Building Details

Building Size 2,400 SF

Year Built 1900

Buildings 1

Listing Agency: Light House Realty LV LLC

Listed By: Christine A. Stefchak Show Phone

Source: Bhhspaulfordrealtors

Added: Oct 15 Changed: Oct 21 Last Checked: Oct 21 at 2:18AM

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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 Light House Realty LV LLC

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Investment Insights

Based on property information with market context.

Built in 1900, this four-unit apartment property contains four 1-bedroom, 1-bath residences. Lease terms extend into 2027. Each apartment has an electric heat pump with central A/C, hardwood floors, wood cabinetry, granite countertops, and stainless appliances. The building also includes a full sprinkler system, shared laundry, and an asphalt parking area with space for 8 cars. Tenants pay utilities except for trash, and the units have separate electric and water meters.

The property is at the corner of N Main St and W High St in Topton Borough. Kutztown University is approximately 10 minutes away, while Bear Creek Resort in Macungie is approximately 13 minutes away.

Key Highlights

• Four 1‑bedroom, 1‑bath apartments; leases extend into 2027
• Built in 1900
• Separate electric and water meters; tenants pay utilities except trash

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$23,661

Cap Rate

4.30%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$473,220 $473.2K

Cap Rate 7%

$338,014 $338.0K

Cap Rate 9%

$262,900 $262.9K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,400 SF

Gross rent

$35.1K $14.64/SF

− Vacancy

−$1.3K −$0.56/SF

EGI

$33.8K $14.08/SF

− OpEx

−$10.1K −$4.23/SF

NOI

$23.7K $9.86/SF

Area

Berks County, PA

Vacancy

3.80%

Lease Rate

$14.64 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$473,220

Cap Rate 7%

$338,014

Cap Rate 9%

$262,900

Alternative Uses

Best Use

Multifamily LT 5

$338.0K

$295.8K – $394.4K (±1% cap)

NOI $23,661 @ 7.0% cap · market cap 4.30%

Second Best

Apartment 5plus

$295.4K

$258.5K – $344.7K (±1% cap)

NOI $20,681 @ 7.0% cap · market cap 3.76%

Theoretical Best

Office A

$394.0K

$344.7K – $459.7K (±1% cap)

NOI $27,579 @ 7.0% cap · market cap 5.01%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Lease Details

4

Residential units

100%

Occupancy

Yes

Sprinkler system

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

163

Businesses Nearby

Explore this area Business Placement

Demographics for 19562, PA

2,631

Population

1,323

Households

2

Avg Household Size

50

Median Age

19%

College-Educated

87%

High-School Grad

1.1 sq mi

ZIP Area

2,392

Density / Sq Mi

$78,709

Median Household Income

$45,776

Median Earnings

$1,149

Median Rent

$212,200

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Similar For Sale Nearby

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Specialty Commercial Property for Sale

26 N Main St, Topton, PA 19562

$335,000

4,676 SF

View details

6-Unit Apartment Building with Garages

100 High Street, Topton, PA 19562

$1,050,000

View details

Frequently Asked Questions

What type of property is this?

Quadplex - All four apartments are leased under terms extending into 2027, with tenants responsible for utilities other than trash.

Where is this quadplex located?

The property is located at 106 North Main Street Topton, PA.

What is the asking price?

The asking price for this property is $550,000.

What are key features of this property?

This property features: Four 1‑bedroom, 1‑bath apartments; leases extend into 2027; Built in 1900; Separate electric and water meters; tenants pay utilities except trash