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662 Main St, Slatington, PA, 18080

6beds
1baths
5,614sqft
$650,000
$116price/sqft
$4,885/moest. monthly cost
$195,400/yrincome needed

About This Home

Turnkey 4-unit investment opportunity generating strong cash flow in a prime downtown location. This well-maintained property produces $78,600 in gross annual income with an impressive net income of $63,542, delivering a 9.77% cap rate. The building has been extensively updated, featuring a newer roof, modernized kitchens and bathrooms, and durable LVP flooring throughout most of the building. Over $70,000 in improvements have been invested into the thriving daycare tenant occupying the first floor, adding long-term stability to the income stream. Additional highlights include off-street parking, with ample free public parking nearby for tenants and visitors. Ideally situated within walking distance to restaurants, shops, and everyday conveniences, this property benefits from strong rental demand. Value-add potential remains with opportunities to introduce on-site laundry, create additional storage income, and possibly expand existing units to further increase returns. A solid, income-producing asset ready to enhance any investment portfolio.

Getting Around

61
WalkingSomewhat Walkable
0
TransitVery Limited Transit
57
BikeBikeable

Schools

6/10
Slatington El SchoolGrades 3-61.1 mi
5/10

Construction

Condition

  • Property condition: Unknown
  • Year built: 1900

Materials

  • Construction materials: Brick

Type & Style

  • Home type: MultiFamily
  • Property subType: Mixed Use,Multi Family,Apartment

Interior

Bedrooms & Bathrooms

  • Bedrooms: 6
  • Bathrooms: 1
  • Full bathrooms: 4

Heating & Cooling

  • Heating features: Baseboard,Electric
  • Cooling features: None

Interior Area

  • Total interior livable area: 5,614 sqft

Property

Details

  • Parcel number: 556203543664 1
  • Zoning: TC
  • Special condition: None

Features

  • Stories: 3

Lot

  • Lot size: 2,657 sqft

Parking

  • Total spaces: 4
  • Parking features: Off Street,On Street
  • Has uncovered spaces: Yes