5-Unit Apartment
For Sale
$750,000
437 N Courtland Street, East Stroudsburg, PA 18301
Residential Income, East Stroudsburg, PA
Property Size5,214 SF
Lot Size0.18 Acres
Price / SF$143.84
Days on Market149
Property Features for 437 N Courtland Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
Multi-Family
Bedrooms
9
Full bathrooms
5
Rooms
Bedroom 7, Bathroom 3, Bedroom 3, Bathroom 5, Bedroom 4, Bedroom 9, Bedroom 1, Bathroom 1, Bathroom 4, Bedroom 6, Bedroom 8, Bathroom 2, Bedroom 5, Basement, Bedroom 2
Subdivision
East Stroudsburg Borough
Standard status
Active
APN
05-6.2.2.22
Size
5,214 SF
Lot size
0.18 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
437 N Courtland St
Tax Annual Amount
11456
Legal Description
437 N Courtland St
Building Details
Year built
1902
Floors in Building
2
Number of units
5
Listing Agency:
Coldwell Banker Pennco Real Estate · Coldwell Banker Real Estate
(570) 476-9501
Listed By:
Christopher A Bilianis · License #RS354574
(570) 620-8999
Added: May 1
Changed: Sep 14
Last Checked: Sep 26 at 5:06PM
MLS# PM-141180
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 5,214-square-foot apartment building contains five residential units in a one-, two-, and three-bedroom mix: one 3-bedroom apartment, two 2-bedroom apartments, and two 1-bedroom apartments. Built in 1902, the property is fully occupied and situated on a 0.18-acre lot.
Located at 437 N Courtland Street in East Stroudsburg, the property is close to major highways, public transportation, local schools, grocery stores, and city amenities. The unit configuration provides a range of residential layouts within a single multifamily asset.
Located at 437 N Courtland Street in East Stroudsburg, the property is close to major highways, public transportation, local schools, grocery stores, and city amenities. The unit configuration provides a range of residential layouts within a single multifamily asset.
Key Highlights
- Five‑unit apartment building with one 3‑bedroom, two 2‑bedroom, and two 1‑bedroom units
- 5,214 square feet on a 0.18‑acre lot
- Fully occupied residential property
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
$46,726
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
6.23%
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%
$934,520
$934.5K
Cap Rate 7%
$667,514
$667.5K
Cap Rate 9%
$519,178
$519.2K
Market Conditions
NOI Build-Up for 5,214 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
$88.2K $16.92/SF
− Vacancy
−$3.3K −$0.63/SF
EGI
$85.0K $16.29/SF
− OpEx
−$38.2K −$7.33/SF
NOI
$46.7K $8.96/SF
Area
Monroe County, PA
Vacancy
3.70%
Lease Rate
$16.92 /SF/Yr
Expense Ratio
45.00%
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%
$934,520
Cap Rate 7%
$667,514
Cap Rate 9%
$519,178
Alternative Uses
Best Use
Apartment 5plus
$667.5K
$584.1K – $778.8K
NOI $46,726 @ 7.0% cap · market cap 6.23%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.56M
$1.37M – $1.82M
NOI $109,244 @ 7.0% cap · market cap 14.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
5
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
336
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Apartment building - Fully occupied property offers a mix of one-, two-, and three-bedroom apartments near transportation, schools, and daily services.
Where is this apartment building located?
The property is located at 437 N Courtland Street East Stroudsburg, PA.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Five‑unit apartment building with one 3‑bedroom, two 2‑bedroom, and two 1‑bedroom units; 5,214 square feet on a 0.18‑acre lot; Fully occupied residential property
