Charming Lehighton Multifamily Investment
337 N 5TH Street, Lehighton, PA 18235
New
MULTI_FAMILY - Other - LEHIGHTON, PA
Property size:
1,912 SFLot size:
0.28 AcresPrice / SF:
$130/SF- Added:
- May 22, 2026
- Days on Market:
- 2
- Last Refresh:
- May 23 at 3:06 pm
Property Features for 337 N 5TH Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking
- 5
- Parking features
- Garage - Detached, On Street, Off Street
- Interior features
- Kitchen - Eat-In, Wood Floors
- Standard status
- Active
- Size
- 1,912 SF
- Lot size
- 0.28 Acres
Taxes and HOA fees
- Tax Annual Amount
- 4247
Utilities
- Heating system
- Hot Water(Heating)
- Cooling system
- Ceiling Fan(s)
Building Details
- Year built
- 1920
- Number of units
- 3
- Building materials
- Brick
- Architectural style
- Other
Listing agent Brenda Onyskiw License #RS272444 (610) 504-2378
Listing office Iron Valley Real Estate of Lehigh Valley 1146 S Cedar Crest Boulevard unit: 302, Allentown, PA (610) 766-7200
Listing date May 22, 2026
MLS# PACC2007660
Listing URL
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Two residential units offer income potential and flexibility.
- Tenants pay all utilities, which are separately metered, reducing landlord expenses.
- Detached two‑car garage and additional off‑street parking provide ample parking.
- Refinished hardwood floors (2020) and newer windows enhance the property's appeal.
- Large 0.28‑acre lot with mature trees and flowering shrubs creates a desirable outdoor space.
- Conveniently located near major routes (PA Turnpike; RT 209; RT 443 & RT 248).
Overview
Located in Lehighton, this converted property offers an investment opportunity with classic charm and modern potential. The property features a brick exterior, a stone foundation, and includes two residential units with approximately 1,912 square feet of living space, plus a detached two-car garage. Both units are rented on a month-to-month basis. The property is situated on a 0.28-acre lot with mature trees and flowering shrubs, along with a storage shed. The first-floor unit includes one bedroom, a full bathroom, living room, kitchen, and an office that could serve as a second bedroom. The second-floor unit features a kitchen, living room, full bathroom, two bedrooms, and an attic space that could be utilized as a third bedroom. Hardwood floors are present throughout, with the second-floor hardwood floors refinished in 2020. Newer windows have been installed throughout both units and the basement. The basement provides a shared laundry area with separate washer and dryer hookups for each unit. Tenants are responsible for all utilities, including gas, electric, water, and sewer, with all services separately metered. Off-street parking is available for two cars, in addition to the two-car garage. The property is located close to the PA Turnpike, RT 209, RT 443, and RT 248.
Financial Insights
Value Estimation Calculated for Multifamily LT 5
Conservative
$222.8K
NOI $20,056 @ 9.00% cap · cautious / downside scenario
Moderate
$286.5K
NOI $20,056 @ 7.00% cap · market / base-case scenario
Aggressive
$401.1K
NOI $20,056 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Multifamily LT 5
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $31.0k | $16.20 |
| − Vacancy | −$2.3k | −$1.22 |
| EGI | $28.7k | $14.99 |
| − OpEx | −$8.6k | −$4.50 |
| NOI | $20.1k | $10.49 |
1,912 SF · lease $16.20/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Use Scenarios
Best Use
Multifamily LT 5
$286.5K
$250.7K – $334.3K
NOI $20,056 @ 7.0% cap · market cap 8.02%
Second Best
Apartment 5plus
$252.0K
$220.5K – $294.0K
NOI $17,642 @ 7.0% cap · market cap 7.06%
Theoretical Best
Specialty Retail
$375.6K
$328.7K – $438.2K
NOI $26,294 @ 7.0% cap · market cap 10.52%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Lehighton
- County
- Carbon
- State
- Pennsylvania
- Longitude
- -75.715454
- Latitude
- 40.83745
Nearby Similar for Sale
FAQs
What type of property is this?
Multifamily property - Converted multifamily property with two units and detached two-car garage.
Where is this multifamily property located?
The property is located at 337 N 5TH Street Lehighton, PA.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Two residential units offer income potential and flexibility.; Tenants pay all utilities, which are separately metered, reducing landlord expenses.; Detached two‑car garage and additional off‑street parking provide ample parking.
