Remodeled Two-Unit
428 King Street East Stroudsburg, PA 18301
For Sale
$349,900
MULTI_FAMILY - Contemporary - East Stroudsburg, PA
Property Size2,219 SF
Lot Size0.15 Acres
Price / SF$157.68
Days on Market72
Property Features for 428 King Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bedroom 3, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 4, Basement, Bathroom 1
- Patio and Porch features
- Porch
- Interior features
- Eat-in Kitchen, Walk-In Closet(s), In-Law Floorplan
- Exterior features
- Private Entrance, Private Yard
- Basement
- Full, Dirt Floor
- Appliances
- Electric Cooktop, Self Cleaning Oven, Water Heater
- Standard status
- Active
- APN
- 05-5.1.1.7-3
- Size
- 2,219 SF
- Lot size
- 0.15 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 5600
Utilities
- Utilities
- Natural Gas Available
- Sewer type
- Public Sewer
- Heating system
- Natural Gas, Forced Air
- Water source
- Public
Building Details
- Year built
- 1907
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Laminate, Vinyl
- Building materials
- Aluminum Siding
- Roof type
- Shingle, Asphalt
- Architectural style
- Contemporary
Listing Agency:
WEICHERT Realtors Acclaim - Tannersville
(570) 629-6100
Listed By:
April Rose Ace
(570) 629-6100
Added: May 13
Changed: Jul 23
Last Checked: Jul 23 at 2:06PM
MLS# PM-141235
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 remodeled two-unit duplex is configured for flexible living and rental use. One side features three bedrooms, one full bathroom, plus a basement and attic space for additional storage. The second unit includes a private entrance, one bedroom, and one full bathroom, suited for guests, in-laws, or rental income. Updates include new windows throughout both units, new doors, refreshed bathroom fixtures, modernized electrical and lighting, and fresh interior paint.
The property is located in East Stroudsburg, PA, with convenience to shopping, colleges, and major commuter routes, including Route 80. The home sits on a 0.15-acre lot and includes an additional lot that has a walk-in shed, adding outdoor storage and utility.
For owner-occupants, the layout supports living in one unit while using the other for additional income or family space. For investors, the duplex configuration provides two separate residential units with independent entrances and dedicated bathroom facilities. The included storage options, along with the large parking area for cars, add day-to-day practicality for tenants and residents.
The property is located in East Stroudsburg, PA, with convenience to shopping, colleges, and major commuter routes, including Route 80. The home sits on a 0.15-acre lot and includes an additional lot that has a walk-in shed, adding outdoor storage and utility.
For owner-occupants, the layout supports living in one unit while using the other for additional income or family space. For investors, the duplex configuration provides two separate residential units with independent entrances and dedicated bathroom facilities. The included storage options, along with the large parking area for cars, add day-to-day practicality for tenants and residents.
Key Highlights
- Remodeled two‑unit property with potential for investment, mother/daughter living, or conversion back to a single‑family home
- Front unit: 3 bedrooms, 1 full bath, plus basement and attic space for additional storage
- Second unit: private entrance, 1 bedroom, and 1 full bath—suited for guests, in‑laws, or rental income
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 | $32.0k | $14.40 |
| − Vacancy | −$1.1k | −$0.51 |
| EGI | $30.8k | $13.89 |
| − OpEx | −$9.2k | −$4.17 |
| NOI | $21.6k | $9.73 |
2,219 SF · lease $14.40/SF/yr · vacancy 3.52% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$308.3K
$269.8K – $359.7K
NOI $21,580 @ 7.0% cap · market cap 6.17%
Second Best
Apartment 5plus
$284.1K
$248.6K – $331.4K
NOI $19,886 @ 7.0% cap · market cap 5.68%
Theoretical Best
Office A
$664.2K
$581.2K – $774.9K
NOI $46,492 @ 7.0% cap · market cap 13.29%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Two separate units with updated interiors, private entry, and ample parking for income, guests, or multi-generational living.
Where is this duplex located?
The property is located at 428 King Street East Stroudsburg, PA.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: Remodeled two‑unit property with potential for investment, mother/daughter living, or conversion back to a single‑family home; Front unit: 3 bedrooms, 1 full bath, plus basement and attic space for additional storage; Second unit: private entrance, 1 bedroom, and 1 full bath—suited for guests, in‑laws, or rental income
