Estimated payment $2,712/month
About This Home
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 cafes, 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.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,215
Year Built
- Built in 1913
Lot Details
- 0.25 Acre Lot
- Lot Dimensions are 73x96x37x55x110x154
Parking
- 2 Car Garage
- On-Street Parking
- Off-Street Parking
Home Design
- Slab Foundation
- Vinyl Siding
Interior Spaces
- 2,111 Sq Ft Home
- 2-Story Property
- Living Room
- Unfinished Basement
Bedrooms and Bathrooms
- 6 Bedrooms
- 2 Full Bathrooms
Additional Features
- Porch
- 200+ Amp Service
Community Details
- 2 Units
Listing and Financial Details
- Security Deposit $2,000
- Assessor Parcel Number 05-1.2.1.9
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $1,286 | $94,330 | $25,000 | $69,330 |
| 2024 | $975 | $94,330 | $25,000 | $69,330 |
| 2023 | $3,713 | $94,330 | $25,000 | $69,330 |
| 2022 | $3,692 | $94,330 | $25,000 | $69,330 |
| 2021 | $3,575 | $94,330 | $25,000 | $69,330 |
| 2020 | $3,627 | $94,330 | $25,000 | $69,330 |
| 2019 | $3,927 | $17,400 | $6,250 | $11,150 |
| 2018 | $3,927 | $17,400 | $6,250 | $11,150 |
| 2017 | $3,901 | $17,400 | $6,250 | $11,150 |
| 2016 | $789 | $17,400 | $6,250 | $11,150 |
| 2015 | $2,737 | $17,400 | $6,250 | $11,150 |
| 2014 | $2,737 | $17,400 | $6,250 | $11,150 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 11/17/2025 11/17/25 | For Sale | $448,000 | 0.0% | $212 / Sq Ft | |
| 07/16/2024 07/16/24 | Rented | $23,400 | +1100.0% | -- | |
| 07/15/2024 07/15/24 | Under Contract | -- | -- | -- | |
| 05/17/2024 05/17/24 | Price Changed | $1,950 | -2.5% | $2 / Sq Ft | |
| 04/17/2024 04/17/24 | For Rent | $2,000 | 0.0% | -- | |
| 06/01/2022 06/01/22 | Rented | $2,000 | 0.0% | -- | |
| 05/07/2022 05/07/22 | Under Contract | -- | -- | -- | |
| 04/15/2022 04/15/22 | For Rent | $2,000 | +25.0% | -- | |
| 06/02/2021 06/02/21 | Rented | $1,600 | 0.0% | -- | |
| 06/01/2021 06/01/21 | Under Contract | -- | -- | -- | |
| 05/10/2021 05/10/21 | For Rent | $1,600 | 0.0% | -- | |
| 09/03/2020 09/03/20 | Rented | $1,600 | 0.0% | -- | |
| 07/25/2020 07/25/20 | Under Contract | -- | -- | -- | |
| 06/02/2020 06/02/20 | For Rent | $1,600 | 0.0% | -- | |
| 08/29/2019 08/29/19 | Rented | $1,600 | 0.0% | -- | |
| 08/07/2019 08/07/19 | Under Contract | -- | -- | -- | |
| 07/10/2019 07/10/19 | For Rent | $1,600 | +68.4% | -- | |
| 04/02/2019 04/02/19 | Rented | $950 | 0.0% | -- | |
| 04/02/2019 04/02/19 | Under Contract | -- | -- | -- | |
| 02/07/2019 02/07/19 | For Rent | $950 | -17.4% | -- | |
| 09/22/2018 09/22/18 | Rented | $1,150 | 0.0% | -- | |
| 09/17/2018 09/17/18 | Under Contract | -- | -- | -- | |
| 08/21/2018 08/21/18 | For Rent | $1,150 | 0.0% | -- | |
| 08/17/2018 08/17/18 | Sold | $155,000 | -3.1% | $73 / Sq Ft | View Prior Sale |
| 07/05/2018 07/05/18 | Pending | -- | -- | -- | |
| 06/21/2018 06/21/18 | For Sale | $159,900 | -- | $76 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $155,000 | None Available | |
| Deed | $75,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $124,000 | New Conventional |
Source: Greater Scranton Board of REALTORS®
MLS Number: GSBSC255935
APN: 05-1.2.1.9
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