139 S Main Street, Nazareth, PA 18064
$820,000
Property Type:
Residential Income
Square Footage:
7,272
Lot Size (sq. ft.):
5,663
Status:
Closed
Current Price:
$820,000
List Date:
8/01/2024
Last Modified:
3/01/2025
Overview
Description
Listing Details MLS# PM-117496
General Property Information
- Building Area Total
- 7272
- Building Area Source
- Public Records
- Stories
- 3
- Number Of Buildings
- Yes
- Year Built
- 1900
- Basement YN
- No
- Lot Size Acres
- 0.13
- List Price/SqFt
- 123.75
- Sold Price/SqFt
- 112.76
Property Features
Listing Terms:
Cash; Conventional; Other
Possession:
Close Of Escrow
Construction Materials:
Brick
Roof:
Other
Cooling:
Ceiling Fan(s)
Heating:
Electric
Water Heater:
Gas
Appliances:
Water Heater
Water Source:
Public
Sewer:
Public Sewer
Exterior Features:
Balcony
Parking Features:
Off Site
Road Frontage Type:
City Street
Road Surface Type:
Paved
Road Responsibility:
Public Maintained Road
Contract Information
- Property Sub Type
- Multi Family
- Listing Contract Date
- 2024-07-26
- Listing Service
- Full Service
Location Tax and Legal
- County
- Northampton
- Street Number
- 139
- Street Direction Prefix
- S
- Street Name
- Main
- Street Suffix
- Street
- City (Post Office)
- Nazareth
- State
- PA
- Postal Code
- 18064
- Subdivision Name
- None
Remarks and Miscellaneous
- Public Historical Remarks
- Type: Built as Apartment, Roof: Pitched, Kitchens: Modern, Bathrooms: Modern, Unit 6 Floor #: 1, Unit 5 Floor #: 1, Miscellaneous: Zoning Code Gc, Miscellaneous: Cert of Occ Req'd Yes. Unit 5 Floor #: 1. Unit 6 Floor #: 1
- Public Remarks
- INVESTMENT OPPORTUNITY IN DOWNTOWN NAZARETH! Nestled on bustling Main Street, this stunning 6-unit historic building exhibits charm with its quality brickwork, intricate Italianate details, and a striking segmented pediment atop a large cornice. The ground floor features 2 prime commercial spaces, one of which is already leased, while the upper floors house 4 modestly updated and fully occupied residential units. With current gross rents at approximately $75k and the potential to reach $90k upon leasing the second commercial space, this property is a gem for long term portfolio investors. Don't miss the chance to own a piece of Nazareth's history while enjoying a gilt-edge portfolio addition!
Status Change Information
- Purchase Contract Date
- 2024-10-02
- Close Date
- 2025-01-30
- Close Price
- 820000
More Information
Unit 1
- Unit #
- Yes
- Occupied YN
- Y
- Actual Rent
- 1400
- SqFt Total
- 871
- Rooms Total
- 6
Unit 2
- Unit #
- 2
- Occupied YN
- Y
- Actual Rent
- 1325
- SqFt Total
- 871
- Rooms Total
- 6
Unit 3
- Unit #
- 3
- Occupied YN
- Y
- Actual Rent
- 1400
- SqFt Total
- 975
- Rooms Total
- 6
Unit 4
- Unit #
- 4
- Occupied YN
- Y
- SqFt Total
- 975
- Rooms Total
- 6
Unit 5
- Unit #
- 5 Commercial 1
- Actual Rent
- 800
- SqFt Total
- 975
Unit 6
- Unit #
- 6 Commercial 2
- SqFt Total
- 975
Unit Details
- 2 Bedroom
- 4
Location, Tax, and Legal
- Parcel Number
- J7SE3A-9-11-0421
- Municipality
- Nazareth Borough
- High School District
- Nazareth Area
- Cnty&Muni Taxes (Legacy)
- 2190.64
- School Tax Amount
- 4531.79
- Tax Annual Amount
- 6722.43
- Tax Assessed Value
- 78800
- Tax Book Number
- 2023-1/159953
- Zoning Description
- Commercial
Currently Not Used
- Number Of Units Total
- 6
Listing Terms
- Cash
- Yes
- Conventional
- Yes
- Other
- Yes
Possession
- Close Of Escrow
- Yes
Construction Materials
- Brick
- Yes
Roof
- Other
- Yes
Cooling
- Ceiling Fan(s)
- Yes
Heating
- Electric
- Yes
Water Heater
- Gas
- Yes
Appliances
- Water Heater
- Yes
Water Source
- Public
- Yes
Sewer
- Public Sewer
- Yes
Exterior Features
- Balcony
- Yes
Parking Features
- Off Site
- Yes
Road Frontage Type
- City Street
- Yes
Road Surface Type
- Paved
- Yes
Road Responsibility
- Public Maintained Road
- Yes
Listing Office:
Redstone Run Realty, LLC - Stroudsburg
Last Updated: March - 01 - 2025
Information deemed reliable but not guaranteed.
