500 W. Pennsylvania Ave., Pen Argyl, PA

Multi-family for Sale - $495,000


Agent Info

Frank Renaldi
CENTURY 21 Pinnacle

Property Info

CIMLS#1177663
Location
  500 W. Pennsylvania Ave.
  Pen Argyl PA 18072
UpdatedJune 24th, 2025
TypeMulti-family
Price$495,000

Property Description

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.


Financials