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    Mixed-Use Income Building with Retail Title is generated by Realmo AI

    28 S Main Street, Bangor, PA 18013

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    For Sale
    $1,100,000

    MULTI_FAMILY - Bangor, PA

    Property size:
    9,221 SF
    Lot size:
    0.06 Acres
    Price / SF:
    $119/SF
    Added:
    Jun 5, 2026
    Days on Market:
    1
    Last Refresh:
    Jun 5 at 7:06 pm

    Property Features for 28 S Main Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    GB
    Bedrooms
    15
    Bathrooms
    5
    Rooms
    Bedroom 7, Bedroom 13, Basement, Bedroom 11, Bedroom 6, Bedroom 3, Bathroom 5, Bedroom 10, Bathroom 1, Bathroom 4, Bedroom 2, Bedroom 12, Bedroom 8, Bathroom 6, Bedroom 9, Bedroom 15, Bedroom 5, Bedroom 1, Bedroom 14, Bathroom 3, Bathroom 2, Bedroom 4
    Window features
    Insulated Windows
    Interior features
    Eat-in Kitchen, Laminate Counters, High Ceilings, Ceiling Fan(s)
    Basement
    Full, Concrete, Unfinished
    Appliances
    Electric Range, Refrigerator
    Standard status
    Active
    APN
    E9NE2D 7 12 0102
    Size
    9,221 SF
    Lot size
    0.06 Acres

    Taxes and HOA fees

    Tax Year
    2026
    Tax Annual Amount
    5818

    Utilities

    Utilities
    Cable Available
    Sewer type
    Public Sewer
    Heating system
    Steam, Natural Gas
    Cooling system
    Ceiling Fan(s)
    Water source
    Public

    Building Details

    Year built
    1907
    Floors in Building
    3
    Number of units
    6
    Flooring type
    Hardwood, Laminate, Vinyl
    Building materials
    Brick, Frame, Steel Frame
    Roof type
    Shingle

    We can help!

    Listing Contact
    James Galligan

    Listing agent James Galligan

    Listing office Keller Williams Real Estate - Stroudsburg 803 Main 803 Main Street, Stroudsburg, PA

    Listing date Jun 5, 2026

    MLS# PM-141940 Listing URL

    Copyright © 2026 Pocono Mountains Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Mixed‑use commercial building in the center of Downtown Bangor with 6 income‑producing units
    • Includes 2 highly visible stone‑front commercial spaces along Main Street plus 4 spacious 3BR apartments above
    • Walk‑up 4th floor offers potential for additional rental units or expanded income
    • Recent updates: new roof (2022) and new natural gas boiler (2025), plus updated electrical systems and newer windows
    • Public utilities: public water and public sewer; cable available
    • Built in 1907 with brick construction and steam + natural gas heating

    Overview

    This mixed-use income building contains 6 rentable units, including 2 highly visible stone-front commercial spaces at street level and 4 spacious 3-bedroom apartments above. A walk-up 4th floor adds flexibility for additional rental potential or expanded space, depending on how the building is configured and permitted. The property has undergone several updates intended to reduce near-term capital needs, including a new roof installed in 2022, a natural gas boiler installed in 2025, updated electrical systems, and newer windows throughout.

    Located in the center of Downtown Bangor at 28 S Main Street, the building is set among local businesses, restaurants, and community events. The street-level commercial component provides direct presence along Main Street, while the upper-floor apartments create on-site residential income.

    For buyers looking for a mixed-use property, this asset offers the combination of street-level retail spaces and multiple apartments within one building. With recent mechanical and building envelope improvements, it may appeal to investors and experienced operators seeking a maintained downtown property with an established unit mix and a built-in opportunity to evaluate the walk-up 4th floor’s future use under applicable requirements. The property is zoned GB.

    Local Financial Insights For Mixed Use

    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 $166.0k $18.00
    − Vacancy −$16.6k −$1.80
    EGI $149.4k $16.20
    − OpEx −$56.0k −$6.07
    NOI $93.4k $10.13
    9,221 SF · lease $18.00/SF/yr · vacancy 10.00% · expense 37.50%

    Alternative Uses

    Best Use
    Mixed Use
    $1.33M
    $1.17M – $1.56M (±1% cap)
    NOI $93,363 @ 7.0% cap · market cap 8.49%
    Second Best
    Retail
    $1.02M
    $892.7K – $1.19M (±1% cap)
    NOI $71,415 @ 7.0% cap · market cap 6.49%
    Theoretical Best
    Office A
    $1.75M
    $1.53M – $2.04M (±1% cap)
    NOI $122,425 @ 7.0% cap · market cap 11.13%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Bangor
    County
    Northampton
    State
    Pennsylvania
    Longitude
    -75.2052886
    Latitude
    40.8674323

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    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use building with two street-level commercial spaces and four 3-bedroom apartments above.
    Where is this mixed-use property located?
    The property is located at 28 S Main Street Bangor, PA.
    What is the asking price?
    The asking price for this property is $1,100,000.
    What are key features of this property?
    This property features: Mixed‑use commercial building in the center of Downtown Bangor with 6 income‑producing units; Includes 2 highly visible stone‑front commercial spaces along Main Street plus 4 spacious 3BR apartments above; Walk‑up 4th floor offers potential for additional rental units or expanded income
    (570) 421-2890
    We can help!
    Listing Contact
    James Galligan
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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