Mixed-Use Building with Retail and
1102 Hanover Avenue Allentown, PA 18109
For Sale
$449,900
MULTI_FAMILY - Allentown City, PA
Property Size2,876 SF
Lot Size0.11 Acres
Price / SF$156.43
Days on Market32
Property Features for 1102 Hanover Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
MX-S
Parking
3
Standard status
Active
APN
641706238220 1
Size
2,876 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Annual Amount
6130
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Central Air
Water source
Public
Building Details
Year built
1925
Number of units
3
Building materials
Brick
Listing Agency:
Howard Hanna TheFrederickGroup
(610) 398-0411
Listed By:
Matt Sprung · License #AB068265
(610) 417-2198
Added: Jun 27
Changed: Jul 27
Last Checked: Jul 28 at 3:06AM
MLS# 779481
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.
Investment Insights
Based on property information with market context.
1102 Hanover Avenue is a mixed-use property featuring a retail storefront and two apartments, offering the option to operate a business while generating residential income. The property is zoned MX-S.
The building has visibility along Hanover Avenue and is positioned near major local amenities, including Coca-Cola Park. It also provides quick access to the Airport Road retail corridor.
The building has visibility along Hanover Avenue and is positioned near major local amenities, including Coca-Cola Park. It also provides quick access to the Airport Road retail corridor.
Key Highlights
- Mixed‑use building with a retail storefront plus two apartments
- Brick construction with natural gas heat and central air
- Built in 1925
Financial Insights For 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 | $53.5k | $18.60 |
| − Vacancy | −$2.9k | −$1.00 |
| EGI | $50.6k | $17.60 |
| − OpEx | −$15.2k | −$5.28 |
| NOI | $35.4k | $12.32 |
2,876 SF · lease $18.60/SF/yr · vacancy 5.40% · expense 30.00%
Alternative Uses
Best Use
Retail
$506.0K
$442.8K – $590.4K
NOI $35,423 @ 7.0% cap · market cap 7.87%
Second Best
Multifamily LT 5
$431.0K
$377.1K – $502.8K
NOI $30,168 @ 7.0% cap · market cap 6.71%
Theoretical Best
Specialty Retail
$565.0K
$494.4K – $659.2K
NOI $39,551 @ 7.0% cap · market cap 8.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Mixed-use building with a retail storefront and two apartments, zoned MX-S in Allentown, PA.
Where is this duplex located?
The property is located at 1102 Hanover Avenue Allentown, PA.
What is the asking price?
The asking price for this property is $449,900.
What are key features of this property?
This property features: Mixed‑use building with a retail storefront plus two apartments; Brick construction with natural gas heat and central air; Built in 1925
