Don't miss your chance to own this well maintained, income producing detached 2 unit property offering a strong cap rate of over 9%. Whether you're looking to expand your investment portfolio or purchase your first multifamily property, this turnkey building offers updated interiors, separate utilities and excellent cash flow potential. Both units have been thoughtfully updated with fresh paint, new flooring, renovated kitchens featuring granite countertops, new cabinetry and newer appliances making them highly desirable for tenants while minimizing future maintenance expenses. Unit 1: spacious entrance foyer, 4 generously sized bedrooms, large & inviting living room, cozy eat-in kitchen, oversized full bathroom, dedicated laundry room with washer & dryer, gas forced-air heat. Unit 2: enclosed front porch entrance, bright living room, modern eat-in kitchen, large full bathroom, 2 bedrooms on the second floor & 2 additional bedrooms plus a versatile loft area on the finished third floor, electric baseboard heat. Additional features include: plenty of off-street parking for tenants, newer vinyl siding, both hot water heaters recently replaced, separate electric, heat and water/sewer utilities - there are separate water meters that allows tenants to pay their own water bills which helps maximize your net operating income. With updated interiors, separate utilities, minimal owner expenses and a proven cap rate exceeding 9%, this is a rare opportunity to acquire a true cash flowing investment property. Schedule your showing today and start earning!
CondoProperty Type
1870Year Built
7,350 sq ftLot Size
$111Price/Sq.Ft.
6 spacesParking
Listed by Rick Matos• IronValley RE of Lehigh Valley
Slatington 2 unit featuring two 4 bedroom apartments and a rented garage. The exterior has updated siding and a newer roof, plenty of parking and minimal maintenance. The first floor unit has gas heat and the second floor is electric baseboard. Both hot water heaters have been recently replaced. Tenants pay for electric, heat and hot water. The water meters are separate so the tenants could also pay their own water bills. This is a great opportunity to own a money making single 2 unit with a potential cap rate of over 12% in the heart of Slatington!
BRIGHT MLS #PALH111744
Sep 30, 2019
Sold
$89,900
$36/sq ft
Aug 7, 2019
Pending
—
Jul 2, 2019
Listed
$94,900
$38/sq ft
+8
Slatington 2 unit featuring two 4 bedroom apartments and a rented garage. The exterior has updated siding and a newer roof, plenty of parking and minimal maintenance. The first floor unit has gas heat and the second floor is electric baseboard. Both hot water heaters have been recently replaced. Tenants pay for electric, heat and hot water. The water meters are separate so the tenants could also pay their own water bills. This is a great opportunity to own a money making single 2 unit in the heart of Slatington!
GLVRMLS #566171
Feb 13, 2019
Listing Removed
—
Oct 5, 2018
Price Changed
*
Sep 7, 2018
Relisted
—
Jul 30, 2018
Pending
—
Apr 24, 2018
Price Changed
*
Dec 19, 2017
Listed
*
GLVRMLS #552199
Dec 15, 2017
Listing Removed
—
Jul 5, 2017
Listed
*
GLVRMLS #203651
Oct 4, 2004
Sold
$113,827
$45/sq ft
Jul 30, 2004
Listed
$113,900
$46/sq ft
Public Records
Feb 18, 1997
Sold
$26,000
$10/sq ft
Year
Property tax
Land + Additions
Assessment*
2026
$4,744 (+4.3%)
$15,300 + $105,200
$120,500
2025
$4,549 (+4.4%)
$15,300 + $105,200
$120,500
2024
$4,356 (+6.2%)
$15,300 + $105,200
$120,500
2023
$4,103 (+1.5%)
$15,300 + $105,200
$120,500
2022
$4,042 (+3.1%)
$15,300 + $105,200
$120,500
2021
$3,919 (+2.9%)
$15,300 + $105,200
$120,500
2020
$3,807 (+2.2%)
$15,300 + $105,200
$120,500
2019
$3,724 (+2.0%)
$15,300 + $105,200
$120,500
2018
$3,649 (+0.4%)
$15,300 + $105,200
$120,500
2017
$3,634 (+1.3%)
$15,300 + $105,200
$120,500
2015
$3,586
$15,300 + $105,200
$120,500
Public record
Beds
3
Baths
2
Stories
2.5
Lot width
49 ft.
Lot depth
150 ft.
Lot size
7,350 Sq. Ft.
Year renovated
—
Finished Sq. Ft.
2,503
Unfinished Sq. Ft.
—
Total Sq. Ft.
2,503
Year built
1870
Style
Multi-Family (2-4 Unit)
County
Lehigh County
APN
556214702921 1
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 20, 2026.
Climate risks
10/10 Flood Factor
Estimated 80%+ chance of a flood reaching the building in the next 30 years
3/10 Fire Factor
0.15% chance of being in a wildfire in next 30 years
4/10 Heat Factor
7 days above 99° expected this year, 16 days in 30 years
4/10 Wind Factor
11% chance of strong winds in next 30 years
2/10 Air Factor
1 unhealthy days expected this year, 2 days in 30 years
Provided by First Street
Historical weather
Slatington, PA • 18080
Average low and high temperatures (°F)
32
17
37
22
54
33
63
41
69
50
80
60
85
66
79
56
76
54
66
42
53
34
37
22
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
66/ 100
Moderate sunlight
Sunscore
There appears to be some shading by surrounding buildings, terrain, and vegetation.
7.5 hrs
4.9 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 313 Main St
$266,870
$12K under list price of $279K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $245K to $320K.