Renovated 3-Bedroom
For Sale
$249,900
288 S Main Street, Bangor, PA 18013
MULTI_FAMILY - Bangor Boro, PA
Property Size1,560 SF
Lot Size0.06 Acres
Price / SF$160.19
Days on Market20
Property Features for 288 S Main Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
02R78
Bedrooms
3
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1, Bedroom 2, Bedroom 3, Bedroom 1
Parking features
On Street
Subdivision
Not in Development
Elementary school district
Bangor
Middle school district
Bangor
High school district
Bangor
Directions
Take PA-191 North into Bangor. Continue on South Main Street; the property is on the right before the center of town.
Standard status
Active
APN
E9NE3A-6-7A-0102
Size
1,560 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Annual Amount
3066
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating)
Water source
Public
Building Details
Year built
1900
Floors in Building
2
Number of units
1
Listing Agency:
IronValley RE of Lehigh Valley
(610) 766-7200
Listed By:
Rick Matos
(484) 241-1011
Added: Jul 18
Changed: Aug 3
Last Checked: Aug 6 at 5:06PM
MLS# 780938
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 move-in ready, thoughtfully renovated 3-bedroom, 1-bath home is ready for its next owner. Updates throughout are designed to keep day-to-day tasks simple, with a semi-finished basement offering flexible bonus space and a convenient attic for additional storage.
On-street parking supports everyday access, while a private backyard adds an outdoor option at home. The property is located in Bangor Boro’s Slate Belt, with an easy commute to Allentown, Bethlehem, and Easton.
With a practical single-family layout supported by additional finished and storage areas, the home is positioned as rental-ready and turnkey for a new owner. Zoning is listed as 02R78.
On-street parking supports everyday access, while a private backyard adds an outdoor option at home. The property is located in Bangor Boro’s Slate Belt, with an easy commute to Allentown, Bethlehem, and Easton.
With a practical single-family layout supported by additional finished and storage areas, the home is positioned as rental-ready and turnkey for a new owner. Zoning is listed as 02R78.
Key Highlights
- 3‑bedroom, 1‑bath home with updates throughout and move‑in‑ready condition
- Semi‑finished basement for bonus space
- Attic storage for additional space
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$9,493
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.80%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$189,860
$189.9K
Cap Rate 7%
$135,614
$135.6K
Cap Rate 9%
$105,478
$105.5K
Market Conditions
NOI Build-Up for 1,560 SF
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.
Gross rent
$18.7K $12.00/SF
− Vacancy
−$1.5K −$0.94/SF
EGI
$17.3K $11.06/SF
− OpEx
−$7.8K −$4.98/SF
NOI
$9.5K $6.09/SF
Area
Northampton County, PA
Vacancy
7.80%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$189,860
Cap Rate 7%
$135,614
Cap Rate 9%
$105,478
Alternative Uses
Best Use
Apartment 5plus
$135.6K
$118.7K – $158.2K
NOI $9,493 @ 7.0% cap · market cap 3.80%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$295.9K
$258.9K – $345.2K
NOI $20,712 @ 7.0% cap · market cap 8.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
405
Businesses Nearby
Explore this area
Business Placement
Demographics for 18013, PA
17,436
Population
7,401
Households
2.4
Avg Household Size
44
Median Age
24%
College-Educated
89%
High-School Grad
63.0 sq mi
ZIP Area
277
Density / Sq Mi
$76,116
Median Household Income
$37,107
Median Earnings
$1,088
Median Rent
$245,700
Median Home Value
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Single family property - Move-in ready home with a semi-finished basement, attic storage, private backyard, and on-street parking.
Where is this single family property located?
The property is located at 288 S Main Street Bangor, PA.
What is the asking price?
The asking price for this property is $249,900.
What are key features of this property?
This property features: 3‑bedroom, 1‑bath home with updates throughout and move‑in‑ready condition; Semi‑finished basement for bonus space; Attic storage for additional space
