Turnkey Duplex with Finished
16-18 E Main Street Pen Argyl, PA 18072
16-18 E Main Street, Pen Argyl, PA, 18072
$380,000
For Sale
$380,000
MULTI_FAMILY - Other - Pen Argyl, PA
Property Size4,100 SF
Lot Size0.19 Acres
Price / SF$92.68
Days on Market146
Property Features for 16-18 E Main Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Rooms
- Basement, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 4, Bedroom 3, Bathroom 1
- Interior features
- Eat-in Kitchen
- Basement
- Full, Unfinished, Dirt Floor
- Appliances
- Electric Range, Refrigerator, Water Heater
- Standard status
- Active
- APN
- 5665-04-8190-5824
- Size
- 4,100 SF
- Lot size
- 0.19 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Description
- Block: 61 /Lot: 8 /School District: 06-Pen Argyl Area /Fuel Type: Oil
- Tax Annual Amount
- 3272
Utilities
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating), Baseboard, Forced Air, Oil
- Cooling system
- Ceiling Fan(s), Ductless
- Water source
- Public
Building Details
- Year built
- 1870
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Tile, Carpet, Linoleum, Vinyl
- Building materials
- Vinyl Siding
- Roof type
- Asphalt, Fiberglass
- Architectural style
- Other
Listing Agency
Realty Executives - Stroudsburg
(570) 476-2424
731 Sarah Street Ste 1, Stroudsburg, PA
Listed by
Deborah Strayer
(570) 476-2424
Added: Feb 25 Updated: Jul 13 at 3:28 pm Checked: Jul 21 at 1:06 am
MLS# PM-139109
Listing URL
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.
16 & 18 E Main Street presents a turnkey duplex built for dependable rental income. The property is fully rented, with each unit offering two bedrooms and one bathroom. A notable upgrade is that both units include fully finished attic spaces, creating additional usable room that can serve as home offices, bonus areas, or flexible living space. The duplex also features recent updates throughout, designed to reduce maintenance and support long-term tenant satisfaction.
Located in Pen Argyl, the duplex benefits from a commuter-friendly setting. The area’s convenience and accessibility to major routes and surrounding employment centers support consistent tenant demand. With the property already operating as a self-sustaining rental asset, new ownership offers immediate income while retaining flexibility for future unit improvements.
This configuration makes the duplex a practical fit for investors seeking a managed, cash-flow oriented asset without waiting for renovations or tenant rollovers. With tenants paying all utilities and each unit maintaining a straightforward two-bedroom layout plus finished attic space, the property is well suited for buyers looking for a clean, income-producing entry into multi-family ownership or an addition to an existing portfolio.
Located in Pen Argyl, the duplex benefits from a commuter-friendly setting. The area’s convenience and accessibility to major routes and surrounding employment centers support consistent tenant demand. With the property already operating as a self-sustaining rental asset, new ownership offers immediate income while retaining flexibility for future unit improvements.
This configuration makes the duplex a practical fit for investors seeking a managed, cash-flow oriented asset without waiting for renovations or tenant rollovers. With tenants paying all utilities and each unit maintaining a straightforward two-bedroom layout plus finished attic space, the property is well suited for buyers looking for a clean, income-producing entry into multi-family ownership or an addition to an existing portfolio.
Key Highlights
- Duplex at 16 & 18 E Main Street built in 1870 with public water and public sewer
- Each unit has 2 bedrooms and 1 bathroom, with fully finished attic spaces in both units
- Property is fully rented; tenants pay all utilities
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $41.8k | $10.20 |
| − Vacancy | −$3.1k | −$0.76 |
| EGI | $38.7k | $9.44 |
| − OpEx | −$11.6k | −$2.83 |
| NOI | $27.1k | $6.61 |
4,100 SF · lease $10.20/SF/yr · vacancy 7.41% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$387.2K
$338.8K – $451.8K
NOI $27,105 @ 7.0% cap · market cap 7.13%
Second Best
Apartment 5plus
$356.4K
$311.9K – $415.8K
NOI $24,949 @ 7.0% cap · market cap 6.57%
Theoretical Best
Office A
$777.6K
$680.4K – $907.3K
NOI $54,435 @ 7.0% cap · market cap 14.33%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Fully rented duplex with updated interiors and finished attic space in both units, with tenants covering all utilities.
Where is this duplex located?
The property is located at 16-18 E Main Street Pen Argyl, PA.
What is the asking price?
The asking price for this property is $380,000.
What are key features of this property?
This property features: Duplex at 16 & 18 E Main Street built in 1870 with public water and public sewer; Each unit has 2 bedrooms and 1 bathroom, with fully finished attic spaces in both units; Property is fully rented; tenants pay all utilities
