4-Unit Investment Property | Fully Occupied | $56K+ Annual Income
Fantastic opportunity to own a fully leased 4-unit multifamily property in the heart of Pen Argyl Borough. This well-maintained asset offers a mix of 1- 2- and 3 bedroom units with long-term tenants in place, providing strong and stable cash flow from day one.
Built in 1900, this detached building offers 2,257 square feet of rentable space. All utilities are paid by tenants through RUBS (Ratio Utility Billing System), keeping operating costs low. The property produces a gross annual income of $56,535, with a net income of $42,221 and total expenses of just $14,314, including taxes, insurance, management, and minimal owner-paid utilities.
This property is currently under professional management and the management company is offering an incentive to the future buyer if management is continued. Offering Memorandum available upon request.
For sale
$495,000
500 W Pennsylvania Ave, Pen Argyl, PA 18072
7beds
2,745sqft
Est.:
Duplex, Multi Family, Multi Family, Apartment, Single Family Residence
Built in 1900
-- sqft lot
$-- Zestimate®
$180/sqft
$-- HOA
What's special
- 32 days
- on Zillow |
- 494 |
- 24 |
Zillow last checked: 7 hours ago
Listing updated: June 20, 2025 at 10:10pm
Listed by:
Frank J. Renaldi, Jr.,
CENTURY 21 Pinnacle 610-691-0535
Source: GLVR,MLS#: 759214
Originating MLS: Lehigh Valley MLS

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Baseboard, Electric
Cooling
- None
Interior area
- Total interior livable area: 2,745 sqft
Property
Parking
- Parking features: No Garage, On Street
- Has uncovered spaces: Yes
Features
- Stories: 2
Lot
- Size: 6,098.4 Square Feet
Details
- Parcel number: E8NE1C 4 12 0625
- Zoning: R7
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Duplex, Multi Family, Multi Family, Apartment, Single Family Residence
Materials
- Vinyl Siding
Condition
- Year built: 1900
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: Not in Development
Location
- Region: Pen Argyl
Financial & listing details
- Price per square foot: $180/sqft
- Tax assessed value: $52,200
- Annual tax amount: $4,207
- Date on market: 6/17/2025
- Listing terms: Cash,Conventional
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