Duplex with Finished Attic
For Sale
$380,000
16-18 E Main Street, Pen Argyl, PA 18072
MULTI_FAMILY - Other - Pen Argyl, PA
Property Size4,100 SF
Lot Size0.19 Acres
Price / SF$92.68
Days on Market162
Property Features for 16-18 E Main Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
Residential
Bedrooms
4
Full bathrooms
2
Rooms
Bedroom 2, Basement, Bathroom 1, Bedroom 4, Bathroom 2, Bedroom 3, Bedroom 1
Interior features
Eat-in Kitchen
Basement
Dirt Floor, Full, Unfinished
Appliances
Electric Range, Refrigerator, Water Heater
Lot features
Level, Cleared
Elementary school district
Pen Argyl Area
Middle school district
Pen Argyl Area
High school district
Pen Argyl Area
Subdivision
Pen Argyl Borough
Standard status
Active
APN
5665-04-8190-5824
Size
4,100 SF
Lot size
0.19 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
Block: 61 /Lot: 8 /School District: 06-Pen Argyl Area /Fuel Type: Oil
Tax Annual Amount
3272
Legal Description
Block: 61 /Lot: 8 /School District: 06-Pen Argyl Area /Fuel Type: Oil
Utilities
Sewer type
Public Sewer
Heating system
Baseboard, Forced Air, Oil, Electric (Heating)
Cooling system
Ceiling Fan(s), Ductless
Water source
Public
Building Details
Year built
1870
Floors in Building
2
Number of units
2
Flooring type
Carpet, Tile, Vinyl, Linoleum
Building materials
Vinyl Siding
Roof type
Fiberglass, Asphalt
Architectural style
Other
Listing Agency:
Realty Executives - Stroudsburg · Realty Executives International
(570) 977-9731
Listed By:
Deborah Strayer
(570) 476-2424
Added: Feb 25
Changed: Aug 3
Last Checked: Aug 6 at 3:06AM
MLS# PM-139109
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 duplex offers two residential units that are fully rented. Each unit includes two bedrooms and one bathroom, with both units featuring fully finished attic spaces that add flexible, usable living area. Interior features include an eat-in kitchen, and the property has a basement. Flooring includes tile, carpet, vinyl, and linoleum.
The home is built with vinyl siding and features asphalt and fiberglass roofing. Heating options include electric (baseboard and forced air) and oil, with cooling provided by ceiling fan(s) and ductless systems. Appliances listed include an electric range, refrigerator, and water heater. Water is from public source, and sewer is public sewer.
Additional property details include a 0.19-acre lot and a reported 4,100 square feet, with a year built of 1870. Tenants pay all utilities, which can help simplify ongoing operating costs.
The home is built with vinyl siding and features asphalt and fiberglass roofing. Heating options include electric (baseboard and forced air) and oil, with cooling provided by ceiling fan(s) and ductless systems. Appliances listed include an electric range, refrigerator, and water heater. Water is from public source, and sewer is public sewer.
Additional property details include a 0.19-acre lot and a reported 4,100 square feet, with a year built of 1870. Tenants pay all utilities, which can help simplify ongoing operating costs.
Key Highlights
- Two fully rented units with two bedrooms and one bathroom each
- Finished attic spaces included in both units
- Tenants pay all utilities
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 | $41.8k | $10.20 |
| − Vacancy | −$3.1k | −$0.76 |
| EGI | $38.7k | $9.44 |
| − OpEx | −$11.6k | −$2.83 |
| NOI | $27.1k | $6.61 |
4,100 SF · lease $10.20/SF/yr · vacancy 7.41% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$387.2K
$338.8K – $451.8K
NOI $27,105 @ 7.0% cap · market cap 7.13%
Second Best
Apartment 5plus
$356.4K
$311.9K – $415.8K
NOI $24,949 @ 7.0% cap · market cap 6.57%
Theoretical Best
Office A
$777.6K
$680.4K – $907.3K
NOI $54,435 @ 7.0% cap · market cap 14.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
227
Businesses Nearby
Explore this area
Business Placement
Demographics for 18072, PA
6,734
Population
2,779
Households
2.4
Avg Household Size
43
Median Age
23%
College-Educated
87%
High-School Grad
14.9 sq mi
ZIP Area
452
Density / Sq Mi
$79,067
Median Household Income
$41,056
Median Earnings
$1,525
Median Rent
$244,100
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?
Duplex - Duplex with two-bedroom units, finished attic spaces, and tenants paying all utilities.
Where is this duplex located?
The property is located at 16-18 E Main Street Pen Argyl, PA.
What is the asking price?
The asking price for this property is $380,000.
What are key features of this property?
This property features: Two fully rented units with two bedrooms and one bathroom each; Finished attic spaces included in both units; Tenants pay all utilities
