Mixed-Use Triplex with Convenience
1015 W Hamilton St Allentown, PA 18104
New
1015 W Hamilton St, Allentown, PA, 18104
$849,900
For Sale
$849,900
Three-unit property with a street-level convenience store tenant and two residential units above.
Property Size4,280 SF
Price / SF$198.57
Days on Market3
Property Features for 1015 W Hamilton St
General Information
- Standard status
- Active
- Size
- 4,280 SF
Building Details
- Year Built
- 1900
Listing agency
Keller Williams Real Estate - Bethlehem
(610) 867-8888
Listed by
Shabana Pathan
Source
Kandorre
Added: Jul 20 Updated: Jul 21 at 8:37AM Checked: Jul 22 at 4:50AM
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 Keller Williams Real Estate - Bethlehem
Investment Insights
Based on property information with market context.
This versatile three-unit, mixed-use property combines commercial tenancy with residential income. The first floor is home to an established, long-term tenant operating a convenience store and includes a fully equipped vacant kitchen, providing room for expansion or additional revenue opportunities.
The second-floor apartment is tenant-occupied and features luxury vinyl plank flooring throughout, two bedrooms, an updated full bathroom, and a spacious eat-in kitchen with tile floors. The third-floor unit is vacant and offers a one-bedroom, one-bath layout with a sunroom, which can support owner occupancy or rental.
The property is conveniently located near major highways US-22 and I-78, and close to local destinations including the Allentown Art Museum, Coca-Cola Park, and Allentown Airport, with access to shops and restaurants.
The second-floor apartment is tenant-occupied and features luxury vinyl plank flooring throughout, two bedrooms, an updated full bathroom, and a spacious eat-in kitchen with tile floors. The third-floor unit is vacant and offers a one-bedroom, one-bath layout with a sunroom, which can support owner occupancy or rental.
The property is conveniently located near major highways US-22 and I-78, and close to local destinations including the Allentown Art Museum, Coca-Cola Park, and Allentown Airport, with access to shops and restaurants.
Key Highlights
- 3‑unit mixed‑use property (street‑level convenience store plus 2 residential units) with Year Built 1900.
- First‑floor convenience store is tenant‑occupied with a fully equipped kitchen and tile‑equipped space ready for added revenue opportunities.
- Second‑floor apartment has 2 bedrooms, luxury vinyl plank flooring, an updated full bathroom, and a spacious eat‑in kitchen with tile floors.
Local Financial Insights For Specialty 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 | $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
NOI $58,859 @ 7.0% cap · market cap 6.93%
Second Best
Retail
$753.1K
$659.0K – $878.6K
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 Analytics
Location Intelligence
Current Use by Public Records
A1 Discount Grocery ...
Grocery & Convenience Store
Papito's Latin Cuisine
Grocery & Convenience Store
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Three-unit property with a street-level convenience store tenant and two residential units above.
Where is this triplex located?
The property is located at 1015 W Hamilton St 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 (street‑level convenience store plus 2 residential units) with Year Built 1900.; First‑floor convenience store is tenant‑occupied with a fully equipped kitchen and tile‑equipped space ready for added revenue opportunities.; Second‑floor apartment has 2 bedrooms, luxury vinyl plank flooring, an updated full bathroom, and a spacious eat‑in kitchen with tile floors.
