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2-8 S 4th St 10 Unit Apartment Building $3,200,000 ($320,000/Unit) 6.63% Cap Rate Emmaus, PA 18049
INVESTMENT HIGHLIGHTS
- 10 MF units: 7 two-bedroom and 3 one-bedroom; 5 commercial units
- 100% occupancy with opportunity for increased rental rates
- Radiator (oil) heat in MF units; electric heat in commercial units
- Desirable and sought-after commercial district location in charming Emmaus
EXECUTIVE SUMMARY
Introducing an exceptional investment opportunity in the heart of Lehigh Valley. This impressive property at 2-10 South Fourth Street, and 408 Chestnut St in Emmaus, PA, 18049 boasts a 14,506 square foot combined property with 15 units (10 MF; 5 Commercial), with 100% occupancy. Its prime location in the thriving Lehigh Valley area provides unparalleled visibility and accessibility for retail and street retail businesses. This turnkey investment promises strong and consistent returns, value-add opportunities, and a high-demand tenant environment.
This 3-parcel property in the center of downtown Emmaus offers an inviting blend of tradition and contemporary appeal. The area has become a thriving hub for retail, and hosts a diverse mix of retail stores and dining experiences. Situated directly across from Triangle Park, the location's proximity to major roadways (Rt 476, Rt 29, Rt 78/309, Emaus Ave) and bustling community events makes it a prime investment opportunity for retail and street retail investors.
This 3-parcel property in the center of downtown Emmaus offers an inviting blend of tradition and contemporary appeal. The area has become a thriving hub for retail, and hosts a diverse mix of retail stores and dining experiences. Situated directly across from Triangle Park, the location's proximity to major roadways (Rt 476, Rt 29, Rt 78/309, Emaus Ave) and bustling community events makes it a prime investment opportunity for retail and street retail investors.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$286,332
|
$17.81
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$14,316
|
$0.89
|
| Effective Gross Income |
$272,016
|
$16.92
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$59,778
|
$3.72
|
| Net Operating Income |
$212,238
|
$13.20
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $286,332 |
| Annual Per SF | $17.81 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $14,316 |
| Annual Per SF | $0.89 |
| Effective Gross Income | |
|---|---|
| Annual | $272,016 |
| Annual Per SF | $16.92 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $59,778 |
| Annual Per SF | $3.72 |
| Net Operating Income | |
|---|---|
| Annual | $212,238 |
| Annual Per SF | $13.20 |
PROPERTY FACTS
| Price | $3,200,000 | Apartment Style | Low-Rise |
| Price Per Unit | $320,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.14 AC |
| Cap Rate | 6.63% | Building Size | 16,073 SF |
| No. Units | 10 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1990 |
| Property Subtype | Apartment | Parking Ratio | 0.14/1,000 SF |
| Zoning | B-C - Central Commercial District | ||
| Price | $3,200,000 |
| Price Per Unit | $320,000 |
| Sale Type | Investment |
| Cap Rate | 6.63% |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 16,073 SF |
| No. Stories | 3 |
| Year Built | 1990 |
| Parking Ratio | 0.14/1,000 SF |
| Zoning | B-C - Central Commercial District |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Refrigerator
- Oven
- Range
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Gas Range
- Walk-Up
Walk Score®
Very Walkable (81)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $666,800 (2025) | |
| Land Assessment | $51,500 (2025) | Total Assessment | $718,300 (2025) |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$51,500 (2025)
Improvements Assessment
$666,800 (2025)
Total Assessment
$718,300 (2025)
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2-8 S 4th St
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