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    962 Pennsylvania Avenue Pen Argyl, PA 18072

    View on Map
    For Sale
    $524,900

    MULTI_FAMILY - PEN ARGYL, PA

    Added:
    Nov 28, 2025
    Days on Market:
    125
    Last Refresh:
    Apr 2 at 6:06 am

    Property Features for 962 Pennsylvania Avenue

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    SB
    Bedrooms
    7
    Bathrooms
    2
    Rooms
    Bedroom 2, Bedroom 6, Bedroom 1, Bedroom 4, Bedroom 5, Bedroom 3, Bathroom 1, Bathroom 2, Bedroom 7
    Parking
    11
    Parking features
    Garage
    Interior features
    WiredForData
    Standard status
    Active
    APN
    E8SW2 11 11A 0626

    Taxes and HOA fees

    TaxAnnualAmount
    6692

    Utilities

    Sewer type
    Septic Tank
    Heating system
    Electric (Heating)
    Water source
    Public

    Building Details

    Year built
    1970
    Floors in Building
    1
    Number of units
    2
    Building materials
    AluminumSiding

    We can help!

    Listing Contact
    Jason R. Kocsis

    Listing agent Jason R. Kocsis

    Listing office Home Team Real Estate 52 Highland Ave, Ste B, Bethlehem, PA

    Listing date Nov 28, 2025

    MLS# 768645 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.

    Overview

    Visible Mixed-Use Property, Pen Argyl

    This highly visible mixed-use property is located on Route 512 in Plainfield Township. Situated on a 1.31-acre corner lot, the property offers accessibility and visibility. It features two occupied units. One unit is a commercial office space offering 1400 square feet, currently rented for $2,000 per month under a long-term lease. This office space is attached to a large, completely remodeled residential unit featuring 4 bedrooms, 3 bathrooms, and an oversized 2-car garage in a park-like setting, currently rented for $2,200. The property includes a parking lot accommodating 11 cars. Additional features include separate meters, an upper office deck, a lower-level concrete patio, an additional covered patio, a shed, and a wood-burning fireplace.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Real Estate Agency Law Firm Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Gym & Fitness Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Pen Argyl
    County
    Northampton
    State
    Pennsylvania
    Longitude
    -75.273694
    Latitude
    40.858681

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    FAQs

    What type of property is this?
    Mixed-use property - Highly visible mixed-use property with income potential in Pen Argyl.
    Where is this mixed-use property located?
    The property is located at 962 Pennsylvania Avenue Pen Argyl, PA.
    What is the asking price?
    The asking price for this property is $524,900.
    What are key features of this property?
    This property features: High‑visibility corner lot location on Route 512 with 1.31 acres.; Two income‑generating units: a commercial office and a 4‑bedroom residential unit.; Commercial office unit with long‑term lease, generating $2,000/month.
    (610) 419-8888
    We can help!
    Listing Contact
    Jason R. Kocsis
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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