PRIME OPPORTUNITY to own a well maintained, updated, fully occupied 4-unit investment property on Union Hill in Franklin Township for less than $300K!!!!
Set upon Union Hill, this property features 1, 3-bedroom 1-bath unit, 2-bedroom 1-bath unit, and 2, 1-bedroom 1-bath units. All are in great condition! The property offers a huge, wrap-around front porch, 2nd floor porch and incredible views of the Lehigh River and Mahoning Valley!!! Parking includes a 2-car garage for unit 103, PLUS a 3-car parking pad, for other tenants! Garage also includes "landlord storage space" on the main level, and "community" storage space for tenants on the lower level!
3/4 of the occupants are long-term tenants, longest running is 19 years!!!
Landlord pays oil heat, water and sewer, pest control contract, and professional property management. Tenants pay their own electric and hot water.
Cap Rate of 7%. Without property management, Cap would be closer to 8%.
Great opportunity! See it TODAY!!!
Sold for $240,000 on 01/31/25
$240,000
103 State Rd, Lehighton, PA 18235
7beds
2,300sqft
Multi Family, Apartment
Built in 1882
-- sqft lot
$206,500 Zestimate®
$104/sqft
$1,206 Estimated rent
Home value
$206,500
$157,000 - $260,000
$1,206/mo
Zestimate® history
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What's special
Zillow last checked: 8 hours ago
Listing updated: February 10, 2025 at 09:16am
Listed by:
Robert V. Ritter III 610-462-4727,
Weichert Realtors - Allentown
Bought with:
Matthew L. Bell, RS324807
Keller Williams Northampton
Source: GLVR,MLS#: 748902
Originating MLS: Lehigh Valley MLS
Originating MLS: Lehigh Valley MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Forced Air, Oil
Cooling
- Ceiling Fan(s), None
Features
- Balcony
- Flooring: Carpet
Interior area
- Total interior livable area: 2,300 sqft
Property
Parking
- Total spaces: 5
- Parking features: Detached, Garage, Off Street
- Has garage: Yes
Features
- Stories: 2
Lot
- Size: 6,969 sqft
Details
- Parcel number: 70E11111
- Zoning: R
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family, Apartment
Materials
- Vinyl Siding
Condition
- Unknown
- Year built: 1882
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available
Community & neighborhood
Security
- Security features: Smoke Detector(s)
Location
- Region: Lehighton
- Subdivision: Not in Development
Other
Other facts
- Listing terms: Cash,Conventional
Price history
| Date | Event | Price |
|---|---|---|
| 9/9/2025 | Listing removed | $1,200$1/sqft |
Source: GLVR #764236 | ||
| 9/5/2025 | Listed for rent | $1,200+9.6%$1/sqft |
Source: GLVR #764236 | ||
| 1/31/2025 | Sold | $240,000-4%$104/sqft |
Source:  GLVR #748902 | ||
| 12/29/2024 | Pending sale | $249,900$109/sqft |
Source: GLVR #748902 | ||
| 11/25/2024 | Listed for sale | $249,900+72.3%$109/sqft |
Source: GLVR #748902 | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,906 +5.5% | $37,935 |
| 2024 | $2,754 +1% | $37,935 |
| 2023 | $2,726 | $37,935 |
Find assessor info on the county website
Neighborhood: Weissport East
Nearby schools
GreatSchools rating
- 6/10Lehighton Area Elementary SchoolGrades: PK-5Distance: 1.4 mi
- 6/10Lehighton Area Middle SchoolGrades: 6-8Distance: 1.4 mi
- 6/10Lehighton Area High SchoolGrades: 9-12Distance: 1.5 mi
Schools provided by the listing agent
- District: Lehighton
Source: GLVR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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$206,500
2% more+ $4,130
With Zillow Showcase(estimated)
$210,630