Renovated Four-Unit
New
For Sale
$500,000
400 402 Pine Street, Tamaqua, PA 18252
MULTI_FAMILY - Tamaqua Boro, PA
Property Size4,332 SF
Lot Size0.09 Acres
Price / SF$115.42
Days on Market4
Property Features for 400 402 Pine Street
General Information
Property type
Residential Multi Family
Property subtype
Apartment
Zoning
RES
Bedrooms
8
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 2, Bathroom 3, Bedroom 3, Bedroom 6, Bedroom 2, Bedroom 5, Bedroom 4, Bedroom 7, Bedroom 8, Bathroom 1, Bathroom 4, Bedroom 1
Parking
5
Patio and Porch features
Patio
Interior features
Balcony
Subdivision
Not in Development
Elementary school district
Tamaqua
Middle school district
Tamaqua
High school district
Tamaqua
Directions
Get on I-476 N 4 min (1.4 mi) Continue on I-476 N to Lehighton 21 min (21.0 mi) Continue on PA-443 W. Drive to Pine St in Tamaqua
Standard status
Active
APN
65-07-0091.000
Size
4,332 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Annual Amount
3260
Utilities
Sewer type
Public Sewer
Heating system
Baseboard
Cooling system
Wall Unit(s)
Water source
Public
Building Details
Year built
1910
Floors in Building
2
Number of units
4
Flooring type
Hardwood
Building materials
VinylSiding
Listing Agency:
Steel City Realty
(484) 895-9005
Listed By:
Joshua Schoenberger
(484) 895-9005
Added: Aug 5
Last Checked: Aug 8 at 7:06PM
MLS# 782195
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 4,332-square-foot quadplex at 400–402 Pine Street contains four residential units: a three-bedroom, one-bath residence with a bonus room, attached garage, and washer/dryer; two two-bedroom, one-bath apartments; and one one-bedroom, one-bath apartment. The building dates to 1910 and has received extensive improvements, including vinyl siding, replacement windows, LVP flooring, updated lighting, electrical outlets and GFCIs, kitchen cabinetry, countertops, backsplash work, plumbing-stack repairs, and common-area upgrades. Units feature clean interiors, hardwood flooring, appliances, balconies or patio areas, and wall-unit cooling. All four units are occupied under signed leases. Electric baseboard systems allow residents to control and pay for their own heat and electric, while public water and sewer support straightforward operations. The property is zoned RES and is near downtown Tamaqua, shopping, parks, and local amenities.
Key Highlights
- Four‑unit building with 100% occupancy
- 4,332 square feet on 0.09 acres
- Unit mix includes one 3BR/1BA, two 2BR/1BA, and one 1BR/1BA residence
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
$25,518
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
5.10%
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%
$510,360
$510.4K
Cap Rate 7%
$364,543
$364.5K
Cap Rate 9%
$283,533
$283.5K
Market Conditions
NOI Build-Up for 4,332 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
$39.0K $9.00/SF
− Vacancy
−$2.5K −$0.59/SF
EGI
$36.5K $8.42/SF
− OpEx
−$10.9K −$2.52/SF
NOI
$25.5K $5.89/SF
Area
Schuylkill County, PA
Vacancy
6.50%
Lease Rate
$9.00 /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%
$510,360
Cap Rate 7%
$364,543
Cap Rate 9%
$283,533
Alternative Uses
Best Use
Multifamily LT 5
$364.5K
$319.0K – $425.3K
NOI $25,518 @ 7.0% cap · market cap 5.10%
Second Best
Apartment 5plus
$338.6K
$296.3K – $395.0K
NOI $23,701 @ 7.0% cap · market cap 4.74%
Theoretical Best
Office A
$649.8K
$568.6K – $758.1K
NOI $45,486 @ 7.0% cap · market cap 9.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
100%
Occupancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
622
Businesses Nearby
Explore this area
Business Placement
Demographics for 18252, PA
11,016
Population
5,152
Households
2.1
Avg Household Size
44
Median Age
19%
College-Educated
90%
High-School Grad
68.0 sq mi
ZIP Area
162
Density / Sq Mi
$61,020
Median Household Income
$37,835
Median Earnings
$922
Median Rent
$153,000
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Fully occupied residential income property with varied bedroom layouts, updated finishes, public utilities, and separately controlled electric baseboard heat.
Where is this quadplex located?
The property is located at 400 402 Pine Street Tamaqua, PA.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: Four‑unit building with 100% occupancy; 4,332 square feet on 0.09 acres; Unit mix includes one 3BR/1BA, two 2BR/1BA, and one 1BR/1BA residence
