12%+ CAP @ asking, Projected $83,100 Gross Income, $70,836 Net Actual 71k gross 56k Net. The 48-50 E Ridge Apartments feature four residential units and two commercial storefronts including main street staple, Bruch Eye Care Associates. Multiple units have been renovated with some new appliances, fresh paint, new carpet, new hardwood, and new kitchens. There are three 2BR/1BA units and one spacious 1BR/1BA. This property has stunning curb appeal and is located next to a BRAND NEW St. Luke's Hospital Facility as well as many other main street businesses. This property can be purchased individually or along with 30 other units being sold by the same seller, including 106 Ridge (6 units), 9 Ridge (9 Units), 214 216 Ridge (4 Units), and three additional parcels.
Sold for $460,000
$460,000
48-50 W Ridge St, Lansford, PA 18232
8beds
2,500sqft
Multi Family, Apartment
Built in 1900
-- sqft lot
$455,600 Zestimate®
$184/sqft
$997 Estimated rent
Home value
$455,600
$405,000 - $510,000
$997/mo
Zestimate® history
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What's special
Zillow last checked: 8 hours ago
Listing updated: December 22, 2023 at 06:30pm
Listed by:
Joshua Schoenberger 888-397-7352,
EXP Realty LLC
Bought with:
Joshua Schoenberger, RS341739
EXP Realty LLC
Source: GLVR,MLS#: 722203
Originating MLS: Lehigh Valley MLS
Originating MLS: Lehigh Valley MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 6
- Full bathrooms: 4
- 1/2 bathrooms: 2
Heating
- Baseboard
Cooling
- Wall/Window Unit(s)
Interior area
- Total interior livable area: 2,500 sqft
Property
Parking
- Parking features: None
Features
- Stories: 3
Lot
- Size: 3,049 sqft
Details
- Parcel number: 122A224B30
- Zoning: commercial
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family, Apartment
Materials
- Brick, Stone, Vinyl Siding
Condition
- Unknown
- Year built: 1900
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Lansford
- Subdivision: No Subdivision
Other
Other facts
- Listing terms: Cash,Conventional
Price history
| Date | Event | Price |
|---|---|---|
| 12/22/2023 | Sold | $460,000-16.4%$184/sqft |
Source:  GLVR #722203 Report a problem | ||
| 9/23/2023 | Pending sale | $550,000$220/sqft |
Source: GLVR #722203 Report a problem | ||
| 8/11/2023 | Listed for sale | $550,000+158.8%$220/sqft |
Source: GLVR #722203 Report a problem | ||
| 7/17/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 6/26/2023 | Listed for rent | $1,100 |
Source: Zillow Rentals Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $5,138 +1.7% | $44,179 |
| 2024 | $5,054 +103.1% | $44,179 +101.8% |
| 2023 | $2,489 -0.8% | $21,897 |
Find assessor info on the county website
Neighborhood: 18232
Nearby schools
GreatSchools rating
- 2/10Panther Valley El SchoolGrades: K-3Distance: 4.6 mi
- 3/10Panther Valley Junior-Senior High SchoolGrades: 7-12Distance: 2 mi
Schools provided by the listing agent
- District: Panther Valley
Source: GLVR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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