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659 Broad St
Emmaus, PA 18049
Multifamily Property For Sale
·
28 Units
Executive Summary
Redevelopment opportunity in the Borough of Emmaus with approvals in place for conversion to a 55+ age-restricted multifamily apartment community. Former assisted living facility situated on approximately 0.71 acres (±30,971 SF lot) with an existing three-story structure originally constructed in 1922. Project supports 28 approved residential units / 34 Beds (studio, one-bedroom, and two-bedroom layouts) under applicable borough overlay/conditional use framework.
Property is currently vacant, mid construction. Select interior demolition, framing, mechanical, electrical, and plumbing work have been completed. Certain building systems and infrastructure components are in place, including elevator shaft, fire/life safety framework, and electrical service upgrades (additional details available upon request). Buyer to complete renovation and stabilization.
Emmaus represents a supply-constrained residential submarket within the Lehigh Valley with limited new multifamily inventory. Property is located minutes from I-78, Route 29, and the PA Turnpike (476), providing regional access to Allentown, Bethlehem, and surrounding employment corridors.
Offering presents opportunity for experienced multifamily operator or redevelopment group seeking approved age-restricted housing product in established residential borough setting. Additional architectural plans, approval documentation, and project materials available to qualified purchasers.
Contact listing agent for details and tour scheduling.
Property is currently vacant, mid construction. Select interior demolition, framing, mechanical, electrical, and plumbing work have been completed. Certain building systems and infrastructure components are in place, including elevator shaft, fire/life safety framework, and electrical service upgrades (additional details available upon request). Buyer to complete renovation and stabilization.
Emmaus represents a supply-constrained residential submarket within the Lehigh Valley with limited new multifamily inventory. Property is located minutes from I-78, Route 29, and the PA Turnpike (476), providing regional access to Allentown, Bethlehem, and surrounding employment corridors.
Offering presents opportunity for experienced multifamily operator or redevelopment group seeking approved age-restricted housing product in established residential borough setting. Additional architectural plans, approval documentation, and project materials available to qualified purchasers.
Contact listing agent for details and tour scheduling.
Property Facts
| Price Per Unit | $132,143 | Lot Size | 0.72 AC |
| Sale Type | Investment | Construction Status | Under Renovation |
| No. Units | 28 | Building Size | 21,178 SF |
| Property Type | Multifamily | Average Occupancy | 0% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1922/2026 |
| Building Class | B | Parking Ratio | 1.42/1,000 SF |
| Zoning | R-HO | ||
| Price Per Unit | $132,143 |
| Sale Type | Investment |
| No. Units | 28 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.72 AC |
| Construction Status | Under Renovation |
| Building Size | 21,178 SF |
| Average Occupancy | 0% |
| No. Stories | 3 |
| Year Built/Renovated | 1922/2026 |
| Parking Ratio | 1.42/1,000 SF |
| Zoning | R-HO |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Refrigerator
- Oven
- Range
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 8 | - | - |
| 1+1 | 14 | - | - |
| 2+1 | 6 | - | - |
Property Taxes
| Parcel Number | 549444729138-1 | Improvements Assessment | $1,568,300 |
| Land Assessment | $170,300 | Total Assessment | $1,738,600 |
Property Taxes
Parcel Number
549444729138-1
Land Assessment
$170,300
Improvements Assessment
$1,568,300
Total Assessment
$1,738,600
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