Duplex with Bonus
New
For Sale
$299,900
507 WALNUT STREET, Catasauqua, PA 18032
Two distinct residences offer separate kitchens and laundry areas, with the upper home extending across the second and third floors.
Property Size2,881 SF
Price / SF$104.10
Days on Market3
Property Features for 507 WALNUT STREET
General Information
Standard status
Active
Size
2,881 SF
Property subtype
Duplex
Units
Unit Mix
1 x 2BR/1BA, 1 x 3BR/1BA
Multifamily Units
2
Amenities
covered front porch
fenced backyard
Building Details
Year Built
1894
Buildings
1
Stories
3
Construction
brick
Listing Agency:
Iron Valley Real Estate of Lehigh Valley
(610) 766-7200
Listed By:
Georgiana Isadora Torrella
(610) 417-9722
Source:
Cummingsrealtors
Added: Oct 3
Changed: Oct 4
Last Checked: Oct 5 at 7:02PM
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 Iron Valley Real Estate of Lehigh Valley
Investment Insights
Based on property information with market context.
This detached brick duplex contains 2,881 square feet and was built in 1894. The first-floor residence has two bedrooms, one full bathroom, an eat-in kitchen, and a living area. A side entrance connects to a mudroom and laundry room, and the kitchen provides access to basement storage. The second residence occupies the second and third floors and includes three bedrooms, one full bathroom, a living room with built-in shelving, an eat-in kitchen, and its own laundry area. A bonus room on the top floor adds flexible interior space.
The property is in Catasauqua Borough at 507 Walnut Street. A covered front porch and fenced backyard are among its exterior features. A natural gas boiler was installed in 2019 and serviced in 2026; the hot water heater dates to 2020. The first-floor unit is vacant, while the upper unit is tenant-occupied.
The property is in Catasauqua Borough at 507 Walnut Street. A covered front porch and fenced backyard are among its exterior features. A natural gas boiler was installed in 2019 and serviced in 2026; the hot water heater dates to 2020. The first-floor unit is vacant, while the upper unit is tenant-occupied.
Key Highlights
- Detached brick duplex with 2,881 square feet
- Two‑bedroom, one‑bath first‑floor unit with eat‑in kitchen and mudroom/laundry room
- Three‑bedroom, one‑bath unit spans the second and third floors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,270
Cap Rate
6.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$385,400
$385.4K
Cap Rate 7%
$275,286
$275.3K
Cap Rate 9%
$214,111
$214.1K
Market Conditions
NOI Build-Up for 2,881 SF
Gross rent
$29.7K $10.32/SF
− Vacancy
−$2.2K −$0.76/SF
EGI
$27.5K $9.56/SF
− OpEx
−$8.3K −$2.87/SF
NOI
$19.3K $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 Rate 5%
$385,400
Cap Rate 7%
$275,286
Cap Rate 9%
$214,111
Alternative Uses
Best Use
Multifamily LT 5
$275.3K
$240.9K – $321.2K
NOI $19,270 @ 7.0% cap · market cap 6.43%
Second Best
Apartment 5plus
$240.4K
$210.4K – $280.5K
NOI $16,830 @ 7.0% cap · market cap 5.61%
Theoretical Best
Mixed Use
$423.7K
$370.7K – $494.3K
NOI $29,656 @ 7.0% cap · market cap 9.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
470
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Two distinct residences offer separate kitchens and laundry areas, with the upper home extending across the second and third floors.
Where is this duplex located?
The property is located at 507 WALNUT STREET Catasauqua, PA.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: Detached brick duplex with 2,881 square feet; Two‑bedroom, one‑bath first‑floor unit with eat‑in kitchen and mudroom/laundry room; Three‑bedroom, one‑bath unit spans the second and third floors
