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255 Brodhead Avenue, East Stroudsburg, PA 18301 (MLS# PM-140514)

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: 4/21/2026

Overview

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 wil ...

Listing Details MLS# PM-140514

General Property Information

Bathrooms Full
4
Above Grade Finished Area
2659
Living Area
2659
Living Area Source
Public Records
Building Area Total
2659
Building Area Source
Public Records
Stories
2
Number Of Buildings
2
Year Built
1902
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
Below Grade Finished Area
0

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

Contract Information

Property Sub Type
Multi Family
Listing Contract Date
2026-04-20
Listing Service
Full Service

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

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

More Information

Unit 1

Unit #
Yes
Occupied YN
Yes
Actual Rent
1150
SqFt Total
750
Rooms Total
6
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
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
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
Kitchen YN
Yes
Dining Room YN
No
Living Room YN
Yes
Unit Remarks
Unit Gutted for Reno

Meter Information

Number Of Separate Electric Meters
4

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

Currently Not Used

Number Of Units Total
4

Special Listing Conditions

Standard
Yes

Listing Terms

Cash
Yes
Conventional
Yes

Owner Pays

Water
Yes
Sewer
Yes

Financial Data Source

Owner
Yes

Oil, Gas and Mineral Rights

Property Subject To Lease
No

Possession

Close Of Escrow
Yes

Current Use

Residential
Yes

Architectural Style

Colonial
Yes

Basement

Full
Yes

Roof

Asphalt
Yes
Shingle
Yes

Heating

Baseboard
Yes

Water Source

Public
Yes

Sewer

Public Sewer
Yes

Patio And Porch Features

Porch
Yes

Road Surface Type

Paved
Yes

Road Responsibility

Public Maintained Road
Yes
Listing Office: RE/MAX Crossroads
IDX
Last Updated: April - 21 - 2026
Information deemed reliable but not guaranteed.