662 Main St Slatington, PA 18080
Slatington AreaEstimated payment $4,143/month
About This Home
Turnkey 4-unit investment opportunity generating strong cash flow in a prime downtown location. This well-maintained property produces $78,600 in gross annual income with an impressive net income of $63,542, delivering a 9.77% cap rate. The building has been extensively updated, featuring a newer roof, modernized kitchens and bathrooms, and durable LVP flooring throughout most of the building. Over $70,000 in improvements have been invested into the thriving daycare tenant occupying the first floor, adding long-term stability to the income stream. Additional highlights include off-street parking, with ample free public parking nearby for tenants and visitors. Ideally situated within walking distance to restaurants, shops, and everyday conveniences, this property benefits from strong rental demand. Value-add potential remains with opportunities to introduce on-site laundry, create additional storage income, and possibly expand existing units to further increase returns. A solid, income-producing asset ready to enhance any investment portfolio.
Property Details
Home Type
- Apartment
Est. Annual Taxes
- $7,209
Year Built
- Built in 1900
Home Design
- Brick or Stone Mason
Interior Spaces
- 5,614 Sq Ft Home
- 3-Story Property
Bedrooms and Bathrooms
- 6 Bedrooms
- 4 Full Bathrooms
Parking
- On-Street Parking
- Off-Street Parking
Additional Features
- 2,657 Sq Ft Lot
- Heating Available
Community Details
Overview
- 4 Units
Building Details
- Electric Expense $600
- Insurance Expense $3,850
- Maintenance Expense $1,000
- Water Sewer Expense $1,800
- Operating Expense $15,058
- Gross Income $78,600
- Net Operating Income $63,542
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 | $7,209 | $183,100 | $5,400 | $177,700 |
| 2025 | $6,913 | $183,100 | $5,400 | $177,700 |
| 2024 | $6,618 | $183,100 | $5,400 | $177,700 |
| 2023 | $6,234 | $183,100 | $5,400 | $177,700 |
| 2022 | $6,142 | $183,100 | $177,700 | $5,400 |
| 2021 | $5,955 | $183,100 | $5,400 | $177,700 |
| 2020 | $5,785 | $183,100 | $5,400 | $177,700 |
| 2019 | $5,658 | $183,100 | $5,400 | $177,700 |
| 2018 | $5,545 | $183,100 | $5,400 | $177,700 |
| 2017 | $5,522 | $183,100 | $5,400 | $177,700 |
| 2016 | -- | $183,100 | $5,400 | $177,700 |
| 2015 | -- | $183,100 | $5,400 | $177,700 |
| 2014 | -- | $183,100 | $5,400 | $177,700 |
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 | Prior Sale |
|---|---|---|---|---|---|
| 05/05/2026 05/05/26 | For Sale | $650,000 | +35.4% | $116 / Sq Ft | |
| 07/31/2024 07/31/24 | Sold | $480,000 | -3.8% | $84 / Sq Ft | View Prior Sale |
| 06/13/2024 06/13/24 | Pending | -- | -- | -- | |
| 06/05/2024 06/05/24 | For Sale | $499,000 | 0.0% | $87 / Sq Ft | |
| 01/08/2024 01/08/24 | Rented | $1,400 | +0.1% | -- | |
| 12/30/2023 12/30/23 | Price Changed | $1,399 | -3.5% | $2 / Sq Ft | |
| 12/07/2023 12/07/23 | For Rent | $1,450 | 0.0% | -- | |
| 10/16/2023 10/16/23 | Sold | $266,000 | -9.8% | $47 / Sq Ft | View Prior Sale |
| 10/02/2023 10/02/23 | Pending | -- | -- | -- | |
| 09/17/2023 09/17/23 | For Sale | $295,000 | +115.3% | $53 / Sq Ft | |
| 09/25/2014 09/25/14 | Sold | $137,000 | -13.8% | $24 / Sq Ft | View Prior Sale |
| 08/01/2014 08/01/14 | Pending | -- | -- | -- | |
| 04/15/2014 04/15/14 | For Sale | $159,000 | -- | $28 / 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 | $480,000 | Lighthouse Abstract | |
| Deed | $266,000 | Imagine Abstract | |
| Deed | $137,000 | None Available | |
| Deed | $125,000 | None Available | |
| Deed | $39,359 | -- | |
| Deed | $80,000 | -- | |
| Deed | $46,000 | -- |
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 | $384,000 | New Conventional | |
| Previous Owner | $168,000 | Commercial | |
| Previous Owner | $102,750 | Commercial |
Source: Greater Lehigh Valley REALTORS®
MLS Number: 776402
APN: 556203543664-1
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Information is deemed reliable but not guaranteed.
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