Four-Unit Quadplex with Individual
For Sale
$640,000
915 Pennsylvania Route 940, Pocono Lake, PA 18347
Commercial Sale, Pocono Lake, PA
Property Size3,294 SF
Lot Size1.53 Acres
Price / SF$194.29
Days on Market193
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
Additional Details
Tenant in Place
Yes
Individually Metered Utilities
unspecified utilities
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
Carpet, Engineered, Vinyl
Building materials
Vinyl Siding
Roof type
Asphalt
Listing Agency:
Wilkins & Associates Real Estate, Inc. · Better Homes and Gardens Real Estate
Listed By:
David Wells
(570) 421-8950
Added: Apr 21
Changed: Oct 27
Last Checked: Oct 30 at 4:06PM
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.
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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 / Yr
$32,035
Cap Rate
5.01%
Suggested Prices Based on Cap Rates
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
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 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 5.01%
Second Best
Apartment 5plus
$421.7K
$369.0K – $492.0K
NOI $29,520 @ 7.0% cap · market cap 4.61%
Theoretical Best
Office A
$985.9K
$862.7K – $1.15M
NOI $69,016 @ 7.0% cap · market cap 10.78%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
81
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Northeast region
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 $640,000.
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
