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Property profile & analytics
OFF-MARKET Estimated value $1,500,000
Garden apartment buildings

368 Madison Ave Nazareth, PA 18064-2616

29,740 SF 0.61 ac lot Built 2001
Individually Owned 4-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US73-0384782
Property profile
Verified
Property type Garden apartment buildings
Use group GARDEN APT, COURT APT (5+ UNITS)
Year built 2001
Total area 29,740 SF
Lot 0.61 ac (26,700 SF)
Zoning code R7
APN J7SE4B 9 24 0421
UPID US73-0384782
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
  • Nazareth Senior Apartments Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.66M
Blend (final) Blend
$1.50M
Owner & transaction history
Nazareth Senior Apartments Associat · 4 yrs held
Nazareth Senior Apartments Associat
since 2022
4 recorded transactions
2022
Price N/A
1969
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
Industrial (general) $2.4M +0.4%
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