8-Unit Apartment Building with
435 W Main Street Pen Argyl, PA 18072
435 W Main Street, Pen Argyl, PA, 18072
$1,599,000
For Sale
$1,599,000
MULTI_FAMILY - Pen Argyl Boro, PA
Property Size11,586 SF
Lot Size0.16 Acres
Price / SF$138.01
Days on Market51
Property Features for 435 W Main Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- 25R78
- Bedrooms
- 16
- Bathrooms
- 8
- Rooms
- Bedroom 10, Bathroom 3, Bedroom 1, Bedroom 7, Bedroom 5, Bedroom 11, Bedroom 12, Bedroom 3, Bathroom 6, Bedroom 8, Bedroom 16, Bathroom 8, Bathroom 5, Bedroom 6, Bedroom 2, Bathroom 1, Bathroom 7, Bathroom 2, Bedroom 15, Bedroom 13, Bedroom 14, Bedroom 4, Bedroom 9, Bathroom 4
- Parking
- 6
- Parking features
- Garage, Off Street
- Standard status
- Active
- APN
- E8NE3A-2-4-0625
- Size
- 11,586 SF
- Lot size
- 0.16 Acres
Taxes and HOA fees
- Tax Annual Amount
- 8601
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas
- Water source
- Public
Building Details
- Year built
- 1900
- Floors in Building
- 2
- Number of units
- 8
- Building materials
- AluminumSiding
Listing Agency
CENTURY 21 Keim Realtors
(610) 395-0393
90 N Cedar Crest Blvd, Allentown, PA
Listed by
Ira R Gordon · License #RB-045762-L
(877) 208-4158
Added: May 27 Checked: Jul 16 at 4:06 pm
MLS# 777741
Listing URL
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 8-unit apartment building offers eight 2-bedroom, 1-bath residences and includes 6 garages and 10 storage units, with additional basement storage area. The property is described as well-maintained, with some units featuring hardwood flooring in living rooms and bedrooms, and many units noted as having been completely remodeled with updated finishes.
Recent capital improvements include a new heating system, new sump pump, and a new hot water heater. The current setup includes heat and hot water paid by the owner. The building is located at 435 W Main Street in Pen Argyl, in the Slate Belt region, with access to shopping, schools, and major commuter routes.
For income details provided in the listing, the property is reported to generate gross annual income of $172,620 and net operating income of $145,509, along with an 8% cap rate.
Recent capital improvements include a new heating system, new sump pump, and a new hot water heater. The current setup includes heat and hot water paid by the owner. The building is located at 435 W Main Street in Pen Argyl, in the Slate Belt region, with access to shopping, schools, and major commuter routes.
For income details provided in the listing, the property is reported to generate gross annual income of $172,620 and net operating income of $145,509, along with an 8% cap rate.
Key Highlights
- 8‑unit apartment building with eight 2‑bedroom, 1‑bath apartments
- Gross annual income of $172,620 and net operating income of $145,509 with an 8% cap rate
- Income add‑ons include 6 garages and 10 storage units
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $139.0k | $12.00 |
| − Vacancy | −$10.8k | −$0.94 |
| EGI | $128.2k | $11.06 |
| − OpEx | −$57.7k | −$4.98 |
| NOI | $70.5k | $6.09 |
11,586 SF · lease $12.00/SF/yr · vacancy 7.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.01M
$881.3K – $1.18M
NOI $70,503 @ 7.0% cap · market cap 4.41%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.20M
$1.92M – $2.56M
NOI $153,825 @ 7.0% cap · market cap 9.62%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Eight 2-bedroom, 1-bath units with attached garages and storage, plus recent mechanical upgrades.
Where is this apartment building located?
The property is located at 435 W Main Street Pen Argyl, PA.
What is the asking price?
The asking price for this property is $1,599,000.
What are key features of this property?
This property features: 8‑unit apartment building with eight 2‑bedroom, 1‑bath apartments; Gross annual income of $172,620 and net operating income of $145,509 with an 8% cap rate; Income add‑ons include 6 garages and 10 storage units
