20-Unit Multifamily Investment
For Sale
$1,300,000
1563 OLD ROUTE 22, Lenhartsville, PA 19534
20-unit property with value-add potential near Lehigh Valley.
Property SizeContact for details
Lot Size9.86 Acres
Days on Market861
Property Features for 1563 OLD ROUTE 22
General Information
Standard status
Active
Lot size
9.86 Acres
Property subtype
Commercial/Industrial
Building Details
Year Built
1935
Listing Agency:
Century 21 Keim Realtors
(610) 395-0393
Listed By:
Loren K Keim · License #RB-045762-L
(610) 395-0393
Source:
Exitrealty
Added: Mar 29, 2024
Changed: Jul 6
Last Checked: Aug 6 at 5:51AM
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 Century 21 Keim Realtors
Investment Insights
Based on property information with market context.
This 20-unit property, situated on just under 10 acres across two parcels, presents a unique investment opportunity. Located a short 20-minute commute from the Lehigh Valley, the property features a mix of unit types, including two 3-bedroom units, two 2-bedroom units, and eleven 1-bedroom/efficiency units. Additionally, there are three storage spaces, a workshop with a garage, and a commercial garage. The property offers value-add potential through rent increases and the possibility of adding more units, subject to zoning and local municipality approval. All residential units are currently fully occupied with one-year leases and security deposits in place. The owner is responsible for water, sewer, trash, and common electric. Tenants are responsible for heat (electric), electric, and cable. Recent upgrades include new roofs and windows on all the main buildings and the commercial garage. The list price reflects a cap rate of over 10% based on current rents and occupancy.
Key Highlights
- Over 10% Cap Rate based on current rents and occupancy.
- 20 Units on Just Shy of 10 Acres (Two Parcels).
- Fully Occupied Residential Units with 1 Year Leases/Security Deposits in Place.
Property Analytics
Property Profile
Current Use
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 Industrial in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - 20-unit property with value-add potential near Lehigh Valley.
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 $1,300,000.
What are key features of this property?
This property features: Over 10% Cap Rate based on current rents and occupancy.; 20 Units on Just Shy of 10 Acres (Two Parcels).; Fully Occupied Residential Units with 1 Year Leases/Security Deposits in Place.
