Multifamily Property with Indoor
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 Market52
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: Nov 2
Last Checked: Nov 3 at 2:59AM
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
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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 / Yr
$31,778
Cap Rate
4.27%
Suggested Prices Based on Cap Rates
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
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 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.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
49
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
Vacancy Rate% for Multifamily in Northeast region
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
