Mixed-Use Property with
New
For Sale
$329,500
17 N 4th Street, Emmaus, PA 18049
MULTI_FAMILY - Emmaus Boro, PA
Property Size1,620 SF
Lot Size0.07 Acres
Price / SF$203.40
Days on Market1
Property Features for 17 N 4th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
B-C Central Commercial
Parking
8
Parking features
Off Street, On Street
Subdivision
Not in Development
Elementary school district
East Penn
Middle school district
East Penn
High school district
East Penn
Directions
1/2 block North of Main/Chestnut. Property on right when coming from Main St.
Standard status
Active
APN
549466100170 1
Size
1,620 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Annual Amount
4272
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Natural Gas
Cooling system
Ceiling Fan(s), Window Unit(s)
Water source
Public
Building Details
Year built
1885
Floors in Building
2
Number of units
2
Flooring type
Carpet
Building materials
Brick
Listing Agency:
Hawthorne Real Estate
(610) 628-4022
Listed By:
Mark Smith
(610) 509-1550
Added: Aug 14
Last Checked: Aug 14 at 9:06PM
MLS# 782727
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 mixed-use building at 17 N 4th Street combines commercial and residential space within a brick structure built in 1885. The 1,620-square-foot property includes a first-floor commercial area and a two-bedroom apartment above that is currently vacant. The upper unit is described as brand new, while the commercial portion is partially leased to a hair salon that has occupied the space since 2020.
The property occupies 0.069 acres in Emmaus Boro and includes off-street and on-street parking. Public water and public sewer serve the building, with electric and natural gas heating, ceiling fans, and window-unit cooling. The property is zoned B-C Central Commercial and is held on a separate deed from its twin property next door, which is also available for package purchase.
The property occupies 0.069 acres in Emmaus Boro and includes off-street and on-street parking. Public water and public sewer serve the building, with electric and natural gas heating, ceiling fans, and window-unit cooling. The property is zoned B-C Central Commercial and is held on a separate deed from its twin property next door, which is also available for package purchase.
Key Highlights
- 1,620‑square‑foot mixed‑use building on 0.069 acres
- First‑floor commercial space partially leased to a hair salon since 2020
- Vacant brand‑new 2‑bedroom apartment above the commercial area
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
$16,676
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
5.06%
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%
$333,520
$333.5K
Cap Rate 7%
$238,229
$238.2K
Cap Rate 9%
$185,289
$185.3K
Market Conditions
NOI Build-Up for 1,620 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
$29.2K $18.00/SF
− Vacancy
−$2.5K −$1.53/SF
EGI
$26.7K $16.47/SF
− OpEx
−$10.0K −$6.18/SF
NOI
$16.7K $10.29/SF
Area
Lehigh County, PA
Vacancy
8.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
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%
$333,520
Cap Rate 7%
$238,229
Cap Rate 9%
$185,289
Alternative Uses
Best Use
Mixed Use
$238.2K
$208.5K – $277.9K
NOI $16,676 @ 7.0% cap · market cap 5.06%
Second Best
Retail
$157.7K
$138.0K – $184.0K
NOI $11,041 @ 7.0% cap · market cap 3.35%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
805
Businesses Nearby
Explore this area
Business Placement
Demographics for 18049, PA
18,440
Population
7,659
Households
2.4
Avg Household Size
43
Median Age
38%
College-Educated
94%
High-School Grad
15.0 sq mi
ZIP Area
1,229
Density / Sq Mi
$93,924
Median Household Income
$44,310
Median Earnings
$1,316
Median Rent
$282,500
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?
Mixed-use property - Brick building combines a commercial storefront with a vacant upper-level residence and rear parking.
Where is this mixed-use property located?
The property is located at 17 N 4th Street Emmaus, PA.
What is the asking price?
The asking price for this property is $329,500.
What are key features of this property?
This property features: 1,620‑square‑foot mixed‑use building on 0.069 acres; First‑floor commercial space partially leased to a hair salon since 2020; Vacant brand‑new 2‑bedroom apartment above the commercial area
