36 Main Street, Delaware Water Gap, PA 18327 (MLS# PM-138206)

36 Main Street, Delaware Water Gap, PA 18327

$759,499

Property Type: Residential Income Square Footage: 6,336 Lot Size (sq. ft.): 10,890 Status: Active

Current Price: $759,499 List Date: 1/11/2026 Last Modified: 3/18/2026

Overview

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 sys ... (Read more)

Listing Details MLS# PM-138206

General Property Information

Bathrooms Full: 4
Above Grade Finished Area: 4224
Below Grade Finished Area: 1056
Living Area: 5280
Below Grade Unfinished Area: 1056
Building Area Total: 6336
Building Area Source: Estimated
Stories: 2
Number Of Buildings: Yes
Year Built: 1902
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: 119.87
Bathrooms Half: 0
Above Grade Unfinished Area: 0

Property Features

Special Listing Conditions: Standard Listing Terms: Cash; Conventional; FHA Owner Pays: Electricity; Water; Sewer; Cable TV; Insurance; Snow Removal; Trash Collection 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

Contract Information

Property Sub Type: Multi Family
Listing Contract Date: 2026-01-11
Listing Service: Full Service
Lease Considered YN: No

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

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.

Status Change Information

Price Change Timestamp: 2026-03-11T14:09:34Z

More Information

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

Unit 1

Unit #: 1R1A
Occupied YN: Yes
Actual Rent: 700
Security Deposit $: 700
SqFt Total: 600
Rooms Total: 3
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
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
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
Kitchen YN: Yes
Dining Room YN: Yes
Living Room YN: Yes

Unit Details

1 Bedroom: 3
2 Bedroom: Yes

Road Frontage Type

Road Frontage Length: 66

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: 5044.79
Tax Other Annual Assessment Amount: 78.44
Tax Annual Amount: 6494.65
Tax Assessed Value: 184150
Tax Year: 2025
Tax Map Number: 04731002988680
Tax Book Number: 2542
Tax Page Number: 9329
Deed Recording Date: 2020-01-16
Zoning: VC-2
Zoning Description: Commercial

Currently Not Used

Number Of Units Total: 4

Special Listing Conditions

Standard: Yes

Listing Terms

Cash: Yes
Conventional: Yes
FHA: Yes

Owner Pays

Electricity: Yes
Water: Yes
Sewer: Yes
Cable TV: Yes
Insurance: Yes
Snow Removal: Yes
Trash Collection: Yes

Tenant Pays

All Utilities: Yes
Electricity: Yes
Water: Yes
Sewer: Yes
Cable TV: Yes
Insurance: Yes
Trash Collection: Yes

Income Includes

Rent Only: Yes

Operating Expense Includes

Insurance: Yes
Utilities: Yes
Water/Sewer: Yes
Trash: Yes
Maintenance Grounds: Yes
Snow Removal: Yes

Financial Data Source

Owner: Yes

Oil, Gas and Mineral Rights

Property Subject To Lease: No

Possession

Close Of Escrow: Yes

Common Walls

No Common Walls: Yes

Current Use

Residential: Yes
Investment: Yes
Mixed Use: Yes

Architectural Style

Colonial: Yes

Interior Features

Eat-in Kitchen: Yes
Cathedral Ceiling(s): Yes
Open Floorplan: Yes
Ceiling Fan(s): Yes

Laundry Features

In Basement: Yes

Flooring

Laminate: Yes

Construction Materials

Vinyl Siding: Yes

Basement

Partially Finished: Yes
Sump Pump: Yes

Roof

Asphalt: Yes
Fiberglass: Yes
Shingle: Yes

Electric

200+ Amp Service: Yes
Circuit Breakers: Yes

Cooling

Ceiling Fan(s): Yes
Ductless: Yes
Wall/Window Unit(s): Yes
Separate Meters: Yes

Heating

Baseboard: Yes
Electric: Yes

Water Heater

Electric: Yes
Gas: Yes

Appliances

Electric Range: Yes
Dishwasher: Yes
Microwave: Yes

Water Source

Public: Yes

Sewer

Public Sewer: Yes

Patio And Porch Features

Porch: Yes
Covered: Yes

Parking Features

Parking Lot: Yes
Off Street: Yes
Paved: Yes

Lot Features

Corner Lot: Yes

Road Surface Type

Paved: Yes

Road Responsibility

Public Maintained Road: Yes

Listing Office: Keller Williams Real Estate - Northampton Co

Last Updated: March - 18 - 2026

Information deemed reliable but not guaranteed.

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36 Main Street, Delaware Water Gap, PA 18327 (MLS# PM-138206)