Fully Renovated Five-Unit Apartment
For Sale
$600,000
265 267 E Bertsch Street, Lansford, PA 18232
ResidentialIncome, Lansford, PA
Property Size5,600 SF
Lot Size0.07 Acres
Price / SF$107.14
Days on Market49
Property Features for 265 267 E Bertsch Street
General Information
Property type
Residential Multi Family
Property subtype
Apartment
Zoning
MC
Bedrooms
10
Bathrooms
6
Full bathrooms
5
Half bathrooms
1
Rooms
Bathroom 4, Bedroom 8, Bathroom 6, Bedroom 3, Bedroom 6, Bedroom 2, Bedroom 10, Bedroom 5, Bathroom 5, Bedroom 9, Bedroom 4, Bedroom 1, Bathroom 2, Bathroom 1, Bathroom 3, Bedroom 7
Parking
8
Subdivision
No Subdivision
Elementary school district
Panther Valley
Middle school district
Panther Valley
High school district
Panther Valley
Directions
Merge onto US-209 S toward Lehighton / Jim Thorpe. Continue toward Nesquehoning / Lansford. Follow signs into Lansford and turn onto E Bertsch St. The address appears as 265 E Bertsch St, Lansford
Standard status
Active
APN
122A3-22-T31
Size
5,600 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Annual Amount
3021
Utilities
Sewer type
Public Sewer
Heating system
Oil, Electric (Heating), Baseboard
Cooling system
Wall Unit(s)
Water source
Public
Building Details
Year built
1928
Floors in Building
3
Number of units
5
Flooring type
Hardwood
Building materials
Frame, Stone, VinylSiding
Listing Agency:
Steel City Realty
(484) 895-9005
Listed By:
Joshua Schoenberger
(484) 895-9005
Added: Jul 12
Changed: Aug 19
Last Checked: Aug 29 at 5:06PM
MLS# 780378
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 fully renovated five-unit apartment building offers a diversified residential layout and substantial interior and exterior upgrades. Built in 1928, the property totals 5,600 square feet on a 0.069-acre corner lot. Exterior materials include frame construction with stone and vinyl siding, and hardwood flooring is noted throughout. Heating is provided via baseboard with oil and electric (heating), with wall unit(s) cooling.
The unit mix includes two 3-bedroom apartments, one 2-bedroom with 1.5 baths, and two 1-bedroom units. The building has public water and public sewer. The recent renovation includes interior painting, drywall repairs, updated kitchens and bathrooms, new lighting and electrical fixtures, plumbing repairs (including replacement of a section of the main sewer stack), new and select replacement exterior/interior doors, replacement windows, and roof repairs, along with pressure washing and exterior enhancements.
A projected near-10% cap rate is cited based on gross income and NOI figures provided for the offering. The property is zoned MC.
The unit mix includes two 3-bedroom apartments, one 2-bedroom with 1.5 baths, and two 1-bedroom units. The building has public water and public sewer. The recent renovation includes interior painting, drywall repairs, updated kitchens and bathrooms, new lighting and electrical fixtures, plumbing repairs (including replacement of a section of the main sewer stack), new and select replacement exterior/interior doors, replacement windows, and roof repairs, along with pressure washing and exterior enhancements.
A projected near-10% cap rate is cited based on gross income and NOI figures provided for the offering. The property is zoned MC.
Key Highlights
- Fully renovated five‑unit apartment building on a corner lot
- 5,600 square feet on 0.069 acres, zoned MC
- Unit mix: two 3‑bedroom units, one 2‑bedroom 1.5‑bath, two 1‑bedroom units
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
$51,670
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
8.61%
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%
$1,033,400
$1.0M
Cap Rate 7%
$738,143
$738.1K
Cap Rate 9%
$574,111
$574.1K
Market Conditions
NOI Build-Up for 5,600 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
$100.8K $18.00/SF
− Vacancy
−$6.9K −$1.22/SF
EGI
$93.9K $16.78/SF
− OpEx
−$42.3K −$7.55/SF
NOI
$51.7K $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%
$1,033,400
Cap Rate 7%
$738,143
Cap Rate 9%
$574,111
Alternative Uses
Best Use
Apartment 5plus
$738.1K
$645.9K – $861.2K
NOI $51,670 @ 7.0% cap · market cap 8.61%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.10M
$962.6K – $1.28M
NOI $77,011 @ 7.0% cap · market cap 12.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
5
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
304
Businesses Nearby
Explore this area
Business Placement
Demographics for 18232, PA
4,222
Population
2,129
Households
2
Avg Household Size
38
Median Age
12%
College-Educated
81%
High-School Grad
2.1 sq mi
ZIP Area
2,010
Density / Sq Mi
$44,078
Median Household Income
$34,802
Median Earnings
$963
Median Rent
$48,700
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Fully renovated five-unit apartment building on a corner lot with public water and public sewer.
Where is this apartment building located?
The property is located at 265 267 E Bertsch Street Lansford, PA.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: Fully renovated five‑unit apartment building on a corner lot; 5,600 square feet on 0.069 acres, zoned MC; Unit mix: two 3‑bedroom units, one 2‑bedroom 1.5‑bath, two 1‑bedroom units
