Four-Unit Quadplex with Individual
For Sale
$670,000
915 Pennsylvania Route 940, Pocono Lake, PA 18347
Commercial Sale, Pocono Lake, PA
Property Size3,294 SF
Lot Size1.53 Acres
Price / SF$203.40
Days on Market147
Property Features for 915 Pennsylvania Route 940
General Information
Property type
Commercial Sale
Property subtype
Apartment
Zoning description
Multi-Family
Rooms
Basement
Basement
Partial, Full, Concrete
Elementary school district
Pocono Mountain
Middle school district
Pocono Mountain
High school district
Pocono Mountain
Subdivision
Tobyhanna Township
Standard status
Active
APN
19.16.1.38-6
Size
3,294 SF
Lot size
1.53 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Lot 2
Tax Annual Amount
9888
Legal Description
Lot 2
Utilities
Sewer type
Septic Tank
Heating system
Electric (Heating)
Cooling system
Wall/Window Unit(s), Window Unit(s)
Water source
Well
Building Details
Year built
1966
Floors in Building
2
Flooring type
Vinyl, Engineered, Carpet
Building materials
Vinyl Siding
Roof type
Asphalt
Listing Agency:
Wilkins & Associates Real Estate, Inc. · Better Homes and Gardens Real Estate
(570) 421-8950
Listed By:
David Wells
(570) 730-7756
Added: Apr 21
Changed: Sep 13
Last Checked: Sep 14 at 9:06AM
MLS# PM-140596
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 four-unit residential income property contains 3,294 square feet on a 1.53-acre parcel. Built in 1966, the building has vinyl siding, an asphalt roof, and basement space. Interior finishes include carpet, engineered flooring, and vinyl. Each unit is individually metered, providing separate electric measurement for the residences.
The property is served by a private well and septic tank. Heating is electric, while cooling is provided through window or wall/window units. The asset is located at 915 Pennsylvania Route 940 in Pocono Lake, within Monroe County, Pennsylvania.
The property is served by a private well and septic tank. Heating is electric, while cooling is provided through window or wall/window units. The asset is located at 915 Pennsylvania Route 940 in Pocono Lake, within Monroe County, Pennsylvania.
Key Highlights
- Four‑unit property with 3,294 square feet of building area
- Each unit is individually metered
- Situated on 1.53 acres at 915 Pennsylvania Route 940
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
$32,035
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
4.78%
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%
$640,700
$640.7K
Cap Rate 7%
$457,643
$457.6K
Cap Rate 9%
$355,944
$355.9K
Market Conditions
NOI Build-Up for 3,294 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
$47.4K $14.40/SF
− Vacancy
−$1.7K −$0.51/SF
EGI
$45.8K $13.89/SF
− OpEx
−$13.7K −$4.17/SF
NOI
$32.0K $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 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%
$640,700
Cap Rate 7%
$457,643
Cap Rate 9%
$355,944
Alternative Uses
Best Use
Multifamily LT 5
$457.6K
$400.4K – $533.9K
NOI $32,035 @ 7.0% cap · market cap 4.78%
Second Best
Apartment 5plus
$421.7K
$369.0K – $492.0K
NOI $29,520 @ 7.0% cap · market cap 4.41%
Theoretical Best
Office A
$985.9K
$862.7K – $1.15M
NOI $69,016 @ 7.0% cap · market cap 10.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
81
Businesses Nearby
Explore this area
Business Placement
Demographics for 18347, PA
3,283
Population
4,370
Households
0.8
Avg Household Size
54
Median Age
35%
College-Educated
93%
High-School Grad
50.0 sq mi
ZIP Area
66
Density / Sq Mi
$81,275
Median Household Income
$40,425
Median Earnings
$1,176
Median Rent
$168,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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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?
Quadplex - Income property on 1.53 acres with separately metered units and a mix of carpet, engineered, and vinyl flooring.
Where is this quadplex located?
The property is located at 915 Pennsylvania Route 940 Pocono Lake, PA.
What is the asking price?
The asking price for this property is $670,000.
What are key features of this property?
This property features: Four‑unit property with 3,294 square feet of building area; Each unit is individually metered; Situated on 1.53 acres at 915 Pennsylvania Route 940
