114 Elk Street, East Stroudsburg, PA 18301

$448,000
Property Type: Residential Income Square Footage: 2,111 Lot Size (sq. ft.): 10,890 Status: Active
Current Price: $448,000 List Date: 11/18/2025 Last Modified: 11/18/2025

Description

There's a certain kind of property that doesn't just look promising on paper — it feels smart the moment you see it. 114 Elk Street is that kind of find. Close your eyes for a second and picture steady rent checks coming in, tenants already settled, and a building that practically manages itself. It's the kind of investment you can feel confident stepping into right now — because the numbers make sense, and the location sells itself. Welcome to 114 Elk Street, a classic two-unit multifamily property located just blocks from East Stroudsburg University and the heartbeat of the Pocono region. Within minutes of walking, you're surrounded by student life, small-town energy, and consistent rental demand that keeps income steady year after year. You can almost feel the rhythm of campus life nearby — students heading to class, neighbors walking downtown, the quiet hum of a neighborhood that always feels alive. As you read this, you might already picture steady rent checks arriving, reliable tenants in place, and an investment that simply runs itself. Each unit offers comfortable layouts designed for convenience and long-term occupancy. Both are fully occupied, delivering instant cash flow from day one. The off-street parking — a rare advantage this close to the university — adds real-world value for tenants and investors alike. And then there's the location — just the right distance from it all. Walk to the university, local cafés, grocery stores, and downtown East Stroudsburg. It's an address that practically markets itself to students, staff, and long-term renters. Whether you're expanding your portfolio or stepping into your first income property, this one offers what every investor wants: stability, accessibility, and demand that never fades. Imagine owning a property that works as hard as you do — one that grows quietly in value while providing consistent returns.

More Information MLS# PM-137324

Contract Information

Listing Service: Full Service Property Sub Type: Multi Family List Price: $448,000 Current Price: $448,000 Status: Active Listing Contract Date: 2025-11-18

Location, Tax, and Legal

Parcel Number: 05-1.2.1.9 Municipality: East Stroudsburg Borough County Tax Amount: 516.7 Municipal Tax Amount: 751.5 School Tax Amount: 2993.8 Tax Annual Amount: 4215 Tax Assessed Value: 94330 Tax Book Number: 2515/6532 Zoning Description: Multi-Family

General Property Information

Above Grade Finished Area: 2111 Below Grade Finished Area: 0 Building Area Source: Other Stories: 2 Number Of Buildings: 1 Year Built Source: Estimated Basement YN: No Pool Private YN: No Garage YN: No Carport YN: No Open Parking YN: No Lot Size Acres: 0.25 Water Body Access YN: No Association YN: No List Price/SqFt: 212.22 Building Area Total: 2111 Year Built: 1913

Currently Not Used

Number Of Units Total: 2

Remarks and Miscellaneous

Public Remarks: There's a certain kind of property that doesn't just look promising on paper — it feels smart the moment you see it. 114 Elk Street is that kind of find. Close your eyes for a second and picture steady rent checks coming in, tenants already settled, and a building that practically manages itself. It's the kind of investment you can feel confident stepping into right now — because the numbers make sense, and the location sells itself. Welcome to 114 Elk Street, a classic two-unit multifamily property located just blocks from East Stroudsburg University and the heartbeat of the Pocono region. Within minutes of walking, you're surrounded by student life, small-town energy, and consistent rental demand that keeps income steady year after year. You can almost feel the rhythm of campus life nearby — students heading to class, neighbors walking downtown, the quiet hum of a neighborhood that always feels alive. As you read this, you might already picture steady rent checks arriving, reliable tenants in place, and an investment that simply runs itself. Each unit offers comfortable layouts designed for convenience and long-term occupancy. Both are fully occupied, delivering instant cash flow from day one. The off-street parking — a rare advantage this close to the university — adds real-world value for tenants and investors alike. And then there's the location — just the right distance from it all. Walk to the university, local cafés, grocery stores, and downtown East Stroudsburg. It's an address that practically markets itself to students, staff, and long-term renters. Whether you're expanding your portfolio or stepping into your first income property, this one offers what every investor wants: stability, accessibility, and demand that never fades. Imagine owning a property that works as hard as you do — one that grows quietly in value while providing consistent returns.

Income and Expenses

Gross Income: 45000 Gross Scheduled Income: 45000 Electric Expense: 1200 Water Expense: 1200

Listing Terms

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

Owner Pays

Electricity: 1 Water: 1 Insurance: 1 Repairs: 1

Tenant Pays

Electricity: 1 Water: 1 Sewer: 1 Trash Collection: 1

Income Includes

Rent Only: 1

Operating Expense Includes

Utilities: 1

Financial Data Source

Owner: 1

Possession

Negotiable: 1

Unit 1

Unit #: 1 BOTTOM FLOOR Occupied YN: Yes Actual Rent: 2000 Security Deposit $: 2000 SqFt Total: 720 Rooms Total: 6 Beds Total: 4 Baths Total: 1 Kitchen YN: Yes Dining Room YN: No Living Room YN: No

Unit 2

Unit #: 2 TOP FLOOR Occupied YN: Yes Actual Rent: 1750 Security Deposit $: 1750 SqFt Total: 561 Rooms Total: 4 Beds Total: 2 Baths Total: 1 Kitchen YN: Yes Dining Room YN: No Living Room YN: No

Location Tax and Legal

County: Monroe Street Number: 114 Street Name: Elk Street Suffix: Street City (Post Office): East Stroudsburg State: PA Postal Code: 18301 Subdivision Name: None

Property Features

Listing Terms: Cash; Conventional; FHA; VA Loan; 1031 Exchange Owner Pays: Electricity; Water; Insurance; Repairs Tenant Pays: Electricity; Water; Sewer; Trash Collection Income Includes: Rent Only Operating Expense Includes: Utilities Financial Data Source: Owner Possession: Negotiable
Listing Office: Luxe Homes Real Estate, LLC
IDX
Last Updated: November - 18 - 2025
Information deemed reliable but not guaranteed.