Renovated Apartment
For Sale
$1,895,000
101 N 8Th Street, Allentown, PA 18101
ResidentialIncome, Allentown City, PA
Property Size7,335 SF
Lot Size0.11 Acres
Price / SF$258.35
Days on Market286
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
Full bathrooms
7
Half bathrooms
4
Rooms
Bedroom 3, Bathroom 1, Bedroom 7, Bedroom 1, Bathroom 2, Bathroom 4, Bathroom 9, Bathroom 6, Bedroom 4, Bathroom 10, Bathroom 8, Bedroom 5, Bathroom 3, Bedroom 2, Bedroom 6, Bathroom 5, Bathroom 7, Bathroom 11
Subdivision
Not in Development
Elementary school district
Allentown
Middle school district
Allentown
High school district
Allentown
Directions
From 7th Street - Right on Linden - Left on 8th. Property on corner of 8th and Linden.
Standard status
Active
APN
640700471867001
Size
7,335 SF
Lot size
0.11 Acres
Additional Details
Tenant in Place
Yes
Individually Metered Utilities
unspecified utilities
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
Amenities
security cameras
laundry room
internet included
Building Details
Year built
1900
Floors in Building
4
Number of units
11
Building materials
Brick
Listing Agency:
BHHS Regency Real Estate · Prudential Real Estate
(610) 432-5252
Listed By:
Andrew A. Ginsburg
(610) 349-6644
Added: Jan 12
Changed: Oct 23
Last Checked: Oct 25 at 2:06PM
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.
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Investment Insights
Based on property information with market context.
This 7,335-square-foot apartment building contains 11 renovated units, including 7 residential units and 4 commercial units. Improvements extend across the apartments, shared areas, and exterior. Each unit has separate utilities, with electric heating, air conditioning, and electric hot water. Residential units use electric mini-splits, while the commercial spaces include mini-splits and heat pumps. Internet is included with tenant rents, and exterior and common areas are covered by security cameras.
A basement laundry room includes coin-operated washers and dryers. The property occupies 0.108 acres, uses public water and public sewer, and has brick construction dating to 1900. It is located within the NIZ Improvement Zone and Opportunity Zone, across from the PPL Event Center and Da Vinci Science Center, with restaurants, retail, and nightlife nearby. Zoning is B-2-CENTRAL BUSINESS.
A basement laundry room includes coin-operated washers and dryers. The property occupies 0.108 acres, uses public water and public sewer, and has brick construction dating to 1900. It is located within the NIZ Improvement Zone and Opportunity Zone, across from the PPL Event Center and Da Vinci Science Center, with restaurants, retail, and nightlife nearby. Zoning is B-2-CENTRAL BUSINESS.
Key Highlights
- 11 renovated units: 7 residential units and 4 commercial units
- 7,335 square feet on 0.108 acres
- B‑2‑CENTRAL BUSINESS zoning within the NIZ Improvement Zone and Opportunity Zone
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$71,626
Cap Rate
3.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,432,520
$1.4M
Cap Rate 7%
$1,023,229
$1.0M
Cap Rate 9%
$795,844
$795.8K
Market Conditions
NOI Build-Up for 7,335 SF
Gross rent
$123.2K $16.80/SF
− Vacancy
−$8.6K −$1.18/SF
EGI
$114.6K $15.62/SF
− OpEx
−$43.0K −$5.86/SF
NOI
$71.6K $9.76/SF
Area
Allentown, PA
Vacancy
7.00%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,432,520
Cap Rate 7%
$1,023,229
Cap Rate 9%
$795,844
Alternative Uses
Best Use
Mixed Use
$1.02M
$895.3K – $1.19M
NOI $71,626 @ 7.0% cap · market cap 3.78%
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 authorities.
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Current Use
Lease Details
7
Residential units
Location Intelligence
Trade Area within ½ mile
3,530
Businesses Nearby
Explore this area
Business Placement
Demographics for 18101, PA
5,108
Population
2,686
Households
1.9
Avg Household Size
32
Median Age
19%
College-Educated
79%
High-School Grad
0.3 sq mi
ZIP Area
17,027
Density / Sq Mi
$41,542
Median Household Income
$34,397
Median Earnings
$1,337
Median Rent
$153,800
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
Frequently Asked Questions
What type of property is this?
Apartment building - Mixed-use configuration combines residential and commercial occupancy with separate utilities and basement laundry facilities.
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 renovated units: 7 residential units and 4 commercial units; 7,335 square feet on 0.108 acres; B‑2‑CENTRAL BUSINESS zoning within the NIZ Improvement Zone and Opportunity Zone
