149 W Ridge ST, Lansford Boro, PA 18232
149 W Ridge ST, Lansford Boro, PA 18232
149 W Ridge ST, Lansford Boro, PA 18232
149 W Ridge ST, Lansford Boro, PA 18232
149 W Ridge ST, Lansford Boro, PA 18232
149 W Ridge ST, Lansford Boro, PA 18232
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Heather McFadden

Heather McFadden

+1(610) 360-1137
$ 600,000
Est. payment | /mo

11 Beds

5 Baths

5,300 SqFt

Save
$ 600,000
Est. payment | /mo
Save

11 Beds

5 Baths

5,300 SqFt

Key Details

Property Type Apartment

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Square Footage 5,300 sqft

Price per Sqft $113

Subdivision No Subdivision

MLS Listing ID 780415

Bedrooms 11

Full Baths 5

HOA Y/N No

Year Built 1929

Annual Tax Amount $5,257

Lot Size 3,136 Sqft

Acres 0.072

Lot Dimensions 60X52AV

Property Sub-Type Apartment

Property Description

$78,600 GROSS INCOME | $64,178 NOI | 10.70% CAP RATE AT $600,000. This extensively renovated 5-unit multifamily asset combines strong current income, a highly rentable unit mix, attractive curb appeal, and more than $216,000 in documented improvements. The property includes two 3-bedroom units, two 2-bedroom units, and one 1-bedroom unit, producing total monthly rents of $6,550. All five apartments were substantially refreshed with repaired walls and ceilings, fresh neutral paint, mold-resistant coatings, subfloor repairs, durable wood-look flooring, updated kitchens with new cabinetry and countertops where required, renovated bathrooms with updated vanities, fixtures, mirrors, toilets, and tub surrounds, upgraded lighting and outlets, and replacement appliances where needed. The finished units are bright, clean, and highly marketable, offering generous room sizes, modern finishes, abundant natural light, and practical layouts designed to attract a broad tenant base. Common areas were also improved with fresh paint, durable wall finishes, stair safety upgrades, and added windows for natural light. Beyond the interiors, ownership addressed the expensive items investors worry about most. Major capital work included a complete roof tear-off and replacement, reinforcement of compromised framing from the basement through the third floor, engineer-stamped and city-approved structural repairs, rebuilt rear wall sections, installation of an air and moisture barrier, insulated vinyl siding, exterior painting, replacement energy-efficient windows, new fire-rated entry and apartment doors, upgraded locks and hardware, repaired stair framing, updated handrails and guardrails, electrical improvements, plumbing repairs, and a new interconnected 25-device smoke-detector system. The result is not a superficial flip, but a substantially improved income property with reduced deferred-maintenance risk and limited near-term capital exposure. The building presents with a clean, prominent residential appearance against a scenic hillside backdrop and includes five lined off-street parking spaces, public water and sewer, electric baseboard heat, separate apartment layouts, and low reported operating expenses. At the asking price, the property offers a projected 10.70% cap rate, immediate cash-flow potential, diversified rental income, and the long-term wealth-building advantages of owning a renovated multifamily asset rather than inheriting years of neglected capital work. Financials reflect current and projected rents; buyer to verify all figures.

Location

State PA

County Carbon

Area Lansford

Direction Take PA-145 N / MacArthur Rd toward Walnutport. Continue toward PA-248 W. Follow US-209 S toward Lehighton / Jim Thorpe / Nesquehoning. Continue into Lansford.Turn onto W Bertsch St and follow it to 149 W Bertsch St. 35–45 minutes from Allentown

Interior

Interior Features Balcony

Heating Baseboard, Electric

Cooling None, Wall/Window Unit(s)

Flooring Hardwood

Fireplace No

Exterior

Water Access Desc Public

Total Parking Spaces 8

Building

Story 3

Sewer Public Sewer

Water Public

Schools

School District Panther Valley

Others

Senior Community No

Tax ID 122A2-24-A14

Special Listing Condition None

Listed by Steel City Realty

Nearby Locations

Heather McFadden

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(610) 360-1137

heather.m@morganelliproperties.com

1124 Linden Street, Bethlehem, Pennsylvania 18018, USA

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149 W Ridge ST