Four-Unit Apartment Building with
For Sale
$519,000
364 S 1st St, Bangor, PA 18013
Fully leased property offers in-unit laundry and outdoor areas for residents.
Property Size3,668 SF
Price / SF$141.49
Days on Market57
Property Features for 364 S 1st St
General Information
Standard status
Active
Size
3,668 SF
Property subtype
Multi-Family
Occupancy
100%
Units
Unit Mix
4 x 1BR/1BA
Multifamily Units
4
Amenities
in-unit washer/dryers
private decks
covered outdoor space
two entrances
Building Details
Year Built
1920
Listing Agency:
IronValley RE of Lehigh Valley
Listed By:
John C. Walton
(484) 241-1011
Source:
Jennysoldmine
Added: Aug 21
Changed: Oct 12
Last Checked: Oct 7 at 2:36PM
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 IronValley RE of Lehigh Valley
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Investment Insights
Based on property information with market context.
This 3,668-square-foot quadplex contains four one-bedroom, one-bath apartments, each with its own washer and dryer. Three residences include private decks, while the fourth provides covered outdoor space and two separate entrances. The property is fully leased, and the rear borders a wooded area.
Located at 364 S 1st St in Bangor, the building is within walking distance of the downtown area. Residents have access to abundant on-street parking. Tenants pay their own electric and heat expenses, while water, sewer, and trash are handled by the landlord.
Located at 364 S 1st St in Bangor, the building is within walking distance of the downtown area. Residents have access to abundant on-street parking. Tenants pay their own electric and heat expenses, while water, sewer, and trash are handled by the landlord.
Key Highlights
- 3,668‑square‑foot quadplex with four one‑bedroom, one‑bath units
- Fully leased apartment property
- In‑unit washer and dryer in every residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,249
Cap Rate
4.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$484,980
$485.0K
Cap Rate 7%
$346,414
$346.4K
Cap Rate 9%
$269,433
$269.4K
Market Conditions
NOI Build-Up for 3,668 SF
Gross rent
$37.4K $10.20/SF
− Vacancy
−$2.8K −$0.76/SF
EGI
$34.6K $9.44/SF
− OpEx
−$10.4K −$2.83/SF
NOI
$24.2K $6.61/SF
Area
Northampton County, PA
Vacancy
7.41%
Lease Rate
$10.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$484,980
Cap Rate 7%
$346,414
Cap Rate 9%
$269,433
Alternative Uses
Best Use
Multifamily LT 5
$346.4K
$303.1K – $404.2K
NOI $24,249 @ 7.0% cap · market cap 4.67%
Second Best
Apartment 5plus
$318.9K
$279.0K – $372.0K
NOI $22,321 @ 7.0% cap · market cap 4.30%
Theoretical Best
Office A
$695.7K
$608.7K – $811.7K
NOI $48,699 @ 7.0% cap · market cap 9.38%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
425
Businesses Nearby
Explore this area
Business Placement
Demographics for 18013, PA
17,436
Population
7,401
Households
2.4
Avg Household Size
44
Median Age
24%
College-Educated
89%
High-School Grad
63.0 sq mi
ZIP Area
277
Density / Sq Mi
$76,116
Median Household Income
$37,107
Median Earnings
$1,088
Median Rent
$245,700
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
Frequently Asked Questions
What type of property is this?
Quadplex - Fully leased property offers in-unit laundry and outdoor areas for residents.
Where is this quadplex located?
The property is located at 364 S 1st St Bangor, PA.
What is the asking price?
The asking price for this property is $519,000.
What are key features of this property?
This property features: 3,668‑square‑foot quadplex with four one‑bedroom, one‑bath units; Fully leased apartment property; In‑unit washer and dryer in every residence
