120 Ridgeway Street, East Stroudsburg, PA 18301
Local realty services provided by:Better Homes and Gardens Real Estate Wilkins & Associates
120 Ridgeway Street,East Stroudsburg, PA 18301
$494,000
- - Beds
- - Baths
- 2,841 sq. ft.
- Multi-family
- Active
Listed by:jason heimrich
Office:luxe homes real estate, llc.
MLS#:PM-136531
Source:PA_PMAR
Price summary
- Price:$494,000
- Price per sq. ft.:$173.88
About this home
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 — 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 — 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.
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Home facts
- Year built:1925
- Listing ID #:PM-136531
- Added:1 day(s) ago
- Updated:October 15, 2025 at 05:54 PM
Rooms and interior
- Living area:2,841 sq. ft.
Heating and cooling
- Heating:Electric, Heating, Natural Gas
Structure and exterior
- Year built:1925
- Building area:2,841 sq. ft.
- Lot area:0.28 Acres
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$494,000
- Price per sq. ft.:$173.88
- Tax amount:$5,988
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