194 Bankway St · Lehighton, PA 18235

$109,900

None bd · None ba · 2,900 sqft · MultiFamily · 6 Days on market

Built 1924 Fair condition 0.37 ac lot $38/sqft · 48% below area Est $213k · 48% under

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Why this score? — see what drove the B grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +28.0/30.0
• ARV discount +15.0/15.0
• DSCR +9.9/10.0
• 1% rule +7.7/10.0
• Livability +3.9/5.0
• Schools +3.5/10.0
• Rent growth +2.5/5.0
• Condition / age +2.2/5.0
• Appreciation +0.0/10.0

Multi-family units

County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 1 unit. estimate disagrees with records

Listing remarks MLS

Unique opportunity in the heart of Lehighton! This synagogue/temple property is ideally located just off the downtown hub of 1st Street, placing it within walking distance to local shops, restaurants, and everyday conveniences. Situated on two parcels totaling approximately 0.369 acres, the property includes a character-filled brick structure along with an additional adjoining lot, offering flexibility for expansion, parking, or redevelopment. The building features approximately 1,450 sq ft with a finished lower level, providing multiple functional spaces including a large open gathering area, kitchen, and restrooms. Architectural details such as stained glass windows and the traditional sanctuary layout create a distinctive setting ready to be reimagined. The second parcel offers a gated grass parking lot, adding valuable off-street parking and accessibility. Located in an R3 Medium-High Density Residential zoning district, this property presents strong potential for conversion to apartments, a single-family residence, professional offices, or a mixed-use setup (buyer to verify). Commuters will appreciate convenient access to Route 209, Route 443, and the PA Turnpike Northeast Extension (I-476), making travel throughout the Lehigh Valley and beyond simple. Close proximity to the Lehigh River, local parks, and all that downtown Lehighton has to offer further enhances the appeal. Public water/sewer service. Being sold AS-IS, this is a rare opportunity to transform a truly unique property in a prime in-town location with strong upside potential.

Key facts

• 0.37 acre lot
• 10 parking spots
• Built 1924

Property features AI

Exterior

• Parking: Parking lot (about 10 spaces)
• Utilities: Public water; Public sewer
• Home design: Detached structure; Fee simple ownership
• Construction: Brick and masonry construction; Concrete perimeter foundation; Above-grade and below-grade structures; Estimated year built
• Exterior features: Parking lot with approximately 10 spaces; No tidal water

Interior

• Heating & cooling: Hot water heating; Baseboard hot water heating; Oil-fired heating and hot water
• Interior features: Estimated living area; Finished space both above and below grade

What this means for you Summary

Snapshot

• This is a multifamily listed at $110k. Condition is rated fair.

Deal economics

• At list price, monthly cash flow is $343 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $110k).
• Cap rate 10.0% vs local median 4.7% in Lehighton — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 77/100 on livability (#321 in PA, #2,848 nationally) — a middle-class / working-renter tenant base. Strengths: cost of living A+, health & safety A+, crime A-; Watch: employment D, commute F.
• Lehighton Area SD (suburban): math 32% / reading 50% proficiency, ranked #336 of 539 in PA (top 62%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 139 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 180 units permitted in Carbon County in 2024 (10 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $760 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• Carbon County population projected at -18% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $31k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• Only 6 days on market — expect competitive offers; lowballing is unlikely to land.
• 3 sale attempts with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Risks & watch-outs

• Watch-outs: built in 1924 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $109,900

Questions for the listing agent

1. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
2. Built in 1924 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
5. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
6. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.27% ✓
• Cap rate: 10.03%
• Cash-on-cash: 13.36%
• DSCR: 1.59
• GRM: 6.6

CMA / ARV

• ARV (median comp): $212,959
• List price: $109,900
• Delta: -48.39%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 5 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
194 Bankway St	0.00mi	—/—	2,900 (0%)	0mo	$109,900	$38	100
215-217 2nd St	0.47mi	8/3.0	3,000 (+3%)	1mo	$400,000	$133	72
193 S 4th	0.35mi	6/—	3,256 (+12%)	5mo	$360,000	$111	58
724--726 Iron St Unit 724-726	0.64mi	6/2.0	2,824 (-3%)	19mo	$334,000	$118	50
724-726 Iron St	0.64mi	6/2.0	2,824 (-3%)	19mo	$334,000	$118	50

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 3.4%
• Equity multiple: 1.13×
• Total profit: $4,030
• Equity at exit: $16,386

10-year hold

• IRR: 12.9%
• Equity multiple: 2.03×
• Total profit: $31,688
• Equity at exit: $9,502

Cash invested: $30,772 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 62 Landlord-Friendly
• State Pennsylvania: 62 Landlord-Friendly · EVEN
• County: — inherits STATE
• City: — inherits STATE

10-day notice; Philadelphia has eviction-court diversion + some protections; otherwise moderate.

