28-Unit Apartment
For Sale
$1,900,000
215 Quarry Street, Whitehall, PA 18052
CommercialSale, Whitehall Twp, PA
Property Size27,720 SF
Lot Size1.24 Acres
Price / SF$68.54
Days on Market482
Property Features for 215 Quarry Street
General Information
Property type
Commercial Sale
Property subtype
Apartment
Zoning
R-5A
Parking
56
Parking features
Off Street
Elementary school district
Whitehall-Coplay
Middle school district
Whitehall-Coplay
High school district
Whitehall-Coplay
Directions
Merge onto US-22 East, Take the Fullerton Ave exit, Take the ramp to Fullerton Ave, Turn left onto Fullerton Ave, Continue onto 3rd St, Turn right onto Quarry St, Destination will be on the left
Subdivision
Whitehall
Standard status
Active
APN
640812367096 1
Size
27,720 SF
Lot size
1.24 Acres
Taxes and HOA fees
Tax Annual Amount
15654
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Water source
Public
Building Details
Year built
1905
Number of units
28
Building materials
Masonry
Roof type
Flat
Listing Agency:
HowardHanna TheFrederickGroup · Howard Hanna
(610) 398-0411
Listed By:
Doug Frederick
(610) 360-4993
Added: Jun 11, 2025
Changed: Sep 2
Last Checked: Oct 5 at 8:06PM
MLS# 758870
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.
Built in 1905, this 27,720-square-foot masonry structure is planned for conversion into a 28-unit apartment building. The proposed layout includes 10 one-bedroom apartments and 18 two-bedroom apartments, with 12-foot ceilings and large open interior areas. The property includes a flat roof, natural gas heat, public water, and public sewer.
The 1.239-acre site is zoned R-5A and includes planned off-street parking at two spaces per apartment, along with a courtyard concept. The property is located in Whitehall Twp, Lehigh County, within the Whitehall/Coplay school district. The project is positioned as an adaptive reuse of a former sportswear manufacturing structure, with build-out and permitting work remaining for the next owner.
The 1.239-acre site is zoned R-5A and includes planned off-street parking at two spaces per apartment, along with a courtyard concept. The property is located in Whitehall Twp, Lehigh County, within the Whitehall/Coplay school district. The project is positioned as an adaptive reuse of a former sportswear manufacturing structure, with build-out and permitting work remaining for the next owner.
Key Highlights
- Planned 28‑unit apartment conversion with 10 one‑bedroom and 18 two‑bedroom apartments
- 27,720‑square‑foot masonry building on 1.239 acres
- 1905 construction with 12‑foot ceilings and large open interior areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$161,934
Cap Rate
8.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,238,680
$3.2M
Cap Rate 7%
$2,313,343
$2.3M
Cap Rate 9%
$1,799,267
$1.8M
Market Conditions
NOI Build-Up for 27,720 SF
Gross rent
$319.3K $11.52/SF
− Vacancy
−$24.9K −$0.90/SF
EGI
$294.4K $10.62/SF
− OpEx
−$132.5K −$4.78/SF
NOI
$161.9K $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 Rate 5%
$3,238,680
Cap Rate 7%
$2,313,343
Cap Rate 9%
$1,799,267
Alternative Uses
Best Use
Apartment 5plus
$2.31M
$2.02M – $2.70M
NOI $161,934 @ 7.0% cap · market cap 8.52%
Second Best
—
—
no second resolved use
Theoretical Best
Mixed Use
$4.08M
$3.57M – $4.76M
NOI $285,343 @ 7.0% cap · market cap 15.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
28
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
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Apartment building - 1905 masonry structure planned for adaptive reuse with public utilities and off-street parking.
Where is this apartment building located?
The property is located at 215 Quarry Street Whitehall, PA.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: Planned 28‑unit apartment conversion with 10 one‑bedroom and 18 two‑bedroom apartments; 27,720‑square‑foot masonry building on 1.239 acres; 1905 construction with 12‑foot ceilings and large open interior areas
