Two-Home Multifamily
For Sale
$499,900
28 1st St, Bangor, PA 18013
Two residences share one lot with a detached garage, auxiliary suite, and public utilities.
Property Size4,907 SF
Price / SF$101.87
Days on Market61
Property Features for 28 1st St
General Information
Standard status
Active
Size
4,907 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Additional Details
Utilities to Site
Yes
Multifamily Units
3
Building Details
Year Built
1890
Buildings
2
Construction
Victorian
Listing Agency:
Coldwell Banker Hearthside
Listed By:
Michelle L. Rowe · License #RS296195
(610) 936-9953
Source:
Jennysoldmine
Added: Aug 17
Changed: Oct 4
Last Checked: Oct 7 at 2:39PM
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 Coldwell Banker Hearthside
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This multifamily property combines two residences on one lot with a 2-car detached garage and an auxiliary suite. The 4,907-square-foot offering includes a 3,507-square-foot front home with 14 rooms, a wrap-around covered porch, screened-in area, formal living and dining rooms, office, modern kitchen, laundry room, and first-floor full bathroom. Five bedrooms, a full bath, and substantial closet space occupy the second floor. The third floor is configured as a separate suite with its own entrance, open living area, kitchen counter seating, bedroom, and full bath.
The second home measures 1,400 sq ft and contains 3 bedrooms, a kitchen, dining room, living room, full bath, and half bath. Both residences have natural gas and public utilities. Built in 1890, the property is located in downtown Bangor near restaurants, cafes, specialty shops, a brewery, and outdoor venues.
The second home measures 1,400 sq ft and contains 3 bedrooms, a kitchen, dining room, living room, full bath, and half bath. Both residences have natural gas and public utilities. Built in 1890, the property is located in downtown Bangor near restaurants, cafes, specialty shops, a brewery, and outdoor venues.
Key Highlights
- Two residences on one lot with a 2‑car detached garage
- 4,907‑square‑foot multifamily property built in 1890
- Front home measures 3,507 square feet and includes 5 bedrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,860
Cap Rate
5.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$597,200
$597.2K
Cap Rate 7%
$426,571
$426.6K
Cap Rate 9%
$331,778
$331.8K
Market Conditions
NOI Build-Up for 4,907 SF
Gross rent
$58.9K $12.00/SF
− Vacancy
−$4.6K −$0.94/SF
EGI
$54.3K $11.06/SF
− OpEx
−$24.4K −$4.98/SF
NOI
$29.9K $6.09/SF
Area
Northampton County, PA
Vacancy
7.80%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$597,200
Cap Rate 7%
$426,571
Cap Rate 9%
$331,778
Alternative Uses
Best Use
Apartment 5plus
$426.6K
$373.3K – $497.7K
NOI $29,860 @ 7.0% cap · market cap 5.97%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$930.7K
$814.4K – $1.09M
NOI $65,149 @ 7.0% cap · market cap 13.03%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
3
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
417
Businesses Nearby
Explore this area
Business Placement
Demographics for 18013, PA
17,436
Population
7,401
Households
2.4
Avg Household Size
44
Median Age
24%
College-Educated
89%
High-School Grad
63.0 sq mi
ZIP Area
277
Density / Sq Mi
$76,116
Median Household Income
$37,107
Median Earnings
$1,088
Median Rent
$245,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Multifamily property - Two residences share one lot with a detached garage, auxiliary suite, and public utilities.
Where is this multifamily property located?
The property is located at 28 1st St Bangor, PA.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: Two residences on one lot with a 2‑car detached garage; 4,907‑square‑foot multifamily property built in 1890; Front home measures 3,507 square feet and includes 5 bedrooms
