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About This Home

This 16-bedroom, 8-bathroom residential multi family at 435 W Main Street in Pen Argyl, PA is listed for $1,750,000 ($151 per sqft). Built in 1900, the home offers 11,586 sqft of living space on a 0.16 acres lot.

Agent Description

8-Unit Apartment Building including 6 garages and 10 storage units for Sale - Prime Investment Opportunity in Pen Argyl! Exceptional opportunity to own a well-maintained multifamily property in the heart of Pen Argyl's desirable Slate Belt region. This strong income-producing asset generates a gross annual income of $172,620 with a net operating in

come of $145,509 and an impressive 8% cap rate, offering excellent long-term cash flow potential and investment stability. The property features eight spacious 2-bedroom, 1-bath apartments with strong rental demand. Several units offer hardwood flooring in the living rooms and bedrooms, adding warmth and character throughout, while many units have been completely remodeled with updated finishes that enhance tenant appeal.

Recent capital improvements include a new heating system, new sump pump, and new hot water heater, helping minimize future maintenance costs and providing peace of mind for investors. Owner currently pays heat and hot water, offering added value for residents.

Additional income opportunities come from the property's 6 garages and 10 storage units, providing added convenience for tenants and increased revenue potential. A large basement storage area further enhances the property's functionality and appeal. Conveniently located near shopping, schools, and major commuter routes, this turnkey multifamily investment is ideal for both seasoned investors and those looking to expand into the apartment market.

Don't miss this outstanding opportunity to own a solid, cash-flowing asset with upside potential in a growing rental market.

Key Features

  • Built in 1900
  • 0.16 acre lot
  • 2 stories
  • 6 parking spaces

Property Details

2 stories
8 full
6 spaces
1900

Monthly Cost Estimate

$9,359/mo

20% down · 6.5% · 30 years

Principal$1,266
Interest$7,583
Insurance$510

Estimates only. Actual payments may vary.

Location

435 W Main Street

Pen Argyl, PA 18072

Not in Development

Property Details

Construction

AluminumSiding

Parking

GarageOff Street

Heating

Natural Gas

Questions & Answers

This 16-bedroom, 8-bathroom residential multi family at 435 W Main Street is listed at $1,750,000 ($151/sqft). The estimated monthly payment is $7,583 based on 20% down at 6.5% interest.

Key features include: Built in 1900, 0.16 acre lot, 2 stories, 6 parking spaces.

This property is listed by Ira R Gordon and can be reached at (877) 208-4158 or resoldmax@aol.com.

IG

Ira R Gordon

Agent at CENTURY 21 Keim Realtors

(877) 208-4158

Listed by CENTURY 21 Keim Realtors · View on Broker Site

MLS# 777741· Source: listhub· Updated 5 days ago

Copyright © 2026 Greater Lehigh Valley REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

435 W Main Street, Pen Argyl, PA 18072

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