Renovated Quadplex with Modern
For Sale
$599,400
115 Imperial Dr Unit 101, East Stroudsburg, PA 18302
Four one-bedroom, one-bath apartments offer updated interiors, in-unit laundry, and stainless steel appliances.
Property Size3,520 SF
Price / SF$170.28
Days on Market74
Property Features for 115 Imperial Dr Unit 101
General Information
Standard status
Active
Size
3,520 SF
Property subtype
Multi-Family
Units
Unit Mix
4 x 1BR/1BA
Multifamily Units
4
Amenities
in-unit washer/dryer
gated community
Building Details
Year Built
1990
Buildings
1
Listing Agency:
RGB Real Estate LLC
(570) 476-4727
Listed By:
Robert Brown · License #RM419571
Source:
Poconohomessearch
Added: Jun 20
Changed: Aug 31
Last Checked: Sep 1 at 7:53PM
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 3,520-square-foot quadplex, built in 1990, contains four one-bedroom, one-bath apartments. The property has been renovated with granite countertops, stainless steel appliances, upgraded flooring, generous closet space, and in-unit washers and dryers. Oversized windows and high ceilings add natural light and volume to the living areas.
The building is situated within a gated community in East Stroudsburg, Pennsylvania. Its four-apartment configuration supports continued multifamily operation, while the layout also accommodates an owner-occupant who lives in one unit and rents the remaining apartments. Additional features include modern finishes and a clean, well-maintained presentation.
The building is situated within a gated community in East Stroudsburg, Pennsylvania. Its four-apartment configuration supports continued multifamily operation, while the layout also accommodates an owner-occupant who lives in one unit and rents the remaining apartments. Additional features include modern finishes and a clean, well-maintained presentation.
Key Highlights
- 3,520 SF quadplex with four one‑bedroom, one‑bath apartments
- Renovated interiors with granite countertops and stainless steel appliances
- Each apartment includes an in‑unit washer and dryer
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
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 - Four one-bedroom, one-bath apartments offer updated interiors, in-unit laundry, and stainless steel appliances.
Where is this quadplex located?
The property is located at 115 Imperial Dr Unit 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: 3,520 SF quadplex with four one‑bedroom, one‑bath apartments; Renovated interiors with granite countertops and stainless steel appliances; Each apartment includes an in‑unit washer and dryer
