Two-Unit Residential Income
120-122 Leafy Greene Street, Stroudsburg, PA 18360
MULTI_FAMILY - Bungalow - Stroudsburg, PA
Property size:
2,112 SFLot size:
0.30 AcresPrice / SF:
$165/SF- Added:
- Jan 31, 2026
- Days on Market:
- 140
- Last Refresh:
- Jun 20 at 5:06 am
Property Features for 120-122 Leafy Greene Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R2
- Bedrooms
- 5
- Bathrooms
- 3
- Rooms
- Bathroom 3, Bedroom 2, Bathroom 1, Bedroom 4, Bedroom 1, Bathroom 2, Basement, Bedroom 3, Bedroom 5
- 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
- Finished, Daylight, Full
- Appliances
- Electric Oven, Refrigerator, Washer, Dryer
- 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
Utilities
- Sewer type
- Public Sewer
- Heating system
- Oil, Zoned, Hot Water(Heating), Baseboard
- Cooling system
- Zoned, Central Air, Heat Pump
- Water source
- Public
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
- Storage, Mobile Home
Listing agent John 'J.R.' Rutkowsky Jr. License #RS224612L (570) 421-2890
Listing office Keller Williams Real Estate - Stroudsburg 404 Park Avenue, Stroudsburg, PA (570) 421-2890
Listing date Jan 31, 2026
MLS# PM-138599
Listing URL
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.
HighLights
- Main home built in 1949 (bungalow) with brick and vinyl siding, plus a separate 660 SF 2‑bedroom, 1‑bath mobile home apartment
- Flexible bedroom setup: main home has 3 bedrooms with potential for 4, and 2 full bathrooms total across the home and lower level
- Both units are independently serviced by public sewer but share one public water meter
- Main home features eat‑in kitchen with stone counters, walk‑in closet, and fireplace
- Heating and cooling include zoned hot water/baseboard heat plus central A/C and a heat pump
- Outdoor features include front porch, 27x8 screened porch for the apartment, large shed, and a 2‑car carport with 6 extra parking spaces
Overview
This for-sale two-unit residential income property includes a main home and a separate manufactured/mobile home apartment. The main house offers well-appointed living space with a first floor that includes a kitchen, dining area, living room, one bedroom, one full bath, and laundry that was previously a bedroom. The finished lower level adds a spacious family room, two additional bedrooms, a full bath, a storage room (formerly the laundry area), and a utility room. The home is also described as in exceptional condition and features central A/C, a front porch, a large shed, and a 2-car carport with six extra parking spaces. A separate 2-bedroom, 1-bath mobile home apartment is recently occupied and includes a living/dining area and kitchen, plus a 27x8 screened porch and a small shed for additional storage.
The property is located in Stroud Township and is described as centrally located with easy access to Stroudsburg and nearby Route 80. Both units are independently serviced by public sewer, while the two units share one public water meter. The lot is described as 0.3 acres and includes a spacious rear yard.
For tenants, buyers, or operators, the key practical feature is the combination of two independently sewer-serviced living units on one parcel, with shared water service. The configuration supports an owner-occupant or income approach while offering separate apartment living space and multiple outdoor storage options, including sheds and a screened porch for the mobile home unit.
The property is located in Stroud Township and is described as centrally located with easy access to Stroudsburg and nearby Route 80. Both units are independently serviced by public sewer, while the two units share one public water meter. The lot is described as 0.3 acres and includes a spacious rear yard.
For tenants, buyers, or operators, the key practical feature is the combination of two independently sewer-serviced living units on one parcel, with shared water service. The configuration supports an owner-occupant or income approach while offering separate apartment living space and multiple outdoor storage options, including sheds and a screened porch for the mobile home unit.
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 | $30.4k | $14.40 |
| − Vacancy | −$1.1k | −$0.51 |
| EGI | $29.3k | $13.89 |
| − OpEx | −$8.8k | −$4.17 |
| NOI | $20.5k | $9.73 |
2,112 SF · lease $14.40/SF/yr · vacancy 3.52% · expense 30.00%
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 local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Stroudsburg
- County
- Monroe
- State
- Pennsylvania
- Longitude
- -75.218527
- Latitude
- 40.980774
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Move-in ready two-unit setup with a screened porch, central A/C, and shared water services supported by separate sewer connections.
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: Main home built in 1949 (bungalow) with brick and vinyl siding, plus a separate 660 SF 2‑bedroom, 1‑bath mobile home apartment; Flexible bedroom setup: main home has 3 bedrooms with potential for 4, and 2 full bathrooms total across the home and lower level; Both units are independently serviced by public sewer but share one public water meter
