7-Unit Apartment
New
For Sale
$1,040,000
105 2nd Street, Slatington, PA 18080
ResidentialIncome, Slatington Boro, PA
Property Size5,893 SF
Lot Size0.24 Acres
Price / SF$176.48
Days on Market2
Property Features for 105 2nd Street
General Information
Property type
Residential Multi Family
Property subtype
Apartment
Zoning
TR
Bedrooms
16
Bathrooms
7
Full bathrooms
7
Rooms
Bathroom 3, Bedroom 1, Bathroom 4, Bedroom 5, Bedroom 12, Bedroom 4, Bedroom 15, Bathroom 6, Bathroom 7, Bedroom 3, Bedroom 14, Bathroom 2, Bedroom 10, Bedroom 16, Bathroom 1, Bedroom 6, Bedroom 2, Bathroom 5, Bedroom 13, Bedroom 7, Bedroom 11, Bedroom 8, Bedroom 9
Parking
7
Parking features
On Street, Off Street, Garage
Subdivision
Not in Development
Elementary school district
Northern Lehigh
Middle school district
Northern Lehigh
High school district
Northern Lehigh
Directions
From Route 22, take the PA-309 North exit toward Slatington and continue onto PA-873 North. Follow PA-873 into Slatington, then turn onto 2nd Street and continue to 105 2nd Street.
Standard status
Active
APN
556213142322-1
Size
5,893 SF
Lot size
0.24 Acres
Taxes and HOA fees
Tax Annual Amount
11414
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Baseboard
Cooling system
Window Unit(s)
Water source
Public
Amenities
laundry room
Building Details
Year built
1884
Floors in Building
3
Number of units
7
Building materials
VinylSiding
Listing Agency:
EXP Realty LLC
(888) 397-7352
Listed By:
Akinlana Popoola
(610) 735-6082
Added: Oct 21
Last Checked: Oct 22 at 6:06PM
MLS# 786694
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.
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Investment Insights
Based on property information with market context.
This 5,893-square-foot apartment building contains seven units: four three-bedroom apartments, one two-bedroom apartment, and two one-bedroom apartments. Improvements include plumbing, electrical, roof, siding, and interior work. Cast-iron sewer lines were replaced with PVC in 2022, and most water lines were changed to PEX. The building has all-electric service and seven electric water heaters. A second-floor laundry room has a coin-operated washer and dryer. The property was built in 1884 and sits on 0.235 acres with TR zoning.
The building is in Slatington, with Route 145 providing access to Lehigh Valley employers, hospitals, shopping, and other regional amenities. The Lehigh River, Lehigh Gap, and D&L Trail are among the nearby outdoor destinations.
Residents cover their electric and heat, while property expenses include taxes, insurance, water, and sewer. The property has public water and sewer service, window-unit cooling, and on- and off-street parking plus a garage.
The building is in Slatington, with Route 145 providing access to Lehigh Valley employers, hospitals, shopping, and other regional amenities. The Lehigh River, Lehigh Gap, and D&L Trail are among the nearby outdoor destinations.
Residents cover their electric and heat, while property expenses include taxes, insurance, water, and sewer. The property has public water and sewer service, window-unit cooling, and on- and off-street parking plus a garage.
Key Highlights
- Seven apartments: four 3‑bedroom, one 2‑bedroom, and two 1‑bedroom units
- 5,893 square feet on 0.235 acres; TR zoning
- Fully occupied; tenants pay their own electric and heat
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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Open Analytics
Lease Details
7
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
294
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - The apartments are fully occupied, and tenants pay their own electric and heat.
Where is this apartment building located?
The property is located at 105 2nd Street 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: Seven apartments: four 3‑bedroom, one 2‑bedroom, and two 1‑bedroom units; 5,893 square feet on 0.235 acres; TR zoning; Fully occupied; tenants pay their own electric and heat
