Two-Unit Duplex with Canal
For Sale
$215,000
Pending
39 CANAL STREET, Lehighton, PA 18235
Two apartments offer matching two-bedroom, one-bath layouts, with one unit recently updated and the other occupied.
Property Size2,001 SF
Lot Size4.50 Acres
Days on Market57
Property Features for 39 CANAL STREET
General Information
Standard status
Pending
Size
2,001 SF
Net Rentable
68,400 SF
Class
Class B
Total Parking Spaces
126
Elevators
No
Lot size
4.50 Acres
Property subtype
Duplex
Zoning
R-4
Occupancy
94%
Net Operating Income
$620,000
Financials
Asking Price
$10,780,000
Cap Rate
5.75%
Gross Income
$1,120,000
Gross Rent Multiplier
10.2
Average Monthly Rent
$1,090
Opportunity Zone
No
Site & Location
Highway Access
Yes
Road Access
Yes
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
12 x studio, 48 x 1BR/1BA, 24 x 2BR/2BA
Multifamily Units
84
Parking per Unit
1.5
Additional Details
Furnished
No
Sprinkler System
Yes
Amenities
pool
fitness center
on-site laundry
Building Details
Year Built
1940
Year Renovated
2022
Buildings
3
Stories
2
Construction
garden-style
Tenancy
Multi
Listing Agency:
RE/MAX Real Estate-Allentown
Listed By:
Pamela Gothard · License #AB065634
(610) 770-9000
Source:
Cummingsrealtors
Added: Aug 21
Changed: Oct 16
Last Checked: Oct 16 at 8:32AM
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 RE/MAX Real Estate-Allentown
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Investment Insights
Based on property information with market context.
Located at 39 Canal St in Lehighton, this duplex contains two apartments with a consistent two-bedroom, one-bath configuration. The first-floor unit has updated kitchen and bathroom areas and is ready for occupancy, while the second-floor apartment is leased to a long-term resident.
The property sits beside the Weissport Canal, and the upper unit includes a large porch facing the canal and surrounding wildlife. A yard adds outdoor space, while shopping, dining, and everyday services along Routes 443 and 209 are only minutes away. The property is within the Lehighton Area School District.
The property sits beside the Weissport Canal, and the upper unit includes a large porch facing the canal and surrounding wildlife. A yard adds outdoor space, while shopping, dining, and everyday services along Routes 443 and 209 are only minutes away. The property is within the Lehighton Area School District.
Key Highlights
- Two apartments, each with 2 bedrooms and 1 full bath
- First‑floor unit has recently updated kitchen and bathroom areas
- Second‑floor apartment is occupied by a long‑term tenant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,463
Cap Rate
8.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$369,260
$369.3K
Cap Rate 7%
$263,757
$263.8K
Cap Rate 9%
$205,144
$205.1K
Market Conditions
NOI Build-Up for 2,001 SF
Gross rent
$36.0K $18.00/SF
− Vacancy
−$2.4K −$1.22/SF
EGI
$33.6K $16.78/SF
− OpEx
−$15.1K −$7.55/SF
NOI
$18.5K $9.23/SF
Area
Carbon County, PA
Vacancy
6.80%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$369,260
Cap Rate 7%
$263,757
Cap Rate 9%
$205,144
Alternative Uses
Best Use
Multifamily LT 5
$299.8K
$262.4K – $349.8K
NOI $20,989 @ 7.0% cap · market cap 9.76%
Second Best
Apartment 5plus
$263.8K
$230.8K – $307.7K
NOI $18,463 @ 7.0% cap · market cap 8.59%
Theoretical Best
Specialty Retail
$393.1K
$344.0K – $458.6K
NOI $27,518 @ 7.0% cap · market cap 12.80%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
84
Residential units
94%
Occupancy
Multi-tenant
Tenancy
Yes
Sprinkler system
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
419
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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two apartments offer matching two-bedroom, one-bath layouts, with one unit recently updated and the other occupied.
Where is this duplex located?
The property is located at 39 CANAL STREET Lehighton, PA.
What is the asking price?
The asking price for this property is $215,000.
What are key features of this property?
This property features: Two apartments, each with 2 bedrooms and 1 full bath; First‑floor unit has recently updated kitchen and bathroom areas; Second‑floor apartment is occupied by a long‑term tenant
