Three-Story Office Building with
523 W Linden Street Allentown, PA 18101
For Sale
$299,900
SINGLE_FAMILY - Allentown City, PA
Property Size3,003 SF
Lot Size0.05 Acres
Price / SF$99.87
Days on Market48
Property Features for 523 W Linden Street
General Information
Property type
Residential
Property subtype
Office
Zoning
R-H
Parking
4
Parking features
Off Street, Garage, On Street
Standard status
Active
APN
640711632043-1
Size
3,003 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
4678
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Central Air
Water source
Public
Building Details
Year built
1856
Building materials
Stucco
Listing Agency:
BetterHomes&GardensRE/Cassidon
(610) 266-2661
Listed By:
Jessie Cevallos
(610) 882-3135
Added: Jun 12
Changed: Jul 28
Last Checked: Jul 29 at 8:06AM
MLS# 778809
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 three-story office building offers a flexible layout designed for office use, with multiple private offices, flex space, and a reception area on the first floor. The building includes central air conditioning, energy-efficient lighting, and ethernet connectivity, along with a powder room and a side service entrance. The first level also has additional rooms suitable for various office needs.
On the second floor, the property features four well-appointed offices with inlaid hardwood flooring, plus a kitchen, a full bath, and storage areas. The third floor provides additional office space and storage. A high-efficiency gas boiler is listed as installed in 2026. The building also includes four off-street parking spaces.
Located in the heart of Center City Allentown, the property is described as steps from the Lehigh County Courthouse and near PPL Center and the Arts Walk, surrounded by cafes, restaurants, and shops. With its reception area, private offices, and service entrance, the building can suit businesses looking for a traditional multi-office arrangement, while the listed zoning (R-H) supports both mixed-use or residential conversion options for adaptive reuse.
On the second floor, the property features four well-appointed offices with inlaid hardwood flooring, plus a kitchen, a full bath, and storage areas. The third floor provides additional office space and storage. A high-efficiency gas boiler is listed as installed in 2026. The building also includes four off-street parking spaces.
Located in the heart of Center City Allentown, the property is described as steps from the Lehigh County Courthouse and near PPL Center and the Arts Walk, surrounded by cafes, restaurants, and shops. With its reception area, private offices, and service entrance, the building can suit businesses looking for a traditional multi-office arrangement, while the listed zoning (R-H) supports both mixed-use or residential conversion options for adaptive reuse.
Key Highlights
- Three‑story office building in Center City Allentown, steps from the Lehigh County Courthouse and PPL Center
- Flexible layout with reception area, multiple private offices, flex space, and powder room on the first floor
- Second floor features four offices with inlaid hardwood flooring, plus a kitchen, full bath, and storage areas
Financial Insights For Office B
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 | $23.4k | $7.80 |
| − Vacancy | −$1.7k | −$0.56 |
| EGI | $21.7k | $7.24 |
| − OpEx | −$5.4k | −$1.81 |
| NOI | $16.3k | $5.43 |
3,003 SF · lease $7.80/SF/yr · vacancy 7.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$232.9K
$203.8K – $271.7K
NOI $16,303 @ 7.0% cap · market cap 5.44%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$590.0K
$516.2K – $688.3K
NOI $41,297 @ 7.0% cap · market cap 13.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office building - Three-floor office building with flexible layouts, central air, and four off-street parking spaces plus side service access.
Where is this office building located?
The property is located at 523 W Linden Street Allentown, PA.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: Three‑story office building in Center City Allentown, steps from the Lehigh County Courthouse and PPL Center; Flexible layout with reception area, multiple private offices, flex space, and powder room on the first floor; Second floor features four offices with inlaid hardwood flooring, plus a kitchen, full bath, and storage areas
