Updated 4-Unit
For Sale
$619,900
662 Main Street, Slatington, PA 18080
ResidentialIncome, Slatington Boro, PA
Property Size5,614 SF
Lot Size0.06 Acres
Price / SF$110.42
Days on Market24
Property Features for 662 Main Street
General Information
Property type
Residential Multi Family
Property subtype
Apartment
Zoning
TC
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 2, Bedroom 6, Bathroom 4, Bedroom 2, Bedroom 3, Bedroom 5, Bathroom 3, Bedroom 4, Bathroom 1, Bedroom 1
Parking
4
Parking features
Off Street, On Street
Subdivision
Not in Development
Elementary school district
Northern Lehigh
Middle school district
Northern Lehigh
High school district
Northern Lehigh
Directions
309N to 873N. Property on L.
Standard status
Active
APN
556203543664 1
Size
5,614 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Annual Amount
7209
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Baseboard
Water source
Public
Building Details
Year built
1900
Floors in Building
3
Number of units
4
Building materials
Brick
Listing Agency:
RE/MAX Real Estate · RE/MAX International
(610) 770-9000
Listed By:
Bob Susko Jr.
(610) 751-1896
Added: Jul 29
Changed: Aug 19
Last Checked: Aug 21 at 2:06PM
MLS# 781710
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 4-unit quadplex contains 5,614 square feet on a 0.061-acre parcel and was built in 1900. The brick building has received substantial updates, including a newer roof, refreshed kitchens and bathrooms, and LVP flooring across most of the property. Electric baseboard heating serves the building, with public water and sewer in place.
A daycare tenant occupies the first floor, while off-street and on-street parking support tenants and visitors. The property is located on Main Street in Slatington Boro, within walking distance of restaurants, shops, and everyday conveniences. TC zoning and an indicated 9.77% cap rate add relevant detail for evaluating the asset.
A daycare tenant occupies the first floor, while off-street and on-street parking support tenants and visitors. The property is located on Main Street in Slatington Boro, within walking distance of restaurants, shops, and everyday conveniences. TC zoning and an indicated 9.77% cap rate add relevant detail for evaluating the asset.
Key Highlights
- 4‑unit quadplex with 5,614 square feet of building area
- 0.061‑acre parcel in Slatington Boro
- First‑floor daycare tenant with over $70,000 in improvements invested
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
$37,550
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
6.06%
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%
$751,000
$751.0K
Cap Rate 7%
$536,429
$536.4K
Cap Rate 9%
$417,222
$417.2K
Market Conditions
NOI Build-Up for 5,614 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
$57.9K $10.32/SF
− Vacancy
−$4.3K −$0.76/SF
EGI
$53.6K $9.56/SF
− OpEx
−$16.1K −$2.87/SF
NOI
$37.6K $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%
$751,000
Cap Rate 7%
$536,429
Cap Rate 9%
$417,222
Alternative Uses
Best Use
Multifamily LT 5
$536.4K
$469.4K – $625.8K
NOI $37,550 @ 7.0% cap · market cap 6.06%
Second Best
Apartment 5plus
$468.5K
$410.0K – $546.6K
NOI $32,796 @ 7.0% cap · market cap 5.29%
Theoretical Best
Mixed Use
$825.6K
$722.4K – $963.2K
NOI $57,789 @ 7.0% cap · market cap 9.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
274
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?
Quadplex - Four residential units with a first-floor daycare tenant, public utilities, and off-street parking in Slatington Boro.
Where is this quadplex located?
The property is located at 662 Main Street Slatington, PA.
What is the asking price?
The asking price for this property is $619,900.
What are key features of this property?
This property features: 4‑unit quadplex with 5,614 square feet of building area; 0.061‑acre parcel in Slatington Boro; First‑floor daycare tenant with over $70,000 in improvements invested
