Your search results

120 Ridgeway Street, East Stroudsburg, PA 18301

$494,000
Property Type: Residential Income Square Footage: 2,841 Lot Size (sq. ft.): 12,284 Status: Active
Current Price: $494,000 List Date: 10/15/2025 Last Modified: 1/06/2026

Description

Every so often, an investment comes along that's more than numbers on a page — it's opportunity built into brick and mortar. 120 Ridgeway Street is exactly that: a well-positioned multifamily property in East Stroudsburg, located just minutes from the university. From the street, the property presents as a classic multi-unit residence — solid, established, and practical. But step closer, and you'll see where the real potential lies. The sale includes both the front building and the back lot (05-1/2/313 & 05-1/2/3/24), which is currently being used as parking — an increasingly valuable commodity in this part of town. Parking isn't just convenience here; it's leverage. Inside, you'll find a finished basement and a walk-up attic — both offering the kind of space investors love to unlock. Whether used for additional storage, laundry, or with proper approvals, potentially expanded living space, the flexibility here creates room for imagination — and income. And then there's the two-car garage, another underutilized asset that can generate additional revenue through rental or storage. With the right strategy, these spaces can transform this already-performing property into a true cash-flow engine. Located within walking distance of East Stroudsburg University, this property benefits from consistent rental demand year after year. The tenant base renews naturally with the school cycle, and the proximity to downtown, Route 80, and local amenities keeps occupancy strong. Each unit has separate meters and tenants pay their own utility bills. If you're looking for an investment that performs now and has the potential to perform even better tomorrow, 120 Ridgeway Street checks every box — location, existing income, and built-in upside.

More Information MLS# PM-136531

Contract Information

Listing Service: Full Service Property Sub Type: Multi Family List Price: $494,000 Current Price: $494,000 Status: Active Listing Contract Date: 2025-10-15

Location, Tax, and Legal

Parcel Number: 05-1/2/3/13 Municipality: East Stroudsburg Borough County Tax Amount: 2842 Municipal Tax Amount: 1052 School Tax Amount: 2933 Tax Annual Amount: 5988.9 Tax Assessed Value: 132210 Tax Book Number: 05730120927250 Zoning Description: Multi-Family Land Lease YN: No

General Property Information

Above Grade Finished Area: 2841 Below Grade Finished Area: 0 Living Area: 2841 Building Area Source: Measured Stories: 2 Number Of Buildings: 1 Year Built Source: Estimated Fireplace YN: No Green Features YN: No Units Furnished: None Basement YN: Yes Pool Private YN: No Garage YN: Yes Attached Garage YN: Yes Garage Spaces: 2 Carport YN: No Open Parking YN: No Lot Size Acres: 0.282 Water Body Access YN: No Association YN: No List Price/SqFt: 173.88 Building Area Total: 2841 Year Built: 1925

Currently Not Used

Number Of Units Total: 2

Remarks and Miscellaneous

Public Remarks: Every so often, an investment comes along that's more than numbers on a page — it's opportunity built into brick and mortar. 120 Ridgeway Street is exactly that: a well-positioned multifamily property in East Stroudsburg, located just minutes from the university. From the street, the property presents as a classic multi-unit residence — solid, established, and practical. But step closer, and you'll see where the real potential lies. The sale includes both the front building and the back lot (05-1/2/313 & 05-1/2/3/24), which is currently being used as parking — an increasingly valuable commodity in this part of town. Parking isn't just convenience here; it's leverage. Inside, you'll find a finished basement and a walk-up attic — both offering the kind of space investors love to unlock. Whether used for additional storage, laundry, or with proper approvals, potentially expanded living space, the flexibility here creates room for imagination — and income. And then there's the two-car garage, another underutilized asset that can generate additional revenue through rental or storage. With the right strategy, these spaces can transform this already-performing property into a true cash-flow engine. Located within walking distance of East Stroudsburg University, this property benefits from consistent rental demand year after year. The tenant base renews naturally with the school cycle, and the proximity to downtown, Route 80, and local amenities keeps occupancy strong. Each unit has separate meters and tenants pay their own utility bills. If you're looking for an investment that performs now and has the potential to perform even better tomorrow, 120 Ridgeway Street checks every box — location, existing income, and built-in upside.

