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    216 Penn Street Bath, PA 18014

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    Claim this Listing
    For Sale
    $2,795,000

    MULTI_FAMILY - Bath Boro, PA

    Lot size:
    0.31 Acres
    Added:
    Dec 2, 2025
    Days on Market:
    157
    Last Refresh:
    May 8 at 5:06 am

    Property Features for 216 Penn Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    03MI
    Bedrooms
    27
    Bathrooms
    12
    Rooms
    Bedroom 9, Bedroom 12, Bedroom 13, Bedroom 17, Bedroom 20, Bedroom 25, Bathroom 4, Bedroom 19, Bedroom 16, Bedroom 23, Bathroom 5, Bathroom 10, Bedroom 22, Bathroom 12, Bathroom 9, Bedroom 24, Bathroom 8, Bedroom 1, Bathroom 2, Bedroom 18, Bedroom 7, Bedroom 2, Bathroom 6, Bathroom 1, Bedroom 27, Bedroom 10, Bedroom 8, Bedroom 5, Bedroom 6, Bedroom 4, Bedroom 11, Bathroom 11, Bedroom 26, Bathroom 3, Bedroom 14, Bedroom 21, Bathroom 7, Bedroom 3, Bedroom 15
    Parking
    19
    Parking features
    On Street, Off Street
    Interior features
    HandicapAccess
    Accessibility
    Accessible Approach with Ramp
    Standard status
    Active
    APN
    K6NW3D 3 20 0503
    Lot size
    0.31 Acres

    Taxes and HOA fees

    Tax Annual Amount
    23914

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Heat Pump (Heating), Electric (Heating)
    Cooling system
    Ceiling Fan(s), Central Air
    Water source
    Public

    Building Details

    Year built
    1906
    Floors in Building
    3
    Number of units
    12
    Building materials
    AluminumSiding, Brick

    We can help!

    Listing Contact
    Jason R. Kocsis

    Listing agent Jason R. Kocsis

    Listing office Home Team Real Estate 52 Highland Ave, Ste B, Bethlehem, PA

    Listing date Dec 2, 2025

    MLS# 768471 Listing URL

    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.

    HighLights

    • Twelve upscale apartments in a maintenance‑free brick building
    • Mix of spacious two‑bedroom, one‑bedroom, and efficiency units with high‑end finishes
    • Granite countertops, tile backsplashes, upgraded appliances, luxury vinyl plank flooring, and tile baths
    • Each apartment has its own heat pump and air conditioning
    • Landlord provides water, sewer, trash, snow removal, lawn care, and off‑street parking
    • Centrally located in Bath, PA, within walking distance to local shops and eateries, and close to Route 22

    Overview

    Upscale Apartments in Converted Schoolhouse

    This converted schoolhouse features twelve upscale apartments within a maintenance-free brick building. The property offers six two-bedroom units, five one-bedroom units, and one efficiency, each designed with high-end finishes. Kitchens include granite countertops, tile backsplashes, and upgraded appliances. Luxury vinyl plank flooring and tile baths are present throughout. The apartments feature open floor plans with exposed ductwork, eight-foot ceilings, and oversized windows with deep sills. Each apartment is equipped with its own heat pump and air conditioning. The landlord provides water, sewer, trash, snow removal, lawn care, and off-street parking. On-site laundry facilities are available. Located in Bath, Pennsylvania, the property is within walking distance of local shops and eateries and is five miles from Route 22. The property, situated on 0.311 acres, is zoned 03MI. It is located in Northampton County.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Bath
    County
    Northampton
    State
    Pennsylvania
    Longitude
    -75.390479
    Latitude
    40.725198

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    FAQs

    What type of property is this?
    Apartment building - Twelve upscale apartments in Bath Boro, PA, for sale.
    Where is this apartment building located?
    The property is located at 216 Penn Street Bath, PA.
    What is the asking price?
    The asking price for this property is $2,795,000.
    What are key features of this property?
    This property features: Twelve upscale apartments in a maintenance‑free brick building; Mix of spacious two‑bedroom, one‑bedroom, and efficiency units with high‑end finishes; Granite countertops, tile backsplashes, upgraded appliances, luxury vinyl plank flooring, and tile baths
    (610) 419-8888
    We can help!
    Listing Contact
    Jason R. Kocsis
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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