Attention real estate investors! Here’s your chance to acquire a high-performing, two-parcel multi-family portfolio in Slatington, PA, listed at $1,250,000. This cash-flowing property on the Corner of 1st St and E. Church St. includes 12 units across two properties—211-215 1st St (6 units) and 203 1st St (6 units)—offering immediate returns and substantial upside potential. Cash Flow: Generates $184,164 in annual gross rent, with a Year 1 net operating income (NOI) of $91,586. Below-Market Rents: Current rents average $1,279/unit/month, while local comps suggest $1,342-$1,550/unit/month. Raising rents by 5%-10% could increase gross rent to $193,372-$202,584 annually, boosting NOI by $9,208-$18,420 with no added costs. Annual expenses of $92,578 include property taxes, insurance, and management, common area electric, maintenance, landscaping & snow removal, oil heat, sewer, water, trash. Property Details: 211-215 1st St: 6-unit, 3-story low-rise (6,300 sq.ft., built 2001) with oil heating and public water/sewer. Lot: 62x80 (4,960 sq.ft.). 203 1st St: 6-unit residential conversion (6 apts, 6,302 sq.ft. total, built 1875) on a sprawling 33,000 sq.ft. lot Features a garage for extra income potential. Upside Opportunities: Revenue Growth: Increasing rents to market rates for an annual gross of $193,372, increasing NOI to $100,800. Cost Efficiency: Reduce the expense ratio by optimizing landscaping/snow removal or billing tenants for sewer, water, & trash. Convert 6 units at 211-215 1st St. to tenant paid electric baseboard heat eliminating the oil heat. This turnkey asset delivers immediate cash flow, a 7.33% cap rate, and a clear path to scale returns.
Attention real estate investors! Here’s your chance to acquire a high-performing, two-parcel multi-family portfolio in Slatington, PA, listed at $1,250,000. This cash-flowing property on the Corner of 1st St and E. Church St. includes 12 units across two properties—211-215 1st St (6 units) and 203 1st St (6 units)—offering immediate returns and substantial upside potential. Cash Flow: Generates $184,164 in annual gross rent, with a Year 1 net operating income (NOI) of $91,586. Below-Market Rents: Current rents average $1,279/unit/month, while local comps suggest $1,342-$1,550/unit/month. Raising rents by 5%-10% could increase gross rent to $193,372-$202,584 annually, boosting NOI by $9,208-$18,420 with no added costs. Annual expenses of $92,578 include property taxes, insurance, and management, common area electric, maintenance, landscaping & snow removal, oil heat, sewer, water, trash. Property Details: 211-215 1st St: 6-unit, 3-story low-rise (6,300 sq.ft., built 2001) with oil heating and public water/sewer. Lot: 62x80 (4,960 sq.ft.). 203 1st St: 6-unit residential conversion (6 apts, 6,302 sq.ft. total, built 1875) on a sprawling 33,000 sq.ft. lot Features a garage for extra income potential. Upside Opportunities: Revenue Growth: Increasing rents to market rates for an annual gross of $193,372, increasing NOI to $100,800. Cost Efficiency: Reduce the expense ratio by optimizing landscaping/snow removal or billing tenants for sewer, water, & trash. Convert 6 units at 211-215 1st St. to tenant paid electric baseboard heat eliminating the oil heat. This turnkey asset delivers immediate cash flow, a 7.33% cap rate, and a clear path to scale returns.
Slatington is located in Pennsylvania. Slatington, Pennsylvania has a population of 4,276. Slatington is more family-centric than the surrounding county with 36.1% of the households containing married families with children. The county average for households married with children is 29.75%.
The median household income in Slatington, Pennsylvania is $45,271. The median household income for the surrounding county is $69,440 compared to the national median of $69,021. The median age of people living in Slatington is 33.8 years.
The average high temperature in July is 84.9 degrees, with an average low temperature in January of 16.4 degrees. The average rainfall is approximately 47.7 inches per year, with 35 inches of snow per year.
