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500 W Pennsylvania Avenue

Pen Argyl Boro, PA 18072

5 beds
4 baths
2,745 sqft
6,077 sqft lot
$180 per sqft
1900 build

4-Unit Investment Property | Fully Occupied | $56K+ Annual Income Fantastic opportunity to own a fully leased 4-unit multifamily property in the heart of Pen Argyl Borough. This well-maintained asset offers a mix of 1- 2- and 3 bedroom units with long-term tenants in place, providing strong and stable cash flow from day one. Built in 1900, this detached building offers 2,257 square feet of rentable space. All utilities are paid by tenants through RUBS (Ratio Utility Billing System), keeping operating costs low. The property produces a gross annual income of $56,535, with a net income of $42,221 and total expenses of just $14,314, including taxes, insurance, management, and minimal owner-paid utilities. This property is currently under professional management and the management company is offering an incentive to the future buyer if management is continued. Offering Memorandum available upon request.

Listing courtesy of GLVR / CENTURY 21 Pinnacle

Last checked: Checking… • Last updated Jun 21, 2025 •

MLS# 759214 —

The Building

Construction Materials:

VinylSiding
Year Built:

1900
Number Of Units Total:

4
Building Area:

Other

Interior

Stories:

2
Stories Total:

2
Living Area:

2745.0
Living Area Source:

Other

Financial & Terms

Listing Terms:

Cash,Conventional

Location

Longitude:

-75.259713
Latitude:

40.867103

The Property

Property Type:

ResidentialIncome
Property Sub Type:

Apartment
Property Sub Type Additional:

Duplex,Detached
Zoning:

R7
Parcel Number:

E8NE1C 4 12 0625
Lot Size Acres:

0.14
Lot Size Area:

6077.0
Lot Size Square Feet:

6,077 Sqft
Lot Size Units:

SquareFeet
Lot Size Source:

PublicRecords

Listing Agent

Contact info:

Taxes

Tax Annual Amount:

$4,207.32

Beds

Bedrooms Total:

5

Baths

Bathrooms Full:

4
Bathrooms Total:

4

Heating & Cooling

Cooling:

None
Cooling:

false
Heating:

Baseboard,Electric
Heating:

true

Utilities

Sewer:

PublicSewer
Water Source:

Public

Schools

Middle School District:

Pen Argyl
High School District:

Pen Argyl

The Community

Subdivision Name:

Not In Development
Senior Community:

false

Parking

Parking Features:

NoGarage, OnStreet
Garage:

false

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
6/20/25 Jun 20, 2025	Listed / Active	GLVR	$495,000
6/17/25 Jun 17, 2025	Delisted / Withdrawn	GLVR	$495,000

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This multifamily located in Pen Argyl, PA 18072 is currently for sale for $495,000. 500 W Pennsylvania Avenue is a 2,745 square foot multifamily with 5 beds and 4 baths. This multifamily is in the attendance area of Pen Argyl Area High School, Plainfield Elementary School, and Wind Gap Middle School.

Listing Courtesy of: GLVR and CENTURY 21 Pinnacle.

The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Greater Lehigh Valley REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than Estately, Inc, are indicated by detailed information about them such as the name of the listing firms. Information Deemed Reliable But Not Guaranteed. Copyright 2025 Greater Lehigh Valley REALTORS®.