Building Details

Year Built 1850

Buildings 1

Stories 2

Listing Agency: BHHS Fox & Roach-Doylestown r***@foxroach.com Show Phone

Listed By: Linda Emerson · License #AB-048551-L Show Phone

Source: Cummingsrealtors

Added: Oct 25 Changed: Oct 29 Last Checked: Oct 28 at 8:29AM

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Investment Insights

Based on property information with market context.

This 3,239-square-foot, four-unit property in Coopersburg contains one two-bedroom apartment and three one-bedroom apartments. The building dates to 1850 and is arranged with two residences on the first floor and two on the second, reached by exterior stairs. Public water and sewer serve the property, and heating is natural gas. Paved parking and an open lot are also on site.

The property is near the Saucon Rail Trail. Current leases include both month-to-month and annual terms. Residents pay for electricity and internet; the landlord pays for heat, water, sewer, and trash.

Key Highlights

• Four apartments: one 2‑bedroom unit and three 1‑bedroom units
• 3,239 square feet; built in 1850
• Two first‑floor apartments and two second‑floor units with exterior stair access

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$21,665

Cap Rate

3.94%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$433,300 $433.3K

Cap Rate 7%

$309,500 $309.5K

Cap Rate 9%

$240,722 $240.7K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,239 SF

Gross rent

$33.4K $10.32/SF

− Vacancy

−$2.5K −$0.76/SF

EGI

$30.9K $9.56/SF

− OpEx

−$9.3K −$2.87/SF

NOI

$21.7K $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%

$433,300

Cap Rate 7%

$309,500

Cap Rate 9%

$240,722

Alternative Uses

Best Use

Multifamily LT 5

$309.5K

$270.8K – $361.1K (±1% cap)

NOI $21,665 @ 7.0% cap · market cap 3.94%

Second Best

Apartment 5plus

$270.3K

$236.5K – $315.4K (±1% cap)

NOI $18,922 @ 7.0% cap · market cap 3.44%

Theoretical Best

Mixed Use

$476.3K

$416.8K – $555.7K (±1% cap)

NOI $33,341 @ 7.0% cap · market cap 6.06%

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

Lease Details

4

Residential units

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

328

Businesses Nearby

Explore this area Business Placement

Demographics for 18036, PA

14,084

Population

6,099

Households

2.3

Avg Household Size

45

Median Age

45%

College-Educated

95%

High-School Grad

29.2 sq mi

ZIP Area

482

Density / Sq Mi

$124,211

Median Household Income

$61,998

Median Earnings

$1,121

Median Rent

$381,700

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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Frequently Asked Questions

What type of property is this?

Quadplex - Four apartments span two floors, with public water and sewer service and natural gas heat.

Where is this quadplex located?

The property is located at 705 TILGHMAN STREET Coopersburg, PA.

What is the asking price?

The asking price for this property is $550,000.

What are key features of this property?

This property features: Four apartments: one 2‑bedroom unit and three 1‑bedroom units; 3,239 square feet; built in 1850; Two first‑floor apartments and two second‑floor units with exterior stair access