Residential Income Property with Lower-Level Recreation
For Sale
$275,000
1547 Creekside Road, Whitehall, PA 18052
Flexible two-level residence with updated interiors, multiple bedrooms, and a finished lower level with wet bar.
Property Size1,952 SF
Days on Market20
Property Features for 1547 Creekside Road
General Information
Standard status
Active
Size
1,952 SF
Property subtype
Apartment
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$3,908
Building Details
Building Size
1,952 SF
Year Built
1973
Listing Agency:
Coldwell Banker Hearthside
(610) 465-5600
Listed By:
Nick Smith
Source:
Bhhspaulfordrealtors
Added: Aug 3
Changed: Aug 20
Last Checked: Aug 21 at 11:45AM
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 Coldwell Banker Hearthside
Investment Insights
Based on property information with market context.
This residential income property offers a two-level layout with an open main-floor living area, dining space, and an updated kitchen with built-in pantry storage. The primary suite includes a walk-in closet and private bathroom, while an additional bedroom and full bath serve the main level. The finished lower level adds a recreation room with wet bar, two more bedrooms, another full bathroom, and a separate storage room. Built in 1973, the home provides a flexible configuration for residential use.
The property is located at 1547 Creekside Road in Whitehall Twp, PA 18052, with access to Route 22 and nearby shopping, dining, and daily services. Condo fees cover water, sewer, trash, and lawn care, supporting a lower-maintenance ownership structure.
The property is located at 1547 Creekside Road in Whitehall Twp, PA 18052, with access to Route 22 and nearby shopping, dining, and daily services. Condo fees cover water, sewer, trash, and lawn care, supporting a lower-maintenance ownership structure.
Key Highlights
- Finished lower level with recreation room and wet bar
- Four bedrooms and three full bathrooms across two levels
- Updated kitchen with built‑in pantry
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$11,403
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.15%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$228,060
$228.1K
Cap Rate 7%
$162,900
$162.9K
Cap Rate 9%
$126,700
$126.7K
Market Conditions
NOI Build-Up for 1,952 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$22.5K $11.52/SF
− Vacancy
−$1.8K −$0.90/SF
EGI
$20.7K $10.62/SF
− OpEx
−$9.3K −$4.78/SF
NOI
$11.4K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$228,060
Cap Rate 7%
$162,900
Cap Rate 9%
$126,700
Alternative Uses
Best Use
Apartment 5plus
$162.9K
$142.5K – $190.1K
NOI $11,403 @ 7.0% cap · market cap 4.15%
Second Best
—
—
no second resolved use
Theoretical Best
Mixed Use
$287.0K
$251.2K – $334.9K
NOI $20,093 @ 7.0% cap · market cap 7.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
752
Businesses Nearby
Explore this area
Business Placement
Demographics for 18052, PA
29,317
Population
12,193
Households
2.4
Avg Household Size
42
Median Age
27%
College-Educated
92%
High-School Grad
12.8 sq mi
ZIP Area
2,290
Density / Sq Mi
$69,499
Median Household Income
$39,491
Median Earnings
$1,387
Median Rent
$247,100
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Flexible two-level residence with updated interiors, multiple bedrooms, and a finished lower level with wet bar.
Where is this residential income property located?
The property is located at 1547 Creekside Road Whitehall, PA.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Finished lower level with recreation room and wet bar; Four bedrooms and three full bathrooms across two levels; Updated kitchen with built‑in pantry
