7-Bedroom Residential Income
For Sale
$780,000
24 Hopkins Circle, Albrightsville, PA 18210
ResidentialIncome, Penn Forest Twp, PA
Property Size2,900 SF
Lot Size0.34 Acres
Price / SF$268.97
Days on Market104
Property Features for 24 Hopkins Circle
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R2
Bedrooms
7
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 3, Bedroom 6, Bedroom 2, Bedroom 5, Bedroom 4, Bedroom 1, Bathroom 2, Bathroom 1, Bathroom 3, Bedroom 7
Parking
8
Parking features
Garage
Subdivision
Towamensing Trails
Elementary school district
Jim Thorpe
Middle school district
Jim Thorpe
High school district
Jim Thorpe
Directions
From Pennsylvania turnpike use exit 87 onto PA-903 North, Right onto S Old Stage Road, left onto Penn Forrest Trail, house is on the right.
Standard status
Active
APN
22A-51-C1446
Size
2,900 SF
Lot size
0.34 Acres
Taxes and HOA fees
Tax Annual Amount
9861
Utilities
Sewer type
Septic Tank
Heating system
Electric (Heating), Baseboard, Natural Gas, Heat Pump (Heating)
Cooling system
Central Air, Wall Unit(s)
Water source
Well
Building Details
Year built
1988
Number of units
1
Building materials
VinylSiding
Listing Agency:
IronValley RE of Lehigh Valley
(610) 766-7200
Listed By:
Robert Inselmann · License #AB066154
(484) 241-1011
Added: May 13
Changed: Aug 19
Last Checked: Aug 24 at 4:06AM
MLS# 776063
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.
This residential income property includes a 7-bedroom, 3-bathroom home with multiple decks for outdoor entertaining and relaxation. The interior living area features a cozy fireplace, and the layout provides ample room across seven bedrooms.
Located in Penn Forest Twp, Carbon County, PA, the home is described as being within walking distance to a nearby lake. The setting is characterized as peaceful and wooded, with a hot tub on site.
The property is offered for sale as a single-family-style asset that can serve multiple residential uses, including primary residence, vacation retreat, or short-term rental use in an STR-friendly community as described in the remarks.
Located in Penn Forest Twp, Carbon County, PA, the home is described as being within walking distance to a nearby lake. The setting is characterized as peaceful and wooded, with a hot tub on site.
The property is offered for sale as a single-family-style asset that can serve multiple residential uses, including primary residence, vacation retreat, or short-term rental use in an STR-friendly community as described in the remarks.
Key Highlights
- 7‑bedroom, 3‑bath home built in 1988
- Multiple decks plus a private hot tub for outdoor entertaining and relaxing
- Indoor living area with a cozy fireplace
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
$26,758
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
3.43%
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%
$535,160
$535.2K
Cap Rate 7%
$382,257
$382.3K
Cap Rate 9%
$297,311
$297.3K
Market Conditions
NOI Build-Up for 2,900 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
$52.2K $18.00/SF
− Vacancy
−$3.5K −$1.22/SF
EGI
$48.7K $16.78/SF
− OpEx
−$21.9K −$7.55/SF
NOI
$26.8K $9.23/SF
Area
Carbon County, PA
Vacancy
6.80%
Lease Rate
$18.00 /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%
$535,160
Cap Rate 7%
$382,257
Cap Rate 9%
$297,311
Alternative Uses
Best Use
Apartment 5plus
$382.3K
$334.5K – $446.0K
NOI $26,758 @ 7.0% cap · market cap 3.43%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$569.7K
$498.5K – $664.7K
NOI $39,881 @ 7.0% cap · market cap 5.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
22
Businesses Nearby
Explore this area
Business Placement
Demographics for 18210, PA
8,787
Population
5,954
Households
1.5
Avg Household Size
46
Median Age
21%
College-Educated
92%
High-School Grad
35.8 sq mi
ZIP Area
245
Density / Sq Mi
$75,064
Median Household Income
$39,036
Median Earnings
$1,241
Median Rent
$216,800
Median Home Value
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Single family property - Residential income property offering seven bedrooms and three bathrooms with multiple outdoor decks.
Where is this single family property located?
The property is located at 24 Hopkins Circle Albrightsville, PA.
What is the asking price?
The asking price for this property is $780,000.
What are key features of this property?
This property features: 7‑bedroom, 3‑bath home built in 1988; Multiple decks plus a private hot tub for outdoor entertaining and relaxing; Indoor living area with a cozy fireplace
