Two-Unit Duplex with Oak
New
For Sale
$362,000
317 N 10th Street, Allentown, PA 18102
ResidentialIncome, Allentown City, PA
Property Size1,842 SF
Lot Size0.05 Acres
Price / SF$196.53
Days on Market5
Property Features for 317 N 10th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R-MH
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bathroom 2, Bedroom 3, Bathroom 1, Bedroom 1
Parking
2
Parking features
Off Street, On Street
Subdivision
Old Allentn Historic
Elementary school district
Allentown
Middle school district
Allentown
High school district
Allentown
Directions
Hamilton St to N. 10th St. North on N. 10th St approximately 3 blocks to property at 317 N. 10th St.
Standard status
Active
APN
549781745740-1
Size
1,842 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
2608
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Window Unit(s)
Water source
Public
Building Details
Year built
1875
Floors in Building
2
Number of units
2
Building materials
Brick, VinylSiding
Listing Agency:
Keller Williams Northampton · Keller Williams Realty
(610) 867-8888
Listed By:
Edmund L. Cooley Jr · License #RS375853
(610) 217-3963
Added: Sep 29
Changed: Oct 1
Last Checked: Oct 3 at 5:06PM
MLS# 785518
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.
At 317 N 10th Street, this duplex contains two residences totaling 1,842 square feet. Recent work includes repaired subflooring and solid oak hardwood floors in the ground-level residence, plus tile floors in its kitchen and bathroom. Stainless steel refrigerators and dishwashers are installed, and both residences have new toilets and sinks and fresh paint. The second-floor residence also has a new dishwasher.
The ground-level unit is vacant, while the upper unit is occupied by a tenant. The property sits on a 0.053-acre lot and is zoned R-MH. Construction includes brick and vinyl siding, with natural gas heat, window-unit cooling, public water and public sewer. Parking options include on-street and off-street parking.
The ground-level unit is vacant, while the upper unit is occupied by a tenant. The property sits on a 0.053-acre lot and is zoned R-MH. Construction includes brick and vinyl siding, with natural gas heat, window-unit cooling, public water and public sewer. Parking options include on-street and off-street parking.
Key Highlights
- Two residential units with 1,842 square feet of living space
- 0.053‑acre lot, zoned R‑MH
- Solid oak hardwood flooring in the first‑floor unit; tile floors in its kitchen and bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$19,322
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.34%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$386,440
$386.4K
Cap Rate 7%
$276,029
$276.0K
Cap Rate 9%
$214,689
$214.7K
Market Conditions
NOI Build-Up for 1,842 SF
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.
Gross rent
$29.8K $16.20/SF
− Vacancy
−$2.2K −$1.22/SF
EGI
$27.6K $14.99/SF
− OpEx
−$8.3K −$4.50/SF
NOI
$19.3K $10.49/SF
Area
Allentown, PA
Vacancy
7.50%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$386,440
Cap Rate 7%
$276,029
Cap Rate 9%
$214,689
Alternative Uses
Best Use
Multifamily LT 5
$276.0K
$241.5K – $322.0K
NOI $19,322 @ 7.0% cap · market cap 5.34%
Second Best
Apartment 5plus
$242.8K
$212.5K – $283.3K
NOI $16,996 @ 7.0% cap · market cap 4.70%
Theoretical Best
Specialty Retail
$361.9K
$316.6K – $422.2K
NOI $25,331 @ 7.0% cap · market cap 7.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
3,092
Businesses Nearby
Explore this area
Business Placement
Demographics for 18102, PA
51,567
Population
18,788
Households
2.7
Avg Household Size
32
Median Age
11%
College-Educated
76%
High-School Grad
3.0 sq mi
ZIP Area
17,189
Density / Sq Mi
$40,681
Median Household Income
$29,501
Median Earnings
$1,224
Median Rent
$146,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Recent interior work includes hardwood and tile flooring, new appliances, and updated plumbing fixtures.
Where is this duplex located?
The property is located at 317 N 10th Street Allentown, PA.
What is the asking price?
The asking price for this property is $362,000.
What are key features of this property?
This property features: Two residential units with 1,842 square feet of living space; 0.053‑acre lot, zoned R‑MH; Solid oak hardwood flooring in the first‑floor unit; tile floors in its kitchen and bathroom
