7-Unit Apartment
New
For Sale
$1,040,000
105 2nd St, Slatington, PA 18080
Recent work includes building-system upgrades, roof and siding updates, and apartment renovations.
Property Size5,893 SF
Price / SF$176.48
Days on Market5
Property Features for 105 2nd St
General Information
Standard status
Active
Size
5,893 SF
Property subtype
Residential Income
Occupancy
100%
Net Operating Income
$93,882
Units
Unit Mix
4 x 3BR, 1 x 2BR, 2 x 1BR
Multifamily Units
7
Additional Details
Gross Income
$123,660
Highway Access
Yes
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$11,413
Amenities
laundry room
Building Details
Buildings
1
Listing Agency:
EXP Realty LLC
(888) 397-7352
Listed By:
Akinlana Popoola · License #RS379206
(216) 820-1637
Source:
Exprealty
Added: Oct 21
Changed: Oct 23
Last Checked: Oct 24 at 8:24PM
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 LLC
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Investment Insights
Based on property information with market context.
Built in 1884, this seven-apartment property is fully occupied and offers a mix of four three-bedroom units, one two-bedroom unit, and two one-bedroom units. A second-floor laundry room contains a coin-operated washer and dryer.
Capital work has addressed plumbing, electrical service, roofing, siding, and apartment interiors. Cast-iron sewer piping was replaced with PVC in 2022, and most water lines were changed to PEX. The building now has all-electric service and seven electric water heaters. Several apartments have been renovated, with newer appliances installed.
The property is in Slatington, Lehigh County, near the Lehigh River, Lehigh Gap, and D&L Trail. Route 145 provides regional access to employers, hospitals, shopping, and other amenities.
Capital work has addressed plumbing, electrical service, roofing, siding, and apartment interiors. Cast-iron sewer piping was replaced with PVC in 2022, and most water lines were changed to PEX. The building now has all-electric service and seven electric water heaters. Several apartments have been renovated, with newer appliances installed.
The property is in Slatington, Lehigh County, near the Lehigh River, Lehigh Gap, and D&L Trail. Route 145 provides regional access to employers, hospitals, shopping, and other amenities.
Key Highlights
- Fully occupied 7‑unit apartment building
- Unit mix: four 3‑bedroom, one 2‑bedroom, and two 1‑bedroom apartments
- Built in 1884
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,426
Cap Rate
3.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$688,520
$688.5K
Cap Rate 7%
$491,800
$491.8K
Cap Rate 9%
$382,511
$382.5K
Market Conditions
NOI Build-Up for 5,893 SF
Gross rent
$67.9K $11.52/SF
− Vacancy
−$5.3K −$0.90/SF
EGI
$62.6K $10.62/SF
− OpEx
−$28.2K −$4.78/SF
NOI
$34.4K $5.84/SF
Area
Lehigh County, PA
Vacancy
7.80%
Lease Rate
$11.52 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$688,520
Cap Rate 7%
$491,800
Cap Rate 9%
$382,511
Alternative Uses
Best Use
Apartment 5plus
$491.8K
$430.3K – $573.8K
NOI $34,426 @ 7.0% cap · market cap 3.31%
Second Best
—
—
no second resolved use
Theoretical Best
Mixed Use
$866.6K
$758.3K – $1.01M
NOI $60,661 @ 7.0% cap · market cap 5.83%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
7
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
292
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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Recent work includes building-system upgrades, roof and siding updates, and apartment renovations.
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 $1,040,000.
What are key features of this property?
This property features: Fully occupied 7‑unit apartment building; Unit mix: four 3‑bedroom, one 2‑bedroom, and two 1‑bedroom apartments; Built in 1884
