5-Unit Mixed-Use
New
For Sale
$950,000
516 Main Street, Stroudsburg, PA 18360
Brick construction pairs street-level retail space with apartments above.
Property Size4,768 SF
Days on Market7
Property Features for 516 Main Street
General Information
Standard status
Active
Size
4,768 SF
Property subtype
Mixed Use
Occupancy
100%
Units
Unit Mix
2 x 4BR, 1 x 1BR
Multifamily Units
3
Additional Details
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$17,383
Building Details
Building Size
4,768 SF
Year Built
1902
Buildings
1
Construction
brick
Tenancy
Multi
Listing Agency:
SER Commercial Real Estate, LLC
Listed By:
Brian K Coyne · License #AB068391
(570) 350-3106
Source:
Dpcomgroup
Added: Sep 30
Changed: Oct 3
Last Checked: Oct 5 at 2:58PM
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 SER Commercial Real Estate, LLC
Investment Insights
Based on property information with market context.
Built in 1902, this brick mixed-use property has two commercial storefronts at street level and three apartments on the upper floors. The residential mix includes two four-bedroom units and one one-bedroom unit. All five units are currently rented.
The property is next to the Sherman Theater and within walking distance of Main Street businesses and restaurants.
The property is next to the Sherman Theater and within walking distance of Main Street businesses and restaurants.
Key Highlights
- Five units: two commercial storefronts and three apartments
- Two apartments have 4 bedrooms; the third has 1 bedroom
- All units are currently rented
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$56,644
Cap Rate
5.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,132,880
$1.1M
Cap Rate 7%
$809,200
$809.2K
Cap Rate 9%
$629,378
$629.4K
Market Conditions
NOI Build-Up for 4,768 SF
Gross rent
$103.0K $21.60/SF
− Vacancy
−$12.4K −$2.59/SF
EGI
$90.6K $19.01/SF
− OpEx
−$34.0K −$7.13/SF
NOI
$56.6K $11.88/SF
Area
Monroe County, PA
Vacancy
12.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,132,880
Cap Rate 7%
$809,200
Cap Rate 9%
$629,378
Alternative Uses
Best Use
Mixed Use
$809.2K
$708.1K – $944.1K
NOI $56,644 @ 7.0% cap · market cap 5.96%
Second Best
Retail
$768.1K
$672.1K – $896.2K
NOI $53,769 @ 7.0% cap · market cap 5.66%
Theoretical Best
Office A
$1.43M
$1.25M – $1.66M
NOI $99,899 @ 7.0% cap · market cap 10.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
3
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Paved road access
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
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?
Mixed-use property - Brick construction pairs street-level retail space with apartments above.
Where is this mixed-use property located?
The property is located at 516 Main Street Stroudsburg, PA.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Five units: two commercial storefronts and three apartments; Two apartments have 4 bedrooms; the third has 1 bedroom; All units are currently rented
