Four-Unit Multifamily
For Sale
Contact for pricing
212 Quarry St, Whitehall, PA 18052
Four-unit multifamily building offered for sale as a residential income property.
Property Size5,850 SF
Price / SF$68.21
Days on Market34
Property Features for 212 Quarry St
General Information
Standard status
Active
Size
5,850 SF
Property subtype
Multifamily
Additional Details
Multifamily Units
4
Building Details
Units
4
Listing Agency:
Hanna Commercial Real Estate Cleveland
Listed By:
Doug Frederick, GRI, CRB · License #OH
Source:
Crexi
Added: Jul 20
Changed: Aug 8
Last Checked: Aug 20 at 8:21PM
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 Hanna Commercial Real Estate Cleveland
Investment Insights
Based on property information with market context.
This four-unit multifamily property is offered for sale as a residential income asset. The building is configured as four separate units within a single multifamily structure.
The property is located at 212 Quarry St in Fullerton, PA 18052, and is presented as a quadplex-style rental configuration.
With a total property size of 5,850, this offering is suited for buyers seeking a small, four-unit residential income investment.
The property is located at 212 Quarry St in Fullerton, PA 18052, and is presented as a quadplex-style rental configuration.
With a total property size of 5,850, this offering is suited for buyers seeking a small, four-unit residential income investment.
Key Highlights
- Four‑unit multifamily building offered for sale as a residential income property.
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
$34,174
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
8.56%
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%
$683,480
$683.5K
Cap Rate 7%
$488,200
$488.2K
Cap Rate 9%
$379,711
$379.7K
Market Conditions
NOI Build-Up for 5,850 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
$67.4K $11.52/SF
− Vacancy
−$5.3K −$0.90/SF
EGI
$62.1K $10.62/SF
− OpEx
−$28.0K −$4.78/SF
NOI
$34.2K $5.84/SF
Area
Lehigh County, PA
Vacancy
7.80%
Lease Rate
$11.52 /SF/Yr
Expense Ratio
45.00%
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%
$683,480
Cap Rate 7%
$488,200
Cap Rate 9%
$379,711
Alternative Uses
Best Use
Multifamily LT 5
$559.0K
$489.1K – $652.2K
NOI $39,129 @ 7.0% cap · market cap 9.81%
Second Best
Apartment 5plus
$488.2K
$427.2K – $569.6K
NOI $34,174 @ 7.0% cap · market cap 8.56%
Theoretical Best
Mixed Use
$860.3K
$752.7K – $1.00M
NOI $60,218 @ 7.0% cap · market cap 15.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
465
Businesses Nearby
Explore this area
Business Placement
Demographics for 18052, PA
29,317
Population
12,193
Households
2.4
Avg Household Size
42
Median Age
27%
College-Educated
92%
High-School Grad
12.8 sq mi
ZIP Area
2,290
Density / Sq Mi
$69,499
Median Household Income
$39,491
Median Earnings
$1,387
Median Rent
$247,100
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?
Quadplex - Four-unit multifamily building offered for sale as a residential income property.
Where is this quadplex located?
The property is located at 212 Quarry St Whitehall, PA.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Four‑unit multifamily building offered for sale as a residential income property.
