7108 PA Route 873, Washington Twp, PA 18080 (MLS # 754963)
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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 three years, reflecting its strong tenant appeal and operational stability. With an actual net operating income (NOI) of $62K 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 8.3% cap rate, and a proforma 9.6% 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.
| DAYS ON MARKET | 3 | LAST UPDATED | 4/2/2025 |
|---|---|---|---|
| TRACT | Not in Development | YEAR BUILT | 1954 |
| COMMUNITY | Washington_L | COUNTY | Lehigh |
| STATUS | Active | PROPERTY TYPE(S) | Multi Family |
| School District | Northern Lehigh |
|---|
| ADDITIONAL DETAILS | |
| AIR | Window Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| AREA | Washington_L |
| CONSTRUCTION | Aluminum Siding, Brick |
| LOT | 2.39 acre(s) |
| SEWER | Septic Tank |
| SUBDIVISION | Not in Development |
| TAXES | 9130.43 |
| WATER | Well, Private |
| ZONING | C-Commercial |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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*Estimate only
Listed with EXP Realty LLC
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