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For sale
  • $495,000

    500 W Pennsylvania Ave, Pen Argyl, PA 18072

    7beds
    2,745sqft
    : 
    Duplex, Multi Family, Multi Family, Apartment, Single Family Residence
    Built in 1900
    -- sqft lot
    $-- Zestimate®
    $180/sqft
    $-- HOA

    What's special

    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.
    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#: 759214MLS LogoOriginating MLS: Lehigh Valley MLS
    Travel times

    Tour with a buyer's agent

    We'll find a local expert to take you on a private tour of 500 W Pennsylvania Ave.

    Next available tour time:Tomorrow at 10am

    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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