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Property profile & analytics
OFF-MARKET Estimated value $875,000
Garden apartment buildings

305 Franklin St Nazareth, PA 18064-2943

9,852 SF 1.56 ac lot Built 2006
Entity Owned 17-yr Hold Free & Clear
Property ID
US73-2248354
Property profile
Verified
Property type Garden apartment buildings
Use group GARDEN APT, COURT APT (5+ UNITS)
Year built 2006
Total area 9,852 SF
Lot 1.56 ac (67,954 SF)
Zoning code R7
APN J7SE3C 10 7A 0421
UPID US73-2248354
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
by Request
CAP Approach CAP
$920k
Comparable Approach Comparable
$716k
Blend (final) Blend
$875k
Owner & transaction history
Orwig Property Mgmt Hh · 17 yrs held
Orwig Property Mgmt Hh
since 2008
3 recorded transactions
2008
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
R7 · Nazareth, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

§404. R-7 District; Medium Density Residential. The purpose of this zoning district is to create a medium density area where different housing needs can be satisfied by permitting a variety of housing types. This area is to minimize the intrusion of industrial and commercial uses beyond those, which presently exist. 1. Permitted Principal Uses. A. Single fam…

Zone name Medium Density Residential
General category RESIDENTIAL
Zone area 285.32 ac
Source CHAPTER 27 ZONING
Top alternative use upside
Retail stores $1.3M +62.2%
Restaurant $1.1M +37.3%
Auto repair, garage $1.0M +29.1%
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