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    2269 Pennsylvania Avenue Bangor, PA 18013

    View on Map
    New
    For Sale
    $699,000

    MULTI_FAMILY - Northampton Boro, PA

    Type:Apartment
    Property size:
    3,503 SF
    Lot size:
    0.17 Acres
    Added:
    Mar 31, 2026
    Days on Market:
    1
    Last Refresh:
    Mar 31 at 12:06 pm

    Property Features for 2269 Pennsylvania Avenue

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Apartment
    Zoning
    17MD
    Bedrooms
    15
    Bathrooms
    4
    Rooms
    Bedroom 10, Bedroom 5, Bedroom 8, Bedroom 9, Bedroom 4, Bedroom 1, Bathroom 3, Bathroom 1, Bedroom 3, Bedroom 7, Bedroom 14, Bedroom 2, Bedroom 15, Bedroom 12, Bedroom 6, Bathroom 2, Bathroom 4, Bedroom 13, Bedroom 11
    Parking
    7
    Parking features
    Garage, On Street, Off Street
    Standard status
    Active
    APN
    H10NW2-6-13-0317
    Size
    3,503 SF
    Lot size
    0.17 Acres

    Taxes and HOA fees

    TaxAnnualAmount
    4428

    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

    We can help!

    Listing Contact
    Akinlana Popoola

    Listing agent Akinlana Popoola

    Listing office EXP Realty LLC 168 W Ridge Pike, Unit 101, pittsburgh, PA

    Listing date Mar 31, 2026

    MLS# 774015

    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.

    Overview

    Renovated Four-Unit Investment Property

    This newly renovated four-unit investment property is projected to generate $94,740 in gross income and $82,357 in net income at full stabilization. The property features a high-income unit mix of one 5-bedroom unit, one 4-bedroom unit, and two 3-bedroom units, offering oversized layouts. The property has undergone extensive interior renovations, significantly reducing near-term capital expenditures. Upgrades include new laminate flooring throughout, modernized kitchens with stainless steel appliances, butcher block countertops, and tile backsplashes, along with updated lighting and finishes across all units. Additional features include open-concept layouts, large bedrooms, walk-in closets, flexible bonus spaces, two separate storage compartments for additional income, and in-unit laundry hookups in select units. One unit is intentionally being left vacant for an owner-occupant buyer, while the remaining units are ready for lease-up, providing an immediate opportunity to stabilize and achieve market rents. The 3-5 bedroom layouts positions the property for premium rents and strong demand. Operational efficiency is supported by a mini-split system in one unit and electric baseboard heating in the others. A new well will be installed in 2025. The property, located in Northampton Boro, PA, is situated on a 0.168-acre lot and has a property size of 3503 square feet. With modern finishes, large unit sizes, and strong rent potential, this property presents a compelling opportunity for investors or owner-occupants seeking a turnkey, high-yield asset with minimal upfront CapEx and significant income upside.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Restaurant Building Supply Auto Repair Shop Auto Parts Store Kitchen & Bath Showroom Bar & Pub Electrical Service Grocery & Convenience Store (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Bangor
    County
    Northampton
    State
    Pennsylvania
    Longitude
    -75.180885
    Latitude
    40.7835

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    FAQs

    What type of property is this?
    Quadplex - Turnkey investment property with high income potential in Northampton Boro.
    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: Projected $82,357 net income at full stabilization, offering a high‑yield investment opportunity.; Extensive interior renovations completed, minimizing near‑term capital expenditures.; High‑income unit mix (one 5‑bedroom, one 4‑bedroom, two 3‑bedroom) supports strong rent ceilings.
    (412) 925-5551
    We can help!
    Listing Contact
    Akinlana Popoola
    Learn More
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
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