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 Market26
Property Features for 313 Main St
General Information
Standard status
Active
Size
2,503 SF
Property subtype
Residential Income
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$4,744
Building Details
Buildings
1
Listing Agency:
IronValley RE of Lehigh Valley
(484) 515-8705
Listed By:
Rick Matos
(484) 515-8705
Source:
Exprealty
Added: Jul 16
Changed: Aug 8
Last Checked: Aug 9 at 10:46AM
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
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 = 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
$16,742
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
6.00%
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%
$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
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
$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 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%
$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.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
292
Businesses Nearby
Explore this area
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
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 - 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