Methodology + full state rankings →

ZIP-level market 18235

• Home prices YoY: -27.1%
• Active inventory: 139
• Price-to-rent: 6.6×

Monthly cashflow live

• Estimated rent: $1,395 medium
• Mortgage (P&I): −$576
• Tax est. 1.5%: −$137 /mo · $1,648/yr
• Insurance: −$46
• HOA: −$0
• Vacancy / Maint / Mgmt: −$293
• Net cashflow: $343

Break-even live

Break-even rent $961

Max offer price $109,900

Occupancy floor 70%

Sensitivity live

Price	-10% $419	-5% $381	+0% $343	+5% $305	+10% $267
Rent	-10% $232	-5% $287	+0% $343	+5% $398	+10% $453
Rate	-1.0pp $398	-0.5pp $371	base $343	+0.5pp $314	+1.0pp $285

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $27,475
• Closing costs: $3,297
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
144 Jamestown St Lehighton, PA	3.0	1.0	2163	$1,395	$0.64	3d	1	0.93mi

Listing history 6 events

1. 2026-05-13
   status Pending 1569-char remark

   Show marketing remark (1569 chars)

   Unique opportunity in the heart of Lehighton! This synagogue/temple property is ideally located just off the downtown hub of 1st Street, placing it within walking distance to local shops, restaurants, and everyday conveniences. Situated on two parcels totaling approximately 0.369 acres, the property includes a character-filled brick structure along with an additional adjoining lot, offering flexibility for expansion, parking, or redevelopment. The building features approximately 1,450 sq ft with a finished lower level, providing multiple functional spaces including a large open gathering area, kitchen, and restrooms. Architectural details such as stained glass windows and the traditional sanctuary layout create a distinctive setting ready to be reimagined. The second parcel offers a gated grass parking lot, adding valuable off-street parking and accessibility. Located in an R3 Medium-High Density Residential zoning district, this property presents strong potential for conversion to apartments, a single-family residence, professional offices, or a mixed-use setup (buyer to verify). Commuters will appreciate convenient access to Route 209, Route 443, and the PA Turnpike Northeast Extension (I-476), making travel throughout the Lehigh Valley and beyond simple. Close proximity to the Lehigh River, local parks, and all that downtown Lehighton has to offer further enhances the appeal. Public water/sewer service. Being sold AS-IS, this is a rare opportunity to transform a truly unique property in a prime in-town location with strong upside potential.

2. 2026-05-13
   status Pending 1569-char remark

   Show marketing remark (1569 chars)

   Unique opportunity in the heart of Lehighton! This synagogue/temple property is ideally located just off the downtown hub of 1st Street, placing it within walking distance to local shops, restaurants, and everyday conveniences. Situated on two parcels totaling approximately 0.369 acres, the property includes a character-filled brick structure along with an additional adjoining lot, offering flexibility for expansion, parking, or redevelopment. The building features approximately 1,450 sq ft with a finished lower level, providing multiple functional spaces including a large open gathering area, kitchen, and restrooms. Architectural details such as stained glass windows and the traditional sanctuary layout create a distinctive setting ready to be reimagined. The second parcel offers a gated grass parking lot, adding valuable off-street parking and accessibility. Located in an R3 Medium-High Density Residential zoning district, this property presents strong potential for conversion to apartments, a single-family residence, professional offices, or a mixed-use setup (buyer to verify). Commuters will appreciate convenient access to Route 209, Route 443, and the PA Turnpike Northeast Extension (I-476), making travel throughout the Lehigh Valley and beyond simple. Close proximity to the Lehigh River, local parks, and all that downtown Lehighton has to offer further enhances the appeal. Public water/sewer service. Being sold AS-IS, this is a rare opportunity to transform a truly unique property in a prime in-town location with strong upside potential.

