Detached Two-Unit Duplex With
For Sale
$279,000
313 Main Street, Slatington, PA 18080
MULTI_FAMILY - Slatington Boro, PA
Property Size2,503 SF
Lot Size0.17 Acres
Price / SF$111.47
Days on Market22
Property Features for 313 Main Street
General Information
Property type
Residential Multi Family
Property subtype
Apartment
Zoning
TR
Bedrooms
8
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bedroom 4, Bathroom 2, Bedroom 2, Bedroom 6, Bedroom 3, Bedroom 5, Bedroom 1, Bedroom 8, Bedroom 7
Parking
6
Parking features
Off Street, Parking Lot, Driveway
Subdivision
Not in Development
Elementary school district
Northern Lehigh
Middle school district
Northern Lehigh
High school district
Northern Lehigh
Directions
PA-309 N, continue straight onto PA-873 N and follow in to Slatington, property is on the right before Center St
Standard status
Active
APN
556214702921-1
Size
2,503 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Annual Amount
4744
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas, Electric (Heating)
Cooling system
Window Unit(s)
Water source
Public
Building Details
Year built
1870
Floors in Building
2
Number of units
2
Building materials
VinylSiding
Listing Agency:
IronValley RE of Lehigh Valley
(610) 766-7200
Listed By:
Rick Matos
(484) 515-8705
Added: Jul 16
Changed: Aug 5
Last Checked: Aug 6 at 5:06PM
MLS# 780809
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.
Detached two-unit duplex offers income-producing, well maintained detached living with updated interiors and separate utilities to each unit. Unit 1 features a spacious entrance foyer, four bedrooms, a large living room, an eat-in kitchen, an oversized full bath, and a dedicated laundry room with washer and dryer. Unit 1 is served by gas forced-air heat.
Unit 2 includes an enclosed front porch entrance, a bright living room, an eat-in kitchen, a large full bath, and two bedrooms on the second floor plus two additional bedrooms and a versatile loft area on the finished third floor. Unit 2 is heated with electric baseboard. Both units have been updated with fresh paint and new flooring, and the renovated kitchens include granite countertops, new cabinetry, and newer appliances.
Additional property features include plenty of off-street parking, newer vinyl siding, and both hot water heaters recently replaced. The property is serviced by public water and public sewer, and separate electric, heat, and water/sewer utilities with separate water meters allow tenants to pay their own water bills. The detached two-unit building sits on a 0.169-acre lot and provides 2,503 square feet of space, built in 1870.
Unit 2 includes an enclosed front porch entrance, a bright living room, an eat-in kitchen, a large full bath, and two bedrooms on the second floor plus two additional bedrooms and a versatile loft area on the finished third floor. Unit 2 is heated with electric baseboard. Both units have been updated with fresh paint and new flooring, and the renovated kitchens include granite countertops, new cabinetry, and newer appliances.
Additional property features include plenty of off-street parking, newer vinyl siding, and both hot water heaters recently replaced. The property is serviced by public water and public sewer, and separate electric, heat, and water/sewer utilities with separate water meters allow tenants to pay their own water bills. The detached two-unit building sits on a 0.169-acre lot and provides 2,503 square feet of space, built in 1870.
Key Highlights
- Detached two‑unit duplex built in 1870 on a 0.169‑acre lot
- 2,503 SF with updated interiors, fresh paint, and new flooring throughout
- Renovated kitchens with granite countertops, new cabinetry, and newer appliances
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
$16,742
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
6.00%
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%
$334,840
$334.8K
Cap Rate 7%
$239,171
$239.2K
Cap Rate 9%
$186,022
$186.0K
Market Conditions
NOI Build-Up for 2,503 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
$25.8K $10.32/SF
− Vacancy
−$1.9K −$0.76/SF
EGI
$23.9K $9.56/SF
− OpEx
−$7.2K −$2.87/SF
NOI
$16.7K $6.69/SF
Area
Lehigh County, PA
Vacancy
7.41%
Lease Rate
$10.32 /SF/Yr
Expense Ratio
30.00%
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%
$334,840
Cap Rate 7%
$239,171
Cap Rate 9%
$186,022
Alternative Uses
Best Use
Multifamily LT 5
$239.2K
$209.3K – $279.0K
NOI $16,742 @ 7.0% cap · market cap 6.00%
Second Best
Apartment 5plus
$208.9K
$182.8K – $243.7K
NOI $14,622 @ 7.0% cap · market cap 5.24%
Theoretical Best
Mixed Use
$368.1K
$322.1K – $429.4K
NOI $25,765 @ 7.0% cap · market cap 9.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
292
Businesses Nearby
Explore this area
Business Placement
Demographics for 18080, PA
11,454
Population
4,947
Households
2.3
Avg Household Size
45
Median Age
20%
College-Educated
91%
High-School Grad
30.2 sq mi
ZIP Area
379
Density / Sq Mi
$73,947
Median Household Income
$47,723
Median Earnings
$808
Median Rent
$254,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Detached two-unit duplex with updated interiors, separate utilities with water meters, and off-street parking.
Where is this duplex located?
The property is located at 313 Main Street Slatington, PA.
What is the asking price?
The asking price for this property is $279,000.
What are key features of this property?
This property features: Detached two‑unit duplex built in 1870 on a 0.169‑acre lot; 2,503 SF with updated interiors, fresh paint, and new flooring throughout; Renovated kitchens with granite countertops, new cabinetry, and newer appliances
