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    Renovated Multi-Unit Investment Opportunity Title is generated by Realmo AI

    36 Main Street, Delaware Water Gap, PA 18327

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    Claim this Listing
    For Sale
    $759,499

    MULTI_FAMILY - Colonial - Delaware Water Gap, PA

    Property size:
    6,336 SF
    Lot size:
    0.25 Acres
    Price / SF:
    $119/SF
    Added:
    Jan 11, 2026
    Days on Market:
    160
    Last Refresh:
    Jun 20 at 4:06 pm

    Property Features for 36 Main Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    VC-2
    Bedrooms
    5
    Bathrooms
    4
    Rooms
    Bedroom 2, Bedroom 4, Bathroom 4, Basement, Bedroom 5, Bathroom 2, Bedroom 3, Bathroom 3, Bedroom 1, Bathroom 1
    Parking
    10
    Patio and Porch features
    Porch
    Interior features
    Eat-in Kitchen, Cathedral Ceiling(s), Open Floorplan, Ceiling Fan(s)
    Basement
    Sump Pump, Partially Finished
    Appliances
    Electric Range, Dishwasher, Microwave
    Standard status
    Active
    APN
    04.2.3.7
    Size
    6,336 SF
    Lot size
    0.25 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    6495

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Electric (Heating), Baseboard
    Cooling system
    Separate Meters, Ductless, Wall/Window Unit(s), Ceiling Fan(s), Window Unit(s)
    Water source
    Public

    Building Details

    Year built
    1902
    Floors in Building
    2
    Number of units
    4
    Flooring type
    Laminate
    Building materials
    Vinyl Siding
    Roof type
    Fiberglass, Asphalt, Shingle
    Architectural style
    Colonial

    We can help!

    Listing Contact
    Kelly Houston

    Listing agent Kelly Houston License #405412

    Listing office Keller Williams Real Estate - Northampton Co 2901 Emrick Blvd. Suite 100, Bethlehem, PA

    Listing date Jan 11, 2026

    MLS# PM-138206 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

    • Fully renovated 4‑unit investment property with three 1‑bedroom units and one 2‑bedroom unit
    • STRs are permitted (long‑term tenants or short‑term rentals allowed)
    • Renovated down to the studs within the past five years with major system updates throughout
    • Updates include roof, plumbing, electrical, HVAC, windows, kitchens, baths, and flooring
    • 1902 colonial‑style building with vinyl siding and asphalt shingle roof (fiberglass/asphalt shingles)
    • Public water and public sewer; electric heating with baseboard heat and ductless/wall/window A/C

    Overview

    This fully renovated 4-unit property is an investment opportunity located in the Borough of Delaware Water Gap. The property features three 1-bedroom units and one 2-bedroom unit, offering income potential through long-term tenants or short-term rentals. STRs are permitted. The property is located steps from downtown shops, restaurants, coffee spots, galleries, and the Appalachian Trail. Outdoor activities such as hiking, biking, and water recreation are easily accessible. Commuters will find the location convenient, as it is less than 3 minutes from Route 80 and a short drive to downtown Stroudsburg. The building, with a property size of 6336 square feet and situated on a 0.25-acre lot, was completely renovated down to the studs within the past five years. Updates include the roof, plumbing, electrical, HVAC, windows, kitchens, baths, and flooring. Contemporary finishes, durable materials, and efficient systems are present throughout. The property is located at 36 Main Street, Delaware Water Gap, PA 18327.

    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 $91.2k $14.40
    − Vacancy −$3.2k −$0.51
    EGI $88.0k $13.89
    − OpEx −$26.4k −$4.17
    NOI $61.6k $9.73
    6,336 SF · lease $14.40/SF/yr · vacancy 3.52% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $880.3K
    $770.2K – $1.03M (±1% cap)
    NOI $61,619 @ 7.0% cap · market cap 8.11%
    Second Best
    Apartment 5plus
    $811.2K
    $709.8K – $946.4K (±1% cap)
    NOI $56,781 @ 7.0% cap · market cap 7.48%
    Theoretical Best
    Office A
    $1.90M
    $1.66M – $2.21M (±1% cap)
    NOI $132,752 @ 7.0% cap · market cap 17.48%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Real Estate Agency Restaurant Law Firm Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Gym & Fitness Center Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Delaware Water Gap
    County
    Monroe
    State
    Pennsylvania
    Longitude
    -75.141932
    Latitude
    40.984014

    FAQs

    What type of property is this?
    Quadplex - Fully renovated 4-unit property near downtown Delaware Water Gap.
    Where is this quadplex located?
    The property is located at 36 Main Street Delaware Water Gap, PA.
    What is the asking price?
    The asking price for this property is $759,499.
    What are key features of this property?
    This property features: Fully renovated 4‑unit investment property with three 1‑bedroom units and one 2‑bedroom unit; STRs are permitted (long‑term tenants or short‑term rentals allowed); Renovated down to the studs within the past five years with major system updates throughout
    More about this property
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