Mixed-Use Property with
For Sale
$275,000
1044 W Liberty St, Allentown, PA 18102
Two-story configuration combines a ground-floor shop with an upstairs apartment.
Property Size2,304 SF
Price / SF$119.36
Days on Market9
Property Features for 1044 W Liberty St
General Information
Standard status
Active
Size
2,304 SF
Total Parking Spaces
3
Property subtype
Multi-Family
Units
Unit Mix
1 x 2BR
Multifamily Units
1
Building Details
Year Built
1920
Buildings
1
Stories
2
Listing Agency:
Keller Williams Allentown
(610) 435-1800
Listed By:
Dave Capece
Source:
Jennysoldmine
Added: Aug 23
Changed: Aug 29
Last Checked: Aug 30 at 7:15PM
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 Allentown
Investment Insights
Based on property information with market context.
This 2,304-square-foot mixed-use property, built in 1920, combines commercial and residential space within a two-story layout. The first floor includes an 800-square-foot shop, a powder room, and three separate garages. A two-bedroom apartment occupies the second floor, creating a distinct residential component above the commercial area.
The property is located at 1044 W Liberty St in Allentown City, PA 18102. Commercial and apartment leases are month-to-month, and the property information reports total current market rents estimated at $2,675 per month. Reported cash flow is 10% or more.
The property is located at 1044 W Liberty St in Allentown City, PA 18102. Commercial and apartment leases are month-to-month, and the property information reports total current market rents estimated at $2,675 per month. Reported cash flow is 10% or more.
Key Highlights
- 2,304‑square‑foot mixed‑use property built in 1920
- 800‑square‑foot first‑floor shop with powder room
- Three separate garages included
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$22,499
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.18%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$449,980
$450.0K
Cap Rate 7%
$321,414
$321.4K
Cap Rate 9%
$249,989
$250.0K
Market Conditions
NOI Build-Up for 2,304 SF
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.
Gross rent
$38.7K $16.80/SF
− Vacancy
−$2.7K −$1.18/SF
EGI
$36.0K $15.62/SF
− OpEx
−$13.5K −$5.86/SF
NOI
$22.5K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$449,980
Cap Rate 7%
$321,414
Cap Rate 9%
$249,989
Alternative Uses
Best Use
Retail
$405.4K
$354.7K – $473.0K
NOI $28,378 @ 7.0% cap · market cap 10.32%
Second Best
Mixed Use
$321.4K
$281.2K – $375.0K
NOI $22,499 @ 7.0% cap · market cap 8.18%
Theoretical Best
Specialty Retail
$452.6K
$396.1K – $528.1K
NOI $31,685 @ 7.0% cap · market cap 11.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
3,092
Businesses Nearby
105k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 69%
Groceries 21%
Dining 6%
Home Improvements & Furnishings 3%
IGA Little Apple Market
Groceries
21,625 visits/mo
0.4 miles
Dollar Tree
Shops & Services
16,657 visits/mo
0.2 miles
7-Eleven
Shops & Services
14,046 visits/mo
0.5 miles
Sunoco
Shops & Services
12,060 visits/mo
0.5 miles
Gulf Oil
Shops & Services
10,040 visits/mo
0.5 miles
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
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two-story configuration combines a ground-floor shop with an upstairs apartment.
Where is this mixed-use property located?
The property is located at 1044 W Liberty St Allentown, PA.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: 2,304‑square‑foot mixed‑use property built in 1920; 800‑square‑foot first‑floor shop with powder room; Three separate garages included
