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$660,000
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Property Description
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.
Full Property Details
Full Property Details for 7108 Pa Route 873
General
- Sold For: $660,000
- HOA FEE: $4,938
- Taxes: $9,322
- Status: Closed
- Type: Apartment
- Source: Lehigh_Valley
- MLS ID: 767520
- Added to Site: 73 day(s) ago
Parking
- Garage: Yes
- Attached garage: Yes
- Total Spaces: 8
- Parking Features: Attached, Garage, Parking Lot
Location
- Area: Washington_L
- County: Lehigh
- Subdivision: Not in Development
- Driving Directions: Drive through town of Slatington for approximately 1 mile, pass Friedens Rd on your right, and the property will be on the right hand side of route 873.
School Information
- Elem School District: Northern Lehigh
- Midd School District: Northern Lehigh
- High School District: Northern Lehigh
Community
- Home Owners Assn.: Lehigh Valley MLS
Heating & Cooling
- Cooling Type: Wall/Window Unit(s)
- Heating Type: Baseboard, Electric, Forced Air, Oil
Utilities
- Sewer: Septic Tank
- Water: Well
- Well: Yes
Structural Information
- Construction: Aluminum Siding, Brick, Steel Siding
- Square Feet: 6,690
- Living Area: 6,690 Sq. Ft.
- Year Built: 1954
Lot Features
- Lot Size (Acres): 2.39
- Lot Size (Sq. Ft.): 104,108
- Lot Size Source: Public Records
- Zoning: C-Commercial
Financial Considerations
- Maint. Fee: $4,938
- Operating Expenses: $36,712
- Tax Amount: $9,322.01
Disclosures and Reports
- Property ID: 555196267684 001
Listed by EXP Realty LLC
Sold by Keller Williams Northampton
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Schools
Schools serving 7108 Pa Route 873
School District:Northern Lehigh School District
| Name | Grades | Distance |
|---|---|---|
Peters El School 4055 Friedens Road, Slatington, PA 18080 | K-2 | 1.3 mi |
Slatington El School 1201 Shadow Oaks Lane, Slatington, PA 18080 | 3-6 | 2.3 mi |
Northern Lehigh Middle School 600 Diamond Street, Slatington, PA 18080 | 7-8 | 1.9 mi |
Northern Lehigh Senior High School 1 Bulldog Lane, Slatington, PA 18080 | 9-12 | 2 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 7108 Pa Route 873
Date
Details
Price
Change
Source
12/30/2025
Sold
$660,000
-5.71%
MLS
11/06/2025
Listed
$700,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
7108 Pa Route 873, Washington Township, PA 18080 (MLS# 767520) is a Apartment property that was sold at $660,000 on December 30, 2025. Want to learn more about 7108 Pa Route 873? Do you have questions about finding other Apartment real estate for sale in Washington Township? You can browse all Washington Township real estate or contact a Coldwell Banker agent to request more information.

