Building Details

Building Size 7,335 SF

Year Built 1900

Listing Agency: BHHS Regency Real Estate

Listed By: Andrew A. Ginsburg Show Phone

Source: Bhhspaulfordrealtors

Added: Jan 12 Changed: Oct 14 Last Checked: Oct 24 at 10:09PM

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Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of BHHS Regency Real Estate

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Investment Insights

Based on property information with market context.

This 7,335-square-foot mixed-use property, built in 1900, contains 11 renovated units comprising 7 residential units and 4 commercial units. Renovations extend to the common areas and exterior. Each unit has separate utilities, electric hot water, and electric heating and air conditioning. Residential units use electric mini-splits, while the commercial spaces include mini-splits or heat pumps. Security cameras monitor the exterior and common areas, and internet is included with tenant rent. A newly installed basement laundry room provides coin-operated washers and dryers.

The property is located within the NIZ Improvement Zone and Opportunity Zone. It sits across from the PPL Event Center and Da Vinci Science Center, with restaurants, retail, and nightlife also identified in the surrounding area.

Key Highlights

• 11‑unit mixed‑use property with 7 residential and 4 commercial units
• 7,335 SF building constructed in 1900
• All units, common areas, and exterior fully renovated

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

Is this asking price fair?

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 (±1% cap)

NOI $71,626 @ 7.0% cap · market cap 3.78%

Second Best

Apartment 5plus

$966.8K

$846.0K – $1.13M (±1% cap)

NOI $67,679 @ 7.0% cap · market cap 3.57%

Theoretical Best

Specialty Retail

$1.44M

$1.26M – $1.68M (±1% cap)

NOI $100,871 @ 7.0% cap · market cap 5.32%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Medicare Professional Advisors Insurance Agency

Suggested Use

Top Pick Real Estate Agency Dental Office Skin Care Clinic Gym & Fitness Center Pharmacy Building Supply

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

3,373

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

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Fully renovated mixed-use property with separate utilities, security cameras, and basement laundry facilities.

Where is this mixed-use property located?

The property is located at 101 North 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‑unit mixed‑use property with 7 residential and 4 commercial units; 7,335 SF building constructed in 1900; All units, common areas, and exterior fully renovated