USAPALansfordNo Subdivision149 W Ridge St

New

$600,000

For Sale

A day ago

149 W Ridge St, Lansford, PA

Name: 149 W Ridge St, For Sale in Lansford - eXp Realty
Brand: Steel City Realty
SKU: 780415
Price: 600000 USD

Condo

MLS® 780415

11 Bed

5 Bath

5300 sqft

8 Parking

Key Facts
Description
Map

Key Facts

Type Apartment

Levels Residential Income

Size 5300 sqft

Garage

HOA Fees

Taxes $5,257

Days Active 1

Approx. Age 1929

Avg. Price Per Sqft $113

MLS® Number 780415

Property Address: 149 W Ridge St, Lansford, PA, 18232-1321

Average square foot calculated using Size range provided by listing agent.

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.

MLS® Number780415

Locker

Ensuite Laundry

Balcony

Furnished

Laundry Level

Exposure

Exterior

Garage

Approx. Age1929

Stories3

Pets

Included in Maintenance Fee

Heat

Hydro

Water

Building Insurance

Condo Taxes

Cable TV

Central Air

Parking Maintenance

Utilities

HeatBaseboard, Electric

A/CNone, Wall Window Units

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

Jul 12, 2026List Date

$600,000List Price

Commute

Commute

Starting Address

Destination Address

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