Updated Detached
For Sale
$279,000
313 Main St, Slatington, PA 18080
Two updated units feature separate utilities, off-street parking, and renovated kitchens with granite countertops.
Property Size2,503 SF
Price / SF$111.47
Days on Market85
Property Features for 313 Main St
General Information
Standard status
Active
Size
2,503 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Building Details
Year Built
1870
Buildings
1
Listing Agency:
IronValley RE of Lehigh Valley
Listed By:
Rick Matos
(484) 515-8705
Source:
Jennysoldmine
Added: Aug 7
Changed: Oct 26
Last Checked: Oct 28 at 12:52PM
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 IronValley RE of Lehigh Valley
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Investment Insights
Based on property information with market context.
This detached duplex contains two separately metered residences totaling 2,503 square feet. Unit 1 offers four bedrooms, an eat-in kitchen, a full bathroom, a laundry room with washer and dryer, a foyer, and gas forced-air heat. Unit 2 includes four bedrooms plus a loft on the finished third floor, an enclosed front porch entry, an eat-in kitchen, a full bathroom, and electric baseboard heat. Both apartments have updated paint, flooring, cabinetry, granite countertops, and newer appliances.
The property includes off-street tenant parking, newer vinyl siding, and recently replaced hot water heaters. Electric, heating, and water/sewer services are separately metered, including individual water meters that allow residents to pay their own water bills. Located at 313 Main St in Slatington, PA, the duplex has a stated cap rate exceeding 9%.
The property includes off-street tenant parking, newer vinyl siding, and recently replaced hot water heaters. Electric, heating, and water/sewer services are separately metered, including individual water meters that allow residents to pay their own water bills. Located at 313 Main St in Slatington, PA, the duplex has a stated cap rate exceeding 9%.
Key Highlights
- Detached duplex totaling 2,503 square feet
- Unit 1 includes 4 bedrooms, dedicated laundry, and gas forced‑air heat
- Unit 2 offers 4 bedrooms plus a loft on the finished third floor
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,742
Cap Rate
6.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$334,840
$334.8K
Cap Rate 7%
$239,171
$239.2K
Cap Rate 9%
$186,022
$186.0K
Market Conditions
NOI Build-Up for 2,503 SF
Gross rent
$25.8K $10.32/SF
− Vacancy
−$1.9K −$0.76/SF
EGI
$23.9K $9.56/SF
− OpEx
−$7.2K −$2.87/SF
NOI
$16.7K $6.69/SF
Area
Lehigh County, PA
Vacancy
7.41%
Lease Rate
$10.32 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$334,840
Cap Rate 7%
$239,171
Cap Rate 9%
$186,022
Alternative Uses
Best Use
Multifamily LT 5
$239.2K
$209.3K – $279.0K
NOI $16,742 @ 7.0% cap · market cap 6.00%
Second Best
Apartment 5plus
$208.9K
$182.8K – $243.7K
NOI $14,622 @ 7.0% cap · market cap 5.24%
Theoretical Best
Mixed Use
$368.1K
$322.1K – $429.4K
NOI $25,765 @ 7.0% cap · market cap 9.23%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
316
Businesses Nearby
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Business Placement
Demographics for 18080, PA
11,454
Population
4,947
Households
2.3
Avg Household Size
45
Median Age
20%
College-Educated
91%
High-School Grad
30.2 sq mi
ZIP Area
379
Density / Sq Mi
$73,947
Median Household Income
$47,723
Median Earnings
$808
Median Rent
$254,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two updated units feature separate utilities, off-street parking, and renovated kitchens with granite countertops.
Where is this duplex located?
The property is located at 313 Main St Slatington, PA.
What is the asking price?
The asking price for this property is $279,000.
What are key features of this property?
This property features: Detached duplex totaling 2,503 square feet; Unit 1 includes 4 bedrooms, dedicated laundry, and gas forced‑air heat; Unit 2 offers 4 bedrooms plus a loft on the finished third floor
