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$425,000

  • Sold
  • Closed
  • Apartment
  • 5 Beds
  • 4 Full Baths
  • 2,745 Sq. Ft.
See This Home
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4-Unit Investment Property | Fully Occupied | $56K+ Annual Income Fantastic opportunity to own a fully leased 4-unit multifamily property in the heart of Pen Argyl Borough. This well-maintained asset offers a mix of 1- 2- and 3 bedroom units with long-term tenants in place, providing strong and stable cash flow from day one. Built in 1900, this detached building offers 2,257 square feet of rentable space. All utilities are paid by tenants through RUBS (Ratio Utility Billing System), keeping operating costs low. The property produces a gross annual income of $56,535, with a net income of $42,221 and total expenses of just $14,314, including taxes, insurance, management, and minimal owner-paid utilities. This property is currently under professional management and the management company is offering an incentive to the future buyer if management is continued. Offering Memorandum available upon request.

Full Property Details for 500 W Pennsylvania Ave

General

  • Sold For: $425,000
  • HOA FEE: $1,645
  • Taxes: $4,207
  • Status: Closed
  • Type: Apartment
  • Source: Lehigh_Valley
  • MLS ID: 759214
  • Added to Site: 215 day(s) ago

Rooms

Bathrooms

  • Total Bathrooms: 4
  • Full Bathrooms: 4

Bedrooms

  • Total Bedrooms: 5

Parking

  • Parking Features: No Garage, On Street

Location

  • Area: Pen Argyl
  • County: Northampton
  • Subdivision: Not in Development
  • Driving Directions: PA-33 N, take PA-512 N Exit, Right on Park Ave, Left on N Lehigh Ave, straight on W Pennsylvania Ave, building will be on the right.

School Information

  • Elem School District: Pen Argyl
  • Midd School District: Pen Argyl
  • High School District: Pen Argyl

Community

  • Home Owners Assn.: Lehigh Valley MLS

Heating & Cooling

  • Heating Type: Baseboard, Electric

Utilities

  • Sewer: Public Sewer
  • Water: Public

Structural Information

  • Property Detached: Yes
  • Construction: Vinyl Siding
  • Stories/Levels: 2
  • Square Feet: 2,745
  • Living Area: 2,745 Sq. Ft.
  • Year Built: 1900

Lot Features

  • Lot Size (Acres): 0.14
  • Lot Size (Sq. Ft.): 6,077
  • Lot Size Source: Public Records
  • Zoning: R7

Financial Considerations

  • Maint. Fee: $1,645
  • Operating Expenses: $14,314
  • Tax Amount: $4,207.32
  • Terms: Cash, Conventional

Disclosures and Reports

  • Property ID: E8NE1C 4 12 0625

Listed by CENTURY 21 Pinnacle
Sold by Bellman & Radcliff

Listing agent

— 500 W Pennsylvania Ave —

  • CENTURY 21 Pinnacle

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 500 W Pennsylvania Ave

School District:Pen Argyl Area School District
NameGradesDistance
Wind Gap Middle School
1620 Teels Road, Pen Argyl, PA 18072
4-82.3 mi
Plainfield El School
539 School Road, Nazareth, PA 18064
K-35.5 mi
Pen Argyl Area High School
501 West Laurel Avenue, Pen Argyl, PA 18072
9-120.3 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 500 W Pennsylvania Ave

Date
Details
Price
Change
Source
11/25/2025
Sold
$425,000
-14.14%
MLS
6/21/2025
Listed
$495,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed by CENTURY 21 Pinnacle
Sold by Bellman & Radcliff

500 W Pennsylvania Avenue, Pen Argyl Boro, PA 18072 (MLS# 759214) is a Apartment property that was sold at $425,000 on November 25, 2025. Want to learn more about 500 W Pennsylvania Avenue? Do you have questions about finding other Apartment real estate for sale in Pen Argyl Boro? You can browse all Pen Argyl Boro real estate or contact a Coldwell Banker agent to request more information.