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114 Elk Street, East Stroudsburg, PA 18301

$448,000
Twilight 2D Floor Plan for 112 Elk Street Suite T All Floors Floor 1 2 Floor 2 Photo-1 Photo-2 Photo-3 Photo-4 (1) Photo-5 Photo-6 Photo-7 Photo-8 Photo-9 Photo-10 Photo-11 (1) Photo-12 Photo-13 Photo-14 Photo-15 Photo-16 Photo-17 Photo-18 Photo-19 Photo-20 Photo-21 Photo-22 Photo-23 Photo-24 Photo-25 Photo-26 Photo-27 Photo-28 Photo-29 Photo-31 Photo-32 Photo-33 Photo-34 Twilight
Property Type: Residential Income Square Footage: 2,111 Status: Closed
Current Price: $448,000 List Date: 11/17/2025 Last Modified: 7/25/2026

Overview

Description

There's a certain kind of property that doesn't just look promising on paper — it feels smart the moment you see it. 114 Elk Street is that kind of find. Close your eyes for a second and picture steady rent checks coming in, tenants already settled, and a building that practically manages itself. It's the kind of investment you can feel confident stepping into right now — because the numbers make

Supplements: There's a certain kind of property that doesn't just look promising on paper  it feels smart the moment you see it. 114 Elk Street is that kind of find. Close your eyes for a second and picture steady rent checks coming in, tenants already settled, and a building that practically manages itself. It's the kind of investment you can feel confident s ... (Read more) There's a certain kind of property that doesn't just look promising on paper  it feels smart the moment you see it. 114 Elk Street is that kind of find. Close your eyes for a second and picture steady rent checks coming in, tenants already settled, and a building that practically manages itself. It's the kind of investment you can feel confident stepping into right now  because the numbers make sense, and the location sells itself. Welcome to 114 Elk Street, a classic two-unit multifamily property located just blocks from East Stroudsburg University and the heartbeat of the Pocono region. Within minutes of walking, you're surrounded by student life, small-town energy, and consistent rental demand that keeps income steady year after year. You can almost feel the rhythm of campus life nearby  students heading to class, neighbors walking downtown, the quiet hum of a neighborhood that always feels alive. As you read this, you might already picture steady rent checks arriving, reliable tenants in place, and an investment that simply runs itself. Each unit offers comfortable layouts designed for convenience and long-term occupancy. Both are fully occupied, delivering instant cash flow from day one. The off-street parking  a rare advantage this close to the university  adds real-world value for tenants and investors alike. And then there's the location  just the right distance from it all. Walk to the university, local cafés, grocery stores, and downtown East Stroudsburg. It's an address that practically markets itself to students, staff, and long-term renters. Whether you're expanding your portfolio or stepping into your first income property, this one offers what every investor wants: stability, accessibility, and demand that never fades. Imagine owning a property that works as hard as you do  one that grows quietly in value while providing consistent returns.

Listing Details MLS# 25-5861

Location, Tax & Legal

Street Number
114
Street Name
Elk
Street Suffix
Street
State
PA
Postal Code
18301
County
Monroe
MLS Area Major
Misc Out of County
SchoolDistrict
Other - See Remarks
Township
None
Subdivision Name
None
Zoning
Multi-Family
DB/Record Book
2515

Listing Information

Listing Contract Date
2025-11-17

Property Information

Property Sub Type
Multi Family
Building Area Total
2111
Est Age Range
31 - 40 Yrs
Realtor.COM Type
Multi-Family

Remarks Directions

Directions
Fr East Stroudsburg Uni, head west on Normal St toward Prospect St. Turn left on Prospect, then right on E Brown St. Continue straight, cross N Courtland & follow Brown St. Turn right on East Strouds

Status Change Information

Purchase Contract Date
2025-12-22
Close Date
2026-01-09
Close Price
398000

Expenses

Annual Gross Income
45000
Annual Electric Exp
1200
Annual Water Exp
1200
Annual Real Est Tax
4215
Annual Fire/Liabilty
0
Annual Lawn Maint.
0
Anl Net Inc b/4 Debt
0

More Information

Unit 1 Info

Unit #
Yes
# Rooms
6
# Bedrooms
4
# Baths
Yes
Heat in Rent
N
Hot Water in Rent
N
Water in Rent
N
Sewer in Rent
N

Unit 2 Info

Unit #
2
Water in Rent
Y
Sewer in Rent
N

Remarks & Directions

Hot Sheet Comment
new

Interior Finish

Drywall
Yes

Heat Type

Electric Baseboard
Yes

Water

Public
Yes

Sewer

Public
Yes

Roof

Comp Shingle
Yes

Property Features

Heat Fuel Type: Electric AC Type: Other - See Remarks Condition: Very Good Exterior: Vinyl Basement: Unfinished
Listing Office: LUXE Homes Real Estate
Listing Agent: Jason Heimrich
Last Updated: July - 25 - 2026
Information deemed reliable but not guaranteed.

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Specializing in residential and commercial sales, McDermott & McDermott Real Estate, Inc. services also include investment sales and property management. We are actively involved in turning the many bank-owned foreclosures back over to the hands of our communities.


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Shavertown, PA 18708

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