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Versatile Mixed-Use Investment Property

1015 W Hamilton Street, Allentown, PA 18101

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For Sale

$849,900

MULTI_FAMILY - Allentown City, PA

Type:Apartment

Property size:

4,280 SF

Lot size:

0.09 Acres

Price / SF:

$198/SF

HighLights

3‑unit mixed‑use property with a convenience store on the first floor and two residential apartments above
First‑floor convenience store includes an established, long‑term tenant and a fully equipped vacant kitchen
Second‑floor unit has 3 bedrooms, updated full bathroom, and a spacious eat‑in kitchen; luxury vinyl plank flooring
Third‑floor unit is a vacant 2‑bedroom, 1‑bath apartment with a sunroom
Public utilities: public water and public sewer
Heating includes forced air with natural gas; central air and parking lot included

We can help!

Listing Contact

Shabana Pathan

For Sale

$849,900

MULTI_FAMILY - Allentown City, PA

Type:Apartment

Property size:

4,280 SF

Lot size:

0.09 Acres

Price / SF:

$198/SF

Added:: Jan 24, 2026
Days on Market:: 150
Last Refresh:: Jun 23 at 10:06 am

Property Features for 1015 W Hamilton Street

General Information

Property type: Residential Multi Family
Property subtype: Apartment
Zoning: B-2-Central Business
Bedrooms: 5
Bathrooms: 3
Rooms: Bathroom 3, Bathroom 1, Bedroom 2, Bedroom 4, Bathroom 2, Bedroom 3, Bedroom 5, Bedroom 1
Parking features: Parking Lot
Standard status: Active
APN: 549699183099 001
Size: 4,280 SF
Lot size: 0.09 Acres

Taxes and HOA fees

Tax Annual Amount: 7459

Utilities

Sewer type: Public Sewer
Heating system: Forced Air, Natural Gas
Cooling system: Central Air
Water source: Public

Building Details

Year built: 1900
Floors in Building: 3
Number of units: 3
Building materials: Brick, Stucco, VinylSiding

We can help!

Listing Contact

Shabana Pathan

Listing agent Shabana Pathan

Listing office Keller Williams Northampton 2901 Emrick Blvd., Ste 100, Bethlehem, PA

Listing date Jan 24, 2026

MLS# 770973 Listing URL

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.

HighLights

3‑unit mixed‑use property with a convenience store on the first floor and two residential apartments above
First‑floor convenience store includes an established, long‑term tenant and a fully equipped vacant kitchen
Second‑floor unit has 3 bedrooms, updated full bathroom, and a spacious eat‑in kitchen; luxury vinyl plank flooring
Third‑floor unit is a vacant 2‑bedroom, 1‑bath apartment with a sunroom
Public utilities: public water and public sewer
Heating includes forced air with natural gas; central air and parking lot included

Overview

This mixed-use investment property features three units, offering both immediate and long-term income potential. The first floor is occupied by a long-term convenience store tenant and includes a fully equipped vacant kitchen suitable for expansion or additional revenue streams. The second-floor apartment, currently tenant-occupied, features luxury vinyl plank flooring, three bedrooms, an updated full bathroom, and a spacious eat-in kitchen with tile floors. The third-floor unit is a vacant two-bedroom, one-bath apartment with a sunroom, suitable for owner occupancy or rental, with the potential to generate $1,600 or more per month in passive income. This property, zoned B-2-Central Business, is a solid addition to any portfolio, combining stable commercial tenancy with residential income flexibility. The property is conveniently located close to major highways US-22 and I-78, the Allentown Art Museum, Coca Cola Park, Allentown Airport, shops, and restaurants. The property has a lot size of 0.094 acres and a property size of 4280 square feet.

Local Financial Insights For Specialty Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$82.2k	$19.20
− Vacancy	−$3.7k	−$0.86
EGI	$78.5k	$18.34
− OpEx	−$19.6k	−$4.58
NOI	$58.9k	$13.75

4,280 SF · lease $19.20/SF/yr · vacancy 4.50% · expense 25.00%

Alternative Uses

Best Use

Specialty Retail

$840.8K

$735.7K – $981.0K (±1% cap)

NOI $58,859 @ 7.0% cap · market cap 6.93%

Second Best

Retail

$753.1K

$659.0K – $878.6K (±1% cap)

NOI $52,716 @ 7.0% cap · market cap 6.20%

Theoretical Best

—

same as Best Use

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

A1 Discount Grocery ... Grocery & Convenience Store Papito's Latin Cuisine Grocery & Convenience Store

Suggested Use

Location Insight

Map
Local Demand

City: Allentown
County: Lehigh
State: Pennsylvania
Longitude: -75.478639
Latitude: 40.600738

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For sale
Mixed-use properties
PA
Allentown
18101
1015 W Hamilton Street

What type of property is this?

Mixed-use property - Three-unit property with commercial and residential income potential.

Where is this mixed-use property located?

The property is located at 1015 W Hamilton Street Allentown, PA.

What is the asking price?

The asking price for this property is $849,900.

What are key features of this property?

This property features: 3‑unit mixed‑use property with a convenience store on the first floor and two residential apartments above; First‑floor convenience store includes an established, long‑term tenant and a fully equipped vacant kitchen; Second‑floor unit has 3 bedrooms, updated full bathroom, and a spacious eat‑in kitchen; luxury vinyl plank flooring

1015 W Hamilton Street, Allentown, PA 18101

MULTI_FAMILY - Allentown City, PA

Property Features for 1015 W Hamilton Street

General Information

Taxes and HOA fees

Utilities

Building Details

We can help!

HighLights

Overview

Local Financial Insights For Specialty Retail

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Allentown Mixed-Use Redevelopment Opportunity

Allentown Office Building For Sale

Renovated Court-Leased Office Building

Mixed-Use Investment Property, Allentown, PA

Three-Story Office Building with Parking

Renovated Office Building with Long-Term Lease

Mixed-Use Corner Restaurant Property

Allentown City Office Building For Sale

Corner Mixed-Use Investment Property

Turnkey Church with Classroom Space

Class A Office Building with Parking Lots

Mixed-Use Investment Opportunity

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