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    1563 Old Route 22 Lenhartsville, PA 19534

    For Sale
    $1,300,000

    MULTI_FAMILY - Greenwich Twp, PA

    Property size:
    13,801 SF
    Lot size:
    9.86 Acres
    Days on Market:
    255
    Last Refresh:
    Dec 7 at 3:06 am

    Property Features for 1563 Old Route 22

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Village/Rural
    Rooms
    Bathroom 12, Bedroom 1, Bedroom 4, Bedroom 19, Bathroom 8, Bedroom 6, Bedroom 8, Bedroom 15, Bathroom 2, Bedroom 11, Bedroom 5, Bedroom 12, Bathroom 11, Bedroom 3, Bathroom 1, Bathroom 6, Bedroom 7, Bedroom 17, Bathroom 9, Bathroom 14, Bathroom 10, Bathroom 5, Bedroom 22, Bedroom 13, Bedroom 16, Bedroom 14, Bedroom 20, Bedroom 10, Bathroom 4, Bathroom 13, Bathroom 16, Bedroom 2, Bedroom 18, Bathroom 3, Bathroom 15, Bathroom 7, Bedroom 9, Bedroom 21
    Bedrooms
    22
    Bathrooms
    16
    APN
    45541512865831
    Parking
    40
    Size
    13,801 SF
    Lot size
    9.86 Acres

    Utilities

    Sewer type
    Septic Tank
    Heating system
    Baseboard, Electric (Heating)
    Cooling system
    Window Unit(s)
    Water source
    Well

    Building Details

    Year built
    1935
    Number of units
    21
    Building materials
    Frame

    Century 21 Keim Realtors (877) 208-4158 [email protected]

    Listing agent Shane R. Keyser (610) 509-4768

    Listing date Mar 28, 2025

    Copyright © 2025 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.

    Overview

    Fully Occupied Multifamily Investment Property

    This fully occupied 21-unit multifamily property is situated on nearly 10 acres, consisting of two parcels. The property features a mix of unit types, including 2 three-bedroom units, 2 two-bedroom units, and 12 one-bedroom/efficiency units. Additionally, there are 3 storage spaces, a workshop with a garage, and a commercial garage. All units are currently occupied with one-year leases and security deposits in place. The owner is responsible for water, sewer, trash, and common electric. Tenants are responsible for their individual heat (electric), electric, and cable. New roofs and windows have been recently installed on all the main buildings and the commercial garage. The property is located in Greenwich Township, Pennsylvania, and offers a potential commute to the Lehigh Valley. The property offers value-add potential through rent increases and the possibility of adding more units, subject to zoning and local municipality approval. The property size totals 13,801 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Building Supply Spa & Massage Hair Salon Nail Salon Gym & Fitness Skin Care Clinic Storage Facility Garden Center Acupuncture Pet Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lenhartsville
    County
    Berks
    State
    Pennsylvania
    Longitude
    -75.883504
    Latitude
    40.572095

    Nearby Similar for Sale

    • $1,300,000
      13,801 SF

      Fully Occupied Investment Property

      21-unit property on 9.86 acres with value-add potential.
      1563 Old Route 22, Lenhartsville, PA 19534
      View Details
    • $1,300,000
      13,801 SF

      Lenhartsville Multi-Family Investment

      20-Unit Complex, 9.86 Acres, High ROI
      1563 Old Route 22, Lenhartsville, PA 19534
      View Details
    • $1,300,000
      13,801 SF

      Lenhartsville Multifamily Portfolio

      20-Unit Rental Property, High ROI
      1563 Old, Lenhartsville, PA 19534
      View Details

    FAQs

    What type of property is this?
    Apartment building - 21-unit property on nearly 10 acres, fully occupied with upside.
    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 with existing leases and security deposits in place, providing immediate income.; - High cap rate (over 11%) based on current rents and occupancy, indicating strong investment potential.; - Significant value-add potential through rent increases and the possibility of adding more units (subject to zoning approval).
    (610) 509-4768
    Request Owner's contact information
    1563 Old Route 22 Lenhartsville, PA 19534
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    Lenhartsville, PA 19534
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1563 Old Route 22 Lenhartsville, PA 19534
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