Duplex Property with
429 Riverview Drive, Walnutport, PA 18088
For Sale
$850,000
Commercial Sale, Walnutport, PA
Property Size3,003 SF
Lot Size14.85 Acres
Price / SF$283.05
Days on Market92
Property Features for 429 Riverview Drive
General Information
Property type
Property subtype
Zoning description
Subdivision
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Amenities
greenhouse
Building Details
Year built
Floors in Building
Listing Agency:
Keller Williams Real Estate - Palmerton · Keller Williams Realty
(610) 826-8100
Listed By:
James A Christman
(570) 421-2890
Added: Aug 7
Changed: Oct 22
Last Checked: Nov 6 at 8:06PM
MLS# PM-143738
Copyright © 2026 Pocono Mountains Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This duplex property includes 3,003 square feet of living area in two leased units. One unit has three bedrooms and 1.5 bathrooms; the other has three bedrooms and one full bathroom. A 150-by-32-foot greenhouse is also on the property and has previously been leased for commercial use.
The 14.85 acres are divided between two parcels. The 10.85-acre front parcel is zoned Highway Commercial, while the separate 4-acre rear parcel has Agricultural zoning. Railroad crossing access connects the parcels. The property has nearly 1,300 feet of frontage on Route 145 and is located along the Lehigh River in Walnutport, Pennsylvania.
The 14.85 acres are divided between two parcels. The 10.85-acre front parcel is zoned Highway Commercial, while the separate 4-acre rear parcel has Agricultural zoning. Railroad crossing access connects the parcels. The property has nearly 1,300 feet of frontage on Route 145 and is located along the Lehigh River in Walnutport, Pennsylvania.
Key Highlights
- 14.85 acres across two parcels
- Duplex with 3,003 square feet of living area and two residential units
- One unit has 3 bedrooms and 1.5 bathrooms; the other has 3 bedrooms and 1 full bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,405
Cap Rate
3.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$608,100
$608.1K
Cap Rate 7%
$434,357
$434.4K
Cap Rate 9%
$337,833
$337.8K
Market Conditions
NOI Build-Up for 3,003 SF
Gross rent
$54.1K $18.00/SF
− Vacancy
−$5.4K −$1.80/SF
EGI
$48.6K $16.20/SF
− OpEx
−$18.2K −$6.07/SF
NOI
$30.4K $10.13/SF
Area
Northampton County, PA
Vacancy
10.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$608,100
Cap Rate 7%
$434,357
Cap Rate 9%
$337,833
Alternative Uses
Best Use
Mixed Use
$434.4K
$380.1K – $506.8K
NOI $30,405 @ 7.0% cap · market cap 3.58%
Second Best
Multifamily LT 5
$283.6K
$248.2K – $330.9K
NOI $19,853 @ 7.0% cap · market cap 2.34%
Theoretical Best
Office A
$569.6K
$498.4K – $664.5K
NOI $39,870 @ 7.0% cap · market cap 4.69%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
100%
Occupancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
25
Businesses Nearby
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Business Placement
Demographics for 18088, PA
8,603
Population
3,612
Households
2.4
Avg Household Size
48
Median Age
19%
College-Educated
94%
High-School Grad
19.1 sq mi
ZIP Area
450
Density / Sq Mi
$76,025
Median Household Income
$46,269
Median Earnings
$1,236
Median Rent
$241,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Duplexes in Northampton County, PA
Properties on Market for Duplexes in Northampton County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units are paired with a greenhouse and acreage divided between commercial and agricultural zoning.
Where is this duplex located?
The property is located at 429 Riverview Drive Walnutport, PA.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: 14.85 acres across two parcels; Duplex with 3,003 square feet of living area and two residential units; One unit has 3 bedrooms and 1.5 bathrooms; the other has 3 bedrooms and 1 full bathroom
