20-Unit Multifamily Investment
For Sale
Contact for pricing
1563 Old U.S 22, Lenhartsville, PA 19534
20-unit property with value-add potential near Lehigh Valley.
Property Size13,801 SF
Lot Size9.99 Acres
Price / SF$90.57
Days on Market884
Property Features for 1563 Old U.S 22
General Information
Standard status
Active
Size
13,801 SF
Lot size
9.99 Acres
Property subtype
Multifamily
Zoning
Village/Rural
Net Operating Income
$155,688
Building Details
Year Built
1935
Units
21
Listing Agency:
Century 21 KEIM REALTORS Allentown
(877) 208-4158
Listed By:
Loren Keim · License #PA
Source:
Crexi
Added: Mar 29, 2024
Changed: Aug 28
Last Checked: Aug 26 at 12:39PM
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 Allentown
Investment Insights
Based on property information with market context.
This 20-unit property, situated on just shy of 10 acres consisting of two parcels, presents a unique investment opportunity within a short 20-minute commute to the Lehigh Valley. The property includes 2 three-bedroom units, 2 two-bedroom units, and 11 one-bedroom/efficiency units. Additionally, there are 3 storage spaces, a workshop with a garage, and a commercial garage. The property offers value-add and upside potential through rent increases and the potential to add more units, subject to zoning and local municipality approval. All residential units are 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. New roofs and windows have been recently installed on all the main buildings and the commercial garage. The property size is 13801 square feet. 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 almost 10 acres across two parcels.
- Fully Occupied Residential Units with Leases/Security Deposits in Place.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
13
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 - 20-unit property with value-add potential near Lehigh Valley.
Where is this apartment building located?
The property is located at 1563 Old U.S 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: Over 10% Cap Rate based on current rents and occupancy.; 20 Units on almost 10 acres across two parcels.; Fully Occupied Residential Units with Leases/Security Deposits in Place.
