500 W Pennsylvania Ave Pen Argyl Boro, PA 18072
Property details
About 500 W Pennsylvania Ave
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.
Highlights
Summary
- Full Bathrooms: 4
- Total Bedroom Count: 5
- Parking: No Garage, On Street
- Heating: Baseboard, Electric
- Cooling: None
- List Price: $495,000
- Price/SqFt: $180
- Directions: PA-33 N, take PA-512 N Exit, Right on Park Ave, Left on N Lehigh Ave, straight on W Pennsylvania Ave, building will be on the right.
- Year Built: 1900
- Stories: 2
- Living Area: 2,745 SqFt
- Lot Size: 0.14 Acres
- MLS Number: 759214
- MLS Name: HIGH
- Office Name: CENTURY 21 Pinnacle
- Office Phone: (610) 691-0535
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Last updated on: 7/24/2025, 4:45:30 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
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Tax history
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Nearby schools
6
Washington Elementary School
Public District 3-4
2.9 mi
•381 Washington Blvd
5
Hamilton Township Elementary School
Public District KG-4
4.5 mi
•HC Box
6
Plainfield Elementary School
Public District KG-3
5.5 mi
•539 School Rd
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $52,876. Most Pen Argyl Boro, PA residents have annual incomes between $35k-100k. Residents typically live in single, no kids family. Typical level of education for residents in this area is high school diploma.
How much money do the neighbors make?
What level of education do the neighbors have?
What types of families live nearby?
Are the neighbors home owners or renters?
How old are people in this area?
What do the neighbors do for fun?
Extreme Sports
Figure Skating
College Football
Where do the neighbors shop?
Academy Sports & Outdoors
Kmart
Express/Express For Men
Where do the neighbors go to eat?
Little Caesars
Bob Evans
Sonic
What do the neighbors drive?
Chevrolet
Buick
Kia
What do the neighbors listen to?
Country
Oldies
New Country
Frequently asked questions
About 500 W Pennsylvania Ave
The listing price of 500 W Pennsylvania Ave property is $495,000.
The property 500 W Pennsylvania Ave is a condo located in Pen Argyl Boro, Pennsylvania, 18072.
Active Listing: 500 W Pennsylvania Ave is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 500 W Pennsylvania Ave are: Washington Elementary School (GreatSchools Rating 6/10), Hamilton Township Elementary School (GreatSchools Rating 5/10), Plainfield Elementary School (GreatSchools Rating 6/10), Wind Gap Middle School (GreatSchools Rating 5/10), Bangor Area Middle School (GreatSchools Rating 6/10), Defranco Elementary School (GreatSchools Rating 5/10), Pen Argyl Area High School (GreatSchools Rating 7/10), Bangor Area High School (GreatSchools Rating 6/10), Pleasant Valley High School (GreatSchools Rating 6/10).
The property at 500 W Pennsylvania Ave has 5 bedrooms and 4 bathrooms.
The property 500 W Pennsylvania Ave is 2,745 SqFt (source: MLS/tax record).
The year of construction for 500 W Pennsylvania Ave is 1900.
This home is located at 500 W Pennsylvania Ave in Pen Argyl Boro, PA and zip code 18072. This 2,745 square foot home, which was built in 1900, sits on a 0.14 acre lot. Features: 5 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since June 17, 2025 and is currently priced at $495,000.
Pen Argyl Boro, PA housing market in June 2025 saw over 1 listings sold above listed price, more than 3 sold at listed price and over 2 sold below. The number of homes for sale in Pen Argyl Boro, PA did not change between May and June 2025. In June 2025, listings were on the market for 32 days. During the same period, the median list price in this real estate market was $249,950.