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120 Ridgeway Street, East Stroudsburg, PA 18301

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For Sale

$494,000

2 baths • 2,841 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • $173.88
    Price per square foot

  • Over 50 Years Old
    Age

  • Basement
    Rooms

Explore this Property

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.
MLS# PM-136531

Courtesy Of Luxe Homes Real Estate, LLC

(570) 818-5040

Property Features

  • Age
    Over 50 Years Old
  • Amenities
    Basement
  • Architecture Style
    Other
  • Exterior Type
    Vinyl Siding
  • Floor Covering
    Vinyl
  • Lot Size
    0.28 Acres
  • Rooms
    Basement

Map and Directions

Directions to 120 Ridgeway Street, East Stroudsburg, PA 18301

Home seller CENTURY 21 Keim Realtors

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 Keim Realtors

(610) 395-0393
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Copyright © 2025 Pocono Mountains Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.