Updated Four-Unit
New
For Sale
$619,900
662 Main Street, Slatington, PA 18080
Well-maintained income property with renovated kitchens, bathrooms, and LVP flooring, plus a daycare occupant on the first floor.
Property Size5,614 SF
Days on Market7
Property Features for 662 Main Street
General Information
Standard status
Active
Size
5,614 SF
Property subtype
Apartment
Net Operating Income
$63,542
Financials
Cap Rate
9.77%
Gross Income
$78,600
Additional Details
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$7,208
Building Details
Building Size
5,614 SF
Year Built
1900
Listing Agency:
RE/MAX Real Estate
(610) 770-9000
Listed By:
Bob Susko Jr.
Source:
Bhhspaulfordrealtors
Added: Jul 29
Changed: Aug 4
Last Checked: Aug 4 at 4:19AM
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 RE/MAX Real Estate
Investment Insights
Based on property information with market context.
This four-unit residential income property dates to 1900 and has received substantial updates, including a newer roof, refreshed kitchens and bathrooms, and LVP flooring across most of the building. A daycare occupies the first floor, while the property maintains an income-producing configuration with a 9.77% cap rate.
Off-street parking serves the building, with additional free public parking nearby for tenants and visitors. The property is positioned in downtown Slatington Boro at 662 Main Street, within walking distance of restaurants, shops, and everyday conveniences. Further operational possibilities identified for the property include adding on-site laundry, developing storage income, and expanding existing units, subject to feasibility and applicable approvals.
Off-street parking serves the building, with additional free public parking nearby for tenants and visitors. The property is positioned in downtown Slatington Boro at 662 Main Street, within walking distance of restaurants, shops, and everyday conveniences. Further operational possibilities identified for the property include adding on-site laundry, developing storage income, and expanding existing units, subject to feasibility and applicable approvals.
Key Highlights
- Four‑unit residential income property built in 1900
- 9.77% cap rate
- Updated roof, kitchens, bathrooms, and LVP flooring
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $57.9k | $10.32 |
| − Vacancy | −$4.3k | −$0.76 |
| EGI | $53.6k | $9.56 |
| − OpEx | −$16.1k | −$2.87 |
| NOI | $37.6k | $6.69 |
5,614 SF · lease $10.32/SF/yr · vacancy 7.41% · expense 30.00%
Alternative Uses
Best Use
Mixed Use
$825.6K
$722.4K – $963.2K
NOI $57,789 @ 7.0% cap · market cap 9.32%
Second Best
Multifamily LT 5
$536.4K
$469.4K – $625.8K
NOI $37,550 @ 7.0% cap · market cap 6.06%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
292
Businesses Nearby
Explore this area
Business Placement
Demographics for 18080, PA
11,454
Population
4,947
Households
2.3
Avg Household Size
45
Median Age
20%
College-Educated
91%
High-School Grad
30.2 sq mi
ZIP Area
379
Density / Sq Mi
$73,947
Median Household Income
$47,723
Median Earnings
$808
Median Rent
$254,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Well-maintained income property with renovated kitchens, bathrooms, and LVP flooring, plus a daycare occupant on the first floor.
Where is this quadplex located?
The property is located at 662 Main Street Slatington, PA.
What is the asking price?
The asking price for this property is $619,900.
What are key features of this property?
This property features: Four‑unit residential income property built in 1900; 9.77% cap rate; Updated roof, kitchens, bathrooms, and LVP flooring
