4-Unit Apartment
For Sale
$389,999
835 North 1st Street 4, Lehighton, PA 18235
The four-unit property was built in 1935 and is located in Mahoning Township, Pennsylvania.
Property Size2,408 SF
Days on Market8
Property Features for 835 North 1st Street 4
General Information
Standard status
Active
Size
2,408 SF
Property subtype
Investment
Additional Details
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$2,680
Building Details
Building Size
2,408 SF
Year Built
1935
Buildings
1
Listing Agency:
Gene Durigan Real Estate
Listed By:
Nick Heist · License #RS283597
(610) 377-4488
Source:
Bhhspaulfordrealtors
Added: Oct 6
Changed: Oct 13
Last Checked: Oct 13 at 2:24AM
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 Gene Durigan Real Estate
Investment Insights
Based on property information with market context.
This 4-unit apartment building was constructed in 1935 and is located at 835 North 1st Street in Mahoning Township, Pennsylvania. Its four-unit configuration is the principal property detail provided.
The property information places the building near Jim Thorpe and notes regional access to the Lehigh River, the D&L Trail, and Beltzville Lake State Park. It also describes proximity to outdoor recreation, including skiing and snowboarding, and to major travel routes. No specific distances or route designations are provided.
The property information places the building near Jim Thorpe and notes regional access to the Lehigh River, the D&L Trail, and Beltzville Lake State Park. It also describes proximity to outdoor recreation, including skiing and snowboarding, and to major travel routes. No specific distances or route designations are provided.
Key Highlights
- Four‑unit apartment building
- Built in 1935
- Located at 835 North 1st Street in Mahoning Township, PA
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,259
Cap Rate
6.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$505,180
$505.2K
Cap Rate 7%
$360,843
$360.8K
Cap Rate 9%
$280,656
$280.7K
Market Conditions
NOI Build-Up for 2,408 SF
Gross rent
$39.0K $16.20/SF
− Vacancy
−$2.9K −$1.22/SF
EGI
$36.1K $14.99/SF
− OpEx
−$10.8K −$4.50/SF
NOI
$25.3K $10.49/SF
Area
Carbon County, PA
Vacancy
7.50%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$505,180
Cap Rate 7%
$360,843
Cap Rate 9%
$280,656
Alternative Uses
Best Use
Multifamily LT 5
$360.8K
$315.7K – $421.0K
NOI $25,259 @ 7.0% cap · market cap 6.48%
Second Best
Apartment 5plus
$317.4K
$277.7K – $370.3K
NOI $22,218 @ 7.0% cap · market cap 5.70%
Theoretical Best
Specialty Retail
$473.1K
$413.9K – $551.9K
NOI $33,115 @ 7.0% cap · market cap 8.49%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
88
Businesses Nearby
Explore this area
Business Placement
Demographics for 18235, PA
19,139
Population
8,796
Households
2.2
Avg Household Size
47
Median Age
19%
College-Educated
89%
High-School Grad
86.9 sq mi
ZIP Area
220
Density / Sq Mi
$72,626
Median Household Income
$44,418
Median Earnings
$1,003
Median Rent
$218,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Quadplex - The four-unit property was built in 1935 and is located in Mahoning Township, Pennsylvania.
Where is this quadplex located?
The property is located at 835 North 1st Street 4 Lehighton, PA.
What is the asking price?
The asking price for this property is $389,999.
What are key features of this property?
This property features: Four‑unit apartment building; Built in 1935; Located at 835 North 1st Street in Mahoning Township, PA
