Renovated Four-Unit Residential Income
2269 Pennsylvania Avenue Bangor, PA 18013
For Sale
$699,000
MULTI_FAMILY - Lower Mt Bethel Twp, PA
Property Size3,503 SF
Price / SF$199.54
Days on Market19
Property Features for 2269 Pennsylvania Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Apartment
- Zoning
- 17MD
- Bedrooms
- 7
- Bathrooms
- 4
- Rooms
- Bathroom 4, Bathroom 2, Bedroom 4, Bedroom 6, Bedroom 2, Bathroom 1, Bedroom 1, Bedroom 7, Bedroom 5, Bedroom 3, Bathroom 3
- Parking
- 7
- Parking features
- Garage, On Street, Off Street
- Standard status
- Active
- APN
- H10NW2-6-13-0317
- Size
- 3,503 SF
Taxes and HOA fees
- Tax Annual Amount
- 4681
Utilities
- Sewer type
- Septic Tank
- Heating system
- Baseboard, Electric (Heating)
- Cooling system
- Window Unit(s)
- Water source
- Well
Building Details
- Year built
- 1900
- Floors in Building
- 2
- Number of units
- 4
- Building materials
- Frame
Listing Agency:
EXP Realty LLC
(888) 397-7352
Listed By:
Akinlana Popoola · License #RS379206
(412) 925-5551
Added: Jul 9
Changed: Jul 21
Last Checked: Jul 26 at 11:06PM
MLS# 780400
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.
Investment Insights
Based on property information with market context.
This newly renovated four-unit residential income property features one expansive four-bedroom residence and three oversized one-bedroom units. Each layout includes additional bonus room space that can serve as a home office or extra storage. Two separate storage compartments are also included, and the design supports supplemental income potential from that ancillary space. Updates include new laminate flooring, updated lighting, and designer kitchens with butcher block countertops, stainless steel appliances, and custom tile backsplashes. Several units offer in-unit laundry hookup readiness, and walk-in closets are included. Heating is provided via modern mini-split systems and efficient electric baseboards.
The building is located at 2269 Pennsylvania Avenue in Lower Mt Bethel Township, Northampton County, Pennsylvania. One unit has been intentionally left vacant, providing flexibility for an owner-occupant scenario or for final lease-up.
For buyers or operators seeking a turnkey multifamily asset, the extensive interior transformation is designed to reduce near-term capital needs. The unit mix offers a practical balance between larger household accommodations and demand for spacious one-bedroom living. With infrastructure reliability supported by a new well installed in 2025, this property is positioned for straightforward day-to-day management centered on key operating items such as taxes, insurance, and trash.
The building is located at 2269 Pennsylvania Avenue in Lower Mt Bethel Township, Northampton County, Pennsylvania. One unit has been intentionally left vacant, providing flexibility for an owner-occupant scenario or for final lease-up.
For buyers or operators seeking a turnkey multifamily asset, the extensive interior transformation is designed to reduce near-term capital needs. The unit mix offers a practical balance between larger household accommodations and demand for spacious one-bedroom living. With infrastructure reliability supported by a new well installed in 2025, this property is positioned for straightforward day-to-day management centered on key operating items such as taxes, insurance, and trash.
Key Highlights
- Four‑unit investment property with a 1x four‑bedroom unit and 3x oversized one‑bedroom units
- New laminate flooring, updated lighting, and designer kitchens with butcher block countertops, stainless steel appliances, and custom tile backsplashes
- New well installed in 2025; water source is well and sewer is septic tank
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $35.7k | $10.20 |
| − Vacancy | −$2.6k | −$0.76 |
| EGI | $33.1k | $9.44 |
| − OpEx | −$9.9k | −$2.83 |
| NOI | $23.2k | $6.61 |
3,503 SF · lease $10.20/SF/yr · vacancy 7.41% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$330.8K
$289.5K – $386.0K
NOI $23,158 @ 7.0% cap · market cap 3.31%
Second Best
Apartment 5plus
$304.5K
$266.5K – $355.3K
NOI $21,316 @ 7.0% cap · market cap 3.05%
Theoretical Best
Office A
$664.4K
$581.4K – $775.2K
NOI $46,509 @ 7.0% cap · market cap 6.65%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
FAQs
What type of property is this?
Quadplex - Newly renovated quadplex with a four-bedroom unit and three oversized one-bedroom units, plus bonus rooms and storage.
Where is this quadplex located?
The property is located at 2269 Pennsylvania Avenue Bangor, PA.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Four‑unit investment property with a 1x four‑bedroom unit and 3x oversized one‑bedroom units; New laminate flooring, updated lighting, and designer kitchens with butcher block countertops, stainless steel appliances, and custom tile backsplashes; New well installed in 2025; water source is well and sewer is septic tank
