Two-Unit Brick
New
For Sale
$299,900
507 Walnut Street, Catasauqua, PA 18032
ResidentialIncome, Catasauqua Boro, 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
Other
Zoning
R2
Bedrooms
5
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 5, Bedroom 4, Bedroom 3, Bedroom 1, Bathroom 2, Bedroom 2, Bathroom 1
Parking features
On Street
Subdivision
Not in Development
Elementary school district
Catasauqua
Middle school district
Catasauqua
High school district
Catasauqua
Directions
From Airport Rd, Right on Race St, Right onto N 14th St, Left onto Walnut Street, Property on your Left.
Standard status
Active
APN
640900582840-1
Size
2,881 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Annual Amount
5653
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Other (Heating)
Cooling system
Window Unit(s)
Water source
Public
Amenities
covered front porch
fenced backyard
Building Details
Year built
1894
Floors in Building
2
Number of units
2
Building materials
Brick
Listing Agency:
IronValley RE of Lehigh Valley
(610) 766-7200
Listed By:
Georgiana I. Torrella
(610) 417-9722
Added: Oct 3
Changed: Oct 4
Last Checked: Oct 5 at 7:06PM
MLS# 785639
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 2,881-square-foot brick duplex, built in 1894, contains two residences. The first-floor unit has two bedrooms, one full bath, an eat-in kitchen, a living area, and a mudroom with laundry. The second unit spans the second and third floors and includes three bedrooms, one full bath, a living room, an eat-in kitchen, and its own laundry area. A third-floor bonus room adds flexible interior space. The property also has a covered front porch, fenced backyard, and basement storage.
The property is in Catasauqua Borough on a 0.106-acre lot and is zoned R2. Public water and sewer serve the site. Heating is natural gas, with a natural gas boiler installed in 2019 and a hot water heater installed in 2020. Cooling is provided by window units; parking is on street.
The property is in Catasauqua Borough on a 0.106-acre lot and is zoned R2. Public water and sewer serve the site. Heating is natural gas, with a natural gas boiler installed in 2019 and a hot water heater installed in 2020. Cooling is provided by window units; parking is on street.
Key Highlights
- Two residential units in a 2,881‑square‑foot brick building
- First‑floor unit has 2 bedrooms and 1 full bath; upper unit has 3 bedrooms and 1 full bath
- Upper residence spans the second and third floors and includes a bonus room
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 - Separate kitchens and laundry areas serve each residence, with additional living space on the third floor.
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 residential units in a 2,881‑square‑foot brick building; First‑floor unit has 2 bedrooms and 1 full bath; upper unit has 3 bedrooms and 1 full bath; Upper residence spans the second and third floors and includes a bonus room
