Updated Duplex with Separate
For Sale
$410,000
12 S Front Street Coplay, Coplay, PA 18037
Two leased residences offer flexible occupancy options, modernized interiors, individual utilities, and a combination of on-street and off-street parking.
Property Size2,600 SF
Price / SF$157.69
Days on Market113
Property Features for 12 S Front Street Coplay
General Information
Standard status
Active
Size
2,600 SF
Total Parking Spaces
2
Property subtype
Duplex
Property Condition
Severity
Repairs Needed
Evidence
light cosmetic TLC
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Amenities
Baseboard
Electric
Forced Air
Dryer
Dishwasher
Electric Oven
Electric Range
Electric Water Heater
Microwave
Refrigerator
Washer
Patio, Porch, Asphalt, Fiberglass
Building Details
Year Built
1890
Stories
3
Listing Agency:
Northampton County
Listed By:
Kelly Houston · License #RS337374
(484) 747-7640
Source:
Kw
Added: May 19
Changed: Sep 7
Last Checked: Sep 7 at 2:52PM
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 Northampton County
Investment Insights
Based on property information with market context.
This standalone duplex contains 2,600+ square feet with two residential units, each arranged with 3 bedrooms and 2 full bathrooms. Both residences include bright first-floor living areas, open kitchens with white cabinetry, granite counters, tile backsplashes, stainless steel appliances, dining areas, laundry rooms, and full bathrooms. Upper levels provide two additional bedrooms and a bathroom on the second floor, with a third bedroom on the top floor. Refrigerators, washers, and dryers are included in each unit, and the appliances were replaced in 2022.
Major improvements completed before the current tenancy include electrical, plumbing, windows, roofing, select framing and insulation, drywall, flooring, kitchens, and bathrooms. Each unit has separate water, electric, and sewer meters. The property was built in 1890 and also features porches, patios, and asphalt and fiberglass exterior elements. Both units are currently rented; one lease expires in September. Parking includes on-street spaces and 2-car off-street parking.
Major improvements completed before the current tenancy include electrical, plumbing, windows, roofing, select framing and insulation, drywall, flooring, kitchens, and bathrooms. Each unit has separate water, electric, and sewer meters. The property was built in 1890 and also features porches, patios, and asphalt and fiberglass exterior elements. Both units are currently rented; one lease expires in September. Parking includes on-street spaces and 2-car off-street parking.
Key Highlights
- Two‑unit property totaling 2,600+ sq ft
- Each unit includes 3 bedrooms and 2 full bathrooms
- Separate water, electric, and sewer meters for each unit
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
$17,391
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
4.24%
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%
$347,820
$347.8K
Cap Rate 7%
$248,443
$248.4K
Cap Rate 9%
$193,233
$193.2K
Market Conditions
NOI Build-Up for 2,600 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
$26.8K $10.32/SF
− Vacancy
−$2.0K −$0.76/SF
EGI
$24.8K $9.56/SF
− OpEx
−$7.5K −$2.87/SF
NOI
$17.4K $6.69/SF
Area
Lehigh County, PA
Vacancy
7.41%
Lease Rate
$10.32 /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%
$347,820
Cap Rate 7%
$248,443
Cap Rate 9%
$193,233
Alternative Uses
Best Use
Multifamily LT 5
$248.4K
$217.4K – $289.9K
NOI $17,391 @ 7.0% cap · market cap 4.24%
Second Best
Apartment 5plus
$217.0K
$189.9K – $253.2K
NOI $15,189 @ 7.0% cap · market cap 3.70%
Theoretical Best
Mixed Use
$382.3K
$334.6K – $446.1K
NOI $26,764 @ 7.0% cap · market cap 6.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
18
Businesses Nearby
Explore this area
Business Placement
Demographics for 18037, PA
7,444
Population
3,263
Households
2.3
Avg Household Size
45
Median Age
30%
College-Educated
95%
High-School Grad
7.6 sq mi
ZIP Area
979
Density / Sq Mi
$82,710
Median Household Income
$54,589
Median Earnings
$1,152
Median Rent
$240,500
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two leased residences offer flexible occupancy options, modernized interiors, individual utilities, and a combination of on-street and off-street parking.
Where is this duplex located?
The property is located at 12 S Front Street Coplay Coplay, PA.
What is the asking price?
The asking price for this property is $410,000.
What are key features of this property?
This property features: Two‑unit property totaling 2,600+ sq ft; Each unit includes 3 bedrooms and 2 full bathrooms; Separate water, electric, and sewer meters for each unit
