Oversized Duplex with Two Tenant-Occupied
For Sale
$489,000
305 S Courtland Street, East Stroudsburg, PA 18301
MULTI_FAMILY - East Stroudsburg, PA
Property Size3,806 SF
Lot Size0.26 Acres
Price / SF$128.48
Days on Market91
Property Features for 305 S Courtland Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
Multi-Family
Bedrooms
9
Full bathrooms
2
Rooms
Bathroom 1, Bedroom 7, Bedroom 6, Bedroom 4, Bedroom 1, Bedroom 9, Bedroom 5, Bedroom 3, Bedroom 2, Basement, Bedroom 8, Bathroom 2
Subdivision
East Stroudsburg Borough
Standard status
Active
APN
05-3.1.7.7
Size
3,806 SF
Lot size
0.26 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
303 305 S Courtland St
Tax Annual Amount
7692
Legal Description
303 305 S Courtland St
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Electric (Heating)
Water source
Public
Building Details
Year built
1902
Floors in Building
2
Number of units
2
Building materials
Asphalt, Vinyl Siding
Listing Agency:
exp Realty, LLC - Philadelphia
(888) 397-7352
Listed By:
Latanya Best
(888) 397-7352
Added: Jun 2
Changed: Aug 4
Last Checked: Aug 31 at 2:06AM
MLS# PM-141967
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 oversized duplex features two separate units: one 5-bedroom unit and one 3-bedroom unit. Both units are currently occupied by in-place tenants. The property has seen recent improvements including a newer roof, replacement windows, and vinyl siding, supporting reduced near-term exterior maintenance.
Set on a 0.26-acre lot, the duplex offers ample off-street parking and a detached garage. Utilities are configured so tenants are responsible for their own heat, hot water, and electric, while the home is served by public water and public sewer. Heating is provided via natural gas and electric (heating).
Built in 1902, the property includes a basement and multiple bedrooms and bathrooms distributed across the two units, providing flexibility for rental layouts.
Set on a 0.26-acre lot, the duplex offers ample off-street parking and a detached garage. Utilities are configured so tenants are responsible for their own heat, hot water, and electric, while the home is served by public water and public sewer. Heating is provided via natural gas and electric (heating).
Built in 1902, the property includes a basement and multiple bedrooms and bathrooms distributed across the two units, providing flexibility for rental layouts.
Key Highlights
- 5‑bedroom and 3‑bedroom duplex with both units occupied by in‑place tenants
- Newer roof, replacement windows, and vinyl siding for reduced exterior maintenance
- 0.26‑acre lot with ample off‑street parking plus detached garage
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
$37,014
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
7.57%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,588
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Oversized duplex on a large lot with two tenant-occupied units, recent exterior updates, and off-street parking plus a detached garage.
Where is this duplex located?
The property is located at 305 S Courtland Street 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: 5‑bedroom and 3‑bedroom duplex with both units occupied by in‑place tenants; Newer roof, replacement windows, and vinyl siding for reduced exterior maintenance; 0.26‑acre lot with ample off‑street parking plus detached garage
