Duplex Property with Commercial
New
For Sale
$289,900
302 E fairview Street, Coopersburg, PA 18036
Residential, Coopersburg Boro, PA
Property Size1,597 SF
Lot Size0.13 Acres
Price / SF$181.53
Days on Market2
Property Features for 302 E fairview Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
Neighborhood Commercial
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Laundry Room, Laundry Room, Bedroom 1, Dining Room, Bathroom 2, Bedroom 2, Basement, Bathroom 1
Parking features
Parking Lot, Garage
Patio and Porch features
Porch
Interior features
EatInKitchen
Exterior features
Porch
Appliances
ElectricOven, ElectricWaterHeater
Subdivision
Not in Development
Lot features
Corner Lot
Elementary school district
Southern Lehigh
Middle school district
Southern Lehigh
High school district
Southern Lehigh
Directions
Corner of Route 309 and Fairview St in Coopersburg
Standard status
Active
APN
642358984239 1
Size
1,597 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Annual Amount
2703
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Baseboard
Cooling system
Window Unit(s)
Water source
Public
Building Details
Year built
1914
Floors in Building
3
Flooring type
Vinyl, Laminate, Resilient, Carpet
Building materials
AluminumSiding, Brick
Roof type
Fiberglass, Asphalt
Architectural style
Colonial
Listing Agency:
Preferred Properties Plus
(610) 282-1333
Listed By:
Jeffrey D. Torchia · License #SB065687
(610) 360-6466
Added: Sep 14
Last Checked: Sep 15 at 2:06PM
MLS# 784492
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 1,597-square-foot Colonial building, constructed in 1914, offers a two-unit layout with one residence on each level or a residential and commercial configuration subject to municipal approval. The interior includes two kitchens, two full bathrooms, bedrooms, dining areas, laundry rooms, and a basement. Replacement windows have been installed throughout, and the property includes a porch, aluminum and brick exterior materials, electric baseboard heat, window-unit cooling, and public water and sewer.
Neighborhood Commercial zoning provides flexibility for residential occupancy or potential first-floor commercial use, with approvals required from Coopersburg Borough. A detached garage and rear parking area provide accommodation for six or more vehicles. The adjacent 306 E Fairview St property, a 4 BR row home with an updated kitchen, may also be purchased with this property.
Neighborhood Commercial zoning provides flexibility for residential occupancy or potential first-floor commercial use, with approvals required from Coopersburg Borough. A detached garage and rear parking area provide accommodation for six or more vehicles. The adjacent 306 E Fairview St property, a 4 BR row home with an updated kitchen, may also be purchased with this property.
Key Highlights
- Neighborhood Commercial zoning with potential residential or first‑floor commercial use, subject to borough approvals
- 1,597 square feet on 0.133 acres
- Two kitchens and two full bathrooms within the building
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
$16,439
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
5.67%
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%
$328,780
$328.8K
Cap Rate 7%
$234,843
$234.8K
Cap Rate 9%
$182,656
$182.7K
Market Conditions
NOI Build-Up for 1,597 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
$28.7K $18.00/SF
− Vacancy
−$2.4K −$1.53/SF
EGI
$26.3K $16.47/SF
− OpEx
−$9.9K −$6.18/SF
NOI
$16.4K $10.29/SF
Area
Lehigh County, PA
Vacancy
8.50%
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%
$328,780
Cap Rate 7%
$234,843
Cap Rate 9%
$182,656
Alternative Uses
Best Use
Mixed Use
$234.8K
$205.5K – $274.0K
NOI $16,439 @ 7.0% cap · market cap 5.67%
Second Best
Multifamily LT 5
$152.6K
$133.5K – $178.0K
NOI $10,682 @ 7.0% cap · market cap 3.68%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
450
Businesses Nearby
Explore this area
Business Placement
Demographics for 18036, PA
14,084
Population
6,099
Households
2.3
Avg Household Size
45
Median Age
45%
College-Educated
95%
High-School Grad
29.2 sq mi
ZIP Area
482
Density / Sq Mi
$124,211
Median Household Income
$61,998
Median Earnings
$1,121
Median Rent
$381,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Neighborhood Commercial zoning supports residential use or potential first-floor commercial use, subject to Coopersburg Borough approvals.
Where is this duplex located?
The property is located at 302 E fairview Street Coopersburg, PA.
What is the asking price?
The asking price for this property is $289,900.
What are key features of this property?
This property features: Neighborhood Commercial zoning with potential residential or first‑floor commercial use, subject to borough approvals; 1,597 square feet on 0.133 acres; Two kitchens and two full bathrooms within the building
