Two-Unit Apartment
For Sale
$320,000
Pending
116 W Main Street, Pen Argyl, PA 18072
MULTI_FAMILY - Other - Pen Argyl, PA
Property Size4,069 SF
Lot Size0.09 Acres
Days on Market48
Property Features for 116 W Main Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Gb
Zoning description
Commercial
Bedrooms
5
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 5, Bathroom 1, Bedroom 1, Bedroom 3, Bedroom 4, Bathroom 2, Bedroom 2, Basement
Parking
4
Patio and Porch features
Porch
Interior features
Granite Counters, Ceiling Fan(s), Storage
Basement
Unfinished, Full
Appliances
Self Cleaning Oven, Electric Range, Refrigerator, Stainless Steel Appliance(s)
Lot features
Irregular Lot
View
City
Subdivision
Pen Argyl Borough
Standard status
Pending
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
Legal Description
Block: 59 /Lot: 7 /School District: 02-Bethlehem Area /Fuel Type: Gas
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Steam
Cooling system
Ceiling Fan(s)
Water source
Public
Amenities
covered front porch
rear covered porch
yard space
basement storage
attic storage
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 Agency:
Keller Williams Real Estate - Northampton Co · Keller Williams Realty
(610) 867-8888
Listed By:
JD Lepeta · License #RS309797
(610) 867-8888
Added: Jul 1
Changed: Aug 3
Last Checked: Aug 17 at 8:06AM
MLS# PM-142714
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.
Investment Insights
Based on property information with market context.
116 W Main Street in Pen Argyl, PA is a fully remodeled two-unit apartment building offering a practical layout for investors, first-time landlords, or owner-occupants. The first-floor unit features two bedrooms and one full bathroom, with a bright living area, dining space, updated kitchen, and a modern bathroom. Residents also have access to the basement for additional storage. The second-floor unit offers three bedrooms and one full bathroom, plus attic storage access.
The property includes off-street parking in the rear of the building, a covered front porch for both units, and a rear covered porch, along with yard space. Construction is vinyl siding with an asphalt roof. Interior finishes include granite counters, laminate flooring, and ceiling fans.
Utilities are serviced by public water and public sewer, and the building is heated with steam and natural gas systems.
The property includes off-street parking in the rear of the building, a covered front porch for both units, and a rear covered porch, along with yard space. Construction is vinyl siding with an asphalt roof. Interior finishes include granite counters, laminate flooring, and ceiling fans.
Utilities are serviced by public water and public sewer, and the building is heated with steam and natural gas systems.
Key Highlights
- Fully remodeled two‑unit building with a two‑bedroom/one‑bath first floor and three‑bedroom/one‑bath second floor
- 0.09‑acre lot with 4,069 SF building size
- Off‑street parking in the rear plus yard space
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$26,900
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.41%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$538,000
$538.0K
Cap Rate 7%
$384,286
$384.3K
Cap Rate 9%
$298,889
$298.9K
Market Conditions
NOI Build-Up for 4,069 SF
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.
Gross rent
$41.5K $10.20/SF
− Vacancy
−$3.1K −$0.76/SF
EGI
$38.4K $9.44/SF
− OpEx
−$11.5K −$2.83/SF
NOI
$26.9K $6.61/SF
Area
Northampton County, PA
Vacancy
7.41%
Lease Rate
$10.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$538,000
Cap Rate 7%
$384,286
Cap Rate 9%
$298,889
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 authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
245
Businesses Nearby
Explore this area
Business Placement
Demographics for 18072, PA
6,734
Population
2,779
Households
2.4
Avg Household Size
43
Median Age
23%
College-Educated
87%
High-School Grad
14.9 sq mi
ZIP Area
452
Density / Sq Mi
$79,067
Median Household Income
$41,056
Median Earnings
$1,525
Median Rent
$244,100
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Fully remodeled two-apartment building with off-street parking, covered porches, and public water and sewer.
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 two‑unit building with a two‑bedroom/one‑bath first floor and three‑bedroom/one‑bath second floor; 0.09‑acre lot with 4,069 SF building size; Off‑street parking in the rear plus yard space