3. 2026-05-13
   status Pending

   Show marketing remark (1569 chars)

   Unique opportunity in the heart of Lehighton! This synagogue/temple property is ideally located just off the downtown hub of 1st Street, placing it within walking distance to local shops, restaurants, and everyday conveniences. Situated on two parcels totaling approximately 0.369 acres, the property includes a character-filled brick structure along with an additional adjoining lot, offering flexibility for expansion, parking, or redevelopment. The building features approximately 1,450 sq ft with a finished lower level, providing multiple functional spaces including a large open gathering area, kitchen, and restrooms. Architectural details such as stained glass windows and the traditional sanctuary layout create a distinctive setting ready to be reimagined. The second parcel offers a gated grass parking lot, adding valuable off-street parking and accessibility. Located in an R3 Medium-High Density Residential zoning district, this property presents strong potential for conversion to apartments, a single-family residence, professional offices, or a mixed-use setup (buyer to verify). Commuters will appreciate convenient access to Route 209, Route 443, and the PA Turnpike Northeast Extension (I-476), making travel throughout the Lehigh Valley and beyond simple. Close proximity to the Lehigh River, local parks, and all that downtown Lehighton has to offer further enhances the appeal. Public water/sewer service. Being sold AS-IS, this is a rare opportunity to transform a truly unique property in a prime in-town location with strong upside potential.

4. 2026-05-07
   listed $109,900 Active 1569-char remark

   Show marketing remark (1569 chars)

   Unique opportunity in the heart of Lehighton! This synagogue/temple property is ideally located just off the downtown hub of 1st Street, placing it within walking distance to local shops, restaurants, and everyday conveniences. Situated on two parcels totaling approximately 0.369 acres, the property includes a character-filled brick structure along with an additional adjoining lot, offering flexibility for expansion, parking, or redevelopment. The building features approximately 1,450 sq ft with a finished lower level, providing multiple functional spaces including a large open gathering area, kitchen, and restrooms. Architectural details such as stained glass windows and the traditional sanctuary layout create a distinctive setting ready to be reimagined. The second parcel offers a gated grass parking lot, adding valuable off-street parking and accessibility. Located in an R3 Medium-High Density Residential zoning district, this property presents strong potential for conversion to apartments, a single-family residence, professional offices, or a mixed-use setup (buyer to verify). Commuters will appreciate convenient access to Route 209, Route 443, and the PA Turnpike Northeast Extension (I-476), making travel throughout the Lehigh Valley and beyond simple. Close proximity to the Lehigh River, local parks, and all that downtown Lehighton has to offer further enhances the appeal. Public water/sewer service. Being sold AS-IS, this is a rare opportunity to transform a truly unique property in a prime in-town location with strong upside potential.

5. 2026-05-07
   listed $109,900 Active 1569-char remark

   Show marketing remark (1569 chars)

   Unique opportunity in the heart of Lehighton! This synagogue/temple property is ideally located just off the downtown hub of 1st Street, placing it within walking distance to local shops, restaurants, and everyday conveniences. Situated on two parcels totaling approximately 0.369 acres, the property includes a character-filled brick structure along with an additional adjoining lot, offering flexibility for expansion, parking, or redevelopment. The building features approximately 1,450 sq ft with a finished lower level, providing multiple functional spaces including a large open gathering area, kitchen, and restrooms. Architectural details such as stained glass windows and the traditional sanctuary layout create a distinctive setting ready to be reimagined. The second parcel offers a gated grass parking lot, adding valuable off-street parking and accessibility. Located in an R3 Medium-High Density Residential zoning district, this property presents strong potential for conversion to apartments, a single-family residence, professional offices, or a mixed-use setup (buyer to verify). Commuters will appreciate convenient access to Route 209, Route 443, and the PA Turnpike Northeast Extension (I-476), making travel throughout the Lehigh Valley and beyond simple. Close proximity to the Lehigh River, local parks, and all that downtown Lehighton has to offer further enhances the appeal. Public water/sewer service. Being sold AS-IS, this is a rare opportunity to transform a truly unique property in a prime in-town location with strong upside potential.

6. 2026-05-07
   listed $109,900 Active

   Show marketing remark (1569 chars)

   Unique opportunity in the heart of Lehighton! This synagogue/temple property is ideally located just off the downtown hub of 1st Street, placing it within walking distance to local shops, restaurants, and everyday conveniences. Situated on two parcels totaling approximately 0.369 acres, the property includes a character-filled brick structure along with an additional adjoining lot, offering flexibility for expansion, parking, or redevelopment. The building features approximately 1,450 sq ft with a finished lower level, providing multiple functional spaces including a large open gathering area, kitchen, and restrooms. Architectural details such as stained glass windows and the traditional sanctuary layout create a distinctive setting ready to be reimagined. The second parcel offers a gated grass parking lot, adding valuable off-street parking and accessibility. Located in an R3 Medium-High Density Residential zoning district, this property presents strong potential for conversion to apartments, a single-family residence, professional offices, or a mixed-use setup (buyer to verify). Commuters will appreciate convenient access to Route 209, Route 443, and the PA Turnpike Northeast Extension (I-476), making travel throughout the Lehigh Valley and beyond simple. Close proximity to the Lehigh River, local parks, and all that downtown Lehighton has to offer further enhances the appeal. Public water/sewer service. Being sold AS-IS, this is a rare opportunity to transform a truly unique property in a prime in-town location with strong upside potential.

