Mixed-Use Property with Office
For Sale
$675,000
656 Main Street, Hellertown, PA 18055
Four income-producing spaces combine commercial offices and apartments, with shared tenant parking and basement storage.
Property Size4,176 SF
Price / SF$161.64
Days on Market11
Property Features for 656 Main Street
General Information
Standard status
Active
Size
4,176 SF
Property subtype
Residential Income
Zoning
15TC
Occupancy
100%
Units
Unit Mix
1 x 2BR, 1 x 1BR
Multifamily Units
2
Office Units
2
Additional Details
Condition
Turnkey
Road Access
Yes
Tenant in Place
Yes
Property Use
Mixed-Use
Taxes and HOA fees
Annual Taxes
$5,651
Amenities
basement storage
1
true
3
Public
5900
5
0.135
Building Details
Year Built
1800
Buildings
1
Tenancy
Multi
Listing Agency:
House & Land Real Estate
(908) 224-5438
Listed By:
Teresa Trigas-Pfefferle
Source:
Haven
Added: Oct 21
Changed: Oct 28
Last Checked: Oct 28 at 4:12PM
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 House & Land Real Estate
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Investment Insights
Based on property information with market context.
The 4,176-square-foot mixed-use building contains four units: two commercial office spaces on the ground floor, a two-bedroom apartment, and a one-bedroom apartment. The property is fully occupied, and the commercial leases run through 2030. Basement storage and shared on-site parking serve the tenants. The building dates to 1800 and is zoned 15TC.
Located at 656 Main Street in Hellertown Boro, the property brings together commercial and residential occupancy at a Main Street address.
Located at 656 Main Street in Hellertown Boro, the property brings together commercial and residential occupancy at a Main Street address.
Key Highlights
- Four units: two first‑floor offices, one 2‑bedroom apartment, and one 1‑bedroom apartment
- 4,176 square feet; fully occupied
- Commercial lease terms extend through 2030
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,316
Cap Rate
6.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$866,320
$866.3K
Cap Rate 7%
$618,800
$618.8K
Cap Rate 9%
$481,289
$481.3K
Market Conditions
NOI Build-Up for 4,176 SF
Gross rent
$62.6K $15.00/SF
− Vacancy
−$4.9K −$1.17/SF
EGI
$57.8K $13.83/SF
− OpEx
−$14.4K −$3.46/SF
NOI
$43.3K $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 Rate 5%
$866,320
Cap Rate 7%
$618,800
Cap Rate 9%
$481,289
Alternative Uses
Best Use
Office B
$618.8K
$541.5K – $721.9K
NOI $43,316 @ 7.0% cap · market cap 6.42%
Second Best
Mixed Use
$604.0K
$528.5K – $704.7K
NOI $42,282 @ 7.0% cap · market cap 6.26%
Theoretical Best
Office A
$792.1K
$693.1K – $924.1K
NOI $55,444 @ 7.0% cap · market cap 8.21%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Current Use
Lease Details
2
Office units
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
477
Businesses Nearby
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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
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Four income-producing spaces combine commercial offices and apartments, with shared tenant parking and basement storage.
Where is this mixed-use property located?
The property is located at 656 Main Street Hellertown, PA.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: Four units: two first‑floor offices, one 2‑bedroom apartment, and one 1‑bedroom apartment; 4,176 square feet; fully occupied; Commercial lease terms extend through 2030
