21-Unit Apartment
For Sale
$1,250,000
1563 Old Route 22, Lenhartsville, PA 19534
MULTI_FAMILY - Greenwich Twp, PA
Property Size13,801 SF
Lot Size9.86 Acres
Price / SF$90.57
Days on Market879
Property Features for 1563 Old Route 22
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Village/Rural
Bedrooms
22
Bathrooms
16
Full bathrooms
16
Rooms
Bathroom 8, Bathroom 9, Bathroom 16, Bathroom 2, Bedroom 21, Bedroom 17, Bedroom 15, Bedroom 3, Bedroom 5, Bedroom 4, Bathroom 12, Bedroom 14, Bathroom 5, Bathroom 13, Bedroom 11, Bathroom 1, Bedroom 16, Bedroom 13, Bedroom 9, Bathroom 7, Bathroom 14, Bedroom 22, Bathroom 4, Bathroom 6, Bedroom 1, Bathroom 11, Bathroom 15, Bedroom 10, Bedroom 7, Bedroom 18, Bedroom 6, Bedroom 12, Bedroom 19, Bedroom 2, Bathroom 3, Bathroom 10, Bedroom 20, Bedroom 8
Parking
40
Subdivision
Not in Development
Elementary school district
Kutztown
Middle school district
Kutztown
High school district
Kutztown
Directions
From Rt. 78, take the Lenhartsville exit and go right at the stop sign toward Lenhartsville. Left at the next stop sign onto Old Rt. 22. Over the bridge to property on the left.
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
Baseboard, 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: Mar 12, 2024
Changed: Aug 1
Last Checked: Aug 7 at 12:06PM
MLS# 734264
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.
This fully occupied 21-unit apartment property offers a mix of unit sizes, including two- and three-bedroom units, two two-bedroom units, and twelve one-bedroom/efficiency units. Additional onsite utility and storage features include three storage spaces, a workshop with a garage, and a commercial garage. The property is described as frame construction and was built in 1935.
The site totals 9.86 acres on two parcels, with a short commute of about 20 minutes to the Lehigh Valley. Zoning is Village/Rural. All units are reported to be fully occupied with one-year leases and security deposits in place.
Operations are set up with tenant-paid utilities: the owners pay W/S/T and common electric, while tenants pay heat (electric), electric, and cable. Heating is provided via baseboard electric, and cooling is through window unit(s). New roofs and windows were recently installed on all main buildings and the commercial garage. The listing states a cap rate of 12.5% based on current rents and occupancy; buyers should confirm options with zoning and the local municipality.
The site totals 9.86 acres on two parcels, with a short commute of about 20 minutes to the Lehigh Valley. Zoning is Village/Rural. All units are reported to be fully occupied with one-year leases and security deposits in place.
Operations are set up with tenant-paid utilities: the owners pay W/S/T and common electric, while tenants pay heat (electric), electric, and cable. Heating is provided via baseboard electric, and cooling is through window unit(s). New roofs and windows were recently installed on all main buildings and the commercial garage. The listing states a cap rate of 12.5% based on current rents and occupancy; buyers should confirm options with zoning and the local municipality.
Key Highlights
- Fully occupied 21‑unit property with one‑year leases and security deposits in place
- Unit mix includes two- and three‑bedroom units, 2 two‑bedroom units, and 12 one‑bedroom/efficiency units
- 9.86 acres across two parcels; zoning is Village/Rural
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Fully occupied 21-unit property with electric baseboard heat and window AC.
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 property with one‑year leases and security deposits in place; Unit mix includes two- and three‑bedroom units, 2 two‑bedroom units, and 12 one‑bedroom/efficiency units; 9.86 acres across two parcels; zoning is Village/Rural
