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Key Details
Sold Price $398,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID PM-137324
Sold Date 01/06/26
HOA Y/N false
Year Built 1913
Annual Tax Amount $4,215
Lot Size 10,890 Sqft
Acres 0.25
Lot Dimensions 0.25
Property Sub-Type Multi Family
Source Pocono Mountains Association of REALTORS®
Property 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 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.
Location
State PA
County Monroe
Area 0.25
Exterior
View Y/N No
Others
Tax ID 05-1.2.1.9
Acceptable Financing Cash, Conventional, FHA, VA Loan, 1031 Exchange
Listing Terms Cash, Conventional, FHA, VA Loan, 1031 Exchange
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Andie Katz
Associate Broker | REALTOR® | License ID: AB069370
Associate Broker | REALTOR® License ID: AB069370




