All-Brick Quadplex with Baseboard
For Sale
$447,000
437 Allen Street, Allentown, PA 18102
MULTI_FAMILY - Allentown City, PA
Property Size2,112 SF
Lot Size0.04 Acres
Price / SF$211.65
Days on Market48
Property Features for 437 Allen Street
General Information
Property type
Residential Multi Family
Property subtype
Apartment
Zoning
R-MH
Bedrooms
5
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 1, Bathroom 1, Bathroom 3, Bathroom 2, Bedroom 2, Bedroom 3, Bedroom 5, Bedroom 4
Parking
5
Parking features
Garage
Subdivision
Not in Development
Elementary school district
Allentown
Middle school district
Allentown
High school district
Allentown
Directions
Follow American Parkway into Hamilton Street. Proceed down Hamilton Street for several blocks toward the center of town. Turning toward the Property: right turn onto North 4th Street.then make a left turn onto West Allen Street.
Standard status
Active
APN
640713198921-1
Size
2,112 SF
Lot size
0.04 Acres
Taxes and HOA fees
Tax Annual Amount
4630
Utilities
Sewer type
Public Sewer
Heating system
Baseboard, Electric (Heating)
Water source
Public
Building Details
Year built
1900
Floors in Building
3
Number of units
4
Building materials
Brick, Stone
Listing Agency:
Steel City Realty
(484) 895-9005
Listed By:
Joshua Schoenberger
(484) 895-9005
Added: Jun 15
Changed: Jul 30
Last Checked: Aug 1 at 6:06PM
MLS# 779067
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 all-brick, three-story quadplex provides four rental units with a lower-level basement and garage space. The basement is described as only two steps down, and the property includes electric baseboard heating. The building was constructed in 1900 and sits on a 0.041-acre lot, totaling 2,112 square feet of property size. Public water and public sewer services are available.
The property is zoned R-MH and includes garage and on- and off-street parking, for five parking spaces total. The arrangement of three apartments plus a larger basement and garage supports tenant space on multiple levels.
With its four-unit configuration and R-MH zoning, this is designed for an income-producing rental structure with a mix of one- and two-bedroom layouts.
The property is zoned R-MH and includes garage and on- and off-street parking, for five parking spaces total. The arrangement of three apartments plus a larger basement and garage supports tenant space on multiple levels.
With its four-unit configuration and R-MH zoning, this is designed for an income-producing rental structure with a mix of one- and two-bedroom layouts.
Key Highlights
- All‑brick, three‑story quadplex with four units
- Electric baseboard heating plus basement and garage space
- R‑MH zoning
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 | $34.2k | $16.20 |
| − Vacancy | −$2.6k | −$1.22 |
| EGI | $31.6k | $14.99 |
| − OpEx | −$9.5k | −$4.50 |
| NOI | $22.2k | $10.49 |
2,112 SF · lease $16.20/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$316.5K
$276.9K – $369.2K
NOI $22,154 @ 7.0% cap · market cap 4.96%
Second Best
Apartment 5plus
$278.4K
$243.6K – $324.8K
NOI $19,487 @ 7.0% cap · market cap 4.36%
Theoretical Best
Specialty Retail
$414.9K
$363.1K – $484.1K
NOI $29,044 @ 7.0% cap · market cap 6.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,356
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit, all-brick quadplex zoned R-MH with electric baseboard heat, public water and sewer, and five parking spaces.
Where is this quadplex located?
The property is located at 437 Allen Street Allentown, PA.
What is the asking price?
The asking price for this property is $447,000.
What are key features of this property?
This property features: All‑brick, three‑story quadplex with four units; Electric baseboard heating plus basement and garage space; R‑MH zoning
