11-Unit Mixed-Use Income
101 N 8Th Street Allentown, PA 18101
For Sale
$1,895,000
MULTI_FAMILY - Allentown City, PA
Property Size7,335 SF
Lot Size0.11 Acres
Price / SF$258.35
Days on Market196
Property Features for 101 N 8Th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Apartment
- Zoning
- B-2-CENTRAL BUSINESS
- Bedrooms
- 7
- Bathrooms
- 11
- Rooms
- Bathroom 11, Bedroom 6, Bedroom 1, Bedroom 4, Bedroom 5, Bathroom 4, Bathroom 6, Bathroom 9, Bathroom 3, Bathroom 2, Bedroom 2, Bathroom 5, Bathroom 8, Bathroom 7, Bathroom 10, Bedroom 3, Bedroom 7, Bathroom 1
- Standard status
- Active
- APN
- 640700471867001
- Size
- 7,335 SF
- Lot size
- 0.11 Acres
Taxes and HOA fees
- Tax Annual Amount
- 31980
Utilities
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating)
- Cooling system
- Wall Unit(s)
- Water source
- Public
Building Details
- Year built
- 1900
- Floors in Building
- 4
- Number of units
- 11
- Building materials
- Brick
Listing Agency:
BHHS Regency Real Estate
(610) 432-5252
Listed By:
Andrew A. Ginsburg
(610) 393-0892
Added: Jan 12
Changed: Jul 21
Last Checked: Jul 27 at 4:06AM
MLS# 770406
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 mixed-use income property includes 11 fully renovated units: seven residential units and four commercial units. The renovations extend to common areas and exterior spaces. Each unit has electric heat, air conditioning, and electric hot water with separate utilities. Heating and cooling is provided via electric mini-splits in the residential units, while the commercial units utilize mini-splits and heat pumps.
The property includes a newly installed laundry room in the basement with coin-operated washer/dryers. Exterior and common areas are monitored by security cameras, and internet is included with tenants’ rent. It is located in Allentown City within the NIZ Improvement Zone and Opportunity Zone.
The building totals 7,335 square feet and sits on a 0.108-acre lot.
The property includes a newly installed laundry room in the basement with coin-operated washer/dryers. Exterior and common areas are monitored by security cameras, and internet is included with tenants’ rent. It is located in Allentown City within the NIZ Improvement Zone and Opportunity Zone.
The building totals 7,335 square feet and sits on a 0.108-acre lot.
Key Highlights
- 11 fully renovated units: 7 residential units and 4 commercial units
- Brick construction with electric heat and air conditioning; electric hot water provided
- Separate utilities for all units
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 | $136.4k | $18.60 |
| − Vacancy | −$7.4k | −$1.00 |
| EGI | $129.1k | $17.60 |
| − OpEx | −$38.7k | −$5.28 |
| NOI | $90.3k | $12.32 |
7,335 SF · lease $18.60/SF/yr · vacancy 5.40% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.29M
$1.13M – $1.51M
NOI $90,345 @ 7.0% cap · market cap 4.77%
Second Best
Apartment 5plus
$966.8K
$846.0K – $1.13M
NOI $67,679 @ 7.0% cap · market cap 3.57%
Theoretical Best
Specialty Retail
$1.44M
$1.26M – $1.68M
NOI $100,871 @ 7.0% cap · market cap 5.32%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Medicare Professional Advisors
Insurance Agency
FAQs
What type of property is this?
Apartment building - All 11 renovated units include separate utilities, electric HVAC, and monitored exterior and common areas.
Where is this apartment building located?
The property is located at 101 N 8Th Street Allentown, PA.
What is the asking price?
The asking price for this property is $1,895,000.
What are key features of this property?
This property features: 11 fully renovated units: 7 residential units and 4 commercial units; Brick construction with electric heat and air conditioning; electric hot water provided; Separate utilities for all units
