Renovated Quadplex with Modern
For Sale
$599,400
115 Imperial Drive, East Stroudsburg, PA 18302
Commercial Sale, East Stroudsburg, PA
Property Size3,520 SF
Lot Size1.00 Acre
Price / SF$170.28
Days on Market55
Property Features for 115 Imperial Drive
General Information
Property type
Commercial Sale
Property subtype
Apartment
Zoning description
Residential
Parking
12
Security features
Security
Subdivision
Summer Glen Of The Poconos
Lot features
Near Golf Course
Elementary school district
East Stroudsburg Area
Middle school district
East Stroudsburg Area
High school district
East Stroudsburg Area
Standard status
Active
APN
09.96994
Size
3,520 SF
Lot size
1.00 Acre
Taxes and HOA fees
Tax Year
2025
Tax Description
Lot 6
Tax Annual Amount
7836
Legal Description
Lot 6
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Ductless (Heating), Central
Cooling system
Ductless, Central Air
Water source
Well
Amenities
gated community
in-unit washer/dryer
Building Details
Year built
1990
Floors in Building
2
Flooring type
Engineered, Tile - Ceramic, Vinyl, Laminate, Tile
Building materials
Asphalt, Brick, Shake Siding, Stucco, Vinyl Siding
Roof type
Asphalt, Shingle, Fiberglass
Listing Agency:
RGB Real Estate LLC
(570) 424-6870
Listed By:
Robert Brown · License #RM419571
(570) 476-4727
Added: Jul 8
Changed: Aug 19
Last Checked: Aug 31 at 4:06AM
MLS# PM-143051
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 quadplex contains four one-bedroom, one-bath apartments within a 3520-square-foot building on 1 acre. A recent renovation introduced stainless steel appliances, granite countertops, in-unit washers and dryers, upgraded flooring, generous closet space, high ceilings, and oversized windows. The property includes engineered, ceramic tile, vinyl, laminate, and tile flooring, along with forced-air, ductless, and central heating and cooling systems.
The building is located in a gated community at 115 Imperial Drive in East Stroudsburg, Pennsylvania. Water is supplied by a well, and the property is connected to public sewer. Built in 1990, the asset can continue operating in its current four-apartment configuration or support an owner-occupant arrangement with rental units retained.
The building is located in a gated community at 115 Imperial Drive in East Stroudsburg, Pennsylvania. Water is supplied by a well, and the property is connected to public sewer. Built in 1990, the asset can continue operating in its current four-apartment configuration or support an owner-occupant arrangement with rental units retained.
Key Highlights
- Four one‑bedroom, one‑bath apartments in a quadplex configuration
- 3520 square feet on 1 acre
- Recent renovation with granite countertops and stainless steel appliances
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
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
138
Businesses Nearby
Explore this area
Business Placement
Demographics for 18302, PA
17,685
Population
8,089
Households
2.2
Avg Household Size
43
Median Age
23%
College-Educated
92%
High-School Grad
62.4 sq mi
ZIP Area
283
Density / Sq Mi
$87,044
Median Household Income
$36,807
Median Earnings
$1,238
Median Rent
$219,400
Median Home Value
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 one-bedroom, one-bath residences offer stainless steel appliances, in-unit laundry, and updated interior finishes.
Where is this quadplex located?
The property is located at 115 Imperial Drive 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 in a quadplex configuration; 3520 square feet on 1 acre; Recent renovation with granite countertops and stainless steel appliances
