Duplex with Detached Garage
For Sale
$249,900
Pending
438 Bridge St, Catasauqua, PA 18032
Two residences offer central air, gas forced-air heating, and a finished heated attic for added flexibility.
Property Size1,664 SF
Days on Market50
Property Features for 438 Bridge St
General Information
Standard status
Pending
Size
1,664 SF
Property subtype
Multi-Family
Building Details
Year Built
1875
Listing Agency:
RE/MAX Unlimited Real Estate
(484) 239-3213
Listed By:
Mark Molchany · License #RM420250
Source:
Poconohomessearch
Added: Jul 11
Changed: Aug 29
Last Checked: Aug 29 at 11:38AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX Unlimited Real Estate
Investment Insights
Based on property information with market context.
This 1,664-square-foot duplex combines a three-bedroom, one-bath twin home with a separate one-bedroom, one-bath residence positioned above a detached two-car garage. The main dwelling has central air and gas forced-air heat. The upper unit includes a finished, heated attic that expands its usable space, while the two-home arrangement supports independent living areas within one property.
Built in 1875, the property is located at 438 Bridge St in Catasauqua, Pennsylvania. The upper residence is scheduled to become available at the end of July. Utility arrangements differ by residence, with tenants responsible for utilities other than garbage in the twin home. The configuration provides two distinct residential units along with detached garage space.
Built in 1875, the property is located at 438 Bridge St in Catasauqua, Pennsylvania. The upper residence is scheduled to become available at the end of July. Utility arrangements differ by residence, with tenants responsible for utilities other than garbage in the twin home. The configuration provides two distinct residential units along with detached garage space.
Key Highlights
- 3‑bedroom, 1‑bath twin home paired with a 1‑bedroom, 1‑bath upper unit
- 1,664 SF duplex located at 438 Bridge St, Catasauqua, PA 18032
- Detached two‑car garage supports the separate upper residence
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
$11,130
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
4.45%
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%
$222,600
$222.6K
Cap Rate 7%
$159,000
$159.0K
Cap Rate 9%
$123,667
$123.7K
Market Conditions
NOI Build-Up for 1,664 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
$17.2K $10.32/SF
− Vacancy
−$1.3K −$0.76/SF
EGI
$15.9K $9.56/SF
− OpEx
−$4.8K −$2.87/SF
NOI
$11.1K $6.69/SF
Area
Lehigh County, PA
Vacancy
7.41%
Lease Rate
$10.32 /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%
$222,600
Cap Rate 7%
$159,000
Cap Rate 9%
$123,667
Alternative Uses
Best Use
Multifamily LT 5
$159.0K
$139.1K – $185.5K
NOI $11,130 @ 7.0% cap · market cap 4.45%
Second Best
Apartment 5plus
$138.9K
$121.5K – $162.0K
NOI $9,721 @ 7.0% cap · market cap 3.89%
Theoretical Best
Mixed Use
$244.7K
$214.1K – $285.5K
NOI $17,129 @ 7.0% cap · market cap 6.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
491
Businesses Nearby
Explore this area
Business Placement
Demographics for 18032, PA
9,489
Population
4,142
Households
2.3
Avg Household Size
40
Median Age
30%
College-Educated
94%
High-School Grad
2.0 sq mi
ZIP Area
4,745
Density / Sq Mi
$79,700
Median Household Income
$47,066
Median Earnings
$1,078
Median Rent
$213,500
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two residences offer central air, gas forced-air heating, and a finished heated attic for added flexibility.
Where is this duplex located?
The property is located at 438 Bridge St Catasauqua, PA.
What is the asking price?
The asking price for this property is $249,900.
What are key features of this property?
This property features: 3‑bedroom, 1‑bath twin home paired with a 1‑bedroom, 1‑bath upper unit; 1,664 SF duplex located at 438 Bridge St, Catasauqua, PA 18032; Detached two‑car garage supports the separate upper residence
