Four-Unit Property with
For Sale
$419,000
Pending
217 Pen Argyl Street, Pen Argyl, PA 18072
Quadplex with one vacant, rent-ready unit and landlord-paid water, sewer, and trash service.
Property Size3,268 SF
Days on Market92
Property Features for 217 Pen Argyl Street
General Information
Standard status
Pending
Size
3,268 SF
Property subtype
Apartment
Additional Details
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$4,316
Building Details
Building Size
3,268 SF
Year Built
1910
Listing Agency:
Steel City Realty
Listed By:
Jennifer L. DeJesus · License #PA RM423820
(610) 217-6330
Source:
Bhhspaulfordrealtors
Added: Aug 5
Changed: Nov 3
Last Checked: Nov 3 at 11:46AM
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 Steel City Realty
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Investment Insights
Based on property information with market context.
This 3,268-square-foot quadplex contains four units and includes a garage. Built in 1910, the property has one vacant unit that is ready for occupancy, providing a clearly defined lease-up component within the existing configuration.
The property is located at 217 Pen Argyl Street in Pen Argyl, PA, and is zoned 25R78. The landlord currently pays for water, sewer, and trash service. The four-unit layout and included garage are central physical features of the property.
The property is located at 217 Pen Argyl Street in Pen Argyl, PA, and is zoned 25R78. The landlord currently pays for water, sewer, and trash service. The four-unit layout and included garage are central physical features of the property.
Key Highlights
- Four‑unit quadplex with an included garage
- 3,268‑square‑foot property built in 1910
- One unit is vacant and ready for occupancy
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,605
Cap Rate
5.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$432,100
$432.1K
Cap Rate 7%
$308,643
$308.6K
Cap Rate 9%
$240,056
$240.1K
Market Conditions
NOI Build-Up for 3,268 SF
Gross rent
$33.3K $10.20/SF
− Vacancy
−$2.5K −$0.76/SF
EGI
$30.9K $9.44/SF
− OpEx
−$9.3K −$2.83/SF
NOI
$21.6K $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%
$432,100
Cap Rate 7%
$308,643
Cap Rate 9%
$240,056
Alternative Uses
Best Use
Multifamily LT 5
$308.6K
$270.1K – $360.1K
NOI $21,605 @ 7.0% cap · market cap 5.16%
Second Best
Apartment 5plus
$284.1K
$248.6K – $331.4K
NOI $19,886 @ 7.0% cap · market cap 4.75%
Theoretical Best
Office A
$619.8K
$542.4K – $723.2K
NOI $43,389 @ 7.0% cap · market cap 10.36%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
249
Businesses Nearby
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Business Placement
Demographics for 18072, PA
6,734
Population
2,779
Households
2.4
Avg Household Size
43
Median Age
23%
College-Educated
87%
High-School Grad
14.9 sq mi
ZIP Area
452
Density / Sq Mi
$79,067
Median Household Income
$41,056
Median Earnings
$1,525
Median Rent
$244,100
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Quadplex - Quadplex with one vacant, rent-ready unit and landlord-paid water, sewer, and trash service.
Where is this quadplex located?
The property is located at 217 Pen Argyl Street Pen Argyl, PA.
What is the asking price?
The asking price for this property is $419,000.
What are key features of this property?
This property features: Four‑unit quadplex with an included garage; 3,268‑square‑foot property built in 1910; One unit is vacant and ready for occupancy
