Stroudsburg Multifamily Investment
831 MAIN ST, Stroudsburg, PA 18360
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Turnkey 5-unit property with immediate cash flow and upside potential.
Type:Multifamily
Property size:
3,344 SFPrice / SF:
$127/SF- Added:
- May 19, 2026
- Days on Market:
- 14
- Last Refresh:
- May 20 at 5:01 am
Property Features for 831 MAIN ST
General Information
- Standard status
- Active
- Size
- 3,344 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1902
Listing agent Donald Hannig License #PA RM424481
Listing office SER Commercial Real Estate (570) 431-7400
Listing date May 19, 2026
Source Crexi
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
HighLights
- Immediate cash flow with $45,000 gross annual rental income.
- Value‑add opportunity through strategic rent repositioning due to below‑market rents.
- Prime Stroudsburg location along the Main Street corridor, near shopping, dining, healthcare, and employment.
- Strong commuter demand with excellent access to Interstate 80, Route 611, and Route 33.
- Stable in‑place tenancy serving the strong workforce housing rental market in the Pocono region.
- Turnkey 5‑unit multifamily property consisting of studio, 1‑bedroom, and 2‑bedroom units.
Overview
This 5-unit multifamily property is located in Stroudsburg, along the Main Street corridor. The property includes two studio apartments, two 1-bedroom units, and one 2-bedroom unit. It currently generates $45,000 in gross annual rental income with stable in-place tenancy. The property presents a value-add opportunity through strategic rent repositioning, as current rents are below prevailing market levels. The property is near downtown Stroudsburg shopping, dining, healthcare, and employment centers, with access to Interstate 80, Route 611, and Route 33. It benefits from commuter demand and the region's continued rental housing growth. This property is suited for investors seeking a stable income-producing multifamily asset, a value-add repositioning opportunity, or portfolio expansion in a high-demand rental market. The property size is 3,344 square feet.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $56.6k | $16.92 |
| − Vacancy | −$2.1k | −$0.63 |
| EGI | $54.5k | $16.29 |
| − OpEx | −$24.5k | −$7.33 |
| NOI | $30.0k | $8.96 |
3,344 SF · lease $16.92/SF/yr · vacancy 3.70% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$428.1K
$374.6K – $499.5K
NOI $29,968 @ 7.0% cap · market cap 7.05%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.00M
$875.8K – $1.17M
NOI $70,063 @ 7.0% cap · market cap 16.49%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Stroudsburg
- County
- Monroe
- State
- Pennsylvania
- Longitude
- -75.1976764
- Latitude
- 40.9840953
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Turnkey 5-unit property with immediate cash flow and upside potential.
Where is this apartment building located?
The property is located at 831 MAIN ST Stroudsburg, PA.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Immediate cash flow with $45,000 gross annual rental income.; Value‑add opportunity through strategic rent repositioning due to below‑market rents.; Prime Stroudsburg location along the Main Street corridor, near shopping, dining, healthcare, and employment.
