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255 Brodhead Avenue, East Stroudsburg, PA 18301

New Listing
$455,000
Property Type: Residential Income Square Footage: 2,659 Lot Size (sq. ft.): 6,098 Status: Active
Current Price: $455,000 List Date: 4/21/2026 Last Modified: 4/27/2026

Description

Here's your chance to Step into a rare and intriguing investment opportunity in the heart of East Stroudsburg Borough. This classic Victorian-style colonial isn't just another property for sale--it's a story of classic charm, steady income, and untapped potential waiting for the right investor to bring it to life. Set across two separate buildings, it features four total units with a combined 6 bedrooms and 4 bathrooms. Three of the units are already occupied by steady long-term tenants, providing immediate and reliable cash flow from day one. Meanwhile, the fourth unit has been fully gutted--offering a blank canvas for customization, increased rents, and value-add on. Positioned in a quaint neighborhood, the location is a standout feature. Within Walking Distance to East Stroudsburg University, Lehigh Valley Hospital, and the vibrant Crystal Street corridor, tenants enjoy convenient access to shopping, dining, and everyday essentials including Giant and Walmart Plaza. Commuters will appreciate quick connections to major highways, making this an ideal spot for both local renters and regional travelers. Adding to the appeal, the property is serviced by public water and public sewer, helping to minimize maintenance concerns and simplify ownership. Whether you're expanding your portfolio or securing your first multi-family investment, this property offers the perfect blend of historic charm, stable income, and future upside--all in a highly desirable in-town location.

More Information MLS# PM-140514

Contract Information

Listing Service: Full Service Property Sub Type: Multi Family List Price: $455,000 Current Price: $455,000 Status: Active Listing Contract Date: 2026-04-20

Location, Tax, and Legal

Parcel Number: 05-1.1.8.1 Municipality: East Stroudsburg Borough High School District: East Stroudsburg Area County Tax Amount: 1002.24 Municipal Tax Amount: 1457.51 School Tax Amount: 5395.98 Tax Other Annual Assessment Amount: 34.02 Tax Annual Amount: 7889.75 Tax Assessed Value: 182980 Tax Year: 2025 Tax Map Number: 05730120914698 Tax Book Number: 2617 Tax Page Number: 6987 Deed Recording Date: 2022-09-14 Zoning Description: Multi-Family

General Property Information

Above Grade Finished Area: 2659 Below Grade Finished Area: 0 Living Area: 2659 Living Area Source: Public Records Building Area Source: Public Records Stories: 2 Number Of Buildings: 2 Year Built Source: Public Records Basement YN: Yes Pool Private YN: No Garage YN: No Carport YN: No Open Parking YN: Yes Open Parking Spaces: 4 Lot Size Acres: 0.14 Water Body Access YN: No Association YN: No List Price/SqFt: 171.12 Bathrooms Full: 4 Building Area Total: 2659 Year Built: 1902

Currently Not Used

Number Of Units Total: 4

Remarks and Miscellaneous

Public Remarks: Here's your chance to Step into a rare and intriguing investment opportunity in the heart of East Stroudsburg Borough. This classic Victorian-style colonial isn't just another property for sale--it's a story of classic charm, steady income, and untapped potential waiting for the right investor to bring it to life. Set across two separate buildings, it features four total units with a combined 6 bedrooms and 4 bathrooms. Three of the units are already occupied by steady long-term tenants, providing immediate and reliable cash flow from day one. Meanwhile, the fourth unit has been fully gutted--offering a blank canvas for customization, increased rents, and value-add on. Positioned in a quaint neighborhood, the location is a standout feature. Within Walking Distance to East Stroudsburg University, Lehigh Valley Hospital, and the vibrant Crystal Street corridor, tenants enjoy convenient access to shopping, dining, and everyday essentials including Giant and Walmart Plaza. Commuters will appreciate quick connections to major highways, making this an ideal spot for both local renters and regional travelers. Adding to the appeal, the property is serviced by public water and public sewer, helping to minimize maintenance concerns and simplify ownership. Whether you're expanding your portfolio or securing your first multi-family investment, this property offers the perfect blend of historic charm, stable income, and future upside--all in a highly desirable in-town location.

Income and Expenses

Gross Income: 52800 Net Operating Income: 38486 Cap Rate: 8.5 Insurance Expense: 1900 Trash Expense: 2086

Special Listing Conditions

Standard: 1

Listing Terms

Cash: 1 Conventional: 1

Owner Pays

Water: 1 Sewer: 1

Financial Data Source

Owner: 1

Oil, Gas and Mineral Rights

Property Subject To Lease: No

Possession

Close Of Escrow: 1

Current Use

Residential: 1

Architectural Style

Colonial: 1

Unit 1

Unit #: 1 Occupied YN: Yes Actual Rent: 1150 SqFt Total: 750 Rooms Total: 6 Beds Total: 2 Baths Total: 1 Kitchen YN: Yes Dining Room YN: Yes Living Room YN: Yes Unit Remarks: Building 1

Unit 2

Unit #: 2 Occupied YN: Yes Actual Rent: 1200 SqFt Total: 650 Rooms Total: 5 Beds Total: 2 Baths Total: 1 Kitchen YN: Yes Dining Room YN: Yes Living Room YN: No Unit Remarks: Building 1

Unit 3

Unit #: 3 Occupied YN: Yes SqFt Total: 550 Rooms Total: 5 Beds Total: 1 Baths Total: 1 Kitchen YN: Yes Dining Room YN: No Living Room YN: Yes Unit Remarks: Building 2

Unit 4

Unit #: 4 Occupied YN: No SqFt Total: 550 Rooms Total: 4 Beds Total: 1 Baths Total: 1 Kitchen YN: Yes Dining Room YN: No Living Room YN: Yes Unit Remarks: Unit Gutted for Reno

Basement

Full: 1

Roof

Asphalt: 1 Shingle: 1

Heating

Baseboard: 1

Water Source

Public: 1

Sewer

Public Sewer: 1

Meter Information

Number Of Separate Electric Meters: 4

Patio And Porch Features

Porch: 1

Road Surface Type

Paved: 1

Road Responsibility

Public Maintained Road: 1

Location Tax and Legal

County: Monroe Street Number: 255 Street Name: Brodhead Street Suffix: Avenue City (Post Office): East Stroudsburg State: PA Postal Code: 18301 Subdivision Name: None

Property Features

Special Listing Conditions: Standard Listing Terms: Cash; Conventional Owner Pays: Water; Sewer Financial Data Source: Owner Possession: Close Of Escrow Current Use: Residential Architectural Style: Colonial Basement: Full Roof: Asphalt; Shingle Heating: Baseboard Water Source: Public Sewer: Public Sewer Patio And Porch Features: Porch Road Surface Type: Paved Road Responsibility: Public Maintained Road
Listing Office: RE/MAX Crossroads
Last Updated: April - 27 - 2026
255 Brodhead Avenue, East Stroudsburg, PA 18301- MLS# PM-140514
Information deemed reliable but not guaranteed.

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