3-Unit Residential
For Sale
$389,900
315 2nd Street, Catasauqua, PA 18032
ResidentialIncome, Catasauqua Boro, PA
Property Size3,058 SF
Lot Size0.10 Acres
Price / SF$127.50
Days on Market13
Property Features for 315 2nd Street
General Information
Property type
Residential Multi Family
Property subtype
Apartment
Zoning
R3
Bedrooms
6
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 3, Bedroom 5, Bathroom 1, Bedroom 1, Bedroom 2, Bedroom 6, Bathroom 3, Bedroom 4, Bathroom 2
Parking
2
Subdivision
Not in Development
Elementary school district
Catasauqua
Middle school district
Catasauqua
High school district
Catasauqua
Directions
Driving Directions from US-22: US-22 at Fullerton Avenue. Head north on Fullerton Avenue toward Catasauqua. Turn right onto Pine Street. Turn right onto 2nd Street. Proceed to 315 2nd Street
Standard status
Active
APN
640808883032-1
Size
3,058 SF
Lot size
0.10 Acres
Taxes and HOA fees
Tax Annual Amount
7143
Utilities
Sewer type
Public Sewer
Heating system
Oil, Baseboard
Cooling system
Window Unit(s)
Water source
Public
Building Details
Year built
1880
Floors in Building
2
Number of units
3
Building materials
Frame, VinylSiding
Listing Agency:
Iron Valley R E of Berks
(484) 450-8771
Listed By:
Christopher J. Posch · License #RS381247
(484) 635-0798
Added: Sep 23
Changed: Sep 28
Last Checked: Oct 5 at 8:06PM
MLS# 785073
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 3-unit residential property contains 3,058 square feet on a 0.097-acre parcel. The apartment mix includes one 1-bedroom unit, one 2-bedroom unit, and one 3-bedroom unit. Built in 1880, the property is zoned R3 and has frame construction with vinyl siding. Recent property work includes new vinyl siding, a newer roof, and updated water heaters.
Each apartment has separate utilities, which are paid by tenants. All three units are occupied under month-to-month leases. Public water and public sewer serve the property, with baseboard oil heat and window-unit cooling.
Each apartment has separate utilities, which are paid by tenants. All three units are occupied under month-to-month leases. Public water and public sewer serve the property, with baseboard oil heat and window-unit cooling.
Key Highlights
- Three apartments: one 1‑bedroom, one 2‑bedroom, and one 3‑bedroom
- 3,058 square feet on a 0.097‑acre parcel
- R3 zoning; built in 1880
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,454
Cap Rate
5.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$409,080
$409.1K
Cap Rate 7%
$292,200
$292.2K
Cap Rate 9%
$227,267
$227.3K
Market Conditions
NOI Build-Up for 3,058 SF
Gross rent
$31.6K $10.32/SF
− Vacancy
−$2.3K −$0.76/SF
EGI
$29.2K $9.56/SF
− OpEx
−$8.8K −$2.87/SF
NOI
$20.5K $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%
$409,080
Cap Rate 7%
$292,200
Cap Rate 9%
$227,267
Alternative Uses
Best Use
Multifamily LT 5
$292.2K
$255.7K – $340.9K
NOI $20,454 @ 7.0% cap · market cap 5.25%
Second Best
Apartment 5plus
$255.2K
$223.3K – $297.7K
NOI $17,864 @ 7.0% cap · market cap 4.58%
Theoretical Best
Mixed Use
$449.7K
$393.5K – $524.6K
NOI $31,478 @ 7.0% cap · market cap 8.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
518
Businesses Nearby
Explore this area
Business Placement
Demographics for 18032, PA
9,489
Population
4,142
Households
2.3
Avg Household Size
40
Median Age
30%
College-Educated
94%
High-School Grad
2.0 sq mi
ZIP Area
4,745
Density / Sq Mi
$79,700
Median Household Income
$47,066
Median Earnings
$1,078
Median Rent
$213,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Separate tenant-paid utilities serve three apartments with a mix of bedroom configurations.
Where is this triplex located?
The property is located at 315 2nd Street Catasauqua, PA.
What is the asking price?
The asking price for this property is $389,900.
What are key features of this property?
This property features: Three apartments: one 1‑bedroom, one 2‑bedroom, and one 3‑bedroom; 3,058 square feet on a 0.097‑acre parcel; R3 zoning; built in 1880
