Fully Occupied 21-Unit Apartment
For Sale
$1,250,000
1563 Old Route 22, Lenhartsville, PA 19534
COMMERCIAL - Greenwich Twp, PA
Property Size13,801 SF
Lot Size9.86 Acres
Price / SF$90.57
Days on Market890
Property Features for 1563 Old Route 22
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Village/Rural
Parking
40
Parking features
Driveway, Garage, Off Street, On Street
Directions
From Rt. 78, take the Lenhartsville exit and go right at the stop sign toward Lenhartsville. Left at next stop sign onto Old Route 22. Over the bridge to property on the left.
Subdivision
Lenhartsville
Standard status
Active
APN
45541512865831
Size
13,801 SF
Lot size
9.86 Acres
Taxes and HOA fees
Tax Annual Amount
10513
Utilities
Sewer type
Septic Tank
Heating system
Electric (Heating)
Cooling system
Window Unit(s)
Water source
Well
Building Details
Year built
1935
Number of units
21
Building materials
Frame
Listing Agency:
CENTURY 21 Keim Realtors · Century 21 Real Estate
(610) 395-0393
Listed By:
Shane R. Keyser
(610) 509-4768
Added: Feb 29, 2024
Changed: Aug 4
Last Checked: Aug 7 at 12:06PM
MLS# 733730
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.
Investment Insights
Based on property information with market context.
Fully occupied 21-unit apartment building on 9.86 acres across two parcels in Greenwich Twp, Berks County, Pennsylvania. The property includes a mix of two- and three-bedroom units, plus 12 one-bedroom/efficiency units, along with 3 storage spaces. Additional improvements include a workshop with a garage and a commercial garage. Cooling is provided by window units, and heating is electric. Built in 1935 with frame construction, the property uses a well for water and a septic tank for sewer.
All units are fully occupied with one-year leases and security deposits in place. Owners pay water, sewer, and trash and common electric, while tenants pay heat (electric), electric, and cable. Recent updates include new roofs and windows installed on the main buildings and the commercial garage.
Zoning is Village/Rural, and the property has a driveway plus on-street and off-street parking, including garage parking. The listing states a cap rate of 12.5% based on current rents and occupancy. Buyers should confirm any zoning or expansion options with the local municipality.
All units are fully occupied with one-year leases and security deposits in place. Owners pay water, sewer, and trash and common electric, while tenants pay heat (electric), electric, and cable. Recent updates include new roofs and windows installed on the main buildings and the commercial garage.
Zoning is Village/Rural, and the property has a driveway plus on-street and off-street parking, including garage parking. The listing states a cap rate of 12.5% based on current rents and occupancy. Buyers should confirm any zoning or expansion options with the local municipality.
Key Highlights
- Fully occupied 21‑unit apartment building
- 9.86‑acre site across two parcels in Greenwich Twp, PA
- Unit mix: 2‑3BR units, 2‑2BR units, and 12 one‑bedroom/efficiency units
Property Analytics
Property Profile
Current Use
Lease Details
21
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
11
Businesses Nearby
Explore this area
Business Placement
Demographics for 19534, PA
2,065
Population
866
Households
2.4
Avg Household Size
47
Median Age
33%
College-Educated
89%
High-School Grad
25.0 sq mi
ZIP Area
83
Density / Sq Mi
$75,917
Median Household Income
$42,549
Median Earnings
$961
Median Rent
$288,300
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Fully occupied 21-unit apartment building with electric heat and separate tenant-paid utilities.
Where is this apartment building located?
The property is located at 1563 Old Route 22 Lenhartsville, PA.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Fully occupied 21‑unit apartment building; 9.86‑acre site across two parcels in Greenwich Twp, PA; Unit mix: 2‑3BR units, 2‑2BR units, and 12 one‑bedroom/efficiency units
