Renovated Four-Unit Rental
115 Imperial Drive East Stroudsburg, PA 18302
115 Imperial Drive, East Stroudsburg, PA, 18302
$599,400
For Sale
$599,400
COMMERCIAL - East Stroudsburg, PA
Property Size3,520 SF
Lot Size1.00 Acre
Price / SF$170.28
Days on Market9
Property Features for 115 Imperial Drive
General Information
- Property type
- Commercial Sale
- Property subtype
- Apartment
- Parking
- 12
- Security features
- Security
- 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
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air, Ductless (Heating), Central
- Cooling system
- Ductless, Central Air
- Water source
- Well
Building Details
- Year built
- 1990
- Floors in Building
- 2
- Flooring type
- Tile, Tile - Ceramic, Vinyl, Engineered, Laminate
- Building materials
- Asphalt, Brick, Shake Siding, Stucco, Vinyl Siding
- Roof type
- Fiberglass, Shingle, Asphalt
Listing Agency
RGB Real Estate LLC
(570) 424-6870
507 Seven Bridge Rd, EAST STROUDSBURG, PA
Listed by
Robert Brown
(570) 476-4727
Added: Jul 8 Checked: Jul 16 at 5:06 pm
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 renovated four-unit multifamily property is currently configured as four one-bedroom, one-bath apartments. Each unit includes stainless steel appliances, granite countertops, in-unit washers and dryers, upgraded flooring, generous closet space, and oversized windows. The building is presented in excellent condition following recent renovation.
The property is located at 115 Imperial Drive in East Stroudsburg, Pennsylvania, within a gated community. The listing notes that residents benefit from privacy and security afforded by the community setting.
The seller describes multiple flexible living arrangements, including operating as a four-unit rental while occupying one unit, or combining units to create a larger owner residence while retaining rental income from the remaining apartments. Current rents are described as low, with room for adjustment.
The property is located at 115 Imperial Drive in East Stroudsburg, Pennsylvania, within a gated community. The listing notes that residents benefit from privacy and security afforded by the community setting.
The seller describes multiple flexible living arrangements, including operating as a four-unit rental while occupying one unit, or combining units to create a larger owner residence while retaining rental income from the remaining apartments. Current rents are described as low, with room for adjustment.
Key Highlights
- Four‑unit building configured as four 1‑bedroom, 1‑bath apartments for flexible living or rental income options
- Renovated interiors with stainless steel appliances and granite countertops in each apartment
- In‑unit washers and dryers included in every unit, plus upgraded flooring and oversized windows
Local 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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
LedgerWorx
Accounting Firm
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FAQs
What type of property is this?
Quadplex - Renovated four one-bedroom, one-bath apartments with in-unit washers and dryers, configured as a multifamily income property.
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‑unit building configured as four 1‑bedroom, 1‑bath apartments for flexible living or rental income options; Renovated interiors with stainless steel appliances and granite countertops in each apartment; In‑unit washers and dryers included in every unit, plus upgraded flooring and oversized windows
