Four-Unit Quadplex with Detached
For Sale
$624,900
1651 St Canal, Northampton, PA 18067
MULTI_FAMILY - Northampton Boro, PA
Property Size2,998 SF
Lot Size0.24 Acres
Price / SF$208.44
Days on Market48
Property Features for 1651 St Canal
General Information
Property type
Residential Multi Family
Property subtype
Apartment
Zoning
R-2-Residential
Bedrooms
7
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 7, Bathroom 4, Bedroom 6, Bedroom 1, Bathroom 3, Bedroom 2, Bathroom 2, Bathroom 1, Bedroom 5, Bedroom 3, Bedroom 4
Parking
2
Subdivision
Not in Development
Elementary school district
Northampton
Middle school district
Northampton
High school district
Northampton
Directions
Rt 329 (21st St Northampton) to Canal St. Property is on left.
Standard status
Active
APN
M4NW1B 4 6 0522
Size
2,998 SF
Lot size
0.24 Acres
Taxes and HOA fees
Tax Annual Amount
5956
Utilities
Sewer type
Public Sewer
Heating system
Hot Water(Heating), Natural Gas
Cooling system
Window Unit(s)
Water source
Public
Amenities
washer/dryer hookup
Building Details
Year built
1900
Number of units
4
Building materials
Brick, VinylSiding
Listing Agency:
Miklas Realty
(610) 837-4888
Listed By:
Michael C. Dickinson
(610) 837-4888
Added: Jul 9
Changed: Aug 1
Last Checked: Aug 25 at 11:06PM
MLS# 780534
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 four-unit quadplex sits on a corner lot and is fully occupied. Unit 1 is a two-bedroom, one-bath apartment with long-term tenants who also handle lawncare and snow removal. Unit 2 is a large one-bedroom on the second and third floors, and Unit 3 is a one-bedroom on the second floor. A detached three-bedroom, one-bath ranch home with a full basement is located at the rear of the property. Units 1 and the rear home have washer and dryer hookups. All units have gas heat, window unit cooling, and tenants pay their own utilities except trash. Units 1 and 3 have brand new water heaters, and pets are on the property.
The property is zoned R-2-Residential and totals 0.242 acres with a building size of 2,998 square feet. Construction is brick with vinyl siding, and the home is served by public water and public sewer.
The layout includes multiple separate living spaces on one lot, with the potential for adding on to the existing building or constructing an additional building, subject to borough due diligence.
The property is zoned R-2-Residential and totals 0.242 acres with a building size of 2,998 square feet. Construction is brick with vinyl siding, and the home is served by public water and public sewer.
The layout includes multiple separate living spaces on one lot, with the potential for adding on to the existing building or constructing an additional building, subject to borough due diligence.
Key Highlights
- Four occupied units plus a detached 3‑bedroom 1‑bath ranch with full basement
- 0.242‑acre corner lot; building size 2,998 square feet
- Zoned R‑2‑Residential with public water and public sewer
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
$19,820
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
3.17%
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%
$396,400
$396.4K
Cap Rate 7%
$283,143
$283.1K
Cap Rate 9%
$220,222
$220.2K
Market Conditions
NOI Build-Up for 2,998 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
$30.6K $10.20/SF
− Vacancy
−$2.3K −$0.76/SF
EGI
$28.3K $9.44/SF
− OpEx
−$8.5K −$2.83/SF
NOI
$19.8K $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%
$396,400
Cap Rate 7%
$283,143
Cap Rate 9%
$220,222
Alternative Uses
Best Use
Multifamily LT 5
$283.1K
$247.8K – $330.3K
NOI $19,820 @ 7.0% cap · market cap 3.17%
Second Best
Apartment 5plus
$260.6K
$228.0K – $304.1K
NOI $18,243 @ 7.0% cap · market cap 2.92%
Theoretical Best
Office A
$568.6K
$497.6K – $663.4K
NOI $39,804 @ 7.0% cap · market cap 6.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
514
Businesses Nearby
Explore this area
Business Placement
Demographics for 18067, PA
19,800
Population
8,678
Households
2.3
Avg Household Size
44
Median Age
27%
College-Educated
95%
High-School Grad
25.5 sq mi
ZIP Area
776
Density / Sq Mi
$89,965
Median Household Income
$53,669
Median Earnings
$1,244
Median Rent
$265,400
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?
Quadplex - Northampton quadplex on a corner lot with all units occupied, featuring gas heat, public utilities, and a detached ranch home.
Where is this quadplex located?
The property is located at 1651 St Canal Northampton, PA.
What is the asking price?
The asking price for this property is $624,900.
What are key features of this property?
This property features: Four occupied units plus a detached 3‑bedroom 1‑bath ranch with full basement; 0.242‑acre corner lot; building size 2,998 square feet; Zoned R‑2‑Residential with public water and public sewer
