915 921 W Hamilton Street Allentown, PA 18101
SINGLE_FAMILY - Allentown City, PA
Property Features for 915 921 W Hamilton Street
General Information
- Property type
- Residential
- Property subtype
- Office
- Zoning
- B-2-CENTRAL BUSINESS
- Parking
- 40
- Standard status
- Active
- APN
- 549790706678001
- Size
- 18,124 SF
- Lot size
- 0.46 Acres
Taxes and HOA fees
- Tax Annual Amount
- 38863
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas
- Cooling system
- Wall Unit(s), Central Air
- Water source
- Public
Building Details
- Year built
- 1900
- Building materials
- Brick, Masonry
- Roof type
- Flat
Listing agent Loren K. Keim Jr. License #RB-045762-L (877) 208-4158
Listing office CENTURY 21 Keim Realtors 90 N Cedar Crest Blvd, Allentown, PA (610) 395-0393
Listing date Jun 9, 2025
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.
The property backs up to an Allentown Authority parking garage. Renderings are available for multiple redevelopment directions, including an 11-story, 300-unit hotel with underground parking, an office building, or a mixed-use concept with retail on the first floor, office on the second floor, and 7 to 10 stories of apartments above.
Key Highlights
- Nearly half‑acre corner site at Hamilton and Fountain with 5 buildings on the same block as PPL Tower
- Current setup includes 21 units: 17 residential units plus 4 storefronts
- Gross income of $269,700 and NOI of over $200,000 reported for the current property
Local Financial Insights For Retail
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 | $337.1k | $18.60 |
| − Vacancy | −$18.2k | −$1.00 |
| EGI | $318.9k | $17.60 |
| − OpEx | −$95.7k | −$5.28 |
| NOI | $223.2k | $12.32 |
