Duplex With Large
225 3rd Street, Bangor, PA 18013
For Sale
New
$339,900
ResidentialIncome, Bangor Boro, PA
Property Size2,032 SF
Lot Size0.18 Acres
Price / SF$167.27
Days on Market3
Property Features for 225 3rd Street
General Information
Property type
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Zoning
Bedrooms
Bathrooms
Full bathrooms
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Rooms
Parking
Parking features
Subdivision
Elementary school district
Middle school district
High school district
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Standard status
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Size
Lot size
Additional Details
Individually Metered Utilities
Taxes and HOA fees
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Building Details
Year built
Floors in Building
Number of units
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Listing Agency:
IronValley RE of Lehigh Valley
(610) 766-7200
Listed By:
Emily E. Kerecman
(610) 573-9373
Added: Nov 5
Changed: Nov 7
Last Checked: Nov 7 at 5:06PM
MLS# 787559
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.
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Investment Insights
Based on property information with market context.
This 2,032-square-foot duplex on a 0.179-acre parcel includes a three-bedroom, one-and-a-half-bathroom main home, an apartment, and a garage identified as a third rentable unit. The 35-by-30-foot garage has 11-foot ceilings. Interior features include refinished hardwood floors, updated lighting, refreshed flooring, and a sunroom off both the home and apartment. The property also has a new roof, gutters, and soffit, along with newer windows and gas utilities.
Separate water, sewer, electric, and trash services serve the three rentable components. The property is approved for multifamily use by Bangor Borough and is to be conveyed with a clear certificate of occupancy. Built in 1920, it has public water and public sewer, with off-street parking, a driveway, and on-street parking options.
Separate water, sewer, electric, and trash services serve the three rentable components. The property is approved for multifamily use by Bangor Borough and is to be conveyed with a clear certificate of occupancy. Built in 1920, it has public water and public sewer, with off-street parking, a driveway, and on-street parking options.
Key Highlights
- Three rentable components: main home, apartment, and garage
- 2,032 square feet on a 0.179‑acre parcel
- 35' x 30' garage with 11' ceilings
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,433
Cap Rate
3.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$268,660
$268.7K
Cap Rate 7%
$191,900
$191.9K
Cap Rate 9%
$149,256
$149.3K
Market Conditions
NOI Build-Up for 2,032 SF
Gross rent
$20.7K $10.20/SF
− Vacancy
−$1.5K −$0.76/SF
EGI
$19.2K $9.44/SF
− OpEx
−$5.8K −$2.83/SF
NOI
$13.4K $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%
$268,660
Cap Rate 7%
$191,900
Cap Rate 9%
$149,256
Alternative Uses
Best Use
Multifamily LT 5
$191.9K
$167.9K – $223.9K
NOI $13,433 @ 7.0% cap · market cap 3.95%
Second Best
Apartment 5plus
$176.6K
$154.6K – $206.1K
NOI $12,365 @ 7.0% cap · market cap 3.64%
Theoretical Best
Office A
$385.4K
$337.2K – $449.6K
NOI $26,978 @ 7.0% cap · market cap 7.94%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
428
Businesses Nearby
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Demographics for 18013, PA
17,436
Population
7,401
Households
2.4
Avg Household Size
44
Median Age
24%
College-Educated
89%
High-School Grad
63.0 sq mi
ZIP Area
277
Density / Sq Mi
$76,116
Median Household Income
$37,107
Median Earnings
$1,088
Median Rent
$245,700
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Northampton County, PA
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Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Three rentable components have separate water, sewer, electric, and trash services.
Where is this duplex located?
The property is located at 225 3rd Street Bangor, PA.
What is the asking price?
The asking price for this property is $339,900.
What are key features of this property?
This property features: Three rentable components: main home, apartment, and garage; 2,032 square feet on a 0.179‑acre parcel; 35' x 30' garage with 11' ceilings
