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.
Contact an agent
Home facts
- Year built:1925
- Listing ID #:PM-136531
- Added:63 day(s) ago
- Updated:December 17, 2025 at 06:56 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
New listings near 120 Ridgeway Street
- New
$465,000Active5 beds 3 baths2,869 sq. ft.167 American Way, East Stroudsburg, PA 18301
MLS# PM-137857Listed by: KELLER WILLIAMS REAL ESTATE - STROUDSBURG - New
$200,000Active-- beds 4 baths4,301 sq. ft.2374 Paradise Trail, East Stroudsburg, PA 18301
MLS# PM-137850Listed by: VALOR REALTY, LLC - New
$750,000Active5 beds 3 baths3,572 sq. ft.199 Highland Road, East Stroudsburg, PA 18301
MLS# PM-137844Listed by: THE COLLECTIVE REAL ESTATE AGENCY
$429,000Pending4 beds 3 baths2,376 sq. ft.2634 Majestic Court, East Stroudsburg, PA 18302
MLS# PM-135949Listed by: POCONOS PROPERTIES REAL ESTATE, INC.- New
$499,000Active5 beds 4 baths2,308 sq. ft.161 Escoll Drive, East Stroudsburg, PA 18301
MLS# PM-137805Listed by: E-REALTY SERVICES - POCONO SUMMIT - New
$449,900Active4 beds 3 baths1,837 sq. ft.320 Reagan Drive, East Stroudsburg, PA 18301
MLS# PM-137737Listed by: RE/MAX OF THE POCONOS
$359,000Active3 beds 2 baths1,263 sq. ft.515 Hallowood Drive, East Stroudsburg, PA 18302
MLS# PM-137662Listed by: E-REALTY SERVICES - POCONO SUMMIT- Open Sat, 1:30 to 3:30pm
$459,900Active4 beds 3 baths2,393 sq. ft.1005 Mckinley Way, East Stroudsburg, PA 18301
MLS# 769064Listed by: RE/MAX CROSSROADS
$148,000Pending2 beds 1 baths1,024 sq. ft.43 Borough Street, East Stroudsburg, PA 18301
MLS# PM-137645Listed by: REALTY EXECUTIVES - STROUDSBURG
$259,900Active2 beds 3 baths1,317 sq. ft.57 Valley View Court, East Stroudsburg, PA 18301
MLS# PM-137639Listed by: KELLER WILLIAMS REAL ESTATE - STROUDSBURG 803 MAIN