Wolf School Apartments 215 E High St 18 Unit Apartment Building $6,323,850 CAD ($351,325 CAD/Unit) 6.70% Cap Rate Hellertown, PA 18055

Wolf School Apartments is an 18-unit multifamily community located at 215 E. High Street in Hellertown, Northampton County, Pennsylvania. Positioned within the highly desirable Lehigh Valley market, the Property offers investors the rare opportunity to acquire a stabilized multifamily asset with meaningful rental upside in one of Eastern Pennsylvania’s strongest rental markets.
The Property consists of 18 apartment units, including (7) one-bedroom/one-bath units averaging $1,495 per month, (5) two-bedroom/one-bath units averaging $1,754 per month, and (6) two-bedroom/one-bath units with private entrances averaging $1,933 per month. Units feature spacious and functional layouts with modern finishes and efficient floor plans designed for comfortable everyday living. The diverse unit mix appeals to a broad tenant base, including young professionals, families, and downsizing residents seeking quality housing within proximity to major employment centers. Current in-place rents remain below projected market rents for comparable properties in the surrounding submarket, creating a strong opportunity for continued rental upside and operational growth. There is potential to increase rents by approximately 5–10% to align with market levels.
Wolf School Apartments benefits from its strategic location in Hellertown, offering convenient access to Routes 78, 412, and 33, connecting residents to Bethlehem, Allentown, Easton, and the Greater Lehigh Valley Region. Major employers in the surrounding area include St. Luke’s University Health Network, Lehigh Valley Health Network, Lehigh University, Wind Creek Casino & Resort, and numerous industrial and distribution operators throughout the Region. The Property is also located within the highly regarded Saucon Valley School District, a key draw for families seeking quality housing in the area. In addition, residents enjoy nearby access to local restaurants, shopping, parks, and the Saucon Valley area’s growing retail corridor.
With a strong suburban location in the heart of the Lehigh Valley, stable in-place income, desirable unit mix, and continued rental upside, Wolf School Apartments is an attractive investment opportunity for buyers seeking durable cash flow and long-term appreciation potential.
The proximity to major employment centers, regional transportation corridors, and the growing Bethlehem and Hellertown Markets further supports the Property’s appeal as a stable multifamily investment within one of Eastern Pennsylvania’s strongest rental markets.