Two-Unit Duplex with
For Sale
$251,500
320 N 1st Street, Lehighton, PA 18235
MULTI_FAMILY - Lehighton Boro, PA
Property Size2,400 SF
Lot Size0.14 Acres
Price / SF$104.79
Days on Market72
Property Features for 320 N 1st Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
C-3
Parking
2
Parking features
Garage
Subdivision
No Subdivision
Elementary school district
Lehighton
Middle school district
Lehighton
High school district
Lehighton
Directions
Rt. 248 West, Left on Bridge St, Right to stay on Bridge St, sharp Left onto N. 1st St, home on the Right.
Standard status
Active
APN
70A10-30-R30
Size
2,400 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Annual Amount
3779
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Water source
Public
Building Details
Year built
1925
Number of units
2
Building materials
VinylSiding
Listing Agency:
BHHS - Choice Properties · Prudential Real Estate
(610) 759-7833
Listed By:
Ann L. Lerch
(484) 264-9411
Added: Jun 2
Changed: Aug 4
Last Checked: Aug 12 at 9:06AM
MLS# 777976
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 2,400-square-foot duplex contains two residential apartments, each with two bedrooms and one full bathroom. Both units are occupied and equipped with natural gas heat and washer and dryer hookups. The upper apartment adds a bonus room that can serve as office, hobby, or storage space, along with access to attic storage. Vinyl siding complements the 1925 construction.
A detached two-car garage is rented separately, adding another income-producing component. The property includes on-street parking and sits on a 0.144-acre lot at 320 N 1st Street in Lehighton Boro, PA 18235. Public water and public sewer serve the property, which carries C-3 zoning.
A detached two-car garage is rented separately, adding another income-producing component. The property includes on-street parking and sits on a 0.144-acre lot at 320 N 1st Street in Lehighton Boro, PA 18235. Public water and public sewer serve the property, which carries C-3 zoning.
Key Highlights
- Two 2‑bedroom, 1‑bath apartments within a 2,400‑square‑foot duplex
- Both residential units are currently occupied
- Detached two‑car garage rented separately
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
$22,144
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
8.80%
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%
$442,880
$442.9K
Cap Rate 7%
$316,343
$316.3K
Cap Rate 9%
$246,044
$246.0K
Market Conditions
NOI Build-Up for 2,400 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
$43.2K $18.00/SF
− Vacancy
−$2.9K −$1.22/SF
EGI
$40.3K $16.78/SF
− OpEx
−$18.1K −$7.55/SF
NOI
$22.1K $9.23/SF
Area
Carbon County, PA
Vacancy
6.80%
Lease Rate
$18.00 /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%
$442,880
Cap Rate 7%
$316,343
Cap Rate 9%
$246,044
Alternative Uses
Best Use
Multifamily LT 5
$359.6K
$314.7K – $419.6K
NOI $25,175 @ 7.0% cap · market cap 10.01%
Second Best
Apartment 5plus
$316.3K
$276.8K – $369.1K
NOI $22,144 @ 7.0% cap · market cap 8.80%
Theoretical Best
Specialty Retail
$471.5K
$412.6K – $550.1K
NOI $33,005 @ 7.0% cap · market cap 13.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
88
Businesses Nearby
Explore this area
Business Placement
Demographics for 18235, PA
19,139
Population
8,796
Households
2.2
Avg Household Size
47
Median Age
19%
College-Educated
89%
High-School Grad
86.9 sq mi
ZIP Area
220
Density / Sq Mi
$72,626
Median Household Income
$44,418
Median Earnings
$1,003
Median Rent
$218,000
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Occupied apartments, separate garage rent, and public utilities support an established residential income property.
Where is this duplex located?
The property is located at 320 N 1st Street Lehighton, PA.
What is the asking price?
The asking price for this property is $251,500.
What are key features of this property?
This property features: Two 2‑bedroom, 1‑bath apartments within a 2,400‑square‑foot duplex; Both residential units are currently occupied; Detached two‑car garage rented separately
