Building Details

Year Built 1880

Buildings 1

Listing Agency: BHHS Fox & Roach - Center Valley

Listed By: Rebecca L Francis · License #AB068880 Show Phone

Source: Coremarylandhomes

Added: Oct 14 Changed: Oct 31 Last Checked: Oct 31 at 2:14PM

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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 BHHS Fox & Roach - Center Valley

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Investment Insights

Based on property information with market context.

This two-unit duplex contains 8 bedrooms and 3.5 bathrooms, arranged as one 4-bedroom, 2-bath unit and one 4-bedroom, 1.5-bath unit. Improvements include updated kitchens and bathrooms, refreshed flooring and paint, mini-split systems on each floor, and Andersen windows throughout. Each residence has its own laundry area and utility meters. The property is offered as-is, with some finishing work remaining. Built in 1880, it also includes a level yard and substantial parking.

The property is in Center Valley, with DeSales University nearby and access to Lehigh University described as convenient. It is located in Upper Saucon Township.

Key Highlights

• Two units with a combined 8 bedrooms and 3.5 bathrooms
• Unit layouts are 4 bedrooms and 2 bathrooms, and 4 bedrooms and 1.5 bathrooms
• Mini‑split systems installed on each floor; Andersen windows throughout both units

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$23,009

Cap Rate

3.29%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$460,180 $460.2K

Cap Rate 7%

$328,700 $328.7K

Cap Rate 9%

$255,656 $255.7K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,440 SF

Gross rent

$35.5K $10.32/SF

− Vacancy

−$2.6K −$0.76/SF

EGI

$32.9K $9.56/SF

− OpEx

−$9.9K −$2.87/SF

NOI

$23.0K $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%

$460,180

Cap Rate 7%

$328,700

Cap Rate 9%

$255,656

Alternative Uses

Best Use

Multifamily LT 5

$328.7K

$287.6K – $383.5K (±1% cap)

NOI $23,009 @ 7.0% cap · market cap 3.29%

Second Best

Apartment 5plus

$287.1K

$251.2K – $334.9K (±1% cap)

NOI $20,096 @ 7.0% cap · market cap 2.87%

Theoretical Best

Mixed Use

$505.9K

$442.6K – $590.2K (±1% cap)

NOI $35,411 @ 7.0% cap · market cap 5.07%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Lease Details

2

Residential units

Location Intelligence

Trade Area within ½ mile

128

Businesses Nearby

Explore this area Business Placement

Demographics for 18034, PA

9,271

Population

3,189

Households

2.9

Avg Household Size

41

Median Age

54%

College-Educated

98%

High-School Grad

11.0 sq mi

ZIP Area

843

Density / Sq Mi

$134,137

Median Household Income

$57,938

Median Earnings

$1,399

Median Rent

$398,300

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

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Frequently Asked Questions

What type of property is this?

Duplex - Separate utility meters serve each residence, with laundry facilities inside both units.

Where is this duplex located?

The property is located at 3623 STATION AVENUE Center Valley, PA.

What is the asking price?

The asking price for this property is $699,000.

What are key features of this property?

This property features: Two units with a combined 8 bedrooms and 3.5 bathrooms; Unit layouts are 4 bedrooms and 2 bathrooms, and 4 bedrooms and 1.5 bathrooms; Mini‑split systems installed on each floor; Andersen windows throughout both units