36 Main Street, Delaware Water Gap, PA 18327
$769,499
Property Type:
Residential Income
Square Footage:
6,336
Lot Size (sq. ft.):
10,890
Status:
Active
Current Price:
$769,499
List Date:
8/04/2025
Last Modified:
10/30/2025
Description
Fully renovated 4-unit investment opportunity in the highly walkable and desirable Borough of Delaware Water Gap. Featuring three spacious 1-bedroom units and one 2-bedroom unit, this property offers flexible income potential through long-term tenants or short-term rentals—STRs are permitted here. Located steps from downtown shops, restaurants, coffee spots, galleries, and the Appalachian Trail, this property offers unmatched lifestyle appeal for residents and visitors alike. Outdoor enthusiasts will love the easy access to hiking, biking, and water recreation, while commuters will appreciate being less than 3 minutes from Route 80 and just a short drive to downtown Stroudsburg.
The building was completely renovated down to the studs within the past five years, offering peace of mind and low maintenance. All major systems have been updated including roof, plumbing, electrical, HVAC, windows, kitchens, baths, and flooring. Contemporary finishes, durable materials, and efficient systems make this a truly turnkey investment. Whether you're looking to grow your portfolio, explore Airbnb potential, or enjoy steady passive income, this rare multi-unit in one of the Poconos' most charming towns checks every box.
More Information MLS# PM-134515
Contract Information
Listing Service: Full Service
Lease Considered YN: No
Property Sub Type: Multi Family
List Price: $769,499
Current Price: $769,499
Status: Active
Listing Contract Date: 2025-08-04
Location, Tax, and Legal
Parcel Number: 04.2.3.7
Municipality: Delaware Water Gap Borough
High School District: Stroudsburg Area
County Tax Amount: 1008.64
Municipal Tax Amount: 362.78
School Tax Amount: 5046.63
Tax Other Annual Assessment Amount: 78.44
Tax Annual Amount: 6496.49
Tax Assessed Value: 184150
Tax Year: 2025
Tax Map Number: 04731002988680
Tax Book Number: 2542/9329
Deed Recording Date: 2020-01-16
Zoning Description: Commercial
General Property Information
Bathrooms Half: 0
Above Grade Finished Area: 4224
Below Grade Finished Area: 1056
Living Area: 5280
Above Grade Unfinished Area: 0
Below Grade Unfinished Area: 1056
Building Area Source: Estimated
Stories: 2
Number Of Buildings: 1
Year Built Source: Public Records
Fireplace YN: No
Basement YN: Yes
Pool Private YN: No
Garage YN: No
Carport YN: No
Open Parking YN: Yes
Open Parking Spaces: 10
Parking Total: 10
Lot Size Acres: 0.25
Water Body Access YN: No
Association YN: No
List Price/SqFt: 121.45
Bathrooms Full: 4
Building Area Total: 6336
Year Built: 1902
Currently Not Used
Number Of Units Total: 4
Remarks and Miscellaneous
Public Remarks: Fully renovated 4-unit investment opportunity in the highly walkable and desirable Borough of Delaware Water Gap. Featuring three spacious 1-bedroom units and one 2-bedroom unit, this property offers flexible income potential through long-term tenants or short-term rentals—STRs are permitted here. Located steps from downtown shops, restaurants, coffee spots, galleries, and the Appalachian Trail, this property offers unmatched lifestyle appeal for residents and visitors alike. Outdoor enthusiasts will love the easy access to hiking, biking, and water recreation, while commuters will appreciate being less than 3 minutes from Route 80 and just a short drive to downtown Stroudsburg.
The building was completely renovated down to the studs within the past five years, offering peace of mind and low maintenance. All major systems have been updated including roof, plumbing, electrical, HVAC, windows, kitchens, baths, and flooring. Contemporary finishes, durable materials, and efficient systems make this a truly turnkey investment. Whether you're looking to grow your portfolio, explore Airbnb potential, or enjoy steady passive income, this rare multi-unit in one of the Poconos' most charming towns checks every box.
