Side-by-Side
For Sale
$461,000
424-426 N 5th Street, Stroudsburg, PA 18360
Two private-entry units include separate electric metering and tenant-paid utilities.
Property Size2,800 SF
Price / SF$164.64
Days on Market25
Property Features for 424-426 N 5th Street
General Information
Standard status
Active
Size
2,800 SF
Property subtype
Residential Income
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$4,120
Listing Agency:
Nisk Real Estate
(360) 710-0332
Listed By:
Michael Cassidy Rollin
(360) 710-0332
Source:
Exprealty
Added: Jul 24
Changed: Aug 14
Last Checked: Aug 16 at 1:52PM
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 Nisk Real Estate
Investment Insights
Based on property information with market context.
Located at 424-426 N. 5th Street in Stroudsburg, this 2,800-square-foot duplex is arranged as two side-by-side residential units. Each unit provides living areas, a functional layout, and its own private entrance.
Electric service is separately metered for each unit. Tenants pay their own electricity and oil heat, creating a clearly defined utility arrangement for ownership and occupancy. The property can support an owner-occupant arrangement with one unit used as a residence and the other rented, or continued use as a two-unit rental property.
Electric service is separately metered for each unit. Tenants pay their own electricity and oil heat, creating a clearly defined utility arrangement for ownership and occupancy. The property can support an owner-occupant arrangement with one unit used as a residence and the other rented, or continued use as a two-unit rental property.
Key Highlights
- 2,800‑square‑foot side‑by‑side duplex
- Two residential units with private entrances
- Separate electric meters for each unit
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
$27,231
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
5.91%
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%
$544,620
$544.6K
Cap Rate 7%
$389,014
$389.0K
Cap Rate 9%
$302,567
$302.6K
Market Conditions
NOI Build-Up for 2,800 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
$40.3K $14.40/SF
− Vacancy
−$1.4K −$0.51/SF
EGI
$38.9K $13.89/SF
− OpEx
−$11.7K −$4.17/SF
NOI
$27.2K $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%
$544,620
Cap Rate 7%
$389,014
Cap Rate 9%
$302,567
Alternative Uses
Best Use
Multifamily LT 5
$389.0K
$340.4K – $453.9K
NOI $27,231 @ 7.0% cap · market cap 5.91%
Second Best
Apartment 5plus
$358.5K
$313.7K – $418.2K
NOI $25,093 @ 7.0% cap · market cap 5.44%
Theoretical Best
Office A
$838.1K
$733.3K – $977.8K
NOI $58,666 @ 7.0% cap · market cap 12.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,687
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two private-entry units include separate electric metering and tenant-paid utilities.
Where is this duplex located?
The property is located at 424-426 N 5th Street Stroudsburg, PA.
What is the asking price?
The asking price for this property is $461,000.
What are key features of this property?
This property features: 2,800‑square‑foot side‑by‑side duplex; Two residential units with private entrances; Separate electric meters for each unit
