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
Information deemed reliable but not guaranteed.