25 W Ridge St Lansford, PA 18232
Estimated payment $2,477/month
Highlights
- Attached Garage
- Laundry Room
- Heating Available
- Brick or Stone Mason
About This Home
Unique opportunity to own a “solid as a fortress” tasteful building in the heart of Lansford, totally renovated as a desirable boutique sanctuary of 3 enormous oversized apartment homes for discerning residents who value urbane living aesthetics rarely found in this region. High ceilings, abundant natural light, elegant kitchens/baths in a quiet location. Secluded resident-only courtyard for outdoor relaxing/barbecuing. Separate electric for low landlord maintenance costs. Common areas/exterior lighting low cost LED, all on sensors. New coin-op washer/dryer. The lower level at grade space consists of 2 garages on lower level (1183sf) in 2 separated bays with 2 separate doors that can accommodate 4+ vehicles, in addition to a workshop/office area (546 sf) - with separate electric and 1/2 bath. Price improved for a 11.2% un-leveraged cap rate for a turn-key ownership experience as a safe-haven investment during market uncertainties. Property is being actively marketed with 4 rental units, with conservative underwriting/assessment of tenant qualifications. 3 b/r now leased at $1,550/mo.; 1 b/r leased at $950 - both to highly qualified tenants. Astute investors may find these applicable Warren Buffett-isms worth considering: (a) better to buy quality assets at a fair price than buying junk cheaply and (b) the value is remembered long after the price is forgotten.
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $4,146
Home Design
- Brick or Stone Mason
Interior Spaces
- 4,093 Sq Ft Home
- 3-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 6 Bedrooms
Parking
- Attached Garage
- On-Street Parking
Utilities
- Heating Available
Community Details
Overview
- 4 Units
Building Details
- Electric Expense $600
- Insurance Expense $3,322
- Maintenance Expense $1
- Water Sewer Expense $1,720
- Operating Expense $10,507
- Gross Income $58,200
- Net Operating Income $47,693
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $3,924 | $36,050 | $4,350 | $31,700 |
| 2024 | $4,124 | $36,050 | $4,350 | $31,700 |
| 2023 | $4,097 | $36,050 | $4,350 | $31,700 |
| 2022 | $4,129 | $36,050 | $4,350 | $31,700 |
| 2021 | $4,129 | $36,050 | $4,350 | $31,700 |
| 2020 | $4,066 | $36,050 | $4,350 | $31,700 |
| 2019 | $3,867 | $36,050 | $4,350 | $31,700 |
| 2018 | $3,831 | $36,050 | $4,350 | $31,700 |
| 2017 | $3,784 | $36,050 | $4,350 | $31,700 |
| 2016 | -- | $36,050 | $4,350 | $31,700 |
| 2015 | -- | $36,050 | $4,350 | $31,700 |
| 2014 | -- | $36,050 | $4,350 | $31,700 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/08/2025 09/08/25 | For Sale | $399,900 | +100.0% | $98 / Sq Ft |
| 07/26/2024 07/26/24 | Sold | $200,000 | -4.7% | $43 / Sq Ft |
| 07/01/2024 07/01/24 | Pending | -- | -- | -- |
| 06/12/2024 06/12/24 | Price Changed | $209,900 | -6.7% | $45 / Sq Ft |
| 03/13/2024 03/13/24 | Price Changed | $224,900 | -4.3% | $49 / Sq Ft |
| 01/18/2024 01/18/24 | For Sale | $235,000 | -- | $51 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $200,000 | Imagine Abstract | |
| Deed | $175,000 | None Listed On Document | |
| Deed | $15,500 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $165,000 | New Conventional | |
| Open | $241,500 | New Conventional | |
| Previous Owner | $140,000 | Credit Line Revolving |
Source: Greater Lehigh Valley REALTORS®
MLS Number: 764380
APN: 122A2-24-B10
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