Listing Agency: Better Homes and Gardens Real Estate Wilkins & Associates - Stroudsburg i***@wilkins1.com Show Phone

Listed By: David Wells Show Phone

Source: Exprealty

Added: Apr 21 Changed: Oct 11 Last Checked: Oct 16 at 10:21AM

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Investment Insights

Based on property information with market context.

This four-unit multifamily property is located at 915 Route 940 in Pocono Lake, Pennsylvania. Each unit has its own utility meter, allowing for separate measurement of usage across the building.

The property size is listed as 3,294, with the source information identifying the asset as a quadplex. Its configuration provides four residential units within one income-producing property.

Key Highlights

• Four‑unit quadplex configuration
• Each unit is individually metered
• 3,294 property size

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$32,035

Cap Rate

4.78%

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

Is this asking price fair?

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 (±1% cap)

NOI $32,035 @ 7.0% cap · market cap 4.78%

Second Best

Apartment 5plus

$421.7K

$369.0K – $492.0K (±1% cap)

NOI $29,520 @ 7.0% cap · market cap 4.41%

Theoretical Best

Office A

$985.9K

$862.7K – $1.15M (±1% cap)

NOI $69,016 @ 7.0% cap · market cap 10.30%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Quadplexes

Suggested Use

Top Pick Locksmith Auto Repair Shop Garden Center Catering Service Barber Shop Tanning Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4

Residential units

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

38

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

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Frequently Asked Questions

What type of property is this?

Quadplex - Four-unit residential income property with separate metering for each unit.

Where is this quadplex located?

The property is located at 915 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 quadplex configuration; Each unit is individually metered; 3,294 property size