4-Unit Multifamily
1281 Pennsylvania Avenue, Emmaus, PA 18049
For Sale
New
$645,000
ResidentialIncome, Emmaus Boro, PA
Property Size3,780 SF
Lot Size0.33 Acres
Price / SF$170.63
Days on Market1
Property Features for 1281 Pennsylvania Avenue
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking features
Subdivision
Elementary school district
Middle school district
High school district
Directions
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Annual Amount
Utilities
Sewer type
Heating system
Water source
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Buildings
Listing Agency:
Rudy Amelio Real Estate · ERA Real Estate
(610) 437-5501
Listed By:
Louie Falco
(610) 393-2694
Added: Nov 12
Last Checked: Nov 12 at 6:06PM
MLS# 787843
Copyright © 2026 Greater Lehigh Valley REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
The property comprises four occupied rental units spread across three separate dwellings, totaling 3,780 square feet. Built in 1925, the buildings sit on a 0.326-acre parcel and have vinyl siding, carpet and hardwood flooring, and electric baseboard heat. Zoning is R-L.
Located at 1281 Pennsylvania Avenue in Emmaus, the property is within the East Penn School District. Public water and sewer serve the site, and parking is on street. Tenants pay utilities, including water, sewer, and trash service.
Located at 1281 Pennsylvania Avenue in Emmaus, the property is within the East Penn School District. Public water and sewer serve the site, and parking is on street. Tenants pay utilities, including water, sewer, and trash service.
Key Highlights
- Four occupied rental units across three separate dwellings
- 3,780 square feet on a 0.326‑acre parcel
- Built in 1925; zoned R‑L
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,082
Cap Rate
3.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$441,640
$441.6K
Cap Rate 7%
$315,457
$315.5K
Cap Rate 9%
$245,356
$245.4K
Market Conditions
NOI Build-Up for 3,780 SF
Gross rent
$43.5K $11.52/SF
− Vacancy
−$3.4K −$0.90/SF
EGI
$40.1K $10.62/SF
− OpEx
−$18.1K −$4.78/SF
NOI
$22.1K $5.84/SF
Area
Lehigh County, PA
Vacancy
7.80%
Lease Rate
$11.52 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$441,640
Cap Rate 7%
$315,457
Cap Rate 9%
$245,356
Alternative Uses
Best Use
Apartment 5plus
$315.5K
$276.0K – $368.0K
NOI $22,082 @ 7.0% cap · market cap 3.42%
Second Best
—
—
no second resolved use
Theoretical Best
Mixed Use
$555.9K
$486.4K – $648.5K
NOI $38,910 @ 7.0% cap · market cap 6.03%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
409
Businesses Nearby
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Business Placement
Demographics for 18049, PA
18,440
Population
7,659
Households
2.4
Avg Household Size
43
Median Age
38%
College-Educated
94%
High-School Grad
15.0 sq mi
ZIP Area
1,229
Density / Sq Mi
$93,924
Median Household Income
$44,310
Median Earnings
$1,316
Median Rent
$282,500
Median Home Value
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Market
Average Price Trend$/SF for Multifamily properties in Lehigh County, PA
Properties on Market for Multifamily properties in Lehigh County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Multifamily property - Three separate dwellings provide occupied rental housing, with residents responsible for utilities.
Where is this multifamily property located?
The property is located at 1281 Pennsylvania Avenue Emmaus, PA.
What is the asking price?
The asking price for this property is $645,000.
What are key features of this property?
This property features: Four occupied rental units across three separate dwellings; 3,780 square feet on a 0.326‑acre parcel; Built in 1925; zoned R‑L