Unit Details

3 Bedroom: 1 4 Bedroom: 1

Income and Expenses

Gross Income: 37800 Gross Scheduled Income: 37800 Total Actual Rent: 37800 Insurance Expense: 1000 New Taxes Expense: 5988.93

Special Listing Conditions

Standard: 1

Listing Terms

Cash: 1 Conventional: 1 FHA: 1 VA Loan: 1 1031 Exchange: 1

Owner Pays

Insurance: 1 Taxes: 1 Repairs: 1

Tenant Pays

All Utilities: 1 Electricity: 1 Gas: 1 Water: 1 Hot Water: 1 Sewer: 1 Pest Control: 1 Snow Removal: 1 Trash Collection: 1

Income Includes

Rent Only: 1

Operating Expense Includes

New Tax: 1 Insurance: 1

Financial Data Source

Owner: 1

Oil, Gas and Mineral Rights

Oil Rights Reserved: None Gas Rights Reserved: None Mineral Rights Reserved: None Other Rights Reserved: None

Possession

Negotiable: 1 Subject To Tenant Rights: 1

Common Walls

1 Common Wall: 1

Current Use

Residential: 1 Investment: 1

Architectural Style

Traditional: 1

Property Condition

Updated/Remodeled: 1

Unit 1

Unit #: FIRST FLOOR APT Occupied YN: Yes Actual Rent: 1800 Security Deposit $: 1800 SqFt Total: 984 Rooms Total: 5 Beds Total: 4 Baths Total: 1 Kitchen YN: Yes Dining Room YN: Yes Living Room YN: Yes Unit Remarks: month-to-month lease

Unit 2

Unit #: SECONT FLOOR APT Occupied YN: Yes Actual Rent: 1350 Security Deposit $: 2700 SqFt Total: 731 Rooms Total: 4 Beds Total: 3 Baths Total: 1 Kitchen YN: Yes Dining Room YN: Yes Living Room YN: Yes Unit Remarks: month-to-month lease

Laundry Features

In Basement: 1 Electric Dryer Hookup: 1 Washer Hookup: 1

Flooring

Vinyl: 1

Construction Materials

Vinyl Siding: 1

Basement

Partially Finished: 1

Electric

200+ Amp Service: 1

Heating

Electric: 1 Natural Gas: 1

Water Heater

Gas: 1

Water Source

Public: 1

Sewer

Public Sewer: 1

Parking Features

Common: 1 Parking Lot: 1 On Site: 1 Off Street: 1 Gravel: 1

Road Frontage Type

City Street: 1

Location Tax and Legal

County: Monroe Street Number: 120 Street Name: Ridgeway Street Suffix: Street City (Post Office): East Stroudsburg State: PA Postal Code: 18301 Subdivision Name: None

Property Features

Special Listing Conditions: Standard Listing Terms: Cash; Conventional; FHA; VA Loan; 1031 Exchange Owner Pays: Insurance; Taxes; Repairs Tenant Pays: All Utilities; Electricity; Gas; Water; Hot Water; Sewer; Pest Control; Snow Removal; Trash Collection Income Includes: Rent Only Operating Expense Includes: New Tax; Insurance Financial Data Source: Owner Possession: Negotiable; Subject To Tenant Rights Common Walls: 1 Common Wall Current Use: Residential; Investment Property Condition: Updated/Remodeled Architectural Style: Traditional Laundry Features: In Basement; Electric Dryer Hookup; Washer Hookup Flooring: Vinyl Construction Materials: Vinyl Siding Basement: Partially Finished Electric: 200+ Amp Service Heating: Electric; Natural Gas Water Heater: Gas Water Source: Public Sewer: Public Sewer Parking Features: Common; Parking Lot; On Site; Off Street; Gravel Road Frontage Type: City Street
Listing Office: Luxe Homes Real Estate, LLC
Last Updated: January - 06 - 2026
120 Ridgeway Street, East Stroudsburg, PA 18301- MLS# PM-136531
Information deemed reliable but not guaranteed.

Compare Listings