4-Unit Apartment Building with
1915 Main Street, Northampton, PA 18067
For Sale
$649,900
One- and two-bedroom residences are paired with garage space and a loft for storage.
Property Size3,589 SF
Price / SF$181.08
Days on Market50
Property Features for 1915 Main Street
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Net Operating Income
Financials
Cap Rate
Gross Income
Site & Location
Highway Access
Road Access
Additional Details
Multifamily Units
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
yard
Building Details
Building Size
Year Built
Listing Agency:
Coldwell Banker Hearthside
Listed By:
Meg Leadbetter
(610) 936-9953
Source:
Redstonerun
Added: Sep 20
Changed: Nov 8
Last Checked: Nov 7 at 9:04PM
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 Coldwell Banker Hearthside
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Investment Insights
Based on property information with market context.
This 3,589-square-foot apartment property contains four residences, with one- and two-bedroom layouts and one bathroom in each. The improvements include a two-car garage, a separate single-car garage used for storage, and a loft above the garage that provides additional storage space. The property was built in 1920 and includes a yard.
Situated on Main Street in Northampton, the property is near restaurants, shopping, businesses, schools, and major roadways. The four-unit configuration includes a reported 7.78% cap rate.
Situated on Main Street in Northampton, the property is near restaurants, shopping, businesses, schools, and major roadways. The four-unit configuration includes a reported 7.78% cap rate.
Key Highlights
- Four residential units with one- and two‑bedroom layouts
- 3,589 square feet; built in 1920
- Two‑car garage plus a separate single‑car garage used for storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,727
Cap Rate
3.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$474,540
$474.5K
Cap Rate 7%
$338,957
$339.0K
Cap Rate 9%
$263,633
$263.6K
Market Conditions
NOI Build-Up for 3,589 SF
Gross rent
$36.6K $10.20/SF
− Vacancy
−$2.7K −$0.76/SF
EGI
$33.9K $9.44/SF
− OpEx
−$10.2K −$2.83/SF
NOI
$23.7K $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 Rate 5%
$474,540
Cap Rate 7%
$338,957
Cap Rate 9%
$263,633
Alternative Uses
Best Use
Multifamily LT 5
$339.0K
$296.6K – $395.5K
NOI $23,727 @ 7.0% cap · market cap 3.65%
Second Best
Apartment 5plus
$312.0K
$273.0K – $364.0K
NOI $21,840 @ 7.0% cap · market cap 3.36%
Theoretical Best
Office A
$680.7K
$595.6K – $794.2K
NOI $47,650 @ 7.0% cap · market cap 7.33%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
4
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
521
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Quadplex - One- and two-bedroom residences are paired with garage space and a loft for storage.
Where is this quadplex located?
The property is located at 1915 Main Street Northampton, PA.
What is the asking price?
The asking price for this property is $649,900.
What are key features of this property?
This property features: Four residential units with one- and two‑bedroom layouts; 3,589 square feet; built in 1920; Two‑car garage plus a separate single‑car garage used for storage
