Renovated Four-Unit Income
For Sale
$599,400
115 Imperial Drive #101, East Stroudsburg, PA 18302
Renovated quadplex offers four one-bedroom, one-bath apartments with in-unit washer and dryer hookups.
Property Size3,520 SF
Days on Market28
Property Features for 115 Imperial Drive #101
General Information
Standard status
Active
Size
3,520 SF
Property subtype
Commercial
Additional Details
Multifamily Units
4
Amenities
stainless steel appliances
granite countertops
in-unit washer and dryer
upgraded flooring
soaring ceilings
oversized windows
gated community
Building Details
Building Size
3,520 SF
Year Built
1990
Tenancy
Multi
Listing Agency:
RGB Real Estate LLC
(570) 424-6870
Listed By:
Robert Brown
(570) 424-6870
Source:
Sercommercial
Added: Jul 8
Changed: Jul 28
Last Checked: Aug 3 at 12:08PM
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 is currently configured as four one-bedroom, one-bath apartments. Each unit features modern updates including stainless steel appliances, granite countertops, in-unit washers and dryers, upgraded flooring, generous closet space, soaring ceilings, and oversized windows.
The property is located within a gated community, providing an added layer of privacy and security for residents.
As an income-producing building, it can be operated as a four-unit rental, or adapted by combining units to create a larger residence while retaining rental income from the remaining apartments.
The property is located within a gated community, providing an added layer of privacy and security for residents.
As an income-producing building, it can be operated as a four-unit rental, or adapted by combining units to create a larger residence while retaining rental income from the remaining apartments.
Key Highlights
- 1990‑built renovated quadplex configured as four 1‑bedroom, 1‑bath apartments
- Each unit includes stainless steel appliances, granite countertops, and in‑unit washer and dryer hookups
- Oversized windows, soaring ceilings, and upgraded flooring across the apartments
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 | $50.7k | $14.40 |
| − Vacancy | −$1.8k | −$0.51 |
| EGI | $48.9k | $13.89 |
| − OpEx | −$14.7k | −$4.17 |
| NOI | $34.2k | $9.73 |
3,520 SF · lease $14.40/SF/yr · vacancy 3.52% · expense 30.00%
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
4
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
315
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 - Renovated quadplex offers four one-bedroom, one-bath apartments with in-unit washer and dryer hookups.
Where is this quadplex located?
The property is located at 115 Imperial Drive #101 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: 1990‑built renovated quadplex configured as four 1‑bedroom, 1‑bath apartments; Each unit includes stainless steel appliances, granite countertops, and in‑unit washer and dryer hookups; Oversized windows, soaring ceilings, and upgraded flooring across the apartments
