Listing Agency: BHHS Fox & Roach - Allentown t***@foxroach.com Show Phone

Listed By: Michelle Weber Show Phone

Source: Exprealty

Added: Oct 13 Changed: Oct 25 Last Checked: Oct 24 at 11:13PM

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Investment Insights

Based on property information with market context.

This duplex pairs a single-family home with a detached garage topped by a two-bedroom apartment. The main home has three bedrooms, a recently updated full bathroom, a living room, an eat-in kitchen, and a front sunroom, with one bedroom on the first floor. The home is vacant and offered as-is.

The apartment above the garage is occupied by a long-term tenant under a month-to-month lease. The property is at 119 Clearfield St in Freemansburg, Pennsylvania.

Key Highlights

• Detached garage with a two‑bedroom apartment above
• Main home offers three bedrooms and a recently updated full bathroom
• First‑floor bedroom, eat‑in kitchen, living room, and front sunroom

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$12,065

Cap Rate

4.55%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$241,300 $241.3K

Cap Rate 7%

$172,357 $172.4K

Cap Rate 9%

$134,056 $134.1K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,825 SF

Gross rent

$18.6K $10.20/SF

− Vacancy

−$1.4K −$0.76/SF

EGI

$17.2K $9.44/SF

− OpEx

−$5.2K −$2.83/SF

NOI

$12.1K $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 Rate 5%

$241,300

Cap Rate 7%

$172,357

Cap Rate 9%

$134,056

Alternative Uses

Best Use

Multifamily LT 5

$172.4K

$150.8K – $201.1K (±1% cap)

NOI $12,065 @ 7.0% cap · market cap 4.55%

Second Best

Apartment 5plus

$158.6K

$138.8K – $185.1K (±1% cap)

NOI $11,105 @ 7.0% cap · market cap 4.19%

Theoretical Best

Office A

$346.1K

$302.9K – $403.8K (±1% cap)

NOI $24,230 @ 7.0% cap · market cap 9.15%

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

Property Analytics

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Lease Details

2

Residential units

Location Intelligence

Trade Area within ½ mile

192

Businesses Nearby

Explore this area Business Placement

Demographics for 18017, PA

39,663

Population

16,773

Households

2.4

Avg Household Size

46

Median Age

40%

College-Educated

93%

High-School Grad

16.8 sq mi

ZIP Area

2,361

Density / Sq Mi

$88,946

Median Household Income

$45,618

Median Earnings

$1,535

Median Rent

$310,600

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Frequently Asked Questions

What type of property is this?

Duplex - Two distinct living spaces include a vacant three-bedroom home and a tenant-occupied apartment above the garage.

Where is this duplex located?

The property is located at 119 Clearfield St Freemansburg, PA.

What is the asking price?

The asking price for this property is $264,900.

What are key features of this property?

This property features: Detached garage with a two‑bedroom apartment above; Main home offers three bedrooms and a recently updated full bathroom; First‑floor bedroom, eat‑in kitchen, living room, and front sunroom