Building Details

Year Built 1890

Tenancy Multi

Listing Agency: Show Phone

Listed By: Danielle Mustilli

Source: Haven

Added: Oct 21 Changed: Oct 28 Last Checked: Oct 28 at 2:43PM

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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 Danielle Mustilli

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Investment Insights

Based on property information with market context.

This 5,854-square-foot mixed-use property in Coplay, Pennsylvania, contains six one-bedroom apartments and one two-bedroom apartment, along with a separate commercial space formerly used as a bar. The building dates to 1890 and is zoned C-1 Commercial. Residential leases are month-to-month, and a Borough of Coplay certificate of inspection is dated December 2025.

A rear parking area serves the residential and commercial portions of the property. Basement storage and a detached two-car garage provide additional storage space.

Key Highlights

• Seven apartments: six one‑bedroom units and one two‑bedroom unit
• 5,854 square feet, including commercial space formerly used as a bar
• C‑1 Commercial zoning

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$60,260

Cap Rate

6.49%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,205,200 $1.2M

Cap Rate 7%

$860,857 $860.9K

Cap Rate 9%

$669,556 $669.6K

Is this asking price fair?

Market Conditions

NOI Build-Up for 5,854 SF

Gross rent

$105.4K $18.00/SF

− Vacancy

−$9.0K −$1.53/SF

EGI

$96.4K $16.47/SF

− OpEx

−$36.2K −$6.18/SF

NOI

$60.3K $10.29/SF

Area

Lehigh County, PA

Vacancy

8.50%

Lease Rate

$18.00 /SF/Yr

Expense Ratio

37.50%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,205,200

Cap Rate 7%

$860,857

Cap Rate 9%

$669,556

Alternative Uses

Best Use

Mixed Use

$860.9K

$753.3K – $1.00M (±1% cap)

NOI $60,260 @ 7.0% cap · market cap 6.49%

Second Best

Apartment 5plus

$488.5K

$427.5K – $570.0K (±1% cap)

NOI $34,198 @ 7.0% cap · market cap 3.68%

Theoretical Best

—

—

same as Best Use

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

Current Use

Mixed-use properties

Suggested Use

Top Pick Real Estate Agency Law Firm Spa & Massage Center Skin Care Clinic Parking Lot & Garage Building Supply

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

7

Residential units

Multi-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

336

Businesses Nearby

Explore this area Business Placement

Demographics for 18037, PA

7,444

Population

3,263

Households

2.3

Avg Household Size

45

Median Age

30%

College-Educated

95%

High-School Grad

7.6 sq mi

ZIP Area

979

Density / Sq Mi

$82,710

Median Household Income

$54,589

Median Earnings

$1,152

Median Rent

$240,500

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

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Former Research Facility

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Seven residential units accompany commercial space, with rear parking, basement storage, and a detached garage.

Where is this mixed-use property located?

The property is located at 55 S 2nd Street Coplay, PA.

What is the asking price?

The asking price for this property is $929,000.

What are key features of this property?

This property features: Seven apartments: six one‑bedroom units and one two‑bedroom unit; 5,854 square feet, including commercial space formerly used as a bar; C‑1 Commercial zoning