Lavender Lane Canadensis, PA.
What is the asking price?
The asking price for this property is $745,000.
What are key features of this property?
This property features: 1.43‑acre property with more than 4,000 square feet of living space; Separate detached apartment for guests, extended household use, office, or additional living space; Indoor pool room, private sauna, and lower‑level game room with pool table and mini bar
