Mixed-Use Building with
New
For Sale
$329,500
15 N 4th Street, Emmaus, PA 18049
A leased ground-floor commercial space sits below a newly completed one-bedroom apartment with attic space.
Property Size1,654 SF
Price / SF$199.21
Days on Market6
Property Features for 15 N 4th Street
General Information
Standard status
Active
Size
1,654 SF
Property subtype
Residential Income
Zoning
B-C Central Commercial
Units
Unit Mix
1 x 1BR
Multifamily Units
1
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$4,185
Amenities
Carpet
true
2
Storm Window(s)
Washer Hookup
Assessor
Public
2962
8
20 x 150
0.068
Public Records
Off Street,On Street
Building Details
Year Built
1885
Stories
2
Listing Agency:
Hawthorne Real Estate
(610) 890-9942
Listed By:
Andrew Dilg
Source:
Corbyrealty
Added: Oct 30
Changed: Nov 2
Last Checked: Nov 4 at 6:33AM
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 Hawthorne Real Estate
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Investment Insights
Based on property information with market context.
This two-level mixed-use property combines a commercial space on the ground floor with a one-bedroom apartment above. The apartment is newly built and includes the attic, which may offer the option of creating a second bedroom. The building contains 1,654 square feet and dates to 1885. The property is held on two separate deeds.
The first-floor commercial space is occupied by a dispatching company that has been in place for more than a decade. The upper apartment is vacant. Rear parking is available, with off-street and on-street parking noted. The property is zoned B-C Central Commercial.
The first-floor commercial space is occupied by a dispatching company that has been in place for more than a decade. The upper apartment is vacant. Rear parking is available, with off-street and on-street parking noted. The property is zoned B-C Central Commercial.
Key Highlights
- Ground‑floor commercial space leased to a dispatching company for more than a decade
- Newly built one‑bedroom apartment above the commercial space, with attic included
- 1,654‑square‑foot mixed‑use property built in 1885
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,026
Cap Rate
5.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$340,520
$340.5K
Cap Rate 7%
$243,229
$243.2K
Cap Rate 9%
$189,178
$189.2K
Market Conditions
NOI Build-Up for 1,654 SF
Gross rent
$29.8K $18.00/SF
− Vacancy
−$2.5K −$1.53/SF
EGI
$27.2K $16.47/SF
− OpEx
−$10.2K −$6.18/SF
NOI
$17.0K $10.29/SF
Area
Lehigh County, PA
Vacancy
8.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$340,520
Cap Rate 7%
$243,229
Cap Rate 9%
$189,178
Alternative Uses
Best Use
Mixed Use
$243.2K
$212.8K – $283.8K
NOI $17,026 @ 7.0% cap · market cap 5.17%
Second Best
Apartment 5plus
$138.0K
$120.8K – $161.0K
NOI $9,662 @ 7.0% cap · market cap 2.93%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
718
Businesses Nearby
Explore this area
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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Frequently Asked Questions
What type of property is this?
Mixed-use property - A leased ground-floor commercial space sits below a newly completed one-bedroom apartment with attic space.
Where is this mixed-use property located?
The property is located at 15 N 4th Street Emmaus, PA.
What is the asking price?
The asking price for this property is $329,500.
What are key features of this property?
This property features: Ground‑floor commercial space leased to a dispatching company for more than a decade; Newly built one‑bedroom apartment above the commercial space, with attic included; 1,654‑square‑foot mixed‑use property built in 1885
