Renovated Four-Unit Apartment
New
For Sale
$750,000
212 N 7th Street, Stroudsburg, PA 18360
Four occupied apartments feature recent renovations, individual utility payments, and established professional management.
Property Size5,500 SF
Days on Market4
Property Features for 212 N 7th Street
General Information
Standard status
Active
Size
5,500 SF
Property subtype
Quadruplex
Occupancy
100%
Units
Unit Mix
1 x 1BR/1BA, 2 x 3BR/1BA, 1 x 2BR/1BA
Multifamily Units
4
Additional Details
Gross Income
$72,000
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$9,156
Building Details
Building Size
5,500 SF
Year Built
1902
Listing Agency:
Investment Real Estate of the Poconos
Listed By:
Jeremiah Noll · License #RM425840
(570) 971-2509
Source:
Dpcomgroup
Added: Sep 17
Changed: Sep 19
Last Checked: Sep 19 at 2:37PM
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 Investment Real Estate of the Poconos
Investment Insights
Based on property information with market context.
This four-unit apartment property, built in 1902, includes a mix of one-, two-, and three-bedroom residences, each with one bathroom. The unit mix includes a ground-level one-bedroom apartment, a three-bedroom residence with high ceilings and a stoop entry, and two walk-up apartments accessed through an indoor common staircase. All four units were renovated within the last 7 years, and the roof is 6 years old. The property is 100% occupied, with tenants paying their own gas and electricity. Residents use online rent payments, and professional management is in place with the manager willing to continue after a sale.
Off-street parking accommodates each unit. The property is served by public water and sewer and sits 1 block from the courthouse and 2 blocks from Main Street, with nearby destinations accessible on foot.
Off-street parking accommodates each unit. The property is served by public water and sewer and sits 1 block from the courthouse and 2 blocks from Main Street, with nearby destinations accessible on foot.
Key Highlights
- Four‑unit property with 100% occupancy
- All four units renovated within the last 7 years
- Roof is 6 years old
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
$53,489
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
7.13%
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%
$1,069,780
$1.1M
Cap Rate 7%
$764,129
$764.1K
Cap Rate 9%
$594,322
$594.3K
Market Conditions
NOI Build-Up for 5,500 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
$79.2K $14.40/SF
− Vacancy
−$2.8K −$0.51/SF
EGI
$76.4K $13.89/SF
− OpEx
−$22.9K −$4.17/SF
NOI
$53.5K $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%
$1,069,780
Cap Rate 7%
$764,129
Cap Rate 9%
$594,322
Alternative Uses
Best Use
Multifamily LT 5
$764.1K
$668.6K – $891.5K
NOI $53,489 @ 7.0% cap · market cap 7.13%
Second Best
Apartment 5plus
$704.1K
$616.1K – $821.5K
NOI $49,289 @ 7.0% cap · market cap 6.57%
Theoretical Best
Office A
$1.65M
$1.44M – $1.92M
NOI $115,236 @ 7.0% cap · market cap 15.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
4
Residential units
100%
Occupancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,655
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Quadplex - Four occupied apartments feature recent renovations, individual utility payments, and established professional management.
Where is this quadplex located?
The property is located at 212 N 7th Street Stroudsburg, PA.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Four‑unit property with 100% occupancy; All four units renovated within the last 7 years; Roof is 6 years old
