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For sale
  • $494,000

    120 Ridgeway St, East Stroudsburg, PA 18301

    7beds
    2baths
    2,044sqft
    : 
    Multi Family
    Built in ----
    -- sqft lot
    $477,800 Zestimate®
    $242/sqft
    $-- HOA

    What's special

    Classic multi-unit residenceFinished basement
    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.
    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
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    Estimated market value

    $477,800

    $454,000 - $502,000

    $1,640/mo

    Price history

    Price history
    DateEventPrice
    10/7/2025Listed for sale$494,000+101.6%$242/sqft
    Source: GSBR #SC255219 Report a problem
    9/9/2019Listing removed$1,400$1/sqft
    Source: RE/MAX Crossroads #PM-68940 Report a problem
    8/24/2019Price change$1,400-12.5%$1/sqft
    Source: RE/MAX Crossroads #PM-68940 Report a problem
    7/16/2019Price change$1,600-15.8%$1/sqft
    Source: RE/MAX Crossroads #PM-68940 Report a problem
    4/30/2019Price change$1,900-5%$1/sqft
    Source: RE/MAX Crossroads #PM-67095 Report a problem

    Public tax history

    Public tax history
    YearProperty taxesTax 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

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