Mixed-Use Retail and
1102 Hanover Avenue Allentown, PA 18109
For Sale
$449,990
SINGLE_FAMILY - Allentown City, PA
Property Size2,876 SF
Lot Size0.11 Acres
Price / SF$156.46
Days on Market41
Property Features for 1102 Hanover Avenue
General Information
Property type
Residential
Property subtype
Retail
Zoning
MX-N
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
Roof type
Flat
Listing Agency:
Howard Hanna TheFrederickGroup
(610) 398-0411
Listed By:
Matt Sprung · License #AB068265
(610) 417-2198
Added: Jun 18
Changed: Jul 27
Last Checked: Jul 28 at 3:06AM
MLS# 779039
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 offering a retail storefront plus two separate apartments. The building is configured to support both street-level retail activity and residential living within the same address, providing an owner the ability to diversify use under a single roof.
The property is located on Hanover Avenue and is zoned MX-N. It sits in Allentown’s East Side, where the surrounding area is experiencing reinvestment tied to major redevelopment activity described in the public remarks.
With retail space and two residential units, the asset may be a strong fit for an owner-operator or investor seeking a combined income stream from both commercial and residential components, subject to all applicable leasing, permitting, and operating requirements.
The property is located on Hanover Avenue and is zoned MX-N. It sits in Allentown’s East Side, where the surrounding area is experiencing reinvestment tied to major redevelopment activity described in the public remarks.
With retail space and two residential units, the asset may be a strong fit for an owner-operator or investor seeking a combined income stream from both commercial and residential components, subject to all applicable leasing, permitting, and operating requirements.
Key Highlights
- Mixed‑use property with a retail storefront and two apartments at 1102 Hanover Avenue
- Central air cooling and natural gas heating
- Public water and public sewer
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 6.70%
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
Similar Off Market Nearby
- Fenimore & Rutland, LLC — 138 N Jasper St, Allentown, PA 18109
Frequently Asked Questions
What type of property is this?
Storefront property - Mixed-use property with a retail storefront and two apartments under MX-N zoning at 1102 Hanover Avenue.
Where is this storefront property located?
The property is located at 1102 Hanover Avenue Allentown, PA.
What is the asking price?
The asking price for this property is $449,990.
What are key features of this property?
This property features: Mixed‑use property with a retail storefront and two apartments at 1102 Hanover Avenue; Central air cooling and natural gas heating; Public water and public sewer
