Canal-View Duplex with Large
New
For Sale
$215,000
39 Canal Street, Lehighton, PA 18235
Residential Income, Lehighton, PA
Property Size2,001 SF
Lot Size0.25 Acres
Price / SF$107.45
Days on Market2
Property Features for 39 Canal Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
res
Zoning description
Residential
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bedroom 2, Bedroom 1, Bedroom 4, Bathroom 2, Bathroom 1
Parking
4
Patio and Porch features
Porch, Patio
Interior features
Pantry, Eat-in Kitchen, Built-in Features
Basement
Full, Finished, Apartment
Appliances
Electric Oven
Lot features
Front Yard, Cleared
Elementary school district
Lehighton Area
Middle school district
Lehighton Area
High school district
Lehighton Area
Subdivision
Franklin Township
Standard status
Active
APN
70F-11-122
Size
2,001 SF
Lot size
0.25 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
2197
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Baseboard, Oil, Radiant
Water source
Public
Amenities
porch
yard
Building Details
Year built
1940
Floors in Building
2
Number of units
2
Flooring type
Laminate
Building materials
T1-11, Vinyl Siding
Roof type
Shingle, Asphalt
Architectural style
Other
Listing Agency:
RE/MAX Real Estate - Allentown
(610) 770-9000
Listed By:
Pamela Gothard · License #AB065634
(610) 770-9000
Added: Aug 21
Last Checked: Aug 22 at 6:06PM
MLS# PM-144120
Copyright © 2026 Pocono Mountains Association of 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 2,001-square-foot duplex contains two apartments, each arranged with 2 bedrooms and 1 full bath. The first-floor residence includes updated kitchen and bathroom areas and is ready for occupancy, while the second-floor unit has a long-term tenant in place. Interior features include an eat-in kitchen, pantry, built-in features, and laminate flooring. The property was built in 1940 and includes a porch, patio, shingle and asphalt roofing, public water, and public sewer.
Set beside the Weissport Canal, the upper-level porch faces the canal and surrounding wildlife. The 0.25-acre parcel also includes a yard and is located in the Lehighton Area School District. Shopping, dining, and everyday services along Route 443 and Route 209 are minutes away. The property is located at 39 Canal Street, Lehighton, PA 18235.
Set beside the Weissport Canal, the upper-level porch faces the canal and surrounding wildlife. The 0.25-acre parcel also includes a yard and is located in the Lehighton Area School District. Shopping, dining, and everyday services along Route 443 and Route 209 are minutes away. The property is located at 39 Canal Street, Lehighton, PA 18235.
Key Highlights
- Two‑unit duplex with 2 bedrooms and 1 full bath in each apartment
- 2,001 square feet on a 0.25‑acre lot
- First‑floor kitchen and bathroom recently updated
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
$18,463
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
8.59%
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%
$369,260
$369.3K
Cap Rate 7%
$263,757
$263.8K
Cap Rate 9%
$205,144
$205.1K
Market Conditions
NOI Build-Up for 2,001 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
$36.0K $18.00/SF
− Vacancy
−$2.4K −$1.22/SF
EGI
$33.6K $16.78/SF
− OpEx
−$15.1K −$7.55/SF
NOI
$18.5K $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%
$369,260
Cap Rate 7%
$263,757
Cap Rate 9%
$205,144
Alternative Uses
Best Use
Multifamily LT 5
$299.8K
$262.4K – $349.8K
NOI $20,989 @ 7.0% cap · market cap 9.76%
Second Best
Apartment 5plus
$263.8K
$230.8K – $307.7K
NOI $18,463 @ 7.0% cap · market cap 8.59%
Theoretical Best
Specialty Retail
$393.1K
$344.0K – $458.6K
NOI $27,518 @ 7.0% cap · market cap 12.80%
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
419
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
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Frequently Asked Questions
What type of property is this?
Duplex - Two apartments support owner occupancy or rental use, with one unit recently updated and the other occupied by a long-term tenant.
Where is this duplex located?
The property is located at 39 Canal Street Lehighton, PA.
What is the asking price?
The asking price for this property is $215,000.
What are key features of this property?
This property features: Two‑unit duplex with 2 bedrooms and 1 full bath in each apartment; 2,001 square feet on a 0.25‑acre lot; First‑floor kitchen and bathroom recently updated
