Duplex with Carriage
For Sale
$386,000
Pending
543 Chestnut Street, Emmaus, PA 18049
Two residences have separate electric and water/sewer meters, with tenants covering their own electric service.
Property Size2,564 SF
Days on Market10
Property Features for 543 Chestnut Street
General Information
Standard status
Pending
Size
2,564 SF
Property subtype
Residential Income
Zoning
B-C-CNTRAL COMMRCL
Taxes and HOA fees
Annual Taxes
$6,128
Amenities
Carpet,Hardwood
1
true
3
4
Washer Hookup
Assessor
Fireplace
Public
6377
32.64 x 196
0.146
Public Records
Built In,Garage,Off Street,Parking Pad,On Street
Building Details
Year Built
1890
Stories
3
Listing Agency:
(908) 224-5438
Listed By:
Yvonne Schneider
Source:
Haven
Added: Oct 21
Changed: Oct 28
Last Checked: Oct 28 at 4:48PM
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 Yvonne Schneider
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This duplex property in Emmaus includes two distinct residences on one parcel: a front house and a red-brick carriage house. The front residence underwent a major renovation in 2020 and is leased through December 2026. Tenants have occupied the carriage house since 2018. Each residence has separate electric and water/sewer meters. The seller’s appliances, including refrigerators, ranges, microwaves, washers, dryers, and dishwashers, remain with the property.
Both asphalt-shingle roofs were replaced in 2021, with plywood replaced as needed; the flat roof was replaced in 2018. The front house received a Carrier gas furnace in 2026, a refrigerator in 2024, and a gas range in 2023. The carriage house has a 2019 mini-split system, plus a natural-gas range and washer and dryer installed in 2024. Its water heater and expansion tank were replaced in 2026, and plumbing and faucet work was completed in 2025. The property is zoned B-C-CNTRAL COMMRCL and is near local shopping, dining, parks, schools, and major routes.
Both asphalt-shingle roofs were replaced in 2021, with plywood replaced as needed; the flat roof was replaced in 2018. The front house received a Carrier gas furnace in 2026, a refrigerator in 2024, and a gas range in 2023. The carriage house has a 2019 mini-split system, plus a natural-gas range and washer and dryer installed in 2024. Its water heater and expansion tank were replaced in 2026, and plumbing and faucet work was completed in 2025. The property is zoned B-C-CNTRAL COMMRCL and is near local shopping, dining, parks, schools, and major routes.
Key Highlights
- Two separate residences occupy one parcel
- Front residence leased through December 2026; carriage house tenants have been in place since 2018
- Separate electric and water/sewer meters serve each residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,150
Cap Rate
4.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$343,000
$343.0K
Cap Rate 7%
$245,000
$245.0K
Cap Rate 9%
$190,556
$190.6K
Market Conditions
NOI Build-Up for 2,564 SF
Gross rent
$26.5K $10.32/SF
− Vacancy
−$2.0K −$0.76/SF
EGI
$24.5K $9.56/SF
− OpEx
−$7.3K −$2.87/SF
NOI
$17.1K $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 Rate 5%
$343,000
Cap Rate 7%
$245,000
Cap Rate 9%
$190,556
Alternative Uses
Best Use
Multifamily LT 5
$245.0K
$214.4K – $285.8K
NOI $17,150 @ 7.0% cap · market cap 4.44%
Second Best
Apartment 5plus
$214.0K
$187.2K – $249.6K
NOI $14,978 @ 7.0% cap · market cap 3.88%
Theoretical Best
Mixed Use
$377.0K
$329.9K – $439.9K
NOI $26,393 @ 7.0% cap · market cap 6.84%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Location Intelligence
Trade Area within ½ mile
814
Businesses Nearby
Explore this area
Business Placement
Demographics for 18049, PA
18,440
Population
7,659
Households
2.4
Avg Household Size
43
Median Age
38%
College-Educated
94%
High-School Grad
15.0 sq mi
ZIP Area
1,229
Density / Sq Mi
$93,924
Median Household Income
$44,310
Median Earnings
$1,316
Median Rent
$282,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two residences have separate electric and water/sewer meters, with tenants covering their own electric service.
Where is this duplex located?
The property is located at 543 Chestnut Street Emmaus, PA.
What is the asking price?
The asking price for this property is $386,000.
What are key features of this property?
This property features: Two separate residences occupy one parcel; Front residence leased through December 2026; carriage house tenants have been in place since 2018; Separate electric and water/sewer meters serve each residence
