Two-Unit Residential
For Sale
$349,356
120-122 Leafy Greene Street, Stroudsburg, PA 18360
Residential Income, Stroudsburg, PA
Property Size2,112 SF
Lot Size0.30 Acres
Price / SF$165.41
Days on Market217
Property Features for 120-122 Leafy Greene Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R2
Zoning description
Residential
Bedrooms
5
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 5, Bathroom 1, Bedroom 4, Bedroom 3, Bedroom 1, Bathroom 3, Basement, Bedroom 2, Bathroom 2
Parking
8
Patio and Porch features
Porch
Interior features
Eat-in Kitchen, Stone Counters, Walk-In Closet(s), Ceiling Fan(s), Natural Woodwork, Storage
Exterior features
Storage
Fireplace
1
Basement
Daylight, Finished, Full
Appliances
Electric Oven, Refrigerator, Washer, Dryer
Lot features
Level, Back Yard
Subdivision
Stroud Township
Standard status
Active
APN
17.12.7.57
Size
2,112 SF
Lot size
0.30 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Lots 37 & 38
Tax Annual Amount
5597
Legal Description
Lots 37 & 38
Utilities
Sewer type
Public Sewer
Heating system
Zoned, Baseboard, Oil, Hot Water(Heating)
Cooling system
Zoned, Central Air, Heat Pump
Water source
Public
Amenities
central A/C
front porch
large shed
screened porch
small shed
Building Details
Year built
1949
Floors in Building
1
Number of units
2
Flooring type
Tile - Ceramic, Carpet, Laminate
Building materials
Brick, Vinyl Siding
Roof type
Shingle, Metal
Architectural style
Bungalow
Additional Structures
Mobile Home, Storage
Listing Agency:
Keller Williams Real Estate - Stroudsburg · Keller Williams Realty
(570) 421-2890
Listed By:
John 'J.R.' Rutkowsky Jr. · License #RS224612L
(570) 350-9360
Added: Jan 31
Changed: Sep 4
Last Checked: Sep 5 at 4:06AM
MLS# PM-138599
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 R2-zoned two-unit property combines a 3-bedroom primary residence, with potential for a fourth bedroom, and a separate 660-square-foot, 2-bedroom mobile home apartment. The main house includes a kitchen, dining area, living room, laundry, two full bathrooms, a finished lower level, family room, storage, utility space, central air conditioning, and a front porch. The apartment has a living and dining area, kitchen, one bathroom, and a 27-by-8 screened porch. Both units have public sewer service and share one public water meter.
The 0.3-acre parcel includes a spacious rear yard, large shed, small apartment shed, 2-car carport, and 6 additional parking spaces. Built in 1949, the property features brick and vinyl siding, public water, shingle and metal roofing, and a mix of baseboard and hot-water heating. The property is located in Stroudsburg, with access to nearby Route 80.
The 0.3-acre parcel includes a spacious rear yard, large shed, small apartment shed, 2-car carport, and 6 additional parking spaces. Built in 1949, the property features brick and vinyl siding, public water, shingle and metal roofing, and a mix of baseboard and hot-water heating. The property is located in Stroudsburg, with access to nearby Route 80.
Key Highlights
- R2 zoning on a 0.3‑acre parcel
- Primary home with 3 bedrooms, potential fourth bedroom, and 2 full bathrooms
- Separate 660 SqFt mobile home apartment with 2 bedrooms and 1 bath
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
$20,540
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
5.88%
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%
$410,800
$410.8K
Cap Rate 7%
$293,429
$293.4K
Cap Rate 9%
$228,222
$228.2K
Market Conditions
NOI Build-Up for 2,112 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
$30.4K $14.40/SF
− Vacancy
−$1.1K −$0.51/SF
EGI
$29.3K $13.89/SF
− OpEx
−$8.8K −$4.17/SF
NOI
$20.5K $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%
$410,800
Cap Rate 7%
$293,429
Cap Rate 9%
$228,222
Alternative Uses
Best Use
Multifamily LT 5
$293.4K
$256.8K – $342.3K
NOI $20,540 @ 7.0% cap · market cap 5.88%
Second Best
Apartment 5plus
$270.4K
$236.6K – $315.5K
NOI $18,927 @ 7.0% cap · market cap 5.42%
Theoretical Best
Office A
$632.2K
$553.1K – $737.5K
NOI $44,251 @ 7.0% cap · market cap 12.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
283
Businesses Nearby
Explore this area
Business Placement
Demographics for 18360, PA
29,079
Population
12,743
Households
2.3
Avg Household Size
45
Median Age
32%
College-Educated
91%
High-School Grad
86.5 sq mi
ZIP Area
336
Density / Sq Mi
$69,413
Median Household Income
$41,592
Median Earnings
$1,314
Median Rent
$286,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - R2-zoned property with a primary residence and separate apartment, public utilities, parking, and storage improvements.
Where is this duplex located?
The property is located at 120-122 Leafy Greene Street Stroudsburg, PA.
What is the asking price?
The asking price for this property is $349,356.
What are key features of this property?
This property features: R2 zoning on a 0.3‑acre parcel; Primary home with 3 bedrooms, potential fourth bedroom, and 2 full bathrooms; Separate 660 SqFt mobile home apartment with 2 bedrooms and 1 bath
