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1083-1085 Main St
Off-Market Call for Pricing
Call for Pricing
- 4 Units
- 2,620 Sq Ft
- 6,000 Sq Ft
- Unknown Cap Rate
Description
A rare opportunity awaits in the highly desirable Borough of Hellertown with this fully occupied, 4-unit investment property. Meticulously maintained, this unique building has been proudly owned by the same family since its construction as 2 twins in 1908, before being converted to apartments in the early 1960s. The current owner has lovingly cared for the property for over 40 years, ensuring it remains a solid, reliable asset for the next investor. The building features an attractive mix of 2 one-bedroom and 2 two-bedroom apartments. Each apartment provides privacy and convenience with its own separate entrance and 2 dedicated off-street parking spaces. Landlord overhead is low, as the property features separate utility meters with tenants responsible for paying their own electric, gas, water, and sewer bills. Upside potential exists within the current rent roll and operating expenses. While some units have been recently refreshed, a couple of the apartments are in good condition but do need some updating, offering the perfect cosmetic value-add project for a new owner. Combined with bringing the currently below-market leases up to prevailing market rates after minor updates, an 8% or higher cap rate is easily attainable. As an added bonus, the building recently passed its municipal inspections, meaning no Borough rental inspections are required for nearly five years. Call today to schedule a private viewing and add this exceptional property to your real estate portfolio!
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Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $725,000 |
| Property Type | Other |
| Usable Sqft | 2,620 |
| Number of Stories | 3 stories |
| Parking Spots | 0 spots |
| Year Built | 1908 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | Q7SW2A2230715 |
| MLS # | PANH2009894 |
| Property ID | 322831764 |
| Lot Sqft | 6,000 |
| Zoning | M |
| Total Units | 4 |
| Days on Market | 22 |
| Original List Price | Unknown |
| Date Updated | May 20, 2026 |
| Date Created | May 07, 2026 |
| Unit # | Beds | Baths | Current Rent | Proforma Rent |
| Unit #1 | $50,100 | $0 |
| Net Income (Yr) | $ 39,650 |
| Cap Rate | 5.40% |
Listing Provided By
Ken Solt an agent of . Lic #RS337214
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Data last updated: May 29, 2026.
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