Three-Unit Residential Income
251 Main Street Slatington, PA 18080
251 Main Street, Slatington, PA, 18080
$445,000
For Sale
$445,000
MULTI_FAMILY - Slatington Boro, PA
Property Size3,351 SF
Price / SF$132.80
Days on Market29
Property Features for 251 Main Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 3
- Rooms
- Bedroom 1, Bedroom 5, Bedroom 3, Bedroom 4, Bedroom 2, Bedroom 6
- Standard status
- Active
- Size
- 3,351 SF
Building Details
- Year built
- 1905
Listing agency
BHHS Fox & Roach Macungie
(484) 519-4444
Listed by
Glen Paisley
(610) 504-4072
Added: Jun 25 Updated: Jul 23 at 3:02AM Checked: Jul 23 at 6:06AM
MLS# 779676
Copyright © 2026 Berkshire Hathaway HomeServices Fox & Roach, 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 is a fully occupied three-unit residential income property offering three separate rental units. Each unit includes a private balcony or deck. The property also offers on-street parking.
The investment is located in Slatington Boro, within the Northern Lehigh School District. The listing notes convenient proximity to shopping, dining, and major routes.
The current rental schedule lists monthly rents of $1,050 for Unit 1, $1,100 for Unit 2, and $1,450 for Unit 3. Units 1 and 3 have been recently renovated, providing updated interiors alongside stable tenancy.
The investment is located in Slatington Boro, within the Northern Lehigh School District. The listing notes convenient proximity to shopping, dining, and major routes.
The current rental schedule lists monthly rents of $1,050 for Unit 1, $1,100 for Unit 2, and $1,450 for Unit 3. Units 1 and 3 have been recently renovated, providing updated interiors alongside stable tenancy.
Key Highlights
- Fully occupied 3‑unit property with $43,200 in annual rental income
- Year built 1905
- Current rents: $1,050/mo (Unit 1), $1,100/mo (Unit 2), $1,450/mo (Unit 3)
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $34.6k | $10.32 |
| − Vacancy | −$2.6k | −$0.76 |
| EGI | $32.0k | $9.56 |
| − OpEx | −$9.6k | −$2.87 |
| NOI | $22.4k | $6.69 |
3,351 SF · lease $10.32/SF/yr · vacancy 7.41% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$320.2K
$280.2K – $373.6K
NOI $22,414 @ 7.0% cap · market cap 5.04%
Second Best
Apartment 5plus
$279.7K
$244.7K – $326.3K
NOI $19,576 @ 7.0% cap · market cap 4.40%
Theoretical Best
Mixed Use
$492.8K
$431.2K – $574.9K
NOI $34,494 @ 7.0% cap · market cap 7.75%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Lisa Ross Notary ...
Law Firm
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FAQs
What type of property is this?
Triplex - Fully occupied three-unit property with private balconies or decks and on-street parking in Slatington.
Where is this triplex located?
The property is located at 251 Main Street Slatington, PA.
What is the asking price?
The asking price for this property is $445,000.
What are key features of this property?
This property features: Fully occupied 3‑unit property with $43,200 in annual rental income; Year built 1905; Current rents: $1,050/mo (Unit 1), $1,100/mo (Unit 2), $1,450/mo (Unit 3)
