Renovated
For Sale
$390,000
Pending
12 Garden Street, Stroudsburg, PA 18360
Residential Income, Stroudsburg, PA
Property Size2,176 SF
Lot Size0.26 Acres
Days on Market48
Property Features for 12 Garden Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 6, Bedroom 4, Bathroom 1, Bedroom 3, Bedroom 5, Bathroom 2, Bathroom 4, Bedroom 2, Bathroom 3, Bedroom 1
Appliances
Electric Oven, Refrigerator
Subdivision
Stroudsburg Borough
Standard status
Pending
APN
18.117672
Size
2,176 SF
Lot size
0.26 Acres
Taxes and HOA fees
Tax Annual Amount
5807
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Baseboard
Water source
Public
Building Details
Year built
2004
Floors in Building
2
Number of units
2
Flooring type
Tile - Ceramic, Carpet, Laminate
Listing Agency:
Classic Properties - Mountainhome
(570) 595-3705
Listed By:
Leonore Ferreira
(570) 587-7000
Added: Jul 13
Changed: Aug 23
Last Checked: Aug 29 at 9:06AM
MLS# PM-142990
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 renovated duplex contains 2,176 square feet across two separate residences. Each unit offers three bedrooms and two bathrooms, creating a consistent layout throughout the property. Both sides are vacant, allowing a new owner to lease the units or occupy one while leasing the other. Electric baseboard heating, public water, public sewer, ceramic tile, carpet, laminate flooring, an electric oven, and a refrigerator are included.
The property sits on a 0.26-acre lot at 12 Garden Street in Stroudsburg, Pennsylvania. Off-street parking accommodates 6-8 cars. Local amenities, schools, and public transportation are identified as accessible from the property, adding practical convenience for occupants.
The property sits on a 0.26-acre lot at 12 Garden Street in Stroudsburg, Pennsylvania. Off-street parking accommodates 6-8 cars. Local amenities, schools, and public transportation are identified as accessible from the property, adding practical convenience for occupants.
Key Highlights
- 2,176‑square‑foot duplex on a 0.26‑acre lot
- Two units, each with 3 bedrooms and 2 bathrooms
- Both units are vacant for immediate leasing or owner occupancy
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
$21,162
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
5.43%
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%
$423,240
$423.2K
Cap Rate 7%
$302,314
$302.3K
Cap Rate 9%
$235,133
$235.1K
Market Conditions
NOI Build-Up for 2,176 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
$31.3K $14.40/SF
− Vacancy
−$1.1K −$0.51/SF
EGI
$30.2K $13.89/SF
− OpEx
−$9.1K −$4.17/SF
NOI
$21.2K $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%
$423,240
Cap Rate 7%
$302,314
Cap Rate 9%
$235,133
Alternative Uses
Best Use
Multifamily LT 5
$302.3K
$264.5K – $352.7K
NOI $21,162 @ 7.0% cap · market cap 5.43%
Second Best
Apartment 5plus
$278.6K
$243.8K – $325.0K
NOI $19,501 @ 7.0% cap · market cap 5.00%
Theoretical Best
Office A
$651.3K
$569.9K – $759.9K
NOI $45,592 @ 7.0% cap · market cap 11.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
596
Businesses Nearby
Explore this area
Business Placement
Demographics for 18360, PA
29,079
Population
12,743
Households
2.3
Avg Household Size
45
Median Age
32%
College-Educated
91%
High-School Grad
86.5 sq mi
ZIP Area
336
Density / Sq Mi
$69,413
Median Household Income
$41,592
Median Earnings
$1,314
Median Rent
$286,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two vacant residences provide three-bedroom, two-bath layouts with off-street parking and flexible occupancy options.
Where is this duplex located?
The property is located at 12 Garden Street Stroudsburg, PA.
What is the asking price?
The asking price for this property is $390,000.
What are key features of this property?
This property features: 2,176‑square‑foot duplex on a 0.26‑acre lot; Two units, each with 3 bedrooms and 2 bathrooms; Both units are vacant for immediate leasing or owner occupancy
