Three-Building Apartment
For Sale
Contact for pricing
Pending
201-205 211-215 1st St, Slatington, PA 18080
Three multi-unit buildings offer 12 apartments plus a garage for potential additional income.
Property SizeContact for details
Days on Market23
Property Features for 201-205 211-215 1st St
General Information
Standard status
Pending
Property subtype
Multifamily
Occupancy
100%
Additional Details
Multifamily Units
12
Listing Agency:
DLP Realty
Listed By:
Don Wenner · License #FL AB067794
Source:
Crexi
Added: Jul 21
Changed: Aug 10
Last Checked: Aug 10 at 11:24AM
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 DLP Realty
Investment Insights
Based on property information with market context.
This for-sale multifamily portfolio includes three separate multi-unit buildings at 201-205 and 211-215 1st St. The unit mix totals 11 two-bedroom apartments and one three-bedroom carriage house. There is also a garage on site that can be used to generate extra revenue. All utilities except for common area electric and water/sewer are in residents’ names.
One of the three buildings was built about 9 years ago after a fire and is described as one of the nicest apartment buildings in the Slatington market. The portfolio has seen renovations in 5 of the 12 rental units since 2014, including fresh paint, modernized kitchens with new appliances, and new floor coverings. The property is operated as 100% turnkey, with very low turnover and consistent occupancy.
Current performance described in the offering includes 100% occupancy maintained consistently across all three buildings. Monthly revenue is roughly $11,000, including the garage, and the property is noted to have minimal common space that helps keep operating expenses extremely minimal.
One of the three buildings was built about 9 years ago after a fire and is described as one of the nicest apartment buildings in the Slatington market. The portfolio has seen renovations in 5 of the 12 rental units since 2014, including fresh paint, modernized kitchens with new appliances, and new floor coverings. The property is operated as 100% turnkey, with very low turnover and consistent occupancy.
Current performance described in the offering includes 100% occupancy maintained consistently across all three buildings. Monthly revenue is roughly $11,000, including the garage, and the property is noted to have minimal common space that helps keep operating expenses extremely minimal.
Key Highlights
- Multifamily portfolio at 201‑205 and 211‑215 First Street: 3 separate multi‑unit buildings
- Unit mix includes 11 two‑bedroom apartments and 1 three‑bedroom carriage house
- Garage on‑site can generate extra revenue
Property Analytics
Current Use
Lease Details
12
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
319
Businesses Nearby
Explore this area
Business Placement
Demographics for 18080, PA
11,454
Population
4,947
Households
2.3
Avg Household Size
45
Median Age
20%
College-Educated
91%
High-School Grad
30.2 sq mi
ZIP Area
379
Density / Sq Mi
$73,947
Median Household Income
$47,723
Median Earnings
$808
Median Rent
$254,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Apartment building - Three multi-unit buildings offer 12 apartments plus a garage for potential additional income.
Where is this apartment building located?
The property is located at 201-205 211-215 1st St Slatington, PA.
What are key features of this property?
This property features: Multifamily portfolio at 201‑205 and 211‑215 First Street: 3 separate multi‑unit buildings; Unit mix includes 11 two‑bedroom apartments and 1 three‑bedroom carriage house; Garage on‑site can generate extra revenue
