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
Information deemed reliable but not guaranteed.