424 E Broad St Tamaqua, PA 18252
Estimated payment $2,785/month
About This Home
An exceptional turnkey investment in the heart of Tamaqua’s desirable Broad Street corridor, this fully occupied 4-unit apartment building generates a Gross Income of $61,500 and a Net Operating Income of $53,603, delivering an impressive 11% cap rate at asking. The property consists entirely of four spacious 2BR/1BA units, appealing to working professionals and small families alike. With strong tenant demand and stabilized occupancy, this is a rare cash-flowing opportunity in a competitive rental market.
Ownership has completed significant updates to maximize longevity, reduce maintenance, and attract quality tenants. Upgrades include new windows, flooring, and electrical systems, as well as renovated kitchens and baths. Two units feature brand-new stainless steel appliances, adding value and marketability. These modern improvements, combined with solid construction, make the property a durable, low-risk acquisition.
Tenants are responsible for electricity and heat, while the landlord covers taxes, insurance, and water/sewer/trash, streamlining utility management and ensuring predictable expenses. Located minutes from major highways and shopping, the property benefits from excellent accessibility and a steady tenant base. The current owners, including one licensed real estate agent, are selling only because they live 1.5 hours away—making this a prime opportunity for local or regional investors seeking reliable returns and a property requiring no immediate work.
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $2,797
Year Built
- Built in 1950
Home Design
- Frame Construction
- Vinyl Siding
- Stone
Interior Spaces
- 5,600 Sq Ft Home
- 3-Story Property
Bedrooms and Bathrooms
- 8 Bedrooms
- 4 Full Bathrooms
Utilities
- Heating Available
Community Details
Overview
- 4 Units
Building Details
- Insurance Expense $1,800
- Maintenance Expense $1,200
- Water Sewer Expense $1,400
- Operating Expense $7,897
- Gross Income $61,500
- Net Operating Income $53,603
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 | $2,997 | $34,330 | $3,750 | $30,580 |
| 2024 | $2,777 | $34,330 | $3,750 | $30,580 |
| 2023 | $2,777 | $34,330 | $3,750 | $30,580 |
| 2022 | $2,703 | $34,330 | $3,750 | $30,580 |
| 2021 | $2,689 | $34,330 | $3,750 | $30,580 |
| 2020 | $2,633 | $34,330 | $3,750 | $30,580 |
| 2018 | $2,551 | $34,330 | $3,750 | $30,580 |
| 2017 | $2,476 | $34,330 | $3,750 | $30,580 |
| 2015 | -- | $34,330 | $3,750 | $30,580 |
| 2011 | -- | $34,330 | $0 | $0 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/05/2025 09/05/25 | Price Changed | $479,000 | -0.2% | $86 / Sq Ft |
| 07/25/2025 07/25/25 | For Sale | $480,000 | 0.0% | $86 / Sq Ft |
| 06/15/2025 06/15/25 | Off Market | $480,000 | -- | -- |
| 05/14/2025 05/14/25 | Price Changed | $480,000 | -1.5% | $86 / Sq Ft |
| 03/17/2025 03/17/25 | Price Changed | $487,500 | -1.5% | $87 / Sq Ft |
| 11/21/2024 11/21/24 | For Sale | $495,000 | +1237.8% | $88 / Sq Ft |
| 01/29/2014 01/29/14 | Sold | $37,000 | -58.4% | $16 / Sq Ft |
| 12/30/2013 12/30/13 | Pending | -- | -- | -- |
| 08/21/2013 08/21/13 | For Sale | $89,000 | -- | $38 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $385,000 | None Listed On Document | |
| Deed | $385,000 | None Listed On Document | |
| Deed | $37,000 | None Available |
Source: Greater Lehigh Valley REALTORS®
MLS Number: 748370
APN: 65-13-0261.000
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