105 2nd ST Slatington Boro, PA 18080
16 Beds
7 Baths
5,893 SqFt
UPDATED:
Key Details
Property Type Other Types
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 5,893 sqft
Price per Sqft $176
Subdivision Not In Development
MLS Listing ID 786694
Bedrooms 16
Full Baths 7
HOA Y/N No
Year Built 1884
Annual Tax Amount $11,413
Lot Size 10,236 Sqft
Acres 0.235
Property Sub-Type Apartment
Property Description
The seller has invested over $200,000 in capital improvements since purchase, including major upgrades to the building's plumbing, electrical, roofing, and interiors. In 2022, cast-iron sewer lines were replaced with PVC, and most water lines were upgraded to PEX. The property was also converted to all-electric service, with seven new electric hot water heaters installed. Additional improvements include updates to the roof, siding, and interior renovations to several apartments with newer appliances added.
The property also features a second-floor laundry room with a new coin-operated washer and dryer, providing additional income beyond apartment rents.
Operating expenses are low for a building of this size. Tenants pay their own electric and heat, while landlord expenses are limited to taxes, insurance, water, and sewer. This helps keep operating costs manageable and supports strong cash flow.
Located in Slatington, Lehigh County, the property offers a great balance of small-town living and easy access to the Lehigh Valley. Tenants enjoy nearby outdoor attractions, including the Lehigh River, Lehigh Gap, and D&L Trail, while Route 145 provides convenient access to major employers, hospitals, shopping, and other amenities throughout the region.
With full occupancy, over $200,000 in major improvements, spacious units, additional laundry income, and low operating expenses, this property is an excellent opportunity for investors looking for strong cash flow, reduced near-term capital needs, and long-term investment potential in the Lehigh Valley.
Location
State PA
County Lehigh
Area Slatington
Direction From Route 22, take the PA-309 North exit toward Slatington and continue onto PA-873 North. Follow PA-873 into Slatington, then turn onto 2nd Street and continue to 105 2nd Street.
Interior
Heating Baseboard, Electric
Cooling Wall/Window Unit(s)
Fireplace No
Exterior
Parking Features Off Street, Parking Garage, On Street
Water Access Desc Public
Total Parking Spaces 7
Building
Story 3
Sewer Public Sewer
Water Public
Schools
School District Northern Lehigh
Others
Senior Community No
Tax ID 556213142322-1
Special Listing Condition None
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