Two-Unit Residential Income
1222 W Gordon Street Allentown, PA 18102
New
For Sale
$300,000
MULTI_FAMILY - Allentown City, PA
Property Size2,044 SF
Lot Size0.04 Acres
Price / SF$146.77
Days on Market7
Property Features for 1222 W Gordon Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R-MH
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bathroom 2, Bedroom 3, Bathroom 1, Bedroom 4, Bedroom 2, Bedroom 1
- Standard status
- Active
- APN
- 549771312842-1
- Size
- 2,044 SF
- Lot size
- 0.04 Acres
Taxes and HOA fees
- Tax Annual Amount
- 2514
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas, Forced Air
- Cooling system
- Wall Unit(s)
- Water source
- Public
Building Details
- Year built
- 1915
- Floors in Building
- 3
- Number of units
- 2
- Building materials
- Brick
Listing Agency:
IronValley RE of Lehigh Valley
(610) 766-7200
Listed By:
Jacqueline Romero
(610) 905-1320
Added: Jul 21
Changed: Jul 24
Last Checked: Jul 27 at 5:06AM
MLS# 781188
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.
Investment Insights
Based on property information with market context.
This well-maintained two-unit residential income property offers a straightforward duplex-style setup with two rental units under one roof. The property totals 2,044 square feet and sits on a 0.044-acre lot. It is being presented for sale as an investment property with ongoing rental income.
The property is located at 1222 W Gordon Street in Allentown City, Pennsylvania (Lehigh County). The listing notes that the owner has handled the majority of maintenance and repairs over time.
Zoned R-MH, this two-unit structure is offered as a residential income option for buyers seeking an already producing property.
The property is located at 1222 W Gordon Street in Allentown City, Pennsylvania (Lehigh County). The listing notes that the owner has handled the majority of maintenance and repairs over time.
Zoned R-MH, this two-unit structure is offered as a residential income option for buyers seeking an already producing property.
Key Highlights
- Two‑unit brick property built in 1915
- Public water and public sewer
- Heating includes natural gas forced‑air
Financial Insights For Multifamily LT 5
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 | $33.1k | $16.20 |
| − Vacancy | −$2.5k | −$1.22 |
| EGI | $30.6k | $14.99 |
| − OpEx | −$9.2k | −$4.50 |
| NOI | $21.4k | $10.49 |
2,044 SF · lease $16.20/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$306.3K
$268.0K – $357.4K
NOI $21,441 @ 7.0% cap · market cap 7.15%
Second Best
Apartment 5plus
$269.4K
$235.8K – $314.3K
NOI $18,860 @ 7.0% cap · market cap 6.29%
Theoretical Best
Specialty Retail
$401.6K
$351.4K – $468.5K
NOI $28,109 @ 7.0% cap · market cap 9.37%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Well-maintained two-unit income property in Allentown City, sized at 2,044 square feet.
Where is this duplex located?
The property is located at 1222 W Gordon Street Allentown, PA.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: Two‑unit brick property built in 1915; Public water and public sewer; Heating includes natural gas forced‑air
