Duplex with
For Sale
$850,000
429 Riverview Drive, Walnutport, PA 18088
Residential, Lehigh Twp, PA
Property Size3,003 SF
Lot Size14.85 Acres
Price / SF$283.05
Days on Market77
Property Features for 429 Riverview Drive
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
GC
Bedrooms
8
Bathrooms
1
Half bathrooms
1
Rooms
Bedroom 7, Bedroom 2, Dining Room, Basement, Bedroom 6, Bedroom 4, Bedroom 8, Bedroom 5, Bedroom 3, Bedroom 1, Bathroom 1
Parking features
Garage, Driveway, Off Street
Patio and Porch features
Porch, Deck
Interior features
DiningArea, SeparateFormalDiningRoom
Exterior features
Deck, Porch
Appliances
ElectricDryer, ElectricOven, ElectricRange, ElectricWaterHeater, Refrigerator, Washer
Subdivision
No Subdivision
Elementary school district
Northampton
Middle school district
Northampton
High school district
Northampton
Directions
Property is on 145. Ahwa Vista Greenhouse and Farm Sign out front. Two Driveways (horseshoe) on either side of 2 unit, safer to leave from driveway between Greenhouse and Residence. DO NOT park behind residence, that is the septic drainfield
Standard status
Active
APN
K2-2-8-0516
Size
3,003 SF
Lot size
14.85 Acres
Taxes and HOA fees
Tax Annual Amount
4918
Utilities
Sewer type
Septic Tank
Heating system
Electric (Heating), Heat Pump (Heating), Baseboard
Cooling system
Ductless
Water source
Well
Amenities
greenhouse
walking trails
river access
historic remnants
Building Details
Year built
1900
Floors in Building
2
Building materials
Brick
Roof type
Fiberglass, Asphalt
Architectural style
Other
Additional Structures
Greenhouse
Listing Agency:
Keller Williams Real Estate · Keller Williams Realty
(610) 826-8100
Listed By:
Jim Christman
(610) 349-6851
Added: Aug 7
Changed: Oct 22
Last Checked: Oct 22 at 9:06PM
MLS# 781344
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.
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Investment Insights
Based on property information with market context.
This duplex contains two residential units within 3,003 square feet. Each unit is approximately 1,500 square feet; one has three bedrooms and one and a half bathrooms, while the other has three bedrooms and one full bathroom. Both units are leased. A 150-by-32-foot greenhouse is also on the property and has previously been leased for commercial use.
The property encompasses 14.85 acres across two parcels, with nearly 1,300 feet of frontage on Route 145. The land includes open fields, mature woods, walking trails, and access toward the Lehigh River. A railroad crossing connects the parcels.
Historic features on the grounds include remnants of Lockport, parts of the Lehigh Canal lock system, and structures associated with the area’s canal-era history.
The property encompasses 14.85 acres across two parcels, with nearly 1,300 feet of frontage on Route 145. The land includes open fields, mature woods, walking trails, and access toward the Lehigh River. A railroad crossing connects the parcels.
Historic features on the grounds include remnants of Lockport, parts of the Lehigh Canal lock system, and structures associated with the area’s canal-era history.
Key Highlights
- Two leased residential units totaling 3,003 square feet
- 14.85 acres across two parcels
- Nearly 1,300 feet of frontage on Route 145
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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Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
23
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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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two leased residential units sit on a riverfront property with a large greenhouse and substantial acreage.
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 leased residential units totaling 3,003 square feet; 14.85 acres across two parcels; Nearly 1,300 feet of frontage on Route 145
