Renovated Quadplex with Flexible
For Sale
$599,400
Pending
101-115 Imperial Dr, East Stroudsburg, PA
Four updated apartments offer modern finishes, private laundry, and adaptable owner-occupant or rental configurations.
Property Size3,520 SF
Days on Market72
Property Features for 101-115 Imperial Dr
General Information
Standard status
Pending
Size
3,520 SF
Taxes and HOA fees
Annual Taxes
$7,835
Amenities
gated community
stainless steel appliances
granite countertops
in-unit washers and dryers
upgraded flooring
soaring ceilings
oversized windows
Building Details
Buildings
1
Tenancy
Multi
Listing Agency:
RGB Real Estate LLC
Listed By:
Robert Brown · License #RM419571
(570) 424-6870
Source:
Exprealty
Added: Jul 8
Changed: Sep 16
Last Checked: Sep 17 at 6:00AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RGB Real Estate LLC
Investment Insights
Based on property information with market context.
This renovated quadplex contains four one-bedroom, one-bath apartments within a 3,520-square-foot building. Each residence includes stainless steel appliances, granite countertops, an in-unit washer and dryer, generous closet space, upgraded flooring, high ceilings, and oversized windows. The property is currently arranged as four separate apartments, with the physical configuration offering flexibility for continued rental use or a combined owner’s residence alongside additional rental units.
Residents have access to a gated community setting at 101-115 Imperial Dr in East Stroudsburg, Pennsylvania. The building is described as clean and well maintained, with the renovation providing updated interiors and reduced maintenance concerns. Showing access requires pre-approval because the apartments are occupied by tenants.
Residents have access to a gated community setting at 101-115 Imperial Dr in East Stroudsburg, Pennsylvania. The building is described as clean and well maintained, with the renovation providing updated interiors and reduced maintenance concerns. Showing access requires pre-approval because the apartments are occupied by tenants.
Key Highlights
- Four one‑bedroom, one‑bath apartments
- 3,520‑square‑foot renovated quadplex
- Stainless steel appliances and granite countertops in each apartment
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
$34,233
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
5.71%
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%
$684,660
$684.7K
Cap Rate 7%
$489,043
$489.0K
Cap Rate 9%
$380,367
$380.4K
Market Conditions
NOI Build-Up for 3,520 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
$50.7K $14.40/SF
− Vacancy
−$1.8K −$0.51/SF
EGI
$48.9K $13.89/SF
− OpEx
−$14.7K −$4.17/SF
NOI
$34.2K $9.73/SF
Area
Monroe County, PA
Vacancy
3.52%
Lease Rate
$14.40 /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%
$684,660
Cap Rate 7%
$489,043
Cap Rate 9%
$380,367
Alternative Uses
Best Use
Multifamily LT 5
$489.0K
$427.9K – $570.6K
NOI $34,233 @ 7.0% cap · market cap 5.71%
Second Best
Apartment 5plus
$450.6K
$394.3K – $525.8K
NOI $31,545 @ 7.0% cap · market cap 5.26%
Theoretical Best
Office A
$1.05M
$921.9K – $1.23M
NOI $73,751 @ 7.0% cap · market cap 12.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,237
Businesses Nearby
Explore this area
Business Placement
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Four updated apartments offer modern finishes, private laundry, and adaptable owner-occupant or rental configurations.
Where is this quadplex located?
The property is located at 101-115 Imperial Dr East Stroudsburg, PA.
What is the asking price?
The asking price for this property is $599,400.
What are key features of this property?
This property features: Four one‑bedroom, one‑bath apartments; 3,520‑square‑foot renovated quadplex; Stainless steel appliances and granite countertops in each apartment
