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Property profile & analytics
OFF-MARKET
Estimated value
$2,110,000
Garden apartment buildings
1010 6th St, Catasauqua, PA 18032-2207
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US73-1893368
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
2009
Total area
26,466 SF
Lot
0.31 ac (13,321 SF)
Zoning code
R2
APN
M4SE4C 4 2 0923
UPID
US73-1893368
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Creem Law Offices Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.48M
Comparable Approach
Comparable
$1.94M
Blend (final)
Blend
$2.11M
Owner & transaction history
Mountain Equities Development II Ll · 9 yrs held
Mountain Equities Development II Ll
since 2016
2 recorded transactions
Zoning & alternative use
R2 · Catasauqua, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$3.5M
+25.0%
Restaurant
$3.0M
+5.8%
Commercial (general)
$2.9M
+5.2%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Catasauqua submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Catasauqua submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,685,000
6.5%
$2,480,000
7%
$2,300,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$2,800,000
Current use
RETAIL STORES
$3,500,000
Change: +25% · Conversion: Difficult
RESTAURANT
$2,965,000
Change: +6% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,945,000
Change: +5% · Conversion: Moderate
AUTO REPAIR, GARAGE
$2,785,000
Change: -1% · Conversion: Difficult
Blend value · Realmo final
$2.11M
Range $1.90M – $2.32M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$80 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$33,246
Tax year 2024
Assessed value
$398,600
Assessed 2024
Previous assessed
$398,600
+0.0% YoY
Effective rate
8.34%
On assessed value
Assessed land
$17,400
Assessed improvement
$381,200
Land market value
$34,800
Improvement market value
$762,400
Total market value
$797,200
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Status
Off-Market
Year built
2009
Heating
YES
Cooling
CENTRAL
Stories
1
Units
12
Rooms
1
Total area
26,466 SF
Lot
0.31 ac (13,321 SF)
Zoning code
R2
APN
M4SE4C 4 2 0923
UPID
US73-1893368
Jurisdiction
NORTHAMPTON
Zoning & alternative use
R2 · Catasauqua, PA
Zoning R2 · permitted uses
R2 · Catasauqua, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Catasauqua. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$2.8M
RETAIL STORES
Est. value
$3.5M
RESTAURANT
Est. value
$3.0M
COMMERCIAL (GENERAL)
Est. value
$2.9M
AUTO REPAIR, GARAGE
Est. value
$2.8M
APARTMENT HOUSE (5+ UNITS) Current
RETAIL STORES
RESTAURANT
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2009
Heating
YES
Cooling
Yes
Stories
1
Units
12
Rooms
1
Lot
0.31 ac
Current owner
From public records · entity-resolved
Mountain Equities Development II Ll
Entity
Mailing address
PO BOX 485, PITTSTOWN, NJ 08867-0485
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 24, 2016
—
Mountain Equities Development II Ll
—
Deed
related
$1,200,000 · People First FCU
—
—
Mountain Equities Dev II LLC
—
Deed Of Trust
related
$900,000 · Lafayette Ambassador Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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