Renovated Brick
For Sale
$495,000
412 Pennsylvania Avenue, Bangor, PA 18013
ResidentialIncome, Roseto Boro, PA
Property Size3,257 SF
Lot Size0.43 Acres
Price / SF$151.98
Days on Market241
Property Features for 412 Pennsylvania Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R-1
Bedrooms
4
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 2, Bathroom 1, Bedroom 4, Bathroom 2, Bedroom 1, Bedroom 3, Bathroom 3
Parking
4
Parking features
Garage, Driveway
Interior features
Balcony
Subdivision
Not in Development
Elementary school district
Bangor
Middle school district
Bangor
High school district
Bangor
Directions
From Bangor take 191N to left on Columbus to right on Pennsylvania Ave House on left
Standard status
Active
APN
D9SE1A 18 1 0128
Size
3,257 SF
Lot size
0.43 Acres
Taxes and HOA fees
Tax Annual Amount
4677
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Ceiling Fan(s)
Water source
Public
Building Details
Year built
1900
Floors in Building
2
Number of units
4
Flooring type
Hardwood
Building materials
Brick
Listing Agency:
Teel Realty
(570) 897-7325
Listed By:
Terry L. Teel
(570) 460-3910
Added: Jan 15
Changed: Sep 12
Last Checked: Sep 13 at 8:06AM
MLS# 770603
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 3,257-square-foot brick triplex at 412 Pennsylvania Avenue includes three legal units: one two-bedroom residence and two one-bedroom residences. Each unit has a private bathroom, and the interiors feature renovations, hardwood flooring, and balcony space. The property was built in 1900 and is heated with natural gas, with ceiling fans for cooling.
Set on a 0.427-acre corner lot in Roseto Boro, the property includes three garage spaces—two detached and one attached—along with driveway parking. Public water and public sewer serve the building. R-1 zoning applies, and local shopping, schools, and major roadways are identified nearby. Borough approval may allow two additional bedrooms in Unit 1.
Set on a 0.427-acre corner lot in Roseto Boro, the property includes three garage spaces—two detached and one attached—along with driveway parking. Public water and public sewer serve the building. R-1 zoning applies, and local shopping, schools, and major roadways are identified nearby. Borough approval may allow two additional bedrooms in Unit 1.
Key Highlights
- 3,257‑square‑foot brick triplex with 3 legal units
- Unit mix includes one 2‑bedroom unit and two 1‑bedroom units
- Each unit includes a private bathroom; interiors have been renovated
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
$21,532
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
4.35%
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%
$430,640
$430.6K
Cap Rate 7%
$307,600
$307.6K
Cap Rate 9%
$239,244
$239.2K
Market Conditions
NOI Build-Up for 3,257 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
$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 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%
$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
NOI $21,532 @ 7.0% cap · market cap 4.35%
Second Best
Apartment 5plus
$283.1K
$247.7K – $330.3K
NOI $19,819 @ 7.0% cap · market cap 4.00%
Theoretical Best
Office A
$617.8K
$540.5K – $720.7K
NOI $43,243 @ 7.0% cap · market cap 8.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Three legal units offer a flexible owner-occupant or rental configuration with private bathrooms and public utilities.
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: 3,257‑square‑foot brick triplex with 3 legal units; Unit mix includes one 2‑bedroom unit and two 1‑bedroom units; Each unit includes a private bathroom; interiors have been renovated
