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Property profile & analytics
OFF-MARKET
Estimated value
$2,000,000
High-rise multifamily apartments
950 Frnt St Hellertown, PA 18055-1598
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US73-1669756
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
1997
Total area
35,544 SF
Lot
0.96 ac (41,818 SF)
Zoning code
I
APN
Q7SW2A 1 7 0715E
UPID
US73-1669756
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
by Request
Comparable Approach
Comparable
$2.53M
Blend (final)
Blend
$2.00M
Owner & transaction history
Housing Authority Of Lehigh Cnty · 13 yrs held
Housing Authority Of Lehigh Cnty
since 2013
4 recorded transactions
Zoning & alternative use
I · Hellertown, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
§ 450-8 Classes of districts. § 450-9 District boundaries. § 450-9.1 Conditional uses. § 450-10 R-1 Residential. § 450-11 R-2 Residential. § 450-12 M Mixed. § 450-13 TC Town Center. § 450-14 SC Shopping Center. § 450-15 I Industrial. § 450-16 C Conservation. § 450-17 HC Highway Commercial District. § 450-17.1 Flexible Redevelopment Overlay District. § 450-17…
Zone name
Industrial
General category
INDUSTRIAL
Zone area
29.70 ac
Top alternative use upside
Industrial (general)
$2.9M
+0.4%
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 Hellertown submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hellertown 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$2,900,000
Current use
INDUSTRIAL (GENERAL)
$2,910,000
Change: +0% · Conversion: Difficult
Blend value · Realmo final
$2.00M
Range $1.80M – $2.20M · ±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
$56 / 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
$55,688
Tax year 2024
Assessed value
$640,400
Assessed 2024
Previous assessed
$640,400
+0.0% YoY
Effective rate
8.70%
On assessed value
Assessed land
$93,600
Assessed improvement
$546,800
Land market value
$187,200
Improvement market value
$1,093,600
Total market value
$1,280,800
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
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Status
Off-Market
Year built
1997
Heating
YES
Cooling
CENTRAL
Stories
1
Units
47
Rooms
1
Total area
35,544 SF
Lot
0.96 ac (41,818 SF)
Zoning code
I
APN
Q7SW2A 1 7 0715E
UPID
US73-1669756
Jurisdiction
NORTHAMPTON
Zoning & alternative use
I · Hellertown, PAZoning I · permitted uses
I · Hellertown, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
§ 450-8 Classes of districts. § 450-9 District boundaries. § 450-9.1 Conditional uses. § 450-10 R-1 Residential. § 450-11 R-2 Residential. § 450-12 M Mixed. § 450-13 TC Town Center. § 450-14 SC Shopping Center. § 450-15 I Industrial. § 450-16 C Conservation. § 450-17 HC Highway Commercial District. § 450-17.1 Flexible Redevelopment Overlay District. § 450-17.2 TrOO Trail Oriented Overlay District. Article V Supplementary Regulations § 45
Zone name
Industrial
General category
INDUSTRIAL
Zone area
29.70 ac
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$2.9M
INDUSTRIAL (GENERAL)
Est. value
$2.9M
APARTMENT HOUSE (5+ UNITS) Current
INDUSTRIAL (GENERAL)
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
1997
Heating
YES
Cooling
Yes
Stories
1
Units
47
Rooms
1
Lot
0.96 ac
Current owner
From public records · entity-resolved
Housing Authority Of Lehigh Cnty
Entity
Mailing address
635 BROAD ST, EMMAUS, PA 18049-3722
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 12, 2013
$1,600,000
Housing Authority Of Lehigh Cnty
Hellertown Elderly Apartments
Trustees Deed
$1,300,000 · Lafayette Ambassador Bank
—
—
Housing Authority Of Lehigh Cnty
—
Loan Modification
$168,000 · Pnc Bank
—
—
Hellertown Elderly Apartments
—
Deed Of Trust
related
$673,525 · Valley Housing Dev Corp
—
—
Hellertown Elderly Apartments
—
Deed Of Trust
related
$1,390,000 · Pnc 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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