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Property profile & analytics
OFF-MARKET
Estimated value
$570,000
Apartment buildings
3 2nd St Catasauqua, PA 18032-1974
Individually Owned
5-yr Hold
~
Est. High Equity
Property ID
US73-0972698
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1895
Construction
BRICK
Total area
4,964 SF
Lot
0.43 ac (18,774 SF)
Zoning code
R2
APN
640817986431-1
UPID
US73-0972698
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$710k
CAP Approach
CAP
$445k
Comparable Approach
Comparable
$601k
Blend (final)
Blend
$570k
Owner & transaction history
Michael Tanous · 5 yrs held
Michael Tanous
since 2020
Last sale
$550,000
3 recorded transactions
Zoning & alternative use
R2 · Catasauqua, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
R-2 Medium Density Residential District: To provide for medium density residential neighborhoods; to protect these areas from incompatible uses; to encourage "one home on one lot" (which may be attached to another home) in order to promote home ownership and neighborhood stability; to make sure that "infill" development is consistent with neighboring develop…
Zone name
Medium Density Residential
General category
RESIDENTIAL
Zone area
371.67 ac
Top alternative use upside
Auto repair, garage
$805,000
+53.0%
Office building
$740,000
+40.5%
Commercial (general)
$665,000
+26.6%
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
$720,000
ML approach
$710,000
CAP Approach
CAP Return
Estimation
6%
$485,000
6.5%
$445,000
7%
$415,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$525,000
Current use
AUTO REPAIR, GARAGE
$805,000
Change: +53% · Conversion: Difficult
OFFICE BUILDING
$740,000
Change: +41% · Conversion: Moderate
COMMERCIAL (GENERAL)
$665,000
Change: +27% · Conversion: Moderate
RETAIL STORES
$605,000
Change: +15% · Conversion: Difficult
WAREHOUSE, STORAGE
$475,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$570k
Range $513k – $627k · ±10% · vs last sale $550k (Aug 17 2020)
Last sale anchor
$550k
Aug 17 2020
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
$115 / 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
$13,985
Tax year 2024
Assessed value
$353,300
Assessed 2024
Previous assessed
$353,300
+0.0% YoY
Effective rate
3.96%
On assessed value
Assessed land
$52,800
Assessed improvement
$300,500
Land market value
$52,800
Improvement market value
$300,500
Total market value
$353,300
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1895
Construction
BRICK
Heating
BASEBOARD
Buildings
2
Stories
3
Units
8
Rooms
18
Bathrooms
8
Total area
4,964 SF
Lot
0.43 ac (18,774 SF)
Zoning code
R2
APN
640817986431-1
UPID
US73-0972698
Jurisdiction
LEHIGH
Zoning & alternative use
R2 · Catasauqua, PAZoning R2 · permitted uses
R2 · Catasauqua, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
R-2 Medium Density Residential District: To provide for medium density residential neighborhoods; to protect these areas from incompatible uses; to encourage "one home on one lot" (which may be attached to another home) in order to promote home ownership and neighborhood stability; to make sure that "infill" development is consistent with neighboring development. (3)
Zone name
Medium Density Residential
General category
RESIDENTIAL
Zone area
371.67 ac
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$525,000
AUTO REPAIR, GARAGE
Est. value
$805,000
OFFICE BUILDING
Est. value
$740,000
COMMERCIAL (GENERAL)
Est. value
$665,000
RETAIL STORES
Est. value
$605,000
WAREHOUSE, STORAGE
Est. value
$475,000
APARTMENT HOUSE (5+ UNITS) Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
COMMERCIAL (GENERAL)
RETAIL STORES
WAREHOUSE, STORAGE
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
1895
Construction
BRICK
Heating
BASEBOARD
Stories
3
Buildings
2
Units
8
Rooms
18
Bathrooms
8
Lot
0.43 ac
Current owner
From public records · entity-resolved
Michael Tanous
Individual
Mailing address
26 FREDERICK ST, MOONACHIE, NJ 07074-1135
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 17, 2020
$550,000
Michael Tanous
Bonita Schaefer
Deed
$412,500 · First National Bank Of Pennsylvania
Jul 23, 2020
—
Department Of Transportation 64
John A Deblasio
Grant Deed
related
—
Mar 14, 2016
—
John A Deblasio
Podleszek Carmela C Trust
Quit Claim Deed
related
—
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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