Mixed-Use Building With Six
For Sale
$1,050,000
28 S Main Street, Bangor, PA 18013
Commercial Sale, Bangor, PA
Property Size9,221 SF
Lot Size0.06 Acres
Price / SF$113.87
Days on Market92
Property Features for 28 S Main Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C1
Zoning description
Commercial
Rooms
Basement
Basement
Unfinished, Concrete, Full
Lot features
Level, Cleared
Subdivision
Bangor Borough
Standard status
Active
APN
5667-01-8524-4542
Size
9,221 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
Block: 7 /Lot: 12
Tax Annual Amount
5818
Legal Description
Block: 7 /Lot: 12
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Steam, Natural Gas
Cooling system
Attic Fan
Water source
Public
Building Details
Year built
1907
Floors in Building
3
Flooring type
Vinyl, Laminate, Hardwood
Building materials
Brick
Roof type
Shingle
Listing Agency:
Keller Williams Real Estate - Stroudsburg 803 Main · Keller Williams Realty
(570) 213-4888
Listed By:
James Galligan · License #RS228072L
(570) 421-2890
Added: Jun 5
Changed: Sep 2
Last Checked: Sep 4 at 1:06PM
MLS# PM-141941
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.
Investment Insights
Based on property information with market context.
This brick mixed-use building contains 9,221 square feet on a 0.06-acre parcel and dates to 1907. The six-unit layout includes two stone-front commercial spaces along Main Street and four three-bedroom apartments on the upper floors. A walk-up fourth floor offers potential for additional rental units or expanded usable area.
Recent property improvements include a shingle roof installed in 2022, a natural gas boiler added in 2025, updated electrical systems, and newer windows throughout. The building also features hardwood, laminate, and vinyl flooring, steam heat, an attic fan, public water, and public sewer. Located in downtown Bangor, the property is surrounded by local businesses, restaurants, and community events.
Recent property improvements include a shingle roof installed in 2022, a natural gas boiler added in 2025, updated electrical systems, and newer windows throughout. The building also features hardwood, laminate, and vinyl flooring, steam heat, an attic fan, public water, and public sewer. Located in downtown Bangor, the property is surrounded by local businesses, restaurants, and community events.
Key Highlights
- Six‑unit mixed‑use building with 2 commercial spaces and 4 three‑bedroom apartments
- 9,221 square feet on a 0.06‑acre parcel
- Two stone‑front commercial spaces front Main Street
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
$93,363
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
8.89%
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%
$1,867,260
$1.9M
Cap Rate 7%
$1,333,757
$1.3M
Cap Rate 9%
$1,037,367
$1.0M
Market Conditions
NOI Build-Up for 9,221 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
$166.0K $18.00/SF
− Vacancy
−$16.6K −$1.80/SF
EGI
$149.4K $16.20/SF
− OpEx
−$56.0K −$6.07/SF
NOI
$93.4K $10.13/SF
Area
Northampton County, PA
Vacancy
10.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
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%
$1,867,260
Cap Rate 7%
$1,333,757
Cap Rate 9%
$1,037,367
Alternative Uses
Best Use
Mixed Use
$1.33M
$1.17M – $1.56M
NOI $93,363 @ 7.0% cap · market cap 8.89%
Second Best
Retail
$1.02M
$892.7K – $1.19M
NOI $71,415 @ 7.0% cap · market cap 6.80%
Theoretical Best
Office A
$1.75M
$1.53M – $2.04M
NOI $122,425 @ 7.0% cap · market cap 11.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
327
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two Main Street commercial spaces complement four three-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 $1,050,000.
What are key features of this property?
This property features: Six‑unit mixed‑use building with 2 commercial spaces and 4 three‑bedroom apartments; 9,221 square feet on a 0.06‑acre parcel; Two stone‑front commercial spaces front Main Street
