Three-Unit Multifamily
For Sale
$359,900
358 Bridge Street, Lehighton, PA 18235
Income-producing residential property with separate utilities, gas heat, and laundry hookups serving each apartment.
Property Size3,104 SF
Days on Market14
Property Features for 358 Bridge Street
General Information
Standard status
Active
Size
3,104 SF
Property subtype
Apartment
Units
Unit Mix
1 x 3BR, 2 x 2BR
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$4,519
Amenities
separate utilities
gas-efficient heat
washer and dryer hookups
Building Details
Building Size
3,104 SF
Year Built
1920
Listing Agency:
Keller Williams Real Estate
(570) 421-2890
Listed By:
Danette K. Troxell
Source:
Bhhspaulfordrealtors
Added: Jul 22
Changed: Aug 4
Last Checked: Aug 4 at 8:17AM
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 Keller Williams Real Estate
Investment Insights
Based on property information with market context.
This three-unit multifamily property includes one three-bedroom apartment and two two-bedroom apartments. Each residence has separately metered utilities, gas heat, and washer and dryer hookups. The building dates to 1920 and has received several updates, including a partial newer roof, refreshed flooring, and updated fixtures.
Located at 358 Bridge Street in Lehighton Boro, Pennsylvania, the property sits on a large lot and offers a unit mix suitable for continued residential rental use. The separate utilities and individual laundry connections provide practical operating features for the existing apartments.
Located at 358 Bridge Street in Lehighton Boro, Pennsylvania, the property sits on a large lot and offers a unit mix suitable for continued residential rental use. The separate utilities and individual laundry connections provide practical operating features for the existing apartments.
Key Highlights
- Three apartments: one 3‑bedroom unit and two 2‑bedroom units
- Separate utilities for each unit
- Gas‑efficient heat serving the apartments
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 | $50.3k | $16.20 |
| − Vacancy | −$3.8k | −$1.22 |
| EGI | $46.5k | $14.99 |
| − OpEx | −$14.0k | −$4.50 |
| NOI | $32.6k | $10.49 |
3,104 SF · lease $16.20/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$465.1K
$407.0K – $542.7K
NOI $32,559 @ 7.0% cap · market cap 9.05%
Second Best
Apartment 5plus
$409.1K
$358.0K – $477.3K
NOI $28,640 @ 7.0% cap · market cap 7.96%
Theoretical Best
Specialty Retail
$609.8K
$533.6K – $711.4K
NOI $42,686 @ 7.0% cap · market cap 11.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
511
Businesses Nearby
Explore this area
Business Placement
Demographics for 18235, PA
19,139
Population
8,796
Households
2.2
Avg Household Size
47
Median Age
19%
College-Educated
89%
High-School Grad
86.9 sq mi
ZIP Area
220
Density / Sq Mi
$72,626
Median Household Income
$44,418
Median Earnings
$1,003
Median Rent
$218,000
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?
Triplex - Income-producing residential property with separate utilities, gas heat, and laundry hookups serving each apartment.
Where is this triplex located?
The property is located at 358 Bridge Street Lehighton, PA.
What is the asking price?
The asking price for this property is $359,900.
What are key features of this property?
This property features: Three apartments: one 3‑bedroom unit and two 2‑bedroom units; Separate utilities for each unit; Gas‑efficient heat serving the apartments
