Renovated Four-Unit Apartment
For Sale
$770,000
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 Market49
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: Oct 31
Last Checked: Nov 3 at 3:01AM
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
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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 / Yr
$53,489
Cap Rate
6.95%
Suggested Prices Based on Cap Rates
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
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 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 6.95%
Second Best
Apartment 5plus
$704.1K
$616.1K – $821.5K
NOI $49,289 @ 7.0% cap · market cap 6.40%
Theoretical Best
Office A
$1.65M
$1.44M – $1.92M
NOI $115,236 @ 7.0% cap · market cap 14.97%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
4
Residential units
100%
Occupancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,655
Businesses Nearby
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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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Market
Vacancy Rate% for Multifamily in Northeast region
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 $770,000.
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
