1563 Old Route 22 Lenhartsville, PA 19534
MULTI_FAMILY - Greenwich Twp, PA
Property size:
13,801 SFLot size:
9.86 AcresPrice / SF:
$94/SF- Added:
- Mar 12, 2024
- Days on Market:
- 787
- Last Refresh:
- May 7 at 5:06 pm
Property Features for 1563 Old Route 22
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- Village/Rural
- Bedrooms
- 22
- Bathrooms
- 16
- Rooms
- Bathroom 11, Bedroom 16, Bedroom 21, Bedroom 17, Bathroom 5, Bedroom 18, Bathroom 13, Bedroom 20, Bedroom 2, Bedroom 13, Bathroom 16, Bathroom 3, Bathroom 4, Bedroom 15, Bedroom 11, Bedroom 3, Bedroom 22, Bedroom 5, Bathroom 6, Bedroom 19, Bathroom 8, Bedroom 10, Bedroom 1, Bathroom 14, Bedroom 8, Bathroom 15, Bedroom 7, Bathroom 10, Bedroom 12, Bathroom 9, Bedroom 6, Bathroom 12, Bathroom 1, Bedroom 4, Bathroom 7, Bedroom 14, Bedroom 9, Bathroom 2
- Parking
- 40
- Standard status
- Active
- APN
- 45541512865831
- Size
- 13,801 SF
- Lot size
- 9.86 Acres
Taxes and HOA fees
- Tax Annual Amount
- 10513
Utilities
- Sewer type
- Septic Tank
- Heating system
- Electric (Heating), Baseboard
- Cooling system
- Window Unit(s)
- Water source
- Well
Building Details
- Year built
- 1935
- Number of units
- 21
- Building materials
- Frame
Listing agent Shane R. Keyser (877) 208-4158
Listing office CENTURY 21 Keim Realtors 90 N Cedar Crest Blvd, Allentown, PA (610) 395-0393
Listing date Mar 12, 2024
MLS# 734264
Listing URL
Copyright © 2026 Greater Lehigh Valley REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Fully occupied 21‑unit property offering immediate income.
- Enjoy a high cap rate of over 12% based on current rents.
- Significant value‑add potential through rent increases and possible expansion.
- Recent upgrades include new roofs and windows on all main buildings and the commercial garage.
- Diverse unit mix with 2‑3BR, 2‑2BR, and 12‑1BR/efficiency units, plus storage, workshop, and commercial garage.
- Situated on just shy of 10 acres across two parcels, a short 20‑minute commute to the Lehigh Valley.
Overview
Fully Occupied Multifamily Investment Opportunity
This fully occupied 21-unit property presents a unique investment opportunity. Situated on just shy of 10 acres, consisting of two parcels, the property is a short 20-minute commute to the Lehigh Valley. The property comprises 2 three-bedroom units, 2 two-bedroom units, and 12 one-bedroom/efficiency units. Additional features include 3 storage spaces, a workshop with a garage, and a commercial garage. The property offers value-add potential through rent increases and the possibility of adding more units, subject to zoning and local municipality approval. All units are fully occupied with one-year leases and security deposits in place. The owners are responsible for water, sewer, trash, and common electric. Tenants are responsible for heat (electric), electric, and cable. New roofs and windows have been recently installed on all the main buildings and the commercial garage. The property size is 13801 square feet.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Lenhartsville
- County
- Berks
- State
- Pennsylvania
- Longitude
- -75.91758
- Latitude
- 40.571178
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - 21-unit property on 9.86 acres near Lehigh Valley.
Where is this apartment building located?
The property is located at 1563 Old Route 22 Lenhartsville, PA.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Fully occupied 21‑unit property offering immediate income.; Enjoy a high cap rate of over 12% based on current rents.; Significant value‑add potential through rent increases and possible expansion.
