Turnkey Multifamily
105 2nd St Slatington, PA 18080
105 2nd St, Slatington, PA, 18080
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For Sale
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Fully occupied seven-unit building with off-street parking, leased garages, and an on-site coin-operated laundry.
Property Size5,893 SF
Price / SF$182.42
Days on Market37
Property Features for 105 2nd St
General Information
- Standard status
- Active
- Size
- 5,893 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1900
Listing agency
EXP Realty
(412) 925-5551
Listed by
Akinlana Popoola · License #RS379206
Source
Crexi
Added: Jun 15 Updated: Jul 20 at 6:52PM Checked: Jul 20 at 6:52PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of EXP Realty
Investment Insights
Based on property information with market context.
This fully occupied seven-unit multifamily property is arranged with four 3-bedroom units and three 2-bedroom units. The building includes six off-street parking spaces and two leased garages, along with a coin-operated laundry facility that provides additional income. Tenants pay for electric and heat, and the property is fully converted to all-electric systems. Landlord expenses are limited to taxes, insurance, and water/sewer/trash.
Recent capital improvements include full sewer line replacement (cast iron to PVC), extensive PEX water line upgrades, installation of seven new electric hot water heaters, and roof and siding improvements. A laundry room installation and multiple apartment renovations are also noted as part of over $200,000 in completed upgrades, supporting the property’s turnkey appeal.
Recent capital improvements include full sewer line replacement (cast iron to PVC), extensive PEX water line upgrades, installation of seven new electric hot water heaters, and roof and siding improvements. A laundry room installation and multiple apartment renovations are also noted as part of over $200,000 in completed upgrades, supporting the property’s turnkey appeal.
Key Highlights
- Fully occupied 7‑unit multifamily generating $120,117 gross income and $78,938 net income.
- Unit mix includes four 3‑bedroom units and three 2‑bedroom units.
- Capital improvements exceed $200,000, including full sewer line replacement (cast iron to PVC).
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 | $67.9k | $11.52 |
| − Vacancy | −$5.3k | −$0.90 |
| EGI | $62.6k | $10.62 |
| − OpEx | −$28.2k | −$4.78 |
| NOI | $34.4k | $5.84 |
5,893 SF · lease $11.52/SF/yr · vacancy 7.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$491.8K
$430.3K – $573.8K
NOI $34,426 @ 7.0% cap · market cap 3.20%
Second Best
—
—
no second resolved use
Theoretical Best
Mixed Use
$866.6K
$758.3K – $1.01M
NOI $60,661 @ 7.0% cap · market cap 5.64%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Fully occupied seven-unit building with off-street parking, leased garages, and an on-site coin-operated laundry.
Where is this apartment building located?
The property is located at 105 2nd St Slatington, PA.
What is the asking price?
The asking price for this property is $1,075,000.
What are key features of this property?
This property features: Fully occupied 7‑unit multifamily generating $120,117 gross income and $78,938 net income.; Unit mix includes four 3‑bedroom units and three 2‑bedroom units.; Capital improvements exceed $200,000, including full sewer line replacement (cast iron to PVC).
