Renovated Five-Unit Apartment
For Sale
$600,000
265 E Bertsch St, Lansford, PA 18232
Fully renovated multifamily property with varied layouts, updated interiors, and public water and sewer service.
Property Size5,600 SF
Price / SF$107.14
Days on Market32
Property Features for 265 E Bertsch St
General Information
Standard status
Active
Size
5,600 SF
Property subtype
Residential Income
Net Operating Income
$59,831
Financials
Asking Price
$600,000
Cap Rate
9.97%
Gross Income
$75,300
Units
Unit Mix
2 x 3BR, 1 x 2BR/1.5BA, 2 x 1BR
Multifamily Units
5
Additional Details
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$3,021
Listing Agency:
Steel City Realty
(484) 895-9005
Listed By:
Joshua Schoenberger
(484) 895-9005
Source:
Exprealty
Added: Jul 12
Changed: Aug 12
Last Checked: Aug 12 at 4:25AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Steel City Realty
Investment Insights
Based on property information with market context.
This 5-unit apartment building contains 5,600 square feet and offers a diversified mix of two 3-bedroom apartments, one 2-bedroom/1.5-bath apartment, and two 1-bedroom apartments. Recent improvements include luxury vinyl plank flooring, new lighting and electrical fixtures, repaired drywall, updated kitchens and bathrooms, replacement windows, new exterior entry doors, plumbing work, roof repairs, and exterior maintenance. Hardwood floors, wood trim, bay windows, exposed brick, and generously sized rooms retain the building’s original character. Appliances are included, and two units were leased after the renovation was completed.
The property occupies a corner lot at 265 E Bertsch St in Lansford, PA, with a prominent residential presence from the street. Public water and sewer serve the building. Two kitchens were fully remodeled, two more were refreshed, four bathrooms were refurbished, and one bathroom received a complete remodel, providing a broad range of updated interior finishes across the unit mix.
The property occupies a corner lot at 265 E Bertsch St in Lansford, PA, with a prominent residential presence from the street. Public water and sewer serve the building. Two kitchens were fully remodeled, two more were refreshed, four bathrooms were refurbished, and one bathroom received a complete remodel, providing a broad range of updated interior finishes across the unit mix.
Key Highlights
- 5‑unit apartment building with 5,600 square feet
- Unit mix includes two 3‑bedroom, one 2‑bedroom/1.5‑bath, and two 1‑bedroom apartments
- Extensive renovation includes kitchens, bathrooms, flooring, windows, fixtures, plumbing, and roof repairs
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
308
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 multifamily property with varied layouts, updated interiors, and public water and sewer service.
Where is this apartment building located?
The property is located at 265 E Bertsch St 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: 5‑unit apartment building with 5,600 square feet; Unit mix includes two 3‑bedroom, one 2‑bedroom/1.5‑bath, and two 1‑bedroom apartments; Extensive renovation includes kitchens, bathrooms, flooring, windows, fixtures, plumbing, and roof repairs
