Colonial Duplex With Value-Add
14-16 HAMILTON STREET Allentown, NJ 08501
14-16 HAMILTON STREET, Allentown, NJ, 08501
$450,000
For Sale
$450,000
MULTI_FAMILY - Colonial - ALLENTOWN, NJ
Property Size1,896 SF
Lot Size0.25 Acres
Price / SF$237.34
Days on Market42
Property Features for 14-16 HAMILTON STREET
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- On Street, Driveway
- Standard status
- Active
- Size
- 1,896 SF
- Lot size
- 0.25 Acres
Taxes and HOA fees
- Tax Annual Amount
- 8839
Utilities
- Heating system
- Baseboard, Hot Water(Heating)
- Cooling system
- Central Air
Building Details
- Year built
- 1930
- Number of units
- 1
- Building materials
- Frame
- Architectural style
- Colonial
Listing agency
Keller Williams Premier
(609) 459-5100
Listed by
Patricia Hogan · License #339824
(609) 306-9189
Added: Jun 12 Updated: Jul 13 at 10:57AM Checked: Jul 23 at 3:06AM
MLS# NJMM2004700
Copyright © 2026 Bright MLS. 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 property is a colonial-style duplex arranged as two independent residential units. Unit 1 is a 3-bedroom, 1.5-bath layout spread over two stories, with a living room, dining room, kitchen, and attic. Unit 2 offers a 1- to 2-bedroom, 1-bath configuration with a living room and kitchen. The property is being sold strictly as-is, with space and layout already in place for an owner to complete custom updates and modern finishes.
The duplex sits on an expansive park-like double lot and is described as located in the heart of Historic Allentown Borough. The listing notes an easy walk to Main Street’s shops, parks, studios, and restaurants.
For buyers seeking a value-add residential income property, the presence of two distinct unit layouts supports a range of live-in or investor use cases. Any buyer planning changes involving the lot is responsible for conducting their own due diligence, including for subdivision, and for obtaining all required certifications. Seller contingency is noted as a suitable housing contingency.
The duplex sits on an expansive park-like double lot and is described as located in the heart of Historic Allentown Borough. The listing notes an easy walk to Main Street’s shops, parks, studios, and restaurants.
For buyers seeking a value-add residential income property, the presence of two distinct unit layouts supports a range of live-in or investor use cases. Any buyer planning changes involving the lot is responsible for conducting their own due diligence, including for subdivision, and for obtaining all required certifications. Seller contingency is noted as a suitable housing contingency.
Key Highlights
- Duplex built in 1930 with Colonial architectural style and frame construction
- Central air plus baseboard and hot water heating systems
- Both units have separate layouts; Unit 1 is 3BR/1.5BA with LR, DR, kitchen, and attic
Local 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 | $48.5k | $25.56 |
| − Vacancy | −$3.1k | −$1.65 |
| EGI | $45.3k | $23.91 |
| − OpEx | −$13.6k | −$7.17 |
| NOI | $31.7k | $16.74 |
1,896 SF · lease $25.56/SF/yr · vacancy 6.46% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$453.3K
$396.7K – $528.9K
NOI $31,732 @ 7.0% cap · market cap 7.05%
Second Best
Apartment 5plus
$416.5K
$364.5K – $486.0K
NOI $29,157 @ 7.0% cap · market cap 6.48%
Theoretical Best
Office A
$495.1K
$433.2K – $577.6K
NOI $34,656 @ 7.0% cap · market cap 7.70%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - As-is colonial duplex with two separate unit layouts on a double lot in Allentown Borough, suited for income-oriented buyers.
Where is this duplex located?
The property is located at 14-16 HAMILTON STREET Allentown, NJ.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Duplex built in 1930 with Colonial architectural style and frame construction; Central air plus baseboard and hot water heating systems; Both units have separate layouts; Unit 1 is 3BR/1.5BA with LR, DR, kitchen, and attic
