$820,000
Nazareth, PA 18064
MLS# PM-117496
Status: Closed
7272 sqft
1 / 24
Property Description
INVESTMENT OPPORTUNITY IN DOWNTOWN NAZARETH! Nestled on bustling Main Street, this stunning 6-unit historic building exhibits charm with its quality brickwork, intricate Italianate details, and a striking segmented pediment atop a large cornice. The ground floor features 2 prime commercial spaces, one of which is already leased, while the upper floors house 4 modestly updated and fully occupied residential units. With current gross rents at approximately $75k and the potential to reach $90k upon leasing the second commercial space, this property is a gem for long term portfolio investors. Don't miss the chance to own a piece of Nazareth's history while enjoying a gilt-edge portfolio addition!
Details
Maps
Contract Information
Listing Service: Full Service
Property Sub Type: Multi Family
Sold Price: $820,000
Current Price: $820,000
Status: Closed
Listing Contract Date: 2024-07-26
Location, Tax, and Legal
Parcel Number: J7SE3A-9-11-0421
Municipality: Nazareth Borough
High School District: Nazareth Area
Cnty&Muni Taxes (Legacy): 2190.64
School Tax Amount: 4531.79
Tax Annual Amount: 6722.43
Tax Assessed Value: 78800
Tax Book Number: 2023-1/159953
Zoning Description: Commercial
General Property Information
Building Area Source: Public Records
Stories: 3
Number Of Buildings: 1
Basement YN: No
Lot Size Acres: 0.13
List Price/SqFt: 123.75
Sold Price/SqFt: 112.76
Building Area Total: 7272
Year Built: 1900
Currently Not Used
Number Of Units Total: 6
Remarks and Miscellaneous
Public Historical Remarks: Type: Built as Apartment, Roof: Pitched, Kitchens: Modern, Bathrooms: Modern, Unit 6 Floor #: 1, Unit 5 Floor #: 1, Miscellaneous: Zoning Code Gc, Miscellaneous: Cert of Occ Req'd Yes. Unit 5 Floor #: 1. Unit 6 Floor #: 1
Public Remarks: INVESTMENT OPPORTUNITY IN DOWNTOWN NAZARETH! Nestled on bustling Main Street, this stunning 6-unit historic building exhibits charm with its quality brickwork, intricate Italianate details, and a striking segmented pediment atop a large cornice. The ground floor features 2 prime commercial spaces, one of which is already leased, while the upper floors house 4 modestly updated and fully occupied residential units. With current gross rents at approximately $75k and the potential to reach $90k upon leasing the second commercial space, this property is a gem for long term portfolio investors. Don't miss the chance to own a piece of Nazareth's history while enjoying a gilt-edge portfolio addition!
Unit Details
2 Bedroom: 4
Listing Terms
Cash: 1
Conventional: 1
Other: 1
Possession
Close Of Escrow: 1
Unit 1
Unit #: 1
Occupied YN: Y
Actual Rent: 1400
SqFt Total: 871
Rooms Total: 6
Beds Total: 2
Baths Total: 1
Unit 2
Unit #: 2
Occupied YN: Y
Actual Rent: 1325
SqFt Total: 871
Rooms Total: 6
Beds Total: 2
Baths Total: 1
Unit 3
Unit #: 3
Occupied YN: Y
Actual Rent: 1400
SqFt Total: 975
Rooms Total: 6
Beds Total: 2
Baths Total: 1
Unit 4
Unit #: 4
Occupied YN: Y
SqFt Total: 975
Rooms Total: 6
Beds Total: 2
Baths Total: 1
Unit 5
Unit #: 5 Commercial 1
Actual Rent: 800
SqFt Total: 975
Unit 6
Unit #: 6 Commercial 2
SqFt Total: 975
Construction Materials
Brick: 1
Roof
Other: 1
Cooling
Ceiling Fan(s): 1
Heating
Electric: 1
Water Heater
Gas: 1
Appliances
Water Heater: 1
Water Source
Public: 1
Sewer
Public Sewer: 1
Exterior Features
Balcony: 1
Parking Features
Off Site: 1
Road Frontage Type
City Street: 1
Road Surface Type
Paved: 1
Road Responsibility
Public Maintained Road: 1
Location Tax and Legal
County: Northampton
Street Number: 139
Street Direction Prefix: S
Street Name: Main
Street Suffix: Street
City (Post Office): Nazareth
State: PA
Postal Code: 18064
Subdivision Name: None
Status Change Information
Purchase Contract Date: 2024-10-02
Close Date: 2025-01-30
Close Price: 820000
Property Features
Listing Terms: Cash; Conventional; Other
Possession: Close Of Escrow
Construction Materials: Brick
Roof: Other
Cooling: Ceiling Fan(s)
Heating: Electric
Water Heater: Gas
Appliances: Water Heater
Water Source: Public
Sewer: Public Sewer
Exterior Features: Balcony
Parking Features: Off Site
Road Frontage Type: City Street
Road Surface Type: Paved
Road Responsibility: Public Maintained Road
Listing Office: Redstone Run Realty, LLC - Stroudsburg
Last Updated: March - 01 - 2025
Information deemed reliable but not guaranteed.