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Executive Summary

8-Unit Apartment Building including 6 garages and 10 storage units for Sale – Prime Investment Opportunity in Pen Argyl! Exceptional opportunity to own a well-maintained multifamily property in the heart of Pen Argyl’s desirable Slate Belt region. This strong income-producing asset generates a gross annual income of $172,620 with a net operating income of $145,509 and an impressive 8% cap rate, offering excellent long-term cash flow potential and investment stability. The property features eight spacious 2-bedroom, 1-bath apartments with strong rental demand. Several units offer hardwood flooring in the living rooms and bedrooms, adding warmth and character throughout, while many units have been completely remodeled with updated finishes that enhance tenant appeal. Recent capital improvements include a new heating system, new sump pump, and new hot water heater, helping minimize future maintenance costs and providing peace of mind for investors. Owner currently pays heat and hot water, offering added value for residents. Additional income opportunities come from the property’s 6 garages and 10 storage units, providing added convenience for tenants and increased revenue potential. A large basement storage area further enhances the property’s functionality and appeal. Conveniently located near shopping, schools, and major commuter routes, this turnkey multifamily investment is ideal for both seasoned investors and those looking to expand into the apartment market. Don’t miss this outstanding opportunity to own a solid, cash-flowing asset with upside potential in a growing rental market.

Data Room Click Here to Access

Financial Summary (Actual - 2025)

Annual (CAD) Annual Per SF (CAD)
Gross Rental Income $237,895 $15.40
Other Income - -
Vacancy Loss - -
Effective Gross Income $237,895 $15.40
Taxes - -
Operating Expenses - -
Total Expenses $37,363 $2.42
Net Operating Income $200,532 $12.98

Financial Summary (Actual - 2025)

Gross Rental Income (CAD)
Annual $237,895
Annual Per SF $15.40
Other Income (CAD)
Annual -
Annual Per SF -
Vacancy Loss (CAD)
Annual -
Annual Per SF -
Effective Gross Income (CAD)
Annual $237,895
Annual Per SF $15.40
Taxes (CAD)
Annual -
Annual Per SF -
Operating Expenses (CAD)
Annual -
Annual Per SF -
Total Expenses (CAD)
Annual $37,363
Annual Per SF $2.42
Net Operating Income (CAD)
Annual $200,532
Annual Per SF $12.98

Property Facts

Price $2,411,745 CAD
Price Per Unit $301,468 CAD
Sale Type Investment
Cap Rate 8.31%
No. Units 8
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class C
Lot Size 0.18 AC
Building Size 15,448 SF
Average Occupancy 100%
No. Stories 2
Year Built 1900
Zoning R78

Amenities

Unit Amenities

  • Air Conditioning
  • Balcony
  • Kitchen
  • Tub/Shower
  • Patio

Site Amenities

  • Storage Space

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
2+1 8 - -
Fairly walkable
40/100
Moderately drivable
70/100
Limited public transit
30/100
Somewhat bikeable
20/100

Property Taxes

Property Taxes

Parcel Number
E8NE3A-2-4-0625
Land Assessment
$15,088 CAD (2026)
Improvements Assessment
$130,810 CAD (2026)
Total Assessment
$145,898 CAD (2026)
  • Listing ID: 40692443

  • Date on Market: 2026-05-28

  • Last Updated:

  • Address: 435 W Main St, Pen Argyl, PA 18072

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