Apartment Building with
For Sale
$449,000
60 Valley Street, New Philadelphia, PA 17959
CommercialSale, New Philadelphia Boro, PA
Property Size2,811 SF
Lot Size0.05 Acres
Price / SF$159.73
Days on Market368
Property Features for 60 Valley Street
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning
C-1
Parking
1
Parking features
On Street, Garage
Elementary school district
Saint Clair
Middle school district
Saint Clair
High school district
Saint Clair
Directions
78 W to 61 N; Right on 895 E; Left on S Market St; Left on 443 W; Right on Pine Creek Rd; Right on Mountain Rd; Left on Valley St.
Subdivision
New Philadelphia
Standard status
Active
APN
54-02-0266.000
Size
2,811 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
2475
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating)
Cooling system
Window Unit(s)
Water source
Public
Building Details
Year built
1900
Number of units
16
Listing Agency:
Keller Williams Allentown · Keller Williams Realty
(610) 435-1800
Listed By:
Brian K Bailey · License #AB065448
(484) 357-8559
Added: Aug 27, 2025
Changed: Aug 25
Last Checked: Aug 29 at 3:06AM
MLS# 763656
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 2,811-square-foot apartment building on a 0.05-acre parcel includes 15 weekly room rentals, a garage, and a first-floor restaurant. The garage and restaurant are not currently rented, providing distinct components within the property’s existing configuration. Built in 1900, the building is zoned C-1 and served by public water and public sewer.
The property occupies a corner location on Route 209 at 60 Valley Street in New Philadelphia Boro, Pennsylvania. Parking includes the garage and on-street spaces. Electric heating and window-unit cooling serve the building, supporting a mixed residential and commercial layout with established room-rental operations and additional areas that are currently unrented.
The property occupies a corner location on Route 209 at 60 Valley Street in New Philadelphia Boro, Pennsylvania. Parking includes the garage and on-street spaces. Electric heating and window-unit cooling serve the building, supporting a mixed residential and commercial layout with established room-rental operations and additional areas that are currently unrented.
Key Highlights
- 15 weekly room rentals
- 2,811 square feet on 0.05 acres
- First‑floor restaurant is not currently rented
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
$27,930
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
6.22%
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%
$558,600
$558.6K
Cap Rate 7%
$399,000
$399.0K
Cap Rate 9%
$310,333
$310.3K
Market Conditions
NOI Build-Up for 2,811 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
$40.5K $14.40/SF
− Vacancy
−$3.2K −$1.15/SF
EGI
$37.2K $13.25/SF
− OpEx
−$9.3K −$3.31/SF
NOI
$27.9K $9.94/SF
Area
Schuylkill County, PA
Vacancy
8.00%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
25.00%
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%
$558,600
Cap Rate 7%
$399,000
Cap Rate 9%
$310,333
Alternative Uses
Best Use
Specialty Retail
$399.0K
$349.1K – $465.5K
NOI $27,930 @ 7.0% cap · market cap 6.22%
Second Best
Apartment 5plus
$219.7K
$192.2K – $256.3K
NOI $15,379 @ 7.0% cap · market cap 3.43%
Theoretical Best
Office A
$421.7K
$369.0K – $491.9K
NOI $29,516 @ 7.0% cap · market cap 6.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
73
Businesses Nearby
Explore this area
Business Placement
Demographics for 17959, PA
1,341
Population
766
Households
1.8
Avg Household Size
48
Median Age
14%
College-Educated
92%
High-School Grad
14.0 sq mi
ZIP Area
96
Density / Sq Mi
$58,239
Median Household Income
$44,400
Median Earnings
$575
Median Rent
$81,400
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?
Apartment building - Weekly room rentals are complemented by a first-floor restaurant and garage.
Where is this apartment building located?
The property is located at 60 Valley Street New Philadelphia, PA.
What is the asking price?
The asking price for this property is $449,000.
What are key features of this property?
This property features: 15 weekly room rentals; 2,811 square feet on 0.05 acres; First‑floor restaurant is not currently rented
