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    Turnkey Duplex with Finished Attics Title is generated by Realmo AI

    16-18 E Main Street, Pen Argyl, PA 18072

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    For Sale
    $380,000

    MULTI_FAMILY - Other - Pen Argyl, PA

    Property size:
    4,100 SF
    Lot size:
    0.19 Acres
    Price / SF:
    $92/SF
    Added:
    Feb 25, 2026
    Days on Market:
    98
    Last Refresh:
    Jun 3 at 9:06 pm

    Property Features for 16-18 E Main Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    4
    Rooms
    Bathroom 1, Bedroom 1, Bedroom 4, Bathroom 2, Bedroom 3, Basement, Bedroom 2
    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
    Baseboard, Electric (Heating), Oil, Forced Air
    Cooling system
    Ductless, Ceiling Fan(s)
    Water source
    Public

    Building Details

    Year built
    1870
    Floors in Building
    2
    Number of units
    2
    Flooring type
    Carpet, Tile, Vinyl, Linoleum
    Building materials
    Vinyl Siding
    Roof type
    Asphalt, Fiberglass
    Architectural style
    Other

    We can help!

    Listing Contact
    Deborah Strayer

    Listing agent Deborah Strayer

    Listing office Realty Executives - Stroudsburg 731 Sarah Street Ste 1, Stroudsburg, PA

    Listing date Feb 25, 2026

    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.

    HighLights

    • Duplex at 16 & 18 E Main Street, fully rented and generating rental income
    • Each unit features 2 bedrooms and 1 bathroom
    • Both units include fully finished attic spaces for additional living/bonus areas
    • Tenants pay all utilities
    • Year built 1870; public water and public sewer
    • Heating includes electric and oil baseboard/forced air; cooling includes ductless systems with ceiling fans

    Overview

    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.

    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 (±1% cap)
    NOI $27,105 @ 7.0% cap · market cap 7.13%
    Second Best
    Apartment 5plus
    $356.4K
    $311.9K – $415.8K (±1% cap)
    NOI $24,949 @ 7.0% cap · market cap 6.57%
    Theoretical Best
    Office A
    $777.6K
    $680.4K – $907.3K (±1% cap)
    NOI $54,435 @ 7.0% cap · market cap 14.33%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Pen Argyl
    County
    Northampton
    State
    Pennsylvania
    Longitude
    -75.253049
    Latitude
    40.866143

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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, fully rented and generating rental income; Each unit features 2 bedrooms and 1 bathroom; Both units include fully finished attic spaces for additional living/bonus areas
    (570) 476-2424
    We can help!
    Listing Contact
    Deborah Strayer
    Request Owner's contact information
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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