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
Last Updated: November - 18 - 2025
Information deemed reliable but not guaranteed.

