Occupied Duplex with Finished
New
For Sale
$380,000
16 - 18 E Main Street, Pen Argyl, PA 18072
Residential Income, Pen Argyl, PA
Property Size4,100 SF
Lot Size0.19 Acres
Price / SF$92.68
Days on Market2
Property Features for 16 - 18 E Main Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
Residential
Bedrooms
4
Full bathrooms
2
Rooms
Bathroom 2, Bedroom 1, Bedroom 4, Bedroom 2, Bathroom 1, Basement, Bedroom 3
Interior features
Eat-in Kitchen
Basement
Dirt Floor, Full, Unfinished
Appliances
Electric Range, Refrigerator, Water Heater
Lot features
Level, Back Yard, Front Yard, Cleared
Subdivision
Pen Argyl Borough
Standard status
Active
APN
5665-04-8190-5824
Size
4,100 SF
Lot size
0.19 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
Block: 61 /Lot: 8 /School District: 02-Bethlehem Area /Fuel Type: Oil
Tax Annual Amount
3272
Legal Description
Block: 61 /Lot: 8 /School District: 02-Bethlehem Area /Fuel Type: Oil
Utilities
Sewer type
Public Sewer
Heating system
Oil, Electric (Heating), Baseboard, Forced Air
Cooling system
Ductless, Ceiling Fan(s)
Water source
Public
Building Details
Year built
1870
Floors in Building
3
Number of units
2
Flooring type
Carpet, Tile, Linoleum, Vinyl
Building materials
Vinyl Siding
Roof type
Fiberglass, Asphalt
Architectural style
Other
Listing Agency:
Realty Executives - Stroudsburg · Realty Executives International
(570) 476-2424
Listed By:
Deborah Strayer · License #RS368553
(570) 476-2424
Added: Aug 31
Last Checked: Sep 1 at 11:06AM
MLS# PM-144339
Copyright © 2026 Pocono Mountains Association of 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 4,100-square-foot duplex includes two residences totaling four bedrooms and two bathrooms. Each unit has a finished walk-up attic that can support storage, a home office, or other flexible household needs. Interior features include eat-in kitchens, electric ranges, refrigerators, water heaters, and a mix of carpet, tile, linoleum, and vinyl flooring. The property was built in 1870 and has vinyl siding, fiberglass and asphalt roofing, public water, and public sewer. Heating includes oil, electric, baseboard, and forced-air systems, while cooling is provided by ductless equipment and ceiling fans.
Situated on a 0.19-acre lot at 16 - 18 E Main Street in Pen Argyl, the property is near local shops, dining, services, and everyday essentials. Both units are rented, and tenants pay all utilities, providing an established residential income setup.
Situated on a 0.19-acre lot at 16 - 18 E Main Street in Pen Argyl, the property is near local shops, dining, services, and everyday essentials. Both units are rented, and tenants pay all utilities, providing an established residential income setup.
Key Highlights
- Two‑unit duplex with 4 bedrooms and 2 bathrooms
- Both residences are rented
- Finished walk‑up attic space in each unit
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$27,105
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.13%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$542,100
$542.1K
Cap Rate 7%
$387,214
$387.2K
Cap Rate 9%
$301,167
$301.2K
Market Conditions
NOI Build-Up for 4,100 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$41.8K $10.20/SF
− Vacancy
−$3.1K −$0.76/SF
EGI
$38.7K $9.44/SF
− OpEx
−$11.6K −$2.83/SF
NOI
$27.1K $6.61/SF
Area
Northampton County, PA
Vacancy
7.41%
Lease Rate
$10.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$542,100
Cap Rate 7%
$387,214
Cap Rate 9%
$301,167
Alternative Uses
Best Use
Multifamily LT 5
$387.2K
$338.8K – $451.8K
NOI $27,105 @ 7.0% cap · market cap 7.13%
Second Best
Apartment 5plus
$356.4K
$311.9K – $415.8K
NOI $24,949 @ 7.0% cap · market cap 6.57%
Theoretical Best
Office A
$777.6K
$680.4K – $907.3K
NOI $54,435 @ 7.0% cap · market cap 14.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
256
Businesses Nearby
Explore this area
Business Placement
Demographics for 18072, PA
6,734
Population
2,779
Households
2.4
Avg Household Size
43
Median Age
23%
College-Educated
87%
High-School Grad
14.9 sq mi
ZIP Area
452
Density / Sq Mi
$79,067
Median Household Income
$41,056
Median Earnings
$1,525
Median Rent
$244,100
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?
Duplex - Both residences are rented, with tenants paying all utilities.
Where is this duplex located?
The property is located at 16 - 18 E Main Street Pen Argyl, PA.
What is the asking price?
The asking price for this property is $380,000.
What are key features of this property?
This property features: Two‑unit duplex with 4 bedrooms and 2 bathrooms; Both residences are rented; Finished walk‑up attic space in each unit
