35 E Ridge St Lansford, PA 18232
Lansford AreaEstimated payment $2,358/month
About This Home
Fully occupied five-unit investment property generating $45,600 in gross income and $31,070 in net income. The asset offers a strong value-add opportunity in the growing Lansford market, with stable in-place income and clear upside upon stabilization. Tenants are responsible for their own electric and heat, while landlord responsibilities are limited to water/sewer and trash, creating a simple and efficient structure for new owner. The property also features a roof that is only two years old, helping reduce near-term capital concerns. Additional value is supported by a six-car garage, offering potential for added rental income and improved overall cash flow. With full occupancy, low landlord utility exposure, garage income potential, and a growing rental location, this property is well suited for investors seeking a value-add multifamily asset with the opportunity to become a strong cash-flowing investment upon stabilization.
Property Details
Home Type
- Apartment
Est. Annual Taxes
- $5,327
Year Built
- Built in 1914
Parking
- Off-Street Parking
Home Design
- Brick or Stone Mason
Bedrooms and Bathrooms
- 5 Bedrooms
- 5 Full Bathrooms
Additional Features
- 2-Story Property
- 3,920 Sq Ft Lot
- Heating Available
Community Details
Overview
- 5 Units
Building Details
- Electric Expense $293
- Insurance Expense $2,800
- Maintenance Expense $1,368
- Water Sewer Expense $2,242
- Operating Expense $14,530
- Gross Income $45,600
- Net Operating Income $31,070
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
|---|---|---|---|---|
| 2026 | $5,202 | $44,732 | $4,300 | $40,432 |
| 2025 | $4,869 | $44,732 | $4,300 | $40,432 |
| 2024 | $4,347 | $38,000 | $4,300 | $33,700 |
| 2023 | $4,319 | $38,000 | $4,300 | $33,700 |
| 2022 | $4,352 | $38,000 | $4,300 | $33,700 |
| 2021 | $4,352 | $38,000 | $4,300 | $33,700 |
| 2020 | $4,286 | $38,000 | $4,300 | $33,700 |
| 2019 | $4,077 | $38,000 | $4,300 | $33,700 |
| 2018 | $4,039 | $38,000 | $4,300 | $33,700 |
| 2017 | $3,989 | $38,000 | $4,300 | $33,700 |
| 2016 | -- | $38,000 | $4,300 | $33,700 |
| 2015 | -- | $38,000 | $4,300 | $33,700 |
| 2014 | -- | $38,000 | $4,300 | $33,700 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 06/09/2026 06/09/26 | For Sale | $349,000 | -- | -- |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $225,000 | Parkland Abstract | |
| Deed | $78,500 | -- |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $240,000 | New Conventional | |
| Closed | $225,000 | New Conventional | |
| Previous Owner | $108,800 | Credit Line Revolving |
Source: Greater Lehigh Valley REALTORS®
MLS Number: 777054
APN: 122A2-24-C17
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