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 4/10 Moderate 7 d/yr ≥98°F today · 16 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 9% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $16,740
• − Mortgage interest: −$6,156
• − Property taxes: −$1,648
• − Insurance: −$550
• − Repairs & maintenance: −$1,339
• − Management: −$1,339
• − Depreciation: −$3,197
• Taxable income: $2,510
• Est. tax owed @ 24.0%: −$602
• After-tax cash flow: $3,508/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Condition & rehab AI · 30 photos

Fair 45/100 Extensive rehab

This historic synagogue/temple property requires extensive renovations, including major repairs to the interior and exterior, to bring it up to modern standards and increase its value for resale or rental.

Repairs flagged

• Major Carpet — Severe wear
• Major Paint — Severe wear

Value-add opportunities

• Both Paint — Enhances curb appeal and interior aesthetics
• Both Carpet — Enhances comfort and appearance

Renovation cost estimate screening

Repair item	Severity	Est. cost
Carpet · Severe wear	Major	$15,000–50,000
Paint · Severe wear	Major	$15,000–50,000
Total estimated repair cost · 2 items		$30,000–100,000

Value-add ROI direction

• Both Paint — Enhances curb appeal and interior aesthetics ↑
• Both Carpet — Enhances comfort and appearance ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

Schools (NCES district)

• District: Lehighton Area SD
• NCES district ID: 4213500
• Math proficiency: 32% ▼ -7.00%
• Reading proficiency: 50% ▼ -11.00%
• Median HH income: $51,115
• Composite: 35.36/100
• National rank: #4958
• State rank: #336 of 539 in PA

Livability — Lehighton

• Score: 77/100
• State rank: #321
• US rank: #2848

Category grades

Amenities B Commute F Cost of living A+ Crime A- Employment D Housing B- Health & safety A+ User ratings B+

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Lehighton, PA
• Population (ZIP): 19,121

Population outlook (Carbon County) Hauer SSP2

• Today (2025): 61,643 people
• By 2030: 59,840 · -2.9%
• By 2040: 55,413 · -10.1%
• By 2050: 50,843 · -17.5%
• By 2075: 43,326 · -29.7%
• By 2100: 37,126 · -39.8%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (94%)
• Race & ethnicity: White 94% Two or more races 4% Hispanic / Latino 3%
• Common ancestry: Romanian 6% Polish 5% Iranian 3%
• Foreign-born: 2% · Canada, China
• Languages at home: 96% English-only · Spanish 2% Russian/Polish/Slavic 1%

Political lean MEDSL · Carbon

• 2024 margin: Solid R (+34.8) · D 32.2% · R 67.0%
• 2008→2024 swing: -36.7pp toward R · 2008: 1.9pp · 2024: -34.8pp
• All cycles: 2024: R+34.8 2020: R+32.0 2016: R+34.1 2012: R+6.9 2008: D+1.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -69.77%
• Current HPI: 187.4645
• Rent YoY: —
• Metro: —
• State GDP YoY: ▲ 1.68%
• F500 in state: 34

Industry mix (Fortune 500 HQ in PA)

Industry	F500 HQs	Revenue
▸Healthcare	2	$309B
▸Insurance	2	$27B
▸Telecommunications / Media	1	$124B
▸Industrial Distribution	1	$22B
▸Financial Services	1	$20B
▸Chemicals / Materials	1	$18B

Price history

+0.0% since first listed

9 events — show timeline

• 2026-06-05 Sold (MLS) $109,900 PMAR
• 2026-06-05 Sold (MLS) $109,900 BRIGHT MLS
• 2026-06-05 Sold (MLS) $109,900 GLVRMLS
• 2026-05-13 Pending — PMAR
• 2026-05-13 Pending — BRIGHT MLS
• 2026-05-13 Pending — GLVRMLS
• 2026-05-07 Listed $109,900 PMAR
• 2026-05-07 Listed $109,900 BRIGHT MLS
• 2026-05-07 Listed $109,900 GLVRMLS