Duplex with Detached
For Sale
$489,000
Pending
305 S Courtland St, East Stroudsburg, PA 18301
Occupied five-bedroom and three-bedroom units sit on a large lot with off-street parking.
Property Size3,806 SF
Days on Market137
Property Features for 305 S Courtland St
General Information
Standard status
Pending
Size
3,806 SF
Property subtype
Residential Income
Occupancy
100%
Units
Unit Mix
1 x 5BR, 1 x 3BR
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$7,692
Listing Agency:
exp Realty, LLC - Philadelphia
(888) 397-7352
Listed By:
Latanya Best
(917) 273-3415
Source:
Exprealty
Added: Jun 2
Changed: Oct 11
Last Checked: Oct 15 at 12:11AM
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 exp Realty, LLC - Philadelphia
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Investment Insights
Based on property information with market context.
This duplex contains two occupied residences, configured as one 5-bedroom unit and one 3-bedroom unit, with 3,806 SF of total property size. The building has received several updates, including a newer roof, replacement windows, and vinyl siding. A detached garage and ample off-street parking add functional support for the property.
Tenants currently occupy both units and are responsible for their own heat, hot water, and electric utilities. The property is positioned on a large lot, combining a two-unit residential layout with additional exterior parking and garage space.
Tenants currently occupy both units and are responsible for their own heat, hot water, and electric utilities. The property is positioned on a large lot, combining a two-unit residential layout with additional exterior parking and garage space.
Key Highlights
- Two occupied units: one 5‑bedroom and one 3‑bedroom residence
- 3,806 SF duplex on a large lot
- Newer roof, replacement windows, and vinyl siding
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,014
Cap Rate
7.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$740,280
$740.3K
Cap Rate 7%
$528,771
$528.8K
Cap Rate 9%
$411,267
$411.3K
Market Conditions
NOI Build-Up for 3,806 SF
Gross rent
$54.8K $14.40/SF
− Vacancy
−$1.9K −$0.51/SF
EGI
$52.9K $13.89/SF
− OpEx
−$15.9K −$4.17/SF
NOI
$37.0K $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%
$740,280
Cap Rate 7%
$528,771
Cap Rate 9%
$411,267
Alternative Uses
Best Use
Multifamily LT 5
$528.8K
$462.7K – $616.9K
NOI $37,014 @ 7.0% cap · market cap 7.57%
Second Best
Apartment 5plus
$487.3K
$426.4K – $568.5K
NOI $34,108 @ 7.0% cap · market cap 6.98%
Theoretical Best
Office A
$1.14M
$996.8K – $1.33M
NOI $79,743 @ 7.0% cap · market cap 16.31%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,588
Businesses Nearby
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Business Placement
Demographics for 18301, PA
29,184
Population
11,125
Households
2.6
Avg Household Size
37
Median Age
34%
College-Educated
89%
High-School Grad
38.1 sq mi
ZIP Area
766
Density / Sq Mi
$90,488
Median Household Income
$40,202
Median Earnings
$1,350
Median Rent
$246,100
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
Frequently Asked Questions
What type of property is this?
Duplex - Occupied five-bedroom and three-bedroom units sit on a large lot with off-street parking.
Where is this duplex located?
The property is located at 305 S Courtland St East Stroudsburg, PA.
What is the asking price?
The asking price for this property is $489,000.
What are key features of this property?
This property features: Two occupied units: one 5‑bedroom and one 3‑bedroom residence; 3,806 SF duplex on a large lot; Newer roof, replacement windows, and vinyl siding
