$700,000
PENDING

Estimated payment $4,448/month

Total Views 724
-- Bed
-- Bath
6,690 Sq Ft
$105 Price per Sq Ft

Highlights

  • 2.39 Acre Lot
  • Attached Garage
  • Heating Available
  • Deep Creek Central Elementary School Rated A-
  • Brick or Stone Mason

About This Home

Investors, take notice—7108 PA Route 873 in Slatington is a rare opportunity to acquire a fully occupied, 7-unit mixed-use property that delivers consistent performance and outstanding value-add potential. This income-generating asset features five well-maintained apartments (four 2-bedroom, 1-bath units and one 1-bedroom, 1-bath unit), a detached 2-bedroom, 1-bath ranch home, as well as a 1,200 square foot workshop/storage building, and two garages that provide additional rental income streams. Tenants cover electric, and trash, while the landlord is responsible for water/sewer, heat, lawn care, and house electric meter. The property has been fully occupied for the past four years, reflecting its strong tenant appeal and operational stability. With an actual net operating income (NOI) of $63K and a pro forma NOI of $72,000, this property offers immediate cash flow with room for increased returns through strategic upgrades and rent adjustments. Offered at an actual 9% cap rate, and a proforma 10.3% cap rate. Whether you're expanding your portfolio or seeking your next high-performing asset, this property checks all the boxes for stability, upside, and long-term investment success. Owner is a licensed Realtor.

Listing Agent

Michael Crocefoglia

EXP Realty LLC Listed on: 11/06/2025

EXP Realty LLC

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $9,322

Year Built

  • Built in 1954

Home Design

  • 6,690 Sq Ft Home
  • Brick or Stone Mason
  • Aluminum Siding
  • Steel Siding

Parking

  • Attached Garage
  • Parking Lot

Utilities

  • Heating Available
  • Well

Community Details

Overview

  • 7 Units

Building Details

  • Electric Expense $900
  • Gardener Expense $2,100
  • Insurance Expense $4,741
  • Maintenance Expense $4,938
  • Professional Management Expense $6,913
  • Water Sewer Expense $2,200
  • Operating Expense $36,712
  • Gross Income $99,720
  • Net Operating Income $63,008

Property Details

Home Type

Condominium

Est. Annual Taxes

$9,322

Year Built

Built in 1954

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Apartment
  • Year Built: 1954
  • LotSizeAcres: 2.39
  • Professional Management Expense: 6913.0
  • Co List Office Mls Id: EXPR
  • Subdivision Name: Not in Development
  • HumanModifiedYN: Yes
  • PropertySubTypeAdditional: Apartment,Mixed Use
  • CurrentPrice: 700000.0
  • Special Features: None

Interior Features

  • Living Area: 6690.0

Exterior Features

  • Construction Type: Aluminum Siding, Brick, Steel Siding

Garage/Parking

  • Parking Features: Attached, Garage, Parking Lot

Utilities

  • Cooling: Wall/Window Unit(s)
  • Sewer: Septic Tank
  • Heating Yn: Yes
  • Water Source: Well

Fee Information

  • Operating Expense: 36712.0
  • Annual Water Sewer Expense: 2200.0

Schools

  • Junior High Dist: Northern Lehigh

Lot Info

  • Lot Size Sq Ft: 104108.0
  • Zoning: C-Commercial

Multi Family

  • Number Of Units Total: 7
  • Electric Expense: 900.0
  • Insurance Expense: 4741.0
  • Maintenance Expense: 4938.0
  • Property Net Operating Income: 63008.0

Tax Info

  • Tax Annual Amount: 9322.01

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/13/2025 11/13/25 Pending -- -- --
11/06/2025 11/06/25 For Sale $700,000 -- $105 / Sq Ft
Source: Greater Lehigh Valley REALTORS®

Source: Greater Lehigh Valley REALTORS®

MLS Number: 767520

Greater Lehigh Valley REALTORS®

APN: 555196267684-1