Two-Unit Duplex with Metal
For Sale
$350,000
69 Ridgeway St, East Stroudsburg, PA 18301
Two apartments each provide two bedrooms, a full bath, a living room, and a kitchen.
Property Size1,610 SF
Price / SF$217.39
Days on Market9
Property Features for 69 Ridgeway St
General Information
Standard status
Active
Size
1,610 SF
Property subtype
Residential Income
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Additional Details
Furnished
Yes
Taxes and HOA fees
Annual Taxes
$4,509
Listing Agency:
CENTURY 21 Keim - E. Stroudsburg
Listed By:
Jotham Oliver · License #RS350801
(570) 476-1851
Source:
Exprealty
Added: Oct 11
Changed: Oct 15
Last Checked: Oct 16 at 10:29AM
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 CENTURY 21 Keim - E. Stroudsburg
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Investment Insights
Based on property information with market context.
This duplex contains two 805-square-foot apartments, each with two bedrooms, one full bathroom, a living room, and a kitchen. The upper apartment has a replacement kitchen and an upgraded bathroom. A metal roof was installed in 2023.
The property is at 69 Ridgeway St in East Stroudsburg, minutes from East Stroudsburg University, Lehigh Valley Hospital-Pocono, and major shopping centers.
The property is at 69 Ridgeway St in East Stroudsburg, minutes from East Stroudsburg University, Lehigh Valley Hospital-Pocono, and major shopping centers.
Key Highlights
- Two apartments, each with 805 square feet, two bedrooms, and one full bath
- Metal roof installed in 2023
- Upper apartment features a new kitchen and upgraded bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,658
Cap Rate
4.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$313,160
$313.2K
Cap Rate 7%
$223,686
$223.7K
Cap Rate 9%
$173,978
$174.0K
Market Conditions
NOI Build-Up for 1,610 SF
Gross rent
$23.2K $14.40/SF
− Vacancy
−$816 −$0.51/SF
EGI
$22.4K $13.89/SF
− OpEx
−$6.7K −$4.17/SF
NOI
$15.7K $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 Rate 5%
$313,160
Cap Rate 7%
$223,686
Cap Rate 9%
$173,978
Alternative Uses
Best Use
Multifamily LT 5
$223.7K
$195.7K – $261.0K
NOI $15,658 @ 7.0% cap · market cap 4.47%
Second Best
Apartment 5plus
$206.1K
$180.4K – $240.5K
NOI $14,428 @ 7.0% cap · market cap 4.12%
Theoretical Best
Office A
$481.9K
$421.7K – $562.2K
NOI $33,733 @ 7.0% cap · market cap 9.64%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,409
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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two apartments each provide two bedrooms, a full bath, a living room, and a kitchen.
Where is this duplex located?
The property is located at 69 Ridgeway St East Stroudsburg, PA.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Two apartments, each with 805 square feet, two bedrooms, and one full bath; Metal roof installed in 2023; Upper apartment features a new kitchen and upgraded bathroom
