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

Description

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!

More Information MLS# PM-117496

Contract Information

Listing Service: Full Service Property Sub Type: Multi Family Sold Price: $820,000 Current Price: $820,000 Status: Closed Listing Contract Date: 2024-07-26

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

General Property Information

Building Area Source: Public Records Stories: 3 Number Of Buildings: 1 Basement YN: No Lot Size Acres: 0.13 List Price/SqFt: 123.75 Sold Price/SqFt: 112.76 Building Area Total: 7272 Year Built: 1900

Currently Not Used

Number Of Units Total: 6

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!

Unit Details

2 Bedroom: 4

Listing Terms

Cash: 1 Conventional: 1 Other: 1

Possession

Close Of Escrow: 1

Unit 1

Unit #: 1 Occupied YN: Y Actual Rent: 1400 SqFt Total: 871 Rooms Total: 6 Beds Total: 2 Baths Total: 1

Unit 2

Unit #: 2 Occupied YN: Y Actual Rent: 1325 SqFt Total: 871 Rooms Total: 6 Beds Total: 2 Baths Total: 1

Unit 3

Unit #: 3 Occupied YN: Y Actual Rent: 1400 SqFt Total: 975 Rooms Total: 6 Beds Total: 2 Baths Total: 1

Unit 4

Unit #: 4 Occupied YN: Y SqFt Total: 975 Rooms Total: 6 Beds Total: 2 Baths Total: 1

Unit 5

Unit #: 5 Commercial 1 Actual Rent: 800 SqFt Total: 975

Unit 6

Unit #: 6 Commercial 2 SqFt Total: 975

Construction Materials

Brick: 1

Roof

Other: 1

Cooling

Ceiling Fan(s): 1

Heating

Electric: 1

Water Heater

Gas: 1

Appliances

Water Heater: 1

Water Source

Public: 1

Sewer

Public Sewer: 1

Exterior Features

Balcony: 1

Parking Features

Off Site: 1

Road Frontage Type

City Street: 1

Road Surface Type

Paved: 1

Road Responsibility

Public Maintained Road: 1

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

Status Change Information

Purchase Contract Date: 2024-10-02 Close Date: 2025-01-30 Close Price: 820000

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

Listing Office: Redstone Run Realty, LLC - Stroudsburg

Last Updated: March - 01 - 2025

Information deemed reliable but not guaranteed.