Remodeled Two-Unit Apartment
116 W Main Street, Pen Argyl, PA 18072
New
MULTI_FAMILY - Other - Pen Argyl, PA
Property size:
4,069 SFLot size:
0.09 AcresPrice / SF:
$78/SF- Added:
- Jul 1, 2026
- Days on Market:
- 2
- Last Refresh:
- Jul 2 at 2:06 pm
Property Features for 116 W Main Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- Gb
- Bedrooms
- 5
- Bathrooms
- 2
- Rooms
- Bedroom 5, Bedroom 2, Basement, Bedroom 4, Bathroom 1, Bedroom 3, Bathroom 2, Bedroom 1
- Parking
- 4
- Patio and Porch features
- Porch
- Interior features
- Granite Counters, Ceiling Fan(s), Storage
- Basement
- Full, Unfinished
- Appliances
- Self Cleaning Oven, Electric Range, Refrigerator, Stainless Steel Appliance(s)
- Standard status
- Active
- APN
- 5665-04-7884-8569
- Size
- 4,069 SF
- Lot size
- 0.09 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Description
- Block: 59 /Lot: 7 /School District: 02-Bethlehem Area /Fuel Type: Gas
- Tax Annual Amount
- 3272
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas, Steam
- Cooling system
- Ceiling Fan(s)
- Water source
- Public
Building Details
- Year built
- 1900
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Laminate
- Building materials
- Vinyl Siding
- Roof type
- Asphalt
- Architectural style
- Other
- Additional Structures
- Storage
Listing agent JD Lepeta License #RS309797 (610) 867-8888
Listing office Keller Williams Real Estate - Northampton Co 2901 Emrick Blvd. Suite 100, Bethlehem, PA (610) 867-8888
Listing date Jul 1, 2026
MLS# PM-142714
Listing URL
Copyright © 2026 Pocono Mountains Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Fully remodeled 2‑unit apartment building with a 2‑bedroom/1‑bath first‑floor unit and a 3‑bedroom/1‑bath second‑floor unit
- Investor or owner‑occupant setup: live in one unit and rent the other, with both apartments described as fully remodeled
- Updated kitchen features include granite counters and stainless steel appliances, plus an electric range and self‑cleaning oven
- Heating by natural gas steam; cooling via ceiling fans
- Off‑street parking in the rear and multiple outdoor spaces, including a covered front porch and a rear covered porch
- Public utilities: public water and public sewer; asphalt shingle roof; vinyl siding; built in 1900
Overview
This fully remodeled two-unit apartment building offers a practical income-producing layout with updated finishes throughout. The first-floor unit features 2 bedrooms and 1 full bathroom, with a bright living area and dining space, an updated kitchen, and a modern bathroom. Residents also have access to the basement for additional storage. The second-floor unit includes 3 bedrooms and 1 full bathroom and offers attic storage access, adding extra space beyond the living areas. The building provides covered porches at the front for both units and a covered rear porch, along with yard space for outdoor use. Private off-street parking spaces are located in the rear of the building.
The property is located at 116 W Main Street in Pen Argyl, Pennsylvania, on a convenient Main Street setting. The lot is approximately 0.09 acres, and the total building size is approximately 4,069 square feet.
With two separate residential units and shared common areas supporting storage, this property can fit a range of owner and tenant scenarios, including house-hacking or straightforward tenancy. Its updated kitchens and bathrooms, along with dedicated parking and porches, provide tangible day-to-day features for prospective occupants and buyers evaluating a residential income property.
The property is located at 116 W Main Street in Pen Argyl, Pennsylvania, on a convenient Main Street setting. The lot is approximately 0.09 acres, and the total building size is approximately 4,069 square feet.
With two separate residential units and shared common areas supporting storage, this property can fit a range of owner and tenant scenarios, including house-hacking or straightforward tenancy. Its updated kitchens and bathrooms, along with dedicated parking and porches, provide tangible day-to-day features for prospective occupants and buyers evaluating a residential income property.
Local Financial Insights For Multifamily LT 5
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 | $41.5k | $10.20 |
| − Vacancy | −$3.1k | −$0.76 |
| EGI | $38.4k | $9.44 |
| − OpEx | −$11.5k | −$2.83 |
| NOI | $26.9k | $6.61 |
4,069 SF · lease $10.20/SF/yr · vacancy 7.41% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$384.3K
$336.3K – $448.3K
NOI $26,900 @ 7.0% cap · market cap 8.41%
Second Best
Apartment 5plus
$353.7K
$309.5K – $412.7K
NOI $24,761 @ 7.0% cap · market cap 7.74%
Theoretical Best
Office A
$771.8K
$675.3K – $900.4K
NOI $54,023 @ 7.0% cap · market cap 16.88%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Pen Argyl
- County
- Northampton
- State
- Pennsylvania
- Longitude
- -75.255044
- Latitude
- 40.865351
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Turnkey, fully remodeled duplex with two apartments, private off-street parking, and usable basement and attic storage.
Where is this duplex located?
The property is located at 116 W Main Street Pen Argyl, PA.
What is the asking price?
The asking price for this property is $320,000.
What are key features of this property?
This property features: Fully remodeled 2‑unit apartment building with a 2‑bedroom/1‑bath first‑floor unit and a 3‑bedroom/1‑bath second‑floor unit; Investor or owner‑occupant setup: live in one unit and rent the other, with both apartments described as fully remodeled; Updated kitchen features include granite counters and stainless steel appliances, plus an electric range and self‑cleaning oven
