435 Main Street, Pen Argyl, PA 18072
Local realty services provided by:ERA One Source Realty
435 Main Street,Pen Argyl Boro, PA 18072
$1,599,000
- 16 Beds
- 8 Baths
- 11,586 sq. ft.
- Multi-family
- Active
Listed by: ira r gordon
Office: century 21 keim realtors
MLS#:777741
Source:PA_LVAR
Price summary
- Price:$1,599,000
- Price per sq. ft.:$138.01
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 $178,860 with a net operating income of $151,749 and an impressive 9% 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....
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Home facts
- Year built:1900
- Subdivision & Development:Not in Development
- Listing ID #:777741
- Added:101 day(s) ago
- Updated:September 06, 2026 at 03:12 PM
Rooms and interior
- Bedrooms:16
- Total bathrooms:8
- Full bathrooms:8
- Living area:11,586 sq. ft.
Heating and cooling
- Heating:Gas
Structure and exterior
- Year built:1900
- Building area:11,586 sq. ft.
- Lot area:0.16 Acres
- Construction Materials:Aluminum Siding
- Levels:2 Story
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$1,599,000
- Price per sq. ft.:$138.01
- Tax amount:$8,601
Parking
- Total parking spaces:6
- Parking description:Garage, Off Street
- Garage:Yes
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