Renovated Victorian
New
For Sale
$700,000
212 N 7th Street, Stroudsburg, PA 18360
Residential Income, Stroudsburg, PA
Property Size5,500 SF
Lot Size0.20 Acres
Price / SF$127.27
Days on Market2
Property Features for 212 N 7th Street
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning description
Residential
Bedrooms
9
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 7, Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 8, Bedroom 4, Bathroom 1, Basement, Bathroom 4, Bathroom 2, Bedroom 6, Bedroom 5, Bedroom 3, Bedroom 9
Fireplace
1
View
City
Subdivision
Stroudsburg Borough
Standard status
Active
APN
18-2.2.2.14
Size
5,500 SF
Lot size
0.20 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
9157
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Hot Water(Heating), Electric (Heating)
Water source
Public
Building Details
Year built
1902
Floors in Building
4
Number of units
4
Roof type
Shingle, Asphalt
Architectural style
Victorian
Listing Agency:
Investment Real Estate of the Poconos
(570) 972-9588
Listed By:
Jeremiah Noll · License #RM425840
(570) 971-2509
Added: Sep 16
Changed: Sep 17
Last Checked: Sep 17 at 5:06PM
MLS# PM-144799
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 1902 Victorian quadplex contains four apartments totaling 5,500 square feet on a 0.2-acre parcel. The unit mix includes one one-bedroom apartment, two three-bedroom apartments, and one two-bedroom apartment, with four total bathrooms. Three units are walk-up apartments, while the ground-level unit includes one bedroom and one bathroom. An indoor common stairway serves the upper apartments, and one residence has a high-ceiling interior with a stoop entrance from Thomas Street.
All four apartments were renovated within the last 7 years, and the shingle and asphalt roof is 6 years old. The property is fully occupied, with tenants responsible for their own gas and electricity. Off-street parking is available for each unit, and the building is served by public water and public sewer. The property is professionally managed, with the manager willing to continue after a sale. Its Stroudsburg setting is 1 block from the courthouse and 2 blocks from Main Street.
All four apartments were renovated within the last 7 years, and the shingle and asphalt roof is 6 years old. The property is fully occupied, with tenants responsible for their own gas and electricity. Off-street parking is available for each unit, and the building is served by public water and public sewer. The property is professionally managed, with the manager willing to continue after a sale. Its Stroudsburg setting is 1 block from the courthouse and 2 blocks from Main Street.
Key Highlights
- Four‑unit Victorian property built in 1902
- 5,500 square feet on a 0.2‑acre parcel
- Unit mix includes 1 one‑bedroom, 2 three‑bedroom, and 1 two‑bedroom apartments
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
7.64%
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 7.64%
Second Best
Apartment 5plus
$704.1K
$616.1K – $821.5K
NOI $49,289 @ 7.0% cap · market cap 7.04%
Theoretical Best
Office A
$1.65M
$1.44M – $1.92M
NOI $115,236 @ 7.0% cap · market cap 16.46%
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
Check the figures for this property
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 - Fully occupied four-unit property with separate tenant-paid utilities and professionally managed operations.
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 $700,000.
What are key features of this property?
This property features: Four‑unit Victorian property built in 1902; 5,500 square feet on a 0.2‑acre parcel; Unit mix includes 1 one‑bedroom, 2 three‑bedroom, and 1 two‑bedroom apartments
