Three-Unit Residential Income
385 Bridge Street Lehighton, PA 18235
New
385 Bridge Street, Lehighton, PA, 18235
$359,900
For Sale
$359,900
MULTI_FAMILY - Lehighton Boro, PA
Property Size3,104 SF
Lot Size0.28 Acres
Price / SF$115.95
Days on Market2
Property Features for 385 Bridge Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Apartment
- Zoning
- residential
- Bedrooms
- 7
- Bathrooms
- 3
- Rooms
- Bathroom 3, Bathroom 2, Bedroom 5, Bathroom 1, Bedroom 7, Bedroom 3, Bedroom 6, Bedroom 2, Bedroom 4, Bedroom 1
- Parking
- 2
- Parking features
- Garage, Off Street
- Interior features
- Balcony
- Standard status
- Active
- APN
- 70A9-28-T57
- Size
- 3,104 SF
- Lot size
- 0.28 Acres
Taxes and HOA fees
- Tax Annual Amount
- 4519
Utilities
- Sewer type
- Public Sewer
- Heating system
- Other (Heating), Electric (Heating), Natural Gas
- Cooling system
- Ceiling Fan(s)
- Water source
- Public
Building Details
- Year built
- 1920
- Number of units
- 3
- Flooring type
- Hardwood, Carpet
- Building materials
- Brick, Stone, VinylSiding
Listing agency
Keller Williams Real Estate
(570) 992-1010
Listed by
Danette K. Troxell
(570) 421-2890
Added: Jul 22 Checked: Jul 23 at 4:06AM
MLS# 781290
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 three-unit residential income property includes one spacious 3-bedroom unit and two 2-bedroom units. Each unit has its own separate utilities and gas-efficient heat. Washer and dryer hookups are provided for each unit.
The property has seen recent updates, including a partial newer roof, updated flooring, and modern fixtures throughout. It sits on a large lot, offering a practical single-owner rental setup with three distinct residential units.
The building’s configuration supports owner-occupancy or multi-tenant leasing, with one unit and two additional units generating rental income. Zoning is listed as residential.
The property has seen recent updates, including a partial newer roof, updated flooring, and modern fixtures throughout. It sits on a large lot, offering a practical single-owner rental setup with three distinct residential units.
The building’s configuration supports owner-occupancy or multi-tenant leasing, with one unit and two additional units generating rental income. Zoning is listed as residential.
Key Highlights
- Three‑unit investment property: one 3‑bedroom unit and two 2‑bedroom units
- Each unit has separate utilities and its own washer and dryer hookup connections
- Gas‑efficient heat with electric and natural gas heating options; ceiling fan cooling
Local 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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Three-unit income property with separate utilities, gas-efficient heat, and in-unit washer and dryer hookups.
Where is this triplex located?
The property is located at 385 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‑unit investment property: one 3‑bedroom unit and two 2‑bedroom units; Each unit has separate utilities and its own washer and dryer hookup connections; Gas‑efficient heat with electric and natural gas heating options; ceiling fan cooling
