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Two-Unit Residential Income Property
New
For Sale
$210,000

46 E Hazard Street, Summit Hill, PA 18250

MULTI_FAMILY - Summit Hill Boro, PA

Property Size1,344 SF
Lot Size0.09 Acres
Price / SF$156.25
Days on Market6

Property Features for 46 E Hazard Street

General Information

Property type Residential Multi Family
Property subtype Other
Zoning R3
Bedrooms 5
Bathrooms 3
Full bathrooms 3
Rooms Bathroom 2, Bedroom 2, Bedroom 5, Bathroom 1, Bathroom 3, Bedroom 4, Bedroom 1, Bedroom 3
Parking 3
Parking features On Street, Garage
Subdivision Not in Development
Elementary school district Panther Valley
Middle school district Panther Valley
High school district Panther Valley
Directions From PA-443 W, turn right onto Mill Road and continue approximately 5 miles into Summit Hill. Turn right onto Pine Street, then left onto E. Hazard Street. Continue to 46 E. Hazard Street, which will be on your left.
Standard status Active
APN 123B-53-B13
Size 1,344 SF
Lot size 0.09 Acres

Taxes and HOA fees

Tax Annual Amount 3749

Utilities

Sewer type Public Sewer
Heating system Electric (Heating)
Water source Public

Building Details

Year built 1900
Number of units 2
Building materials VinylSiding
Listing Agency: Harvey Z Raad Real Estate
Listed By: Montana A. Youssef
Added: Jul 27 Changed: Jul 28 Last Checked: Aug 1 at 3:06AM
MLS# 781519

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 two-unit residential income property combines separate living space with substantial enclosed garage utility. The front home is a spacious two-story layout featuring 3 bedrooms and 2 full bathrooms. At the rear, an oversized 40' x 23' garage offers 14-foot ceilings for storage, workshop, contractor, or hobby use. Above the garage is an additional 2-bedroom apartment, providing further living space or rental income.

The property is located in Summit Hill Boro, Pennsylvania, at 46 E Hazard Street in Carbon County. Zoning is listed as R3.

Overall, the configuration supports both residential occupancy and income potential, with the large garage volume serving as a practical differentiator for day-to-day storage and workspace needs.

Key Highlights

  • Unique two‑unit property with a front 2‑story home (3 bedrooms, 2 full bathrooms) and a rear 2‑bedroom apartment above the garage
  • Oversized 40' x 23' garage with 14‑foot ceilings, plus options for storage, a workshop, contractor use, or hobby space
  • Public utilities: public water and public sewer

Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up
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.

Component $ $/SF
Gross rent $21.8k $16.20
− Vacancy −$1.6k −$1.22
EGI $20.1k $14.99
− OpEx −$6.0k −$4.50
NOI $14.1k $10.49
1,344 SF · lease $16.20/SF/yr · vacancy 7.50% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$201.4K
$176.2K – $235.0K (±1% cap)
NOI $14,098 @ 7.0% cap · market cap 6.71%
Second Best
Apartment 5plus
$177.2K
$155.0K – $206.7K (±1% cap)
NOI $12,401 @ 7.0% cap · market cap 5.91%
Theoretical Best
Specialty Retail
$264.0K
$231.0K – $308.1K (±1% cap)
NOI $18,483 @ 7.0% cap · market cap 8.80%
Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Building Supply Kitchen & Bath Showroom Pharmacy (Bike/Boat/Book/etc) Store Plumbing Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

14 ft
Clear height
2
Residential units

Location Intelligence

Trade Area within ½ mile

226
Businesses Nearby

Demographics for 18250, PA

3,046
Population
1,312
Households
2.3
Avg Household Size
43
Median Age
8%
College-Educated
94%
High-School Grad
10.5 sq mi
ZIP Area
290
Density / Sq Mi
$66,685
Median Household Income
$38,981
Median Earnings
$1,172
Median Rent
$99,100
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Duplex - Two-unit residential property with a spacious two-story front home and a large rear garage with a separate apartment above.
Where is this duplex located?
The property is located at 46 E Hazard Street Summit Hill, PA.
What is the asking price?
The asking price for this property is $210,000.
What are key features of this property?
This property features: Unique two‑unit property with a front 2‑story home (3 bedrooms, 2 full bathrooms) and a rear 2‑bedroom apartment above the garage; Oversized 40' x 23' garage with 14‑foot ceilings, plus options for storage, a workshop, contractor use, or hobby space; Public utilities: public water and public sewer
More about this property
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