Building Details

Year Built 1900

Buildings 1

Stories 2

Construction brick

Listing Agency: Teel Realty Show Phone

Listed By: Andrew Dilg

Source: Corbyrealty

Added: Oct 30 Changed: Oct 31 Last Checked: Nov 3 at 6:32AM

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Investment Insights

Based on property information with market context.

This brick triplex contains 3,257 square feet and was built in 1900. Its three legal units include one two-bedroom residence and two one-bedroom residences; each has been renovated and has a private bath. The property also has gas heat, public water and sewer, and three garage spaces, split between one attached and two detached garages.

Set on a corner lot at 412 Pennsylvania Avenue in Roseto Boro, the property is zoned R-1. The unit mix and separate residences provide a defined three-unit configuration.

Key Highlights

• Three legal units: one two‑bedroom and two one‑bedroom residences
• 3,257 square feet; brick construction; built in 1900
• Renovated units, each with a private bath

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$21,532

Cap Rate

4.35%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$430,640 $430.6K

Cap Rate 7%

$307,600 $307.6K

Cap Rate 9%

$239,244 $239.2K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,257 SF

Gross rent

$33.2K $10.20/SF

− Vacancy

−$2.5K −$0.76/SF

EGI

$30.8K $9.44/SF

− OpEx

−$9.2K −$2.83/SF

NOI

$21.5K $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 Rate 5%

$430,640

Cap Rate 7%

$307,600

Cap Rate 9%

$239,244

Alternative Uses

Best Use

Multifamily LT 5

$307.6K

$269.2K – $358.9K (±1% cap)

NOI $21,532 @ 7.0% cap · market cap 4.35%

Second Best

Apartment 5plus

$283.1K

$247.7K – $330.3K (±1% cap)

NOI $19,819 @ 7.0% cap · market cap 4.00%

Theoretical Best

Office A

$617.8K

$540.5K – $720.7K (±1% cap)

NOI $43,243 @ 7.0% cap · market cap 8.74%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Lease Details

3

Residential units

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

119

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

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

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Frequently Asked Questions

What type of property is this?

Triplex - Three legal residences offer a two-bedroom layout alongside two one-bedroom units, each with a private bath.

Where is this triplex located?

The property is located at 412 Pennsylvania Avenue Bangor, PA.

What is the asking price?

The asking price for this property is $495,000.

What are key features of this property?

This property features: Three legal units: one two‑bedroom and two one‑bedroom residences; 3,257 square feet; brick construction; built in 1900; Renovated units, each with a private bath