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38 W Central Ave 5 Unit Apartment Building $575,000 ($115,000/Unit) 10.10% Cap Rate Bangor, PA 18013
Investment Highlights
- Off Street Parking.
- Separate utilities.
- Coin Operated Laundry
Executive Summary
Turnkey 5-Unit Investment Property in Bangor, PA. An income-producing asset, this 5-unit multifamily in Bangor offers a solid investment opportunity. Tenants pay all their own utilities, keeping owner expenses low. Property features off-street parking and a convenient on-site coin-operated laundry for added income. A low-maintenance asset with strong rental appeal in a growing market.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$70,920
|
$20.62
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$70,920
|
$20.62
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$12,823
|
$3.73
|
| Net Operating Income |
$58,097
|
$16.89
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $70,920 |
| Annual Per SF | $20.62 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $70,920 |
| Annual Per SF | $20.62 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $12,823 |
| Annual Per SF | $3.73 |
| Net Operating Income | |
|---|---|
| Annual | $58,097 |
| Annual Per SF | $16.89 |
Property Facts Under Contract
| Price | $575,000 | Building Class | C |
| Price Per Unit | $115,000 | Lot Size | 0.19 AC |
| Sale Type | Investment | Building Size | 3,440 SF |
| Cap Rate | 10.10% | Average Occupancy | 40% |
| No. Units | 5 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1900 |
| Property Subtype | Apartment | ||
| Zoning | C / R | ||
| Price | $575,000 |
| Price Per Unit | $115,000 |
| Sale Type | Investment |
| Cap Rate | 10.10% |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.19 AC |
| Building Size | 3,440 SF |
| Average Occupancy | 40% |
| No. Stories | 3 |
| Year Built | 1900 |
| Zoning | C / R |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 2 | - | - |
| 3+1 | 1 | - | - |
| 2+1 | 1 | - | - |
| Studios | 1 | - | - |
1 1
Somewhat walkable
20/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | D10SW1C3-6A-0109 | Improvements Assessment | $53,800 (2026) |
| Land Assessment | $15,900 (2026) | Total Assessment | $69,700 (2026) |
Property Taxes
Parcel Number
D10SW1C3-6A-0109
Land Assessment
$15,900 (2026)
Improvements Assessment
$53,800 (2026)
Total Assessment
$69,700 (2026)
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38 W Central Ave
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