Unit Details
1 Bedroom: 3
2 Bedroom: 1
Income and Expenses
Gross Income: 65550
Net Operating Income: 46221.51
Annual Total Expense: 19328.49
Insurance Expense: 4500
Electric Expense: 1500
Sewer Expense: 1892
Water Expense: 2000
Trash Expense: 1680
Other Expense: 1260
Special Listing Conditions
Standard: 1
Listing Terms
Cash: 1
Conventional: 1
FHA: 1
Tenant Pays
All Utilities: 1
Electricity: 1
Water: 1
Sewer: 1
Cable TV: 1
Insurance: 1
Trash Collection: 1
Income Includes
Rent Only: 1
Operating Expense Includes
Insurance: 1
Utilities: 1
Water/Sewer: 1
Trash: 1
Maintenance Grounds: 1
Snow Removal: 1
Financial Data Source
Owner: 1
Possession
Close Of Escrow: 1
Common Walls
No Common Walls: 1
Current Use
Residential: 1
Investment: 1
Mixed Use: 1
Architectural Style
Colonial: 1
Unit 1
Unit #: 1R1A
Occupied YN: Yes
Actual Rent: 700
Security Deposit $: 700
SqFt Total: 600
Rooms Total: 3
Beds Total: 1
Baths Total: 1
Kitchen YN: Yes
Dining Room YN: Yes
Living Room YN: Yes
Unit 2
Unit #: 1L1B
Occupied YN: Yes
Actual Rent: 1850
SqFt Total: 600
Rooms Total: 3
Beds Total: 1
Baths Total: 1
Kitchen YN: Yes
Dining Room YN: Yes
Living Room YN: Yes
Unit 3
Unit #: 2R2A
Occupied YN: Yes
Actual Rent: 1500
SqFt Total: 600
Rooms Total: 5
Beds Total: 1
Baths Total: 1
Kitchen YN: Yes
Dining Room YN: Yes
Living Room YN: Yes
Unit 4
Unit #: 2L2B
Occupied YN: Yes
Actual Rent: 1700
SqFt Total: 800
Rooms Total: 5
Beds Total: 2
Baths Total: 1
Kitchen YN: Yes
Dining Room YN: Yes
Living Room YN: Yes
Interior Features
Eat-in Kitchen: 1
Cathedral Ceiling(s): 1
Open Floorplan: 1
Ceiling Fan(s): 1
Laundry Features
In Basement: 1
Flooring
Laminate: 1
Construction Materials
Vinyl Siding: 1
Basement
Partially Finished: 1
Sump Pump: 1
Roof
Asphalt: 1
Fiberglass: 1
Shingle: 1
Electric
200+ Amp Service: 1
Circuit Breakers: 1
Cooling
Ceiling Fan(s): 1
Ductless: 1
Wall/Window Unit(s): 1
Separate Meters: 1
Heating
Baseboard: 1
Electric: 1
Water Heater
Electric: 1
Gas: 1
Appliances
Electric Range: 1
Dishwasher: 1
Microwave: 1
Water Source
Public: 1
Sewer
Public Sewer: 1
Patio And Porch Features
Porch: 1
Covered: 1
Parking Features
Parking Lot: 1
Off Street: 1
Paved: 1
Lot Features
Corner Lot: 1
Road Frontage Type
Road Frontage Length: 66
Road Surface Type
Paved: 1
Road Responsibility
Public Maintained Road: 1
Location Tax and Legal
County: Monroe
Street Number: 36
Street Name: Main
Street Suffix: Street
City (Post Office): Delaware Water Gap
State: PA
Postal Code: 18327
Subdivision Name: None
Status Change Information
Price Change Timestamp: 2025-10-30T18:25:35Z
Property Features
Special Listing Conditions: Standard
Listing Terms: Cash; Conventional; FHA
Tenant Pays: All Utilities; Electricity; Water; Sewer; Cable TV; Insurance; Trash Collection
Income Includes: Rent Only
Operating Expense Includes: Insurance; Utilities; Water/Sewer; Trash; Maintenance Grounds; Snow Removal
Financial Data Source: Owner
Possession: Close Of Escrow
Common Walls: No Common Walls
Current Use: Residential; Investment; Mixed Use
Architectural Style: Colonial
Interior Features: Eat-in Kitchen; Cathedral Ceiling(s); Open Floorplan; Ceiling Fan(s)
Laundry Features: In Basement
Flooring: Laminate
Construction Materials: Vinyl Siding
Basement: Partially Finished; Sump Pump
Roof: Asphalt; Fiberglass; Shingle
Electric: 200+ Amp Service; Circuit Breakers
Cooling: Ceiling Fan(s); Ductless; Wall/Window Unit(s); Separate Meters
Heating: Baseboard; Electric
Water Heater: Gas
Appliances: Electric Range; Dishwasher; Microwave
Water Source: Public
Sewer: Public Sewer
Patio And Porch Features: Porch; Covered
Parking Features: Parking Lot; Off Street; Paved
Lot Features: Corner Lot
Road Surface Type: Paved
Road Responsibility: Public Maintained Road
Listing Office:
Keller Williams Real Estate - Northampton Co
Last Updated: October - 30 - 2025
Information deemed reliable but not guaranteed.
