Updated Two-Unit Residential Income
313 Main Street Slatington, PA 18080
New
313 Main Street, Slatington, PA, 18080
$289,000
For Sale
$289,000
MULTI_FAMILY - Slatington Boro, PA
Property Size2,503 SF
Lot Size0.17 Acres
Price / SF$115.46
Days on Market1
Property Features for 313 Main Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Apartment
- Zoning
- TR
- Bedrooms
- 8
- Bathrooms
- 2
- Rooms
- Bedroom 7, Bathroom 2, Bedroom 5, Bedroom 6, Bedroom 8, Bedroom 3, Bedroom 4, Bathroom 1, Bedroom 1, Bedroom 2
- Parking
- 6
- Parking features
- Parking Lot, Off Street, Driveway
- Standard status
- Active
- APN
- 556214702921-1
- Size
- 2,503 SF
- Lot size
- 0.17 Acres
Taxes and HOA fees
- Tax Annual Amount
- 4744
Utilities
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating), Natural Gas, Forced Air
- Cooling system
- Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1870
- Floors in Building
- 2
- Number of units
- 2
- Building materials
- VinylSiding
Listing Agency
IronValley RE of Lehigh Valley
(610) 766-7200
1146 S Cedar Crest Blvd St 302, Allentown, PA
Listed by
Rick Matos
(484) 241-1011
Added: Jul 16 Checked: Jul 16 at 6:06 pm
MLS# 780809
Listing URL
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 well-maintained detached two-unit residential income property features updated interiors in both units and separate utilities. Unit 1 includes an entrance foyer, four bedrooms, a large living room, an eat-in kitchen, an oversized full bathroom, a dedicated laundry room with washer and dryer, and gas forced-air heat. Unit 2 offers an enclosed front porch entrance, a bright living room, a modern eat-in kitchen, a large full bathroom, two bedrooms on the second floor, two additional bedrooms plus a versatile loft area on the finished third floor, and electric baseboard heat.
The property includes off-street parking for tenants, newer vinyl siding, and two recently replaced hot water heaters. Both units have separate electric, heat, and water/sewer utilities, including separate water meters that allow tenants to pay their own water bills.
Set on a small lot, the building is positioned for straightforward, tenant-specific utility billing supported by separate meters across both units.
The property includes off-street parking for tenants, newer vinyl siding, and two recently replaced hot water heaters. Both units have separate electric, heat, and water/sewer utilities, including separate water meters that allow tenants to pay their own water bills.
Set on a small lot, the building is positioned for straightforward, tenant-specific utility billing supported by separate meters across both units.
Key Highlights
- Detached 2‑unit property with reported cap rate over 9% for income‑producing rental use
- Both units updated: fresh paint and new flooring, plus renovated kitchens with granite countertops, new cabinetry, and newer appliances
- Separate utilities and separate water meters—tenants pay their own water bills to help maximize net operating income
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $25.8k | $10.32 |
| − Vacancy | −$1.9k | −$0.76 |
| EGI | $23.9k | $9.56 |
| − OpEx | −$7.2k | −$2.87 |
| NOI | $16.7k | $6.69 |
2,503 SF · lease $10.32/SF/yr · vacancy 7.41% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$239.2K
$209.3K – $279.0K
NOI $16,742 @ 7.0% cap · market cap 5.79%
Second Best
Apartment 5plus
$208.9K
$182.8K – $243.7K
NOI $14,622 @ 7.0% cap · market cap 5.06%
Theoretical Best
Mixed Use
$368.1K
$322.1K – $429.4K
NOI $25,765 @ 7.0% cap · market cap 8.92%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Detached two-unit property with updated interiors, separate utilities, and off-street parking.
Where is this duplex located?
The property is located at 313 Main Street Slatington, PA.
What is the asking price?
The asking price for this property is $289,000.
What are key features of this property?
This property features: Detached 2‑unit property with reported cap rate over 9% for income‑producing rental use; Both units updated: fresh paint and new flooring, plus renovated kitchens with granite countertops, new cabinetry, and newer appliances; Separate utilities and separate water meters—tenants pay their own water bills to help maximize net operating income
