Stroudsburg Multifamily Investment
831 Main Street, Stroudsburg, PA 18360
- Added:
- May 8, 2026
- Days on Market:
- 25
- Last Refresh:
- Jun 1 at 1:06 pm
Property Features for 831 Main Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Rooms
- Bathroom 3, Bathroom 1, Bathroom 5, Bedroom 3, Bedroom 5, Bedroom 4, Bedroom 2, Bedroom 6, Bedroom 1, Bathroom 2, Bathroom 4
- Standard status
- Pending
- APN
- 18-4.1.4.1
- Size
- 3,344 SF
- Lot size
- 0.05 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 12313
Utilities
- Sewer type
- Public Sewer
- Water source
- Public
Building Details
- Year built
- 1902
- Floors in Building
- 2
- Number of units
- 5
Listing agent Donald S Hannig License #RM424481 (570) 431-7400
Listing office SER Commercial Real Estate, LLC 215 Independence Rd, East Stroudsburg, PA (570) 431-7400
Listing date May 8, 2026
MLS# PM-141396
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
- Immediate cash flow with $45,000 in gross annual rental income from 5 units.
- Value‑add opportunity through strategic rent repositioning due to below‑market rents.
- Prime Stroudsburg location along the Main Street corridor, near downtown amenities.
- Strong workforce housing rental market in the Pocono region ensures consistent demand.
- Excellent access to Interstate 80, Route 611, and Route 33 for convenient commuting.
- Mix of unit types (studio, 1‑bedroom, and 2‑bedroom) caters to a diverse tenant base.
Overview
This 5-unit multifamily investment property is located in Stroudsburg. Situated along the Main Street corridor, the property consists of two studio apartments, two 1-bedroom units, and one 2-bedroom unit. The property serves the workforce housing rental market in the Pocono region. The property generates $45,000 in gross annual rental income with tenancy in place. There is potential for increased net operating income and long-term appreciation through strategic rent repositioning, as current rents are below prevailing market levels. The property is located near downtown Stroudsburg shopping, dining, healthcare, and employment centers, with access to Interstate 80, Route 611, and Route 33. The property benefits from commuter demand and the region's rental housing growth. The property is a stable income-producing multifamily asset with a value-add repositioning opportunity. It is suited for portfolio expansion in a high-demand rental market or as a 1031 exchange replacement property. The lot size is 0.05 acres and the property size is 3344 square feet.
Local Financial Insights For Apartment 5plus
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 | $56.6k | $16.92 |
| − Vacancy | −$2.1k | −$0.63 |
| EGI | $54.5k | $16.29 |
| − OpEx | −$24.5k | −$7.33 |
| NOI | $30.0k | $8.96 |
3,344 SF · lease $16.92/SF/yr · vacancy 3.70% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$428.1K
$374.6K – $499.5K
NOI $29,968 @ 7.0% cap · market cap 7.05%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.00M
$875.8K – $1.17M
NOI $70,063 @ 7.0% cap · market cap 16.49%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Stroudsburg
- County
- Monroe
- State
- Pennsylvania
- Longitude
- -75.197546
- Latitude
- 40.984115
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Turnkey 5-unit multifamily property in prime Stroudsburg location.
Where is this apartment building located?
The property is located at 831 Main Street Stroudsburg, PA.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Immediate cash flow with $45,000 in gross annual rental income from 5 units.; Value‑add opportunity through strategic rent repositioning due to below‑market rents.; Prime Stroudsburg location along the Main Street corridor, near downtown amenities.
