5-Unit Multifamily
New
For Sale
$550,000
149 W Ridge Street, Lansford, PA 18232
ResidentialIncome, Lansford Boro, PA
Property Size5,300 SF
Lot Size0.07 Acres
Price / SF$103.77
Days on Market3
Property Features for 149 W Ridge Street
General Information
Property type
Residential Multi Family
Property subtype
Apartment
Zoning
C
Bedrooms
11
Bathrooms
5
Full bathrooms
5
Rooms
Bedroom 4, Bathroom 2, Bedroom 9, Bedroom 10, Bedroom 6, Bedroom 7, Bedroom 2, Bathroom 4, Bathroom 1, Bathroom 5, Bedroom 8, Bedroom 11, Bathroom 3, Bedroom 3, Bedroom 1, Bedroom 5
Parking
3
Interior features
Balcony
Subdivision
No Subdivision
Elementary school district
Panther Valley
Middle school district
Panther Valley
High school district
Panther Valley
Directions
Take PA-145 N / MacArthur Rd toward Walnutport. Continue toward PA-248 W. Follow US-209 S toward Lehighton / Jim Thorpe / Nesquehoning. Continue into Lansford.Turn onto W Bertsch St and follow it to 149 W Bertsch St. 35-45 minutes from Allentown
Standard status
Active
APN
122A2-24-A14
Size
5,300 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Annual Amount
5257
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Baseboard
Cooling system
Window Unit(s)
Water source
Public
Building Details
Year built
1929
Floors in Building
3
Number of units
5
Flooring type
Hardwood
Building materials
Frame, Stone, VinylSiding
Listing Agency:
Steel City Realty
(484) 895-9005
Listed By:
Jennifer L. DeJesus
(610) 217-6330
Added: Oct 21
Last Checked: Oct 23 at 3:06AM
MLS# 786724
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.
Built in 1929, this 5,300-square-foot multifamily building contains five apartments: two with three bedrooms, two with two bedrooms, and one with a single bedroom. Interior and building work included updated kitchens and bathrooms, replacement flooring and lighting, a full roof replacement, structural reinforcement, and repairs to rear wall sections. Other improvements include insulated vinyl siding, replacement windows, updated electrical and plumbing, and a connected smoke-detector system. The property has electric baseboard heat, window-unit cooling, and a balcony.
The 0.072-acre property is zoned C and has five off-street parking spaces. Public water and public sewer serve the building. Common-area work included stair repairs and safety upgrades, with new windows added to bring in natural light.
The 0.072-acre property is zoned C and has five off-street parking spaces. Public water and public sewer serve the building. Common-area work included stair repairs and safety upgrades, with new windows added to bring in natural light.
Key Highlights
- Five apartments: two 3‑bedroom, two 2‑bedroom, and one 1‑bedroom unit
- 5,300 square feet on a 0.072‑acre parcel
- Full roof replacement and structural reinforcement
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,902
Cap Rate
8.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$978,040
$978.0K
Cap Rate 7%
$698,600
$698.6K
Cap Rate 9%
$543,356
$543.4K
Market Conditions
NOI Build-Up for 5,300 SF
Gross rent
$95.4K $18.00/SF
− Vacancy
−$6.5K −$1.22/SF
EGI
$88.9K $16.78/SF
− OpEx
−$40.0K −$7.55/SF
NOI
$48.9K $9.23/SF
Area
Carbon County, PA
Vacancy
6.80%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$978,040
Cap Rate 7%
$698,600
Cap Rate 9%
$543,356
Alternative Uses
Best Use
Apartment 5plus
$698.6K
$611.3K – $815.0K
NOI $48,902 @ 7.0% cap · market cap 8.89%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.04M
$911.1K – $1.21M
NOI $72,886 @ 7.0% cap · market cap 13.25%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
5
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
228
Businesses Nearby
Explore this area
Business Placement
Demographics for 18232, PA
4,222
Population
2,129
Households
2
Avg Household Size
38
Median Age
12%
College-Educated
81%
High-School Grad
2.1 sq mi
ZIP Area
2,010
Density / Sq Mi
$44,078
Median Household Income
$34,802
Median Earnings
$963
Median Rent
$48,700
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - The apartments comprise two 3-bedroom units, two 2-bedroom units, and one 1-bedroom unit, served by public water and sewer.
Where is this apartment building located?
The property is located at 149 W Ridge Street Lansford, PA.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Five apartments: two 3‑bedroom, two 2‑bedroom, and one 1‑bedroom unit; 5,300 square feet on a 0.072‑acre parcel; Full roof replacement and structural reinforcement
