1102 Hanover Avenue, Allentown, PA 18109
MULTI_FAMILY - Allentown City, PA
- Added:
- Jun 27, 2026
- Days on Market:
- 1
- Last Refresh:
- Jun 27 at 7:06 pm
Property Features for 1102 Hanover Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- MX-S
- Parking
- 3
- Standard status
- Active
- APN
- 641706238220 1
- Size
- 2,876 SF
- Lot size
- 0.11 Acres
Taxes and HOA fees
- Tax Annual Amount
- 6130
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1925
- Number of units
- 3
- Building materials
- Brick
Listing agent Matt Sprung License ##AB068265 (610) 398-0411
Listing office Howard Hanna TheFrederickGroup 3500 Winchester Rd, Ste 201, Allentown, PA (610) 398-0411
Listing date Jun 27, 2026
Copyright © 2026 Greater Lehigh Valley REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Mixed‑use building with a retail storefront plus two apartments
- Brick construction with heating via natural gas and central air conditioning
- Built in 1925
- Public water and public sewer
- Visible along Hanover Avenue with proximity to Coca‑Cola Park
- Quick access to the Airport Road retail corridor
Overview
The property is located on the East Side of Allentown and has visibility along Hanover Avenue. The surrounding area includes redevelopment tied to the former Allentown State Hospital site, now described as the Northridge master-planned community, with plans for townhomes and supporting uses including retail and offices. The remarks also cite proximity to Coca-Cola Park and quick access to the Airport Road retail corridor.
For tenants and owners, the layout offers a straightforward mixed-use setup: retail space at street level with residential units above. The MX-S zoning designation provides a framework for mixed-use activity, and the location can appeal to retail concepts seeking established storefront exposure alongside housing demand in an actively redeveloping corridor.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $53.5k | $18.60 |
| − Vacancy | −$2.9k | −$1.00 |
| EGI | $50.6k | $17.60 |
| − OpEx | −$15.2k | −$5.28 |
| NOI | $35.4k | $12.32 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Allentown
- County
- Lehigh
- State
- Pennsylvania
- Longitude
- -75.437988
- Latitude
- 40.617865
