Renovated Two-Unit
For Sale
$249,900
Pending
138 Sanders Rd, Pen Argyl, PA 18072
Two separate apartments include updated finishes, an occupied upper-level unit, and basement utility space.
Property Size1,300 SF
Days on Market53
Property Features for 138 Sanders Rd
General Information
Standard status
Pending
Size
1,300 SF
Property subtype
Residential Income
Units
Unit Mix
1 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$2,792
Building Details
Buildings
1
Stories
2
Listing Agency:
Realty One Group Supreme
(610) 321-3730
Listed By:
Nathanael J. Boykin
(215) 767-4881
Source:
Exprealty
Added: Sep 10
Changed: Oct 25
Last Checked: Oct 30 at 8:20PM
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 Realty One Group Supreme
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Investment Insights
Based on property information with market context.
Located at 138 Sanders Rd in Pen Argyl, this duplex contains two apartments arranged across the first and second floors. The lower unit has two bedrooms and one bathroom, along with fresh paint, new carpet, and laminate flooring. The upper apartment provides one bedroom and one bathroom and currently has a long-time tenant in place.
A separate basement entrance creates additional functional space that can accommodate laundry or storage. The property also includes a sizable backyard, adding outdoor space to the residential layout. Its two-unit configuration and distinct apartment entrances support multi-unit occupancy within a single duplex property.
A separate basement entrance creates additional functional space that can accommodate laundry or storage. The property also includes a sizable backyard, adding outdoor space to the residential layout. Its two-unit configuration and distinct apartment entrances support multi-unit occupancy within a single duplex property.
Key Highlights
- Two‑unit duplex at 138 Sanders Rd, Pen Argyl, PA
- First‑floor apartment with 2 bedrooms and 1 bathroom
- Lower unit updated with fresh paint, new carpet, and laminate flooring
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,594
Cap Rate
3.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$171,880
$171.9K
Cap Rate 7%
$122,771
$122.8K
Cap Rate 9%
$95,489
$95.5K
Market Conditions
NOI Build-Up for 1,300 SF
Gross rent
$13.3K $10.20/SF
− Vacancy
−$983 −$0.76/SF
EGI
$12.3K $9.44/SF
− OpEx
−$3.7K −$2.83/SF
NOI
$8.6K $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%
$171,880
Cap Rate 7%
$122,771
Cap Rate 9%
$95,489
Alternative Uses
Best Use
Multifamily LT 5
$122.8K
$107.4K – $143.2K
NOI $8,594 @ 7.0% cap · market cap 3.44%
Second Best
Apartment 5plus
$113.0K
$98.9K – $131.9K
NOI $7,911 @ 7.0% cap · market cap 3.17%
Theoretical Best
Office A
$246.6K
$215.8K – $287.7K
NOI $17,260 @ 7.0% cap · market cap 6.91%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
56
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate apartments include updated finishes, an occupied upper-level unit, and basement utility space.
Where is this duplex located?
The property is located at 138 Sanders Rd Pen Argyl, PA.
What is the asking price?
The asking price for this property is $249,900.
What are key features of this property?
This property features: Two‑unit duplex at 138 Sanders Rd, Pen Argyl, PA; First‑floor apartment with 2 bedrooms and 1 bathroom; Lower unit updated with fresh paint, new carpet, and laminate flooring
