Duplex with Cape Cod Residence and
For Sale
$625,000
2115 W Main Street, Stroudsburg, PA 18360
MULTI_FAMILY - Cape Cod - Stroudsburg, PA
Property Size2,888 SF
Lot Size1.15 Acres
Price / SF$90.74
Days on Market10
Property Features for 2115 W Main Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
C-2
Zoning description
Commercial
Bedrooms
4
Bathrooms
3
Full bathrooms
4
Rooms
Bathroom 2, Bedroom 3, Bathroom 1, Basement, Bathroom 3, Bedroom 2, Bedroom 1, Bedroom 4, Bathroom 4
Patio and Porch features
Deck
Pool private
1
Interior features
Eat-in Kitchen, Second Kitchen, In-Law Floorplan, Open Floorplan
Fireplace
1
Basement
Full, Exterior Entry
Appliances
Electric Range, Refrigerator, Dishwasher, Microwave
Lot features
Sloped
Subdivision
Stroud Township
Standard status
Active
APN
17.11.1.37-1
Size
6,888 SF
Lot size
1.15 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
12795
Utilities
Heating system
Hot Water(Heating), Oil
Cooling system
Ceiling Fan(s)
Water source
Well
Building Details
Year built
1944
Floors in Building
2
Number of units
2
Flooring type
Carpet, Vinyl, Laminate, Linoleum
Building materials
Brick, Vinyl Siding
Roof type
Fiberglass, Asphalt
Architectural style
Cape Cod
Listing Agency:
Keller Williams Real Estate - Northampton Co · Keller Williams Realty
(610) 867-8888
Listed By:
Kelly Houston · License #405412
(610) 867-8888
Added: Jul 28
Changed: Aug 3
Last Checked: Aug 6 at 9:06PM
MLS# PM-143424
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 duplex-style property pairs a detached Cape Cod home with a commercially zoned garage/workshop featuring an active machining business/equipment option. The commercial garage is 2,888 SF and includes three bays, an office, a half bath, storage rooms, and a loading dock, along with 11 ft and 12 ft ceilings. It also has separate septic and a storage shed. The detached 4,000 SF main home offers a 4+ bedroom and 3+ bathroom layout with an in-law suite on the second floor, plus an extended living configuration supported by a separate entrance and a second kitchenette. There is also a built-in 1-car garage within the large unfinished basement. Interior features include eat-in kitchen, second kitchen, and open floorplan.
The property sits on 1.15 acres and is located on main Business Route 209 of Stroudsburg, with C-2 zoning and high-traffic exposure. Utilities include well water, and the home is heated with hot water and oil, with cooling via ceiling fans. Construction includes brick and vinyl siding, with an asphalt and fiberglass roof.
Additional highlights include a deck, a private pool, and a fireplace, supporting a flexible live-and-work or residential-and-income approach.
The property sits on 1.15 acres and is located on main Business Route 209 of Stroudsburg, with C-2 zoning and high-traffic exposure. Utilities include well water, and the home is heated with hot water and oil, with cooling via ceiling fans. Construction includes brick and vinyl siding, with an asphalt and fiberglass roof.
Additional highlights include a deck, a private pool, and a fireplace, supporting a flexible live-and-work or residential-and-income approach.
Key Highlights
- 1.15‑acre C‑2 zoned property on main Business Route 209 in Stroudsburg
- 2,888 SF commercially zoned garage/workshop with three bays, office, half bath, and loading dock
- Separate septic serving the garage/workshop
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
$40,191
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
6.43%
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%
$803,820
$803.8K
Cap Rate 7%
$574,157
$574.2K
Cap Rate 9%
$446,567
$446.6K
Market Conditions
NOI Build-Up for 6,888 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
$60.8K $8.83/SF
− Vacancy
−$3.4K −$0.49/SF
EGI
$57.4K $8.34/SF
− OpEx
−$17.2K −$2.50/SF
NOI
$40.2K $5.83/SF
Area
Monroe County, PA
Vacancy
5.60%
Lease Rate
$8.83 /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%
$803,820
Cap Rate 7%
$574,157
Cap Rate 9%
$446,567
Alternative Uses
Best Use
Multifamily LT 5
$957.0K
$837.3K – $1.12M
NOI $66,987 @ 7.0% cap · market cap 10.72%
Second Best
Apartment 5plus
$881.8K
$771.6K – $1.03M
NOI $61,728 @ 7.0% cap · market cap 9.88%
Theoretical Best
Office A
$2.06M
$1.80M – $2.41M
NOI $144,317 @ 7.0% cap · market cap 23.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
12 ft
Clear height
3
Drive-in doors
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,399
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 Industrial in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Commercially zoned duplex with a detached garage/workshop setup on a main business route in Stroudsburg.
Where is this duplex located?
The property is located at 2115 W Main Street Stroudsburg, PA.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: 1.15‑acre C‑2 zoned property on main Business Route 209 in Stroudsburg; 2,888 SF commercially zoned garage/workshop with three bays, office, half bath, and loading dock; Separate septic serving the garage/workshop
