Listing Agency: Steel City Realty j**@dejesusteam.com Show Phone

Listed By: James J. Reardon · License #RS342638 Show Phone

Source: Exprealty

Added: Oct 28 Changed: Nov 3 Last Checked: Nov 3 at 2:51PM

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Investment Insights

Based on property information with market context.

At 3,200 square feet, this renovated mixed-use property contains four apartments—two with two bedrooms and two with one bedroom—alongside a commercial space. The commercial area may be convertible to a two-bedroom apartment, subject to municipal approvals. The property also includes an off-street parking lot and a separate garage. It is vacant following renovations and is being marketed for rent.

Summit Hill places the property near outdoor recreation and attractions in Jim Thorpe and the Poconos. The area also offers connections to Lehigh Valley employment centers, including warehouses and distribution facilities.

Key Highlights

• 3,200‑square‑foot mixed‑use property
• Four apartments: two 2‑bedroom units and two 1‑bedroom units
• Commercial space with possible conversion to a 2‑bedroom apartment, subject to municipal approvals

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$31,248

Cap Rate

5.77%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$624,960 $625.0K

Cap Rate 7%

$446,400 $446.4K

Cap Rate 9%

$347,200 $347.2K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,200 SF

Gross rent

$53.8K $16.80/SF

− Vacancy

−$3.8K −$1.18/SF

EGI

$50.0K $15.62/SF

− OpEx

−$18.7K −$5.86/SF

NOI

$31.2K $9.76/SF

Area

Carbon County, PA

Vacancy

7.00%

Lease Rate

$16.80 /SF/Yr

Expense Ratio

37.50%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$624,960

Cap Rate 7%

$446,400

Cap Rate 9%

$347,200

Alternative Uses

Best Use

Mixed Use

$446.4K

$390.6K – $520.8K (±1% cap)

NOI $31,248 @ 7.0% cap · market cap 5.77%

Second Best

Apartment 5plus

$421.8K

$369.1K – $492.1K (±1% cap)

NOI $29,526 @ 7.0% cap · market cap 5.45%

Theoretical Best

Specialty Retail

$628.7K

$550.1K – $733.4K (±1% cap)

NOI $44,006 @ 7.0% cap · market cap 8.12%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Mixed-use properties

Suggested Use

Top Pick Real Estate Agency Law Firm Pharmacy Grocery & Convenience Store (Bike/Boat/Book/etc) Store Food Market

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4

Residential units

Location Intelligence

Trade Area within ½ mile

198

Businesses Nearby

Explore this area Business Placement

Demographics for 18250, PA

3,046

Population

1,312

Households

2.3

Avg Household Size

43

Median Age

8%

College-Educated

94%

High-School Grad

10.5 sq mi

ZIP Area

290

Density / Sq Mi

$66,685

Median Household Income

$38,981

Median Earnings

$1,172

Median Rent

$99,100

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Renovated apartments accompany a commercial space, off-street parking, and a detached garage.

Where is this mixed-use property located?

The property is located at 26 E Ludlow St Summit Hill, PA.

What is the asking price?

The asking price for this property is $542,000.

What are key features of this property?

This property features: 3,200‑square‑foot mixed‑use property; Four apartments: two 2‑bedroom units and two 1‑bedroom units; Commercial space with possible conversion to a 2‑bedroom apartment, subject to municipal approvals