Four-Unit Quadplex with Private
For Sale
$519,000
364 S 1st Street, Bangor, PA 18013
MULTI_FAMILY - Bangor Boro, PA
Property Size3,668 SF
Lot Size0.18 Acres
Price / SF$141.49
Days on Market9
Property Features for 364 S 1st Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
02R78
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 2, Bathroom 1, Bathroom 2, Bathroom 4, Bedroom 1, Bedroom 3, Bedroom 4, Bathroom 3
Parking
4
Parking features
Off Street
Patio and Porch features
Patio
Subdivision
Not in Development
Elementary school district
Bangor
Middle school district
Bangor
High school district
Bangor
Directions
Route 191 North towards Bangor. Becomes 1st St. Property on left.
Standard status
Active
APN
E9NE3A-2-8-0102
Size
3,668 SF
Lot size
0.18 Acres
Taxes and HOA fees
Tax Annual Amount
4508
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Baseboard
Cooling system
Window Unit(s)
Water source
Public
Amenities
in-unit washer/dryers
private decks
covered outdoor space
Building Details
Year built
1920
Floors in Building
2
Number of units
4
Building materials
VinylSiding
Listing Agency:
IronValley RE of Lehigh Valley
(610) 766-7200
Listed By:
John C. Walton
(484) 695-0700
Added: Aug 6
Changed: Aug 13
Last Checked: Aug 14 at 4:06AM
MLS# 782061
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 3,668-square-foot quadplex at 364 S 1st Street includes four one-bedroom, one-bath units. Three apartments have private decks, while the fourth offers a covered outdoor area and two entrances. In-unit washer/dryers serve each residence. The property was built in 1920 and has vinyl siding, baseboard and electric heating, and window-unit cooling. Tenants pay their own electric and heat costs; water, sewer, and trash are managed by the landlord.
Set on 0.182 acres in Bangor Boro, the property is zoned 02R78 and connected to public water and public sewer. Off-street parking is available, and a wooded area borders the rear of the site. The property is fully leased, with pedestrian access to the downtown area.
Set on 0.182 acres in Bangor Boro, the property is zoned 02R78 and connected to public water and public sewer. Off-street parking is available, and a wooded area borders the rear of the site. The property is fully leased, with pedestrian access to the downtown area.
Key Highlights
- Four one‑bedroom, one‑bath units in a quadplex
- 3,668 square feet on 0.182 acres
- Three units include private decks; Unit 4 has covered outdoor space and two entrances
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$24,249
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.67%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
417
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Four one-bedroom units feature in-unit washer/dryers, private outdoor areas, and separate tenant-paid electric and heat.
Where is this quadplex located?
The property is located at 364 S 1st Street 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: Four one‑bedroom, one‑bath units in a quadplex; 3,668 square feet on 0.182 acres; Three units include private decks; Unit 4 has covered outdoor space and two entrances
