435 E Main St Pen Argyl, PA 18072
Plainfield AreaEstimated payment $9,506/month
About This Home
8-Unit Apartment Building, 6 garages and 10 storage units for Sale – Prime Investment Opportunity in Pen Argyl!
Exceptional opportunity to own a well-maintained multifamily property in the heart of Pen Argyl’s desirable Slate Belt region. This strong income-producing asset generates a gross annual income of $172,620 with a net operating income of $145,509 and an impressive 8% cap rate, offering excellent long-term cash flow potential and investment stability.
The property features eight spacious 2-bedroom, 1-bath apartments with strong rental demand. Several units offer hardwood flooring in the living rooms and bedrooms, adding warmth and character throughout, while many units have been completely remodeled with updated finishes that enhance tenant appeal.
Recent capital improvements include a new heating system, new sump pump, and new hot water heater, helping minimize future maintenance costs and providing peace of mind for investors. Owner currently pays heat and hot water, offering added value for residents.
Additional income opportunities come from the property’s 6 garages and 10 storage units, providing added convenience for tenants and increased revenue potential. A large basement storage area further enhances the property’s functionality and appeal.
Conveniently located near shopping, schools, and major commuter routes, this turnkey multifamily investment is ideal for both seasoned investors and those looking to expand into the apartment market. Don’t miss this outstanding opportunity to own a solid, cash-flowing asset with upside potential in a growing rental market.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $8,601
Year Built
- Built in 1900
Lot Details
- 6,960 Sq Ft Lot
- Property is zoned 25R78
Home Design
- Aluminum Siding
Interior Spaces
- 11,586 Sq Ft Home
- 2-Story Property
- Basement
Bedrooms and Bathrooms
- 16 Bedrooms
- 8 Full Bathrooms
Parking
- Detached Garage
- Off-Street Parking
Utilities
- Heating Available
Community Details
Overview
Building Details
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 | $433 | $40,100 | $17,500 | $22,600 |
| 2025 | $433 | $40,100 | $17,500 | $22,600 |
| 2024 | $3,242 | $40,100 | $17,500 | $22,600 |
| 2023 | $3,242 | $40,100 | $17,500 | $22,600 |
| 2022 | $3,202 | $40,100 | $17,500 | $22,600 |
| 2021 | $3,242 | $40,100 | $17,500 | $22,600 |
| 2020 | $3,242 | $40,100 | $17,500 | $22,600 |
| 2019 | $3,159 | $40,100 | $17,500 | $22,600 |
| 2018 | $3,053 | $40,100 | $17,500 | $22,600 |
| 2017 | $2,995 | $40,100 | $17,500 | $22,600 |
| 2016 | -- | $40,100 | $17,500 | $22,600 |
| 2015 | -- | $40,100 | $17,500 | $22,600 |
| 2014 | -- | $40,100 | $17,500 | $22,600 |
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 | Prior Sale |
|---|---|---|---|---|---|
| 07/15/2026 07/15/26 | Price Changed | $1,599,000 | +3.2% | $138 / Sq Ft | |
| 07/14/2026 07/14/26 | Price Changed | $1,550,000 | +7.3% | $134 / Sq Ft | |
| 07/04/2026 07/04/26 | Price Changed | $1,445,000 | +99900.0% | $125 / Sq Ft | |
| 07/03/2026 07/03/26 | Price Changed | $1,445 | -99.9% | $0 / Sq Ft | |
| 05/27/2026 05/27/26 | For Sale | $1,750,000 | +2087.5% | $151 / Sq Ft | |
| 11/10/2020 11/10/20 | Sold | $80,000 | -5.9% | $67 / Sq Ft | View Prior Sale |
| 10/08/2020 10/08/20 | Pending | -- | -- | -- | |
| 10/08/2020 10/08/20 | For Sale | $85,000 | -- | $71 / Sq Ft |
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 | $80,000 | Associated Abstract Svcs Llc | |
| Interfamily Deed Transfer | -- | None Available |
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 | $111,000 | Unknown | |
| Closed | $60,000 | Purchase Money Mortgage |
Source: Greater Lehigh Valley REALTORS®
MLS Number: 777741
APN: E8NE2B-5-7-0625
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
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