Historic Stone Mixed-Use
For Sale
$1,200,000
605 Main Street, Hellertown, PA 18055
CommercialSale, Hellertown Boro, PA
Property Size9,533 SF
Lot Size0.19 Acres
Price / SF$125.88
Days on Market9
Property Features for 605 Main Street
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning
15TC
Parking
10
Parking features
Parking Lot, Off Street, On Street
Elementary school district
Saucon Valley
Middle school district
Saucon Valley
High school district
Saucon Valley
Directions
I 78 to Hellertown exit; go left on Main St. Property on the left.
Subdivision
Hellertown
Standard status
Active
APN
Q7SW2D 9 4A 0715
Size
9,533 SF
Lot size
0.19 Acres
Taxes and HOA fees
Tax Annual Amount
12274
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating)
Cooling system
Ceiling Fan(s), Wall Unit(s), Window Unit(s)
Water source
Public
Amenities
pool table
game space
outdoor patio
Building Details
Year built
1889
Building materials
Masonry, Stone
Listing Agency:
Howard Hanna TheFrederickGroup
(610) 398-0411
Listed By:
Marina Gabunia · License #PA347078
(484) 201-9878
Added: Aug 13
Changed: Aug 19
Last Checked: Aug 21 at 10:06PM
MLS# 782695
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.
Built in 1889, this 9,533-square-foot masonry and stone mixed-use property combines a renovated first-floor restaurant with five renovated residential apartments above. The commercial level includes a separate dining area, pool table, game space, and an outdoor patio designed for dining and entertainment. The restaurant is operating and is subject to a 5-year lease, while the apartments are fully occupied. The property is 100% rented and carries a 7% cap rate.
Set on 0.193 acres along Main Street in Hellertown Boro, the property includes a dedicated parking lot along with on-street and off-street parking. Public water and public sewer serve the site. Access to Route 78, Bethlehem, and surrounding Lehigh Valley markets is noted in the property information. Zoning is 15TC.
Set on 0.193 acres along Main Street in Hellertown Boro, the property includes a dedicated parking lot along with on-street and off-street parking. Public water and public sewer serve the site. Access to Route 78, Bethlehem, and surrounding Lehigh Valley markets is noted in the property information. Zoning is 15TC.
Key Highlights
- 9,533‑square‑foot mixed‑use property built in 1889
- Five renovated residential apartments, all fully occupied
- Operating restaurant with separate dining, game space, and pool table
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$98,881
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.24%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,977,620
$2.0M
Cap Rate 7%
$1,412,586
$1.4M
Cap Rate 9%
$1,098,678
$1.1M
Market Conditions
NOI Build-Up for 9,533 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$143.0K $15.00/SF
− Vacancy
−$11.2K −$1.17/SF
EGI
$131.8K $13.83/SF
− OpEx
−$33.0K −$3.46/SF
NOI
$98.9K $10.37/SF
Area
Northampton County, PA
Vacancy
7.80%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,977,620
Cap Rate 7%
$1,412,586
Cap Rate 9%
$1,098,678
Alternative Uses
Best Use
Specialty Retail
$1.41M
$1.24M – $1.65M
NOI $98,881 @ 7.0% cap · market cap 8.24%
Second Best
Mixed Use
$1.38M
$1.21M – $1.61M
NOI $96,522 @ 7.0% cap · market cap 8.04%
Theoretical Best
Office A
$1.81M
$1.58M – $2.11M
NOI $126,568 @ 7.0% cap · market cap 10.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
5
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
421
Businesses Nearby
Explore this area
Business Placement
Demographics for 18055, PA
12,077
Population
4,946
Households
2.4
Avg Household Size
46
Median Age
39%
College-Educated
95%
High-School Grad
20.0 sq mi
ZIP Area
604
Density / Sq Mi
$90,087
Median Household Income
$52,690
Median Earnings
$1,273
Median Rent
$293,800
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Renovated restaurant space, five occupied apartments, patio, and on-site parking support a diversified property configuration.
Where is this mixed-use property located?
The property is located at 605 Main Street Hellertown, PA.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 9,533‑square‑foot mixed‑use property built in 1889; Five renovated residential apartments, all fully occupied; Operating restaurant with separate dining, game space, and pool table
