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Three-Building Apartment Property
New
For Sale
$624,900

403 405 40 Main Street, Stroudsburg, PA 18360

Updated rental apartments with off-street parking and transit access near shopping, a college, and a hospital.

Property Size7,143 SF
Days on Market5

Property Features for 403 405 40 Main Street

General Information

Standard status Active
Size 7,143 SF
Property subtype Apartment

Taxes and HOA fees

Annual Taxes $29,021

Building Details

Building Size 7,143 SF
Year Built 1902
Listing Agency: Wilkins & Associates Real Estate, Inc.
Listed By: James J Martin · License #RS298784
Source: Dpcomgroup
Added: Aug 7 Changed: Aug 10 Last Checked: Aug 11 at 4:41AM

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 Wilkins & Associates Real Estate, Inc.

Investment Insights

Based on property information with market context.

This multifamily property comprises three buildings containing 10 rental apartments, with all units currently rented. The improvements date to 1902 and include a newer roof, along with heating furnaces and water heaters installed in 2017. Apartment updates include interior painting, flooring in some units, and improvements to kitchens and bathrooms.

Off-street parking serves the buildings, and a bus stop is located in front of the property. Shopping, ESU, and a hospital are within walking distance. The property is located at 403,405,40 Main Street in Stroudsburg, Pennsylvania.

Key Highlights

  • Three buildings with 10 rental apartment units
  • All 10 units are rented
  • Heating furnaces and water heaters installed in 2017

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Locksmith Furniture & Home Goods Veterinary Clinic Pet Grooming Service Butcher Florist

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,649
Businesses Nearby

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

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Updated rental apartments with off-street parking and transit access near shopping, a college, and a hospital.
Where is this apartment building located?
The property is located at 403 405 40 Main Street Stroudsburg, PA.
What is the asking price?
The asking price for this property is $624,900.
What are key features of this property?
This property features: Three buildings with 10 rental apartment units; All 10 units are rented; Heating furnaces and water heaters installed in 2017
More about this property
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