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$398,000
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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.
Full Property Details
Full Property Details for 114 Elk St
General
- Sold For: $398,000
- Taxes: $4,215
- Status: Closed
- Type: Multi-Family
- Source: 2102
- MLS ID: PM-137324
- Added to Site: 61 day(s) ago
Location
- County: Monroe
- Subdivision: None
Structural Information
- Stories/Levels: 2
- Sq. Ft. Source: Other
- Year Built: 1913
Unit Information
- Units in Building: 2
Lot Features
- Lot Size (Acres): 0.25
- Lot Size (Sq. Ft.): 10,890
Financial Considerations
- Tax Amount: $4,215
- Terms: Cash, Conventional, FHA, VA Loan, 1031 Exchange
Disclosures and Reports
- APN: 05-1.2.1.9
Listed by Luxe Homes Real Estate, LLC, Jason Heimrich
Sold by Non Member, (Not in neighboring Other MLS Member
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Schools
Schools serving 114 Elk St
School District:East Stroudsburg Area School District
| Name | Grades | Distance |
|---|---|---|
J M Hill El School 151 East Broad Street, East Stroudsburg, PA 18301 | K-5 | 0.6 mi |
J T Lambert Intermediate School 2000 Milford Road, East Stroudsburg, PA 18301 | 6-8 | 1.8 mi |
East Stroudsburg Shs South 279 North Courtland Street, East Stroudsburg, PA 18301 | 9-12 | 0.8 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 114 Elk St
Date
Details
Price
Change
Source
1/09/2026
Sold
$398,000
-11.16%
MLS
11/18/2025
Listed
$448,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
114 Elk Street, East Stroudsburg, PA 18301 (MLS# PM-137324) is a Multi-Family property that was sold at $398,000 on January 09, 2026. Want to learn more about 114 Elk Street? Do you have questions about finding other Multi-Family real estate for sale in East Stroudsburg? You can browse all East Stroudsburg real estate or contact a Coldwell Banker agent to request more information.

