Every so often, an investment comes along that's more than numbers on a page -- it's opportunity built into brick and mortar. 120 Ridgeway Street is exactly that: a well-positioned multifamily property in East Stroudsburg, located just minutes from the university. Every so often, an investment comes along that's more than numbers on a page it's opportunity built into brick and mortar. 120 Ridgeway Street is exactly that: a well-positioned multifamily property in East Stroudsburg, located just minutes from the university.
From the street, the property presents as a classic multi-unit residence a solid, established, and practical. But step closer, and you'll see where the real potential lies. The sale includes both the front building and the back lot (05-1/2/313 & 05-1/2/3/24), which is currently being used as parking which is an increasingly valuable commodity in this part of town. Parking isn't just convenience here; it's leverage.
Inside, you'll find a finished basement and a walk-up attic both offering the kind of space investors love to unlock. Whether used for additional storage, laundry, or with proper approvals, potentially expanded living space, the flexibility here creates room for imagination and income.
And then there's the two-car garage, another underutilized asset that can generate additional revenue through rental or storage. With the right strategy, these spaces can transform this already-performing property into a true cash-flow engine.
Located within walking distance of East Stroudsburg University, this property benefits from consistent rental demand year after year. The tenant base renews naturally with the school cycle, and the proximity to downtown, Route 80, and local amenities keeps occupancy strong. Each unit has separate meters and tenants pay their own utility bills.
If you're looking for an investment that performs now and has the potential to perform even better tomorrow, 120 Ridgeway Street checks every box location, existing income, and built-in upside.
For sale
$494,000
120 Ridgeway St, East Stroudsburg, PA 18301
7beds
2baths
2,044sqft
Est.:
Multi Family
Built in ----
-- sqft lot
$477,800 Zestimate®
$242/sqft
$-- HOA
What's special
Classic multi-unit residenceFinished basement
- 126 days |
- 1,120 |
- 42 |
Zillow last checked: 8 hours ago
Listing updated: October 29, 2025 at 08:24am
Listed by:
Jason Heimrich 570-818-5040,
LUXE Homes Real Estate 570-818-5040
Source: Luzerne County AOR,MLS#: 25-5106
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 2
Heating
- Other, Electric, Natural Gas
Cooling
- Wall Unit(s), Window Unit(s)
Features
- Has basement: Yes
Interior area
- Total structure area: 2,044
- Total interior livable area: 2,044 sqft
Property
Parking
- Total spaces: 6
- Parking features: Attached, Off Street
- Attached garage spaces: 2
Lot
- Size: 0.28 Acres
Details
- Parcel number: 051/2/3/13
- Zoning description: Multi-Family
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Other, Drywall
- Roof: Other
Condition
- Very Good,76 - 100 Yrs
- New construction: No
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: None
Location
- Region: East Stroudsburg
Financial & listing details
- Price per square foot: $242/sqft
- Tax assessed value: $12,708
- Annual tax amount: $5,988
- Date on market: 10/7/2025
- Total actual rent: 3150
Estimated market value
$477,800
$454,000 - $502,000
$1,640/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 10/7/2025 | Listed for sale | $494,000+101.6%$242/sqft |
Source: | ||
| 9/9/2019 | Listing removed | $1,400$1/sqft |
Source: RE/MAX Crossroads #PM-68940 Report a problem | ||
| 8/24/2019 | Price change | $1,400-12.5%$1/sqft |
Source: RE/MAX Crossroads #PM-68940 Report a problem | ||
| 7/16/2019 | Price change | $1,600-15.8%$1/sqft |
Source: RE/MAX Crossroads #PM-68940 Report a problem | ||
| 4/30/2019 | Price change | $1,900-5%$1/sqft |
Source: RE/MAX Crossroads #PM-67095 Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $5,907 +8.6% | $132,210 |
| 2024 | $5,438 +4.5% | $132,210 |
| 2023 | $5,204 +0.6% | $132,210 |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$3,070/mo
Principal & interest
$2329
Property taxes
$568
Home insurance
$173
Climate risks
Neighborhood: 18301
Nearby schools
GreatSchools rating
- 5/10J M Hill Elementary SchoolGrades: K-5Distance: 0.7 mi
- 5/10J T Lambert Intermediate SchoolGrades: 6-8Distance: 1.8 mi
- 6/10East Stroudsburg Shs SouthGrades: 9-12Distance: 0.9 mi
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