Triplex with Mixed-Use
30 N 2nd Street Allentown, PA 18101
For Sale
$279,900
MULTI_FAMILY - Allentown City, PA
Property Size1,743 SF
Lot Size0.07 Acres
Price / SF$160.59
Days on Market272
Property Features for 30 N 2nd Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Apartment
- Zoning
- R-Mh
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bathroom 2, Bedroom 4, Bedroom 2, Bathroom 1, Bedroom 1, Bedroom 3
- Parking
- 2
- Parking features
- Garage
- Patio and Porch features
- Patio
- Standard status
- Active
- APN
- 640741099609 001
- Size
- 1,743 SF
- Lot size
- 0.07 Acres
Taxes and HOA fees
- Tax Annual Amount
- 3080
Utilities
- Sewer type
- Public Sewer
- Heating system
- Heat Pump (Heating), Baseboard, Electric (Heating), Natural Gas
- Water source
- Public
Building Details
- Year built
- 1900
- Floors in Building
- 2
- Number of units
- 2
- Building materials
- Stucco
Listing Agency:
Century 21 Ramos Realty
(484) 664-2340
Listed By:
Marlene I. Davila
(610) 866-4423
Added: Oct 29, 2025
Changed: Jul 21
Last Checked: Jul 27 at 6:06AM
MLS# 766714
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 property is a three-unit triplex with two units in the main house and one unit located above the garage. The first floor has been used as a daycare for up to eight children, and the building has a commercial background, originally operating as a plumbing company and remaining commercial thereafter. The seller indicates that, with the full price, $1,000 will be provided for paint.
The property is located in Allentown City, Pennsylvania (Lehigh County) at 30 N 2nd Street, and is listed under zoning R-Mh. Public remarks also note that a zoning change application could be pursued to revert to residential use. The remarks further mention that the property next to it is residential and that “mix use FHA accepted,” though no additional details are provided about the adjacent parcel.
For tenants, investors, or owner-operators, the existing three-unit configuration supports a hands-on approach to income-producing residential living. Buyers should also consider the property’s commercial history and the stated need to coordinate any future use through the zoning process, particularly given the prior daycare operation and the possibility of returning to residential zoning. With unit mix across the house and garage level, the layout may appeal to buyers seeking an owner-managed, multi-unit setup.
The property is located in Allentown City, Pennsylvania (Lehigh County) at 30 N 2nd Street, and is listed under zoning R-Mh. Public remarks also note that a zoning change application could be pursued to revert to residential use. The remarks further mention that the property next to it is residential and that “mix use FHA accepted,” though no additional details are provided about the adjacent parcel.
For tenants, investors, or owner-operators, the existing three-unit configuration supports a hands-on approach to income-producing residential living. Buyers should also consider the property’s commercial history and the stated need to coordinate any future use through the zoning process, particularly given the prior daycare operation and the possibility of returning to residential zoning. With unit mix across the house and garage level, the layout may appeal to buyers seeking an owner-managed, multi-unit setup.
Key Highlights
- 3‑unit property with 2 units in the house and 1 unit above the garage
- Previously operated commercially as a daycare on the first floor for up to 8 children
- Previously used as a plumbing company; building history includes long‑term commercial use
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 | $28.2k | $16.20 |
| − Vacancy | −$2.1k | −$1.22 |
| EGI | $26.1k | $14.99 |
| − OpEx | −$7.8k | −$4.50 |
| NOI | $18.3k | $10.49 |
1,743 SF · lease $16.20/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$261.2K
$228.5K – $304.7K
NOI $18,283 @ 7.0% cap · market cap 6.53%
Second Best
Apartment 5plus
$229.7K
$201.0K – $268.0K
NOI $16,082 @ 7.0% cap · market cap 5.75%
Theoretical Best
Specialty Retail
$342.4K
$299.6K – $399.5K
NOI $23,970 @ 7.0% cap · market cap 8.56%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
FAQs
What type of property is this?
Triplex - Three-unit property with a first-floor daycare history and a zoning designation of R-Mh for flexible ownership planning.
Where is this triplex located?
The property is located at 30 N 2nd Street Allentown, PA.
What is the asking price?
The asking price for this property is $279,900.
What are key features of this property?
This property features: 3‑unit property with 2 units in the house and 1 unit above the garage; Previously operated commercially as a daycare on the first floor for up to 8 children; Previously used as a plumbing company; building history includes long‑term commercial use
