Building Details

Year Built 1900

Listing Agency: Lusk & Associates Sotheby's International Realty s***@yourhomefinders.com Show Phone

Listed By: Ericka Kirkpatrick · License #ab066227 Show Phone

Source: Cummingsrealtors

Added: Oct 27 Changed: Nov 3 Last Checked: Nov 3 at 6:53AM

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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 Lusk & Associates Sotheby's International Realty

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Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$21,928

Cap Rate

4.99%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$438,560 $438.6K

Cap Rate 7%

$313,257 $313.3K

Cap Rate 9%

$243,644 $243.6K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,317 SF

Gross rent

$33.8K $10.20/SF

− Vacancy

−$2.5K −$0.76/SF

EGI

$31.3K $9.44/SF

− OpEx

−$9.4K −$2.83/SF

NOI

$21.9K $6.61/SF

Area

Northampton County, PA

Vacancy

7.41%

Lease Rate

$10.20 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$438,560

Cap Rate 7%

$313,257

Cap Rate 9%

$243,644

Alternative Uses

Best Use

Multifamily LT 5

$313.3K

$274.1K – $365.5K (±1% cap)

NOI $21,928 @ 7.0% cap · market cap 4.99%

Second Best

Apartment 5plus

$288.4K

$252.3K – $336.4K (±1% cap)

NOI $20,185 @ 7.0% cap · market cap 4.60%

Theoretical Best

Office A

$629.1K

$550.5K – $734.0K (±1% cap)

NOI $44,039 @ 7.0% cap · market cap 10.03%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Suggested Use

Top Pick Real Estate Agency Law Firm Electrical Service Storage Facility HVAC Service Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

693

Businesses Nearby

Explore this area Business Placement

Demographics for 18064, PA

27,696

Population

10,659

Households

2.6

Avg Household Size

46

Median Age

38%

College-Educated

94%

High-School Grad

38.5 sq mi

ZIP Area

719

Density / Sq Mi

$102,857

Median Household Income

$58,471

Median Earnings

$1,235

Median Rent

$354,700

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

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Frequently Asked Questions

Where is this duplex located?

The property is located at 310 & 312 S MAIN STREET Nazareth, PA.

What is the asking price?

The asking price for this property is $439,000.