Leased Residential Income
For Sale
$329,900
4115 Bunker Hill Dr S, Coopersburg, PA 18036
Currently leased with a private patio, full basement, and gas heat and hot water.
Property Size1,730 SF
Price / SF$190.69
Days on Market18
Property Features for 4115 Bunker Hill Dr S
General Information
Standard status
Active
Size
1,730 SF
Property subtype
Residential Income
Property Condition
Severity
Repairs Needed
Evidence
Needs some cosmetic updates
Additional Details
HOA Fee
$340
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$4,653
Amenities
private patio
gas fireplace
second-floor laundry room
full basement
Listing Agency:
Preferred Properties Plus
(610) 360-6466
Listed By:
Jeffrey D. Torchia · License #SB065687
(610) 360-6466
Source:
Exprealty
Added: Aug 6
Changed: Aug 21
Last Checked: Aug 23 at 7:35AM
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 Preferred Properties Plus
Investment Insights
Based on property information with market context.
This leased condominium offers 1,730 square feet with an open-concept main level, a walnut kitchen with granite countertops, breakfast bar, and appliances, plus a family room with a gas fireplace. The kitchen opens to a private patio. Upstairs, the primary suite includes a full private bath and two closets, including a walk-in closet. Two additional bedrooms, another full bath, and a second-floor laundry room complete the upper level. A full basement provides storage or room for future customization. Gas heat and hot water serve the home, which requires some cosmetic updating. The property is within the Southern Lehigh School District. The condominium association handles lawn care, exterior maintenance, trash removal, and snow removal.
Key Highlights
- Currently leased condominium with 1,730 SF of living space
- Three bedrooms and two full baths, including a primary suite with private bath
- Walnut kitchen with granite countertops, breakfast bar, and appliances
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
$10,106
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
3.06%
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%
$202,120
$202.1K
Cap Rate 7%
$144,371
$144.4K
Cap Rate 9%
$112,289
$112.3K
Market Conditions
NOI Build-Up for 1,730 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
$19.9K $11.52/SF
− Vacancy
−$1.6K −$0.90/SF
EGI
$18.4K $10.62/SF
− OpEx
−$8.3K −$4.78/SF
NOI
$10.1K $5.84/SF
Area
Lehigh County, PA
Vacancy
7.80%
Lease Rate
$11.52 /SF/Yr
Expense Ratio
45.00%
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%
$202,120
Cap Rate 7%
$144,371
Cap Rate 9%
$112,289
Alternative Uses
Best Use
Apartment 5plus
$144.4K
$126.3K – $168.4K
NOI $10,106 @ 7.0% cap · market cap 3.06%
Second Best
—
—
no second resolved use
Theoretical Best
Mixed Use
$254.4K
$222.6K – $296.8K
NOI $17,808 @ 7.0% cap · market cap 5.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
261
Businesses Nearby
Explore this area
Business Placement
Demographics for 18036, PA
14,084
Population
6,099
Households
2.3
Avg Household Size
45
Median Age
45%
College-Educated
95%
High-School Grad
29.2 sq mi
ZIP Area
482
Density / Sq Mi
$124,211
Median Household Income
$61,998
Median Earnings
$1,121
Median Rent
$381,700
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Currently leased with a private patio, full basement, and gas heat and hot water.
Where is this residential income property located?
The property is located at 4115 Bunker Hill Dr S Coopersburg, PA.
What is the asking price?
The asking price for this property is $329,900.
What are key features of this property?
This property features: Currently leased condominium with 1,730 SF of living space; Three bedrooms and two full baths, including a primary suite with private bath; Walnut kitchen with granite countertops, breakfast bar, and appliances
