Detached Duplex with Updated
For Sale
$279,000
313 Main Street, Slatington, PA 18080
ResidentialIncome, Slatington Boro, PA
Property Size2,503 SF
Lot Size0.17 Acres
Price / SF$111.47
Days on Market45
Property Features for 313 Main Street
General Information
Property type
Residential Multi Family
Property subtype
Apartment
Zoning
TR
Bedrooms
8
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 8, Bedroom 1, Bedroom 5, Bedroom 7, Bathroom 2, Bedroom 4, Bedroom 3, Bedroom 2, Bedroom 6, Bathroom 1
Parking
6
Parking features
Parking Lot, Driveway, Off Street
Subdivision
Not in Development
Elementary school district
Northern Lehigh
Middle school district
Northern Lehigh
High school district
Northern Lehigh
Directions
PA-309 N, continue straight onto PA-873 N and follow in to Slatington, property is on the right before Center St
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), Forced Air, Natural Gas
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
Listed By:
Rick Matos
(484) 515-8705
Added: Jul 16
Changed: Aug 25
Last Checked: Aug 29 at 5:06AM
MLS# 780809
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 detached duplex at 313 Main Street contains 2,503 square feet and was built in 1870. Both residences feature refreshed interiors, renovated eat-in kitchens with granite counters, newer cabinetry and appliances, plus full bathrooms. The first unit includes 4 bedrooms, a foyer, living room, laundry room, and gas forced-air heat. The second offers 4 bedrooms, a loft on the finished third floor, an enclosed front porch entry, and electric baseboard heat. Window-unit cooling is also present.
The property sits on 0.169 acres in Slatington Boro and has newer vinyl siding, recently replaced hot water heaters, public water, and public sewer. Separate electric, heating, and water/sewer utilities support independent tenant billing, including separate water meters. Parking is provided through a parking lot, driveway, and additional off-street spaces. Zoning is TR, and the stated cap rate exceeds 9%.
The property sits on 0.169 acres in Slatington Boro and has newer vinyl siding, recently replaced hot water heaters, public water, and public sewer. Separate electric, heating, and water/sewer utilities support independent tenant billing, including separate water meters. Parking is provided through a parking lot, driveway, and additional off-street spaces. Zoning is TR, and the stated cap rate exceeds 9%.
Key Highlights
- 2,503‑square‑foot detached duplex on 0.169 acres
- Two residences with 4 bedrooms each and updated kitchens
- Separate electric, heat, and water/sewer utilities with individual water meters
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
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
316
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit property with separate utilities, tenant-paid water meters, and off-street parking in Slatington Boro.
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 $279,000.
What are key features of this property?
This property features: 2,503‑square‑foot detached duplex on 0.169 acres; Two residences with 4 bedrooms each and updated kitchens; Separate electric, heat, and water/sewer utilities with individual water meters
