Brick Duplex with
For Sale
$399,900
1014 W TURNER ST, Allentown, PA 18102
Two-unit brick property with covered parking, a front porch, and a partially covered deck.
Property Size2,556 SF
Price / SF$156.46
Days on Market52
Property Features for 1014 W TURNER ST
General Information
Standard status
Active
Size
2,556 SF
Property subtype
Multi-family
Listing Agency:
Iron Valley Real Estate of Lehigh Valley
(610) 766-7200
Listed By:
Donna J Gasper · License #RM424351
(484) 241-1011
Source:
Opal-realestate
Added: Sep 4
Changed: Oct 7
Last Checked: Oct 24 at 4:49PM
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 Iron Valley Real Estate of Lehigh Valley
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Investment Insights
Based on property information with market context.
This 2,556-square-foot duplex has a brick exterior, front porch, newer roof, and emergency exits serving the upper levels. The first-floor unit is tenant-occupied and includes built-in shelving. The second and third floors are owner-occupied, with a bathroom on each level and a partially covered deck connected to the second floor.
Parking is provided by a two-car garage and carport, accommodating up to four vehicles. The property is located at 1014 W TURNER ST in Allentown’s Historic Old Allentown District and offers a two-unit configuration suitable for an owner-occupant or investor.
Parking is provided by a two-car garage and carport, accommodating up to four vehicles. The property is located at 1014 W TURNER ST in Allentown’s Historic Old Allentown District and offers a two-unit configuration suitable for an owner-occupant or investor.
Key Highlights
- 2,556‑square‑foot duplex with two residential units
- Brick exterior with front porch and newer roof
- Two‑car garage and carport provide parking for up to four vehicles
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,811
Cap Rate
6.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$536,220
$536.2K
Cap Rate 7%
$383,014
$383.0K
Cap Rate 9%
$297,900
$297.9K
Market Conditions
NOI Build-Up for 2,556 SF
Gross rent
$41.4K $16.20/SF
− Vacancy
−$3.1K −$1.22/SF
EGI
$38.3K $14.99/SF
− OpEx
−$11.5K −$4.50/SF
NOI
$26.8K $10.49/SF
Area
Allentown, PA
Vacancy
7.50%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$536,220
Cap Rate 7%
$383,014
Cap Rate 9%
$297,900
Alternative Uses
Best Use
Multifamily LT 5
$383.0K
$335.1K – $446.9K
NOI $26,811 @ 7.0% cap · market cap 6.70%
Second Best
Apartment 5plus
$336.9K
$294.8K – $393.1K
NOI $23,584 @ 7.0% cap · market cap 5.90%
Theoretical Best
Specialty Retail
$502.1K
$439.4K – $585.8K
NOI $35,150 @ 7.0% cap · market cap 8.79%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Location Intelligence
Trade Area within ½ mile
3,758
Businesses Nearby
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Business Placement
Demographics for 18102, PA
51,567
Population
18,788
Households
2.7
Avg Household Size
32
Median Age
11%
College-Educated
76%
High-School Grad
3.0 sq mi
ZIP Area
17,189
Density / Sq Mi
$40,681
Median Household Income
$29,501
Median Earnings
$1,224
Median Rent
$146,600
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?
Duplex - Two-unit brick property with covered parking, a front porch, and a partially covered deck.
Where is this duplex located?
The property is located at 1014 W TURNER ST Allentown, PA.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: 2,556‑square‑foot duplex with two residential units; Brick exterior with front porch and newer roof; Two‑car garage and carport provide parking for up to four vehicles
