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.
For sale
Price cut: $30.1K (7/29)
$619,900
662 Main St, Slatington, PA 18080
6beds
5,614sqft
Mixed Use, Multi Family, Apartment
Built in 1900
-- sqft lot
$600,400 Zestimate®
$110/sqft
$-- HOA
What's special
- 71 days
- 162
- 4
Zillow last checked:
Listing updated:
Listed by:
Bob Susko Jr. 610-751-1896,
RE/MAX Real Estate 610-770-9000
Source: GLVR,MLS#: 781710
Originating MLS: Lehigh Valley MLS
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 1
- Full bathrooms: 4
Heating
- Baseboard, Electric
Cooling
- None
Interior area
- Total interior livable area: 5,614 sqft
Property
Parking
- Total spaces: 4
- Parking features: Off Street, On Street
- Has uncovered spaces: Yes
Features
- Stories: 3
Lot
- Size: 2,657 Square Feet
Details
- Parcel number: 556203543664 1
- Zoning: TC
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Mixed Use, Multi Family, Apartment
Materials
- Brick
Condition
- Unknown
- Year built: 1900
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: Not in Development
Location
- Region: Slatington
Financial & listing details
- Price per square foot: $110/sqft
- Tax assessed value: $183,100
- Annual tax amount: $7,208
- Date on market: 7/29/2026
Estimated market value
$600,400
$570,000 - $630,000
$1,575/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/29/2026 | Price change | $619,900-4.6%$110/sqft |
Source: | ||
| 5/5/2026 | Listed for sale | $650,000+35.4%$116/sqft |
Source: | ||
| 7/31/2024 | Sold | $480,000-3.8%$86/sqft |
Source: | ||
| 6/13/2024 | Pending sale | $499,000$89/sqft |
Source: | ||
| 6/6/2024 | Listed for sale | $499,000+87.6%$89/sqft |
Source: | ||
| 1/8/2024 | Listing removed | -- |
Source: GLVR #729250 Report a problem | ||
| 12/31/2023 | Price change | $1,399-3.5% |
Source: GLVR #729250 Report a problem | ||
| 12/8/2023 | Listed for rent | $1,450 |
Source: GLVR #729250 Report a problem | ||
| 10/16/2023 | Sold | $266,000-9.8%$47/sqft |
Source: | ||
| 10/2/2023 | Pending sale | $295,000$53/sqft |
Source: | ||
| 9/17/2023 | Listed for sale | $295,000+115.3%$53/sqft |
Source: | ||
| 9/25/2014 | Sold | $137,000$24/sqft |
Source: | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 18080
Nearby schools
Schools provided by the listing agent
- District: Northern Lehigh
Source: GLVR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.







