2-Unit Brick
New
For Sale
$299,900
507 WALNUT Street, Catasauqua, PA 18032
Multi-Family, CATASAUQUA, PA
Property Size2,881 SF
Lot Size0.11 Acres
Price / SF$104.10
Days on Market3
Property Features for 507 WALNUT Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Rooms
Dining Room, Basement, Family Room
Parking features
On Street
Interior features
Additional Stairway, Bathroom - Stall Shower, Bathroom - Walk-In Shower, Breakfast Area, Built-Ins, Combination Kitchen/Dining, Double/Dual Staircase, Family Room Off Kitchen, Kitchen - Eat-In
Appliances
Dishwasher, Dryer, Oven/Range - Electric, Refrigerator, Stainless Steel Appliances, Washer
Subdivision
CATASAUQUA BOROUGH
Elementary school district
CATASAUQUA AREA
Middle school district
CATASAUQUA AREA
High school district
CATASAUQUA AREA
Standard status
Active
Size
2,881 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Annual Amount
5626
Utilities
Heating system
Hot Water(Heating), Other (Heating), Baseboard
Amenities
covered front porch
fenced backyard
Building Details
Year built
1894
Number of units
2
Building materials
Brick
Architectural style
Colonial
Listing Agency:
Iron Valley Real Estate of Lehigh Valley
(610) 766-7200
Listed By:
Georgiana Isadora Torrella
(610) 417-9722
Added: Oct 3
Changed: Oct 5
Last Checked: Oct 5 at 7:06PM
MLS# PALH2017086
Copyright © 2026 Bright MLS. 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 2,881-square-foot brick duplex in Catasauqua dates to 1894 and contains two residences. The first-floor unit has two bedrooms, an eat-in kitchen, living area, full bath, mudroom and laundry room, plus basement storage. The second unit spans the second and third floors, with three bedrooms, a full bath, living room, eat-in kitchen, laundry area and a bonus room. Both units have distinct interior configurations, and the property also includes a covered front porch and fenced backyard.
The 0.1061-acre parcel is in Lehigh County. A natural gas boiler was installed in 2019, and the water heater was replaced in 2020. Parking is on street.
The 0.1061-acre parcel is in Lehigh County. A natural gas boiler was installed in 2019, and the water heater was replaced in 2020. Parking is on street.
Key Highlights
- Two residences totaling 2,881 square feet
- First‑floor residence has 2 bedrooms and 1 full bath
- Upper residence spans the second and third floors, with 3 bedrooms and 1 full bath
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
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
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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 separate residences provide a combination of two- and three-bedroom layouts, each with its own kitchen.
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: Two residences totaling 2,881 square feet; First‑floor residence has 2 bedrooms and 1 full bath; Upper residence spans the second and third floors, with 3 bedrooms and 1 full bath
