Duplex with
429 Riverview Drive, Walnutport, PA 18088
For Sale
$850,000
Residential Income, Walnutport, PA
Property Size4,503 SF
Lot Size14.85 Acres
Price / SF$188.76
Days on Market92
Property Features for 429 Riverview Drive
General Information
Property type
Property subtype
Zoning
Zoning description
Bedrooms
Full bathrooms
Rooms
Subdivision
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Year
Tax Annual Amount
Amenities
greenhouse
walking trails
Building Details
Year built
Floors in Building
Number of units
Architectural style
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 27
Last Checked: Nov 6 at 8:06PM
MLS# PM-143739
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.
The property includes a two-unit residential building and a 150-by-32-foot greenhouse that was previously leased for commercial use. The two residences are described as having three bedrooms apiece, with one offering one full and one half bathroom and the other one full bathroom.
Across two parcels, the 14.85-acre property has nearly 1,300 feet of frontage on Route 145. Open fields, wooded areas, walking trails, and a connection toward the Lehigh River are also part of the setting.
Across two parcels, the 14.85-acre property has nearly 1,300 feet of frontage on Route 145. Open fields, wooded areas, walking trails, and a connection toward the Lehigh River are also part of the setting.
Key Highlights
- Two‑unit residential building with three bedrooms in each unit
- 14.85 acres across two parcels
- Nearly 1,300 feet of frontage on Route 145
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,769
Cap Rate
3.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$595,380
$595.4K
Cap Rate 7%
$425,271
$425.3K
Cap Rate 9%
$330,767
$330.8K
Market Conditions
NOI Build-Up for 4,503 SF
Gross rent
$45.9K $10.20/SF
− Vacancy
−$3.4K −$0.76/SF
EGI
$42.5K $9.44/SF
− OpEx
−$12.8K −$2.83/SF
NOI
$29.8K $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%
$595,380
Cap Rate 7%
$425,271
Cap Rate 9%
$330,767
Alternative Uses
Best Use
Multifamily LT 5
$425.3K
$372.1K – $496.2K
NOI $29,769 @ 7.0% cap · market cap 3.50%
Second Best
Apartment 5plus
$391.5K
$342.5K – $456.7K
NOI $27,402 @ 7.0% cap · market cap 3.22%
Theoretical Best
Office A
$854.1K
$747.3K – $996.4K
NOI $59,785 @ 7.0% cap · market cap 7.03%
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
100%
Occupancy
Multi-tenant
Tenancy
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 - A large greenhouse adds a separate commercial-use component to the two-unit residential property.
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: Two‑unit residential building with three bedrooms in each unit; 14.85 acres across two parcels; Nearly 1,300 feet of frontage on Route 145
