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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
    $479,700 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.
    168 days
    |
    1,127
    |
    41
    |

    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

      $479,700

      $456,000 - $504,000

      $1,765/mo

      Price history

      Price history
      DateEventPrice
      10/7/2025Listed for sale$494,000+101.6%$242/sqft
      Source: GSBR as distributed by MLS GRID #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
      4/21/2019Listed for rent$2,000$1/sqft
      Source: RE/MAX Crossroads #PM-67095 Report a problem
      1/28/2019Sold$245,000-2%$120/sqft
      Source: PMAR #PM-63090 Report a problem
      1/12/2019Listed for sale$249,900$122/sqft
      Source: Spread Eagle Realty #PM-63091 Report a problem
      12/3/2018Listing removed$249,900$122/sqft
      Source: Spread Eagle Realty #PM-63090 Report a problem
      11/8/2018Listed for sale$249,900+92.2%$122/sqft
      Source: Spread Eagle Realty #PM-63090 Report a problem
      5/23/2017Sold$130,000-7.1%$64/sqft
      Source: PMAR #PM-45873 Report a problem
      4/23/2017Listed for sale$139,900$68/sqft
      Source: Realty Executives - Stroudsburg #PM-45873 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
      2022$5,174 +1.8%$132,210
      2021$5,083 +1.5%$132,210
      2020$5,011 -27.5%$132,210 +331.8%
      2019$6,911 $30,620
      2018$6,911 +22.9%$30,620 +22.1%
      2017$5,623 +394.4%$25,080
      2016$1,137 -74.9%$25,080
      2015$4,535 $25,080
      2014$4,535 $25,080
      2013-- $25,080
      2012-- $25,080
      2011-- $25,080
      2010-- $25,080
      2008-- $25,080
      2007-- $25,080
      2006-- $25,080
      2005-- $25,080
      2004-- $25,080
      2003-- $25,080

      Find assessor info on the county website

      BuyAbility℠ payment

      Est. payment
      $3,027/mo
      Principal & interest
      $2459
      Property taxes
      $568
      More affordability tools

        Climate risks

        Neighborhood: 18301

        Getting around

        73 / 100
        Very Walkable
        37 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

        Local experts in 18301

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