Back to Search

Fully Occupied Multifamily Investment Opportunity

1563 Old Route 22, Lenhartsville, PA 19534

View on Map

For Sale

$1,300,000

MULTI_FAMILY - Greenwich Twp, PA

Property size:

13,801 SF

Lot size:

9.86 Acres

Price / SF:

$94/SF

HighLights

Fully occupied 21‑unit property on just shy of 10 acres across two parcels
Unit mix includes 2–3BR, 2–2BR, and 12 1BR/efficiency units (all currently fully occupied with 1‑year leases)
Owner pays W/S/T and common electric; tenants pay heat (electric), electric, and cable with all utilities separate
New roofs and windows recently installed on main buildings and the commercial garage
Includes 3 storage spaces, a workshop with garage, and a commercial garage
Frame construction (c. 1935) with electric heat (baseboard) and window unit cooling; serviced by well water and septic tank

We can help!

Listing Contact

Shane R. Keyser

For Sale

$1,300,000

MULTI_FAMILY - Greenwich Twp, PA

Property size:

13,801 SF

Lot size:

9.86 Acres

Price / SF:

$94/SF

Added:: Mar 12, 2024
Days on Market:: 834
Last Refresh:: Jun 23 at 3:06 am

Property Features for 1563 Old Route 22

General Information

Property type: Residential Multi Family
Property subtype: Other
Zoning: Village/Rural
Bedrooms: 22
Bathrooms: 16
Rooms: Bathroom 16, Bedroom 20, Bathroom 6, Bedroom 18, Bedroom 6, Bedroom 3, Bedroom 17, Bathroom 8, Bathroom 1, Bedroom 10, Bedroom 14, Bathroom 14, Bedroom 2, Bedroom 22, Bathroom 10, Bathroom 5, Bathroom 9, Bedroom 19, Bedroom 7, Bedroom 4, Bedroom 8, Bathroom 12, Bedroom 16, Bathroom 15, Bedroom 5, Bedroom 11, Bedroom 12, Bathroom 2, Bathroom 3, Bedroom 15, Bathroom 7, Bathroom 11, Bathroom 4, Bedroom 21, Bathroom 13, Bedroom 9, Bedroom 1, Bedroom 13
Parking: 40
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), Baseboard
Cooling system: Window Unit(s)
Water source: Well

Building Details

Year built: 1935
Number of units: 21
Building materials: Frame

We can help!

Listing Contact

Shane R. Keyser

Listing agent Shane R. Keyser

Listing office CENTURY 21 Keim Realtors 90 N Cedar Crest Blvd, Allentown, PA

Listing date Mar 12, 2024

MLS# 734264 Listing URL

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.

HighLights

Fully occupied 21‑unit property on just shy of 10 acres across two parcels
Unit mix includes 2–3BR, 2–2BR, and 12 1BR/efficiency units (all currently fully occupied with 1‑year leases)
Owner pays W/S/T and common electric; tenants pay heat (electric), electric, and cable with all utilities separate
New roofs and windows recently installed on main buildings and the commercial garage
Includes 3 storage spaces, a workshop with garage, and a commercial garage
Frame construction (c. 1935) with electric heat (baseboard) and window unit cooling; serviced by well water and septic tank

Overview

This fully occupied 21-unit property presents a unique investment opportunity. Situated on just shy of 10 acres, consisting of two parcels, the property is a short 20-minute commute to the Lehigh Valley. The property comprises 2 three-bedroom units, 2 two-bedroom units, and 12 one-bedroom/efficiency units. Additional features include 3 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 units are fully occupied with one-year leases and security deposits in place. The owners are responsible for water, sewer, trash, and common electric. Tenants are responsible for heat (electric), electric, and cable. New roofs and windows have been recently installed on all the main buildings and the commercial garage. The property size is 13801 square feet.

Property Profile Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Location Insight

Map
Local Demand

City: Lenhartsville
County: Berks
State: Pennsylvania
Longitude: -75.883504
Latitude: 40.572095

Nearby Similar for Sale

$995,000

3,072 SF

Commercially Zoned Farmette with Warehouse

Farmette with warehouse near major routes, offering diverse potential.

572 OLD RTE 22, LENHARTSVILLE, PA 19534

View Details
$1,300,000

13,801 SF

Fully Occupied Investment Property

21-unit property on 9.86 acres with value-add potential.

1563 Old Route 22, Greenwich Twp, PA 19534

View Details
$1,300,000

20-Unit Multifamily Investment Opportunity

20-unit property with value-add potential near Lehigh Valley.

1563 OLD ROUTE 22, LENHARTSVILLE, PA 19534

View Details
$1,300,000

13,801 SF

20-Unit Multifamily Investment Opportunity

20-unit property with value-add potential near Lehigh Valley.

1563 Old U.S. 22, Lenhartsville, PA 19534

View Details

For sale
Apartment buildings
PA
Lenhartsville
19534
1563 Old Route 22

What type of property is this?

Apartment building - 21-unit property on 9.86 acres 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: Fully occupied 21‑unit property on just shy of 10 acres across two parcels; Unit mix includes 2–3BR, 2–2BR, and 12 1BR/efficiency units (all currently fully occupied with 1‑year leases); Owner pays W/S/T and common electric; tenants pay heat (electric), electric, and cable with all utilities separate

1563 Old Route 22, Lenhartsville, PA 19534

MULTI_FAMILY - Greenwich Twp, PA

Property Features for 1563 Old Route 22

General Information

Taxes and HOA fees

Utilities

Building Details

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Commercially Zoned Farmette with Warehouse

Fully Occupied Investment Property

20-Unit Multifamily Investment Opportunity

20-Unit Multifamily Investment Opportunity

FAQs

Create New Password