Four-Unit Mixed-Use
For Sale
$599,900
112 114 N 8th Street, Allentown, PA 18101
ResidentialIncome, Allentown City, PA
Property Size3,586 SF
Lot Size0.02 Acres
Price / SF$167.29
Days on Market47
Property Features for 112 114 N 8th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
B-2
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2
Parking
1
Parking features
On Street
Subdivision
Not in Development
Elementary school district
Allentown
Middle school district
Allentown
High school district
Allentown
Directions
On North 8th St Between Linden and Turner
Standard status
Active
APN
640700185065-1
Size
3,586 SF
Lot size
0.02 Acres
Taxes and HOA fees
Tax Annual Amount
5854
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating)
Cooling system
Ceiling Fan(s)
Water source
Public
Amenities
private courtyard
laundry room
sunroom
private entrance
Building Details
Year built
1900
Floors in Building
2
Number of units
2
Building materials
Brick, Frame
Listing Agency:
Century 21 Ramos Realty · Century 21 Real Estate
(610) 866-4423
Listed By:
Anthony Ramos · License #AB068035
(610) 866-4423
Added: Jul 14
Changed: Aug 19
Last Checked: Aug 29 at 12:06AM
MLS# 780633
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.
This mixed-use property at 112-114 N 8th Street and 114R N 8th Street combines four units within a 3,586-square-foot building. The street level contains two storefronts, while the residential component includes a one-bedroom apartment and a rear apartment configured with two or three bedrooms, two full bathrooms, a laundry room, and a sunroom. Separate entrances serve each unit, and a private courtyard provides access to the rear residence.
A detached? No—The property includes a two-car, two-story garage for parking and storage, along with on-street parking. Built in 1900, the structure uses brick and frame construction and is served by public water and public sewer. Heating is electric, cooling is provided by ceiling fans, and the property is zoned B-2 in Allentown City, Pennsylvania.
A detached? No—The property includes a two-car, two-story garage for parking and storage, along with on-street parking. Built in 1900, the structure uses brick and frame construction and is served by public water and public sewer. Heating is electric, cooling is provided by ceiling fans, and the property is zoned B-2 in Allentown City, Pennsylvania.
Key Highlights
- Four‑unit mixed‑use property with 3,586 square feet
- Two street‑level storefronts plus two residential apartments
- Rear apartment offers two or three bedrooms, two full bathrooms, laundry, and a sunroom
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
$49,315
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
8.22%
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%
$986,300
$986.3K
Cap Rate 7%
$704,500
$704.5K
Cap Rate 9%
$547,944
$547.9K
Market Conditions
NOI Build-Up for 3,586 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
$68.9K $19.20/SF
− Vacancy
−$3.1K −$0.86/SF
EGI
$65.8K $18.34/SF
− OpEx
−$16.4K −$4.58/SF
NOI
$49.3K $13.75/SF
Area
Allentown, PA
Vacancy
4.50%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
25.00%
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%
$986,300
Cap Rate 7%
$704,500
Cap Rate 9%
$547,944
Alternative Uses
Best Use
Specialty Retail
$704.5K
$616.4K – $821.9K
NOI $49,315 @ 7.0% cap · market cap 8.22%
Second Best
Retail
$631.0K
$552.1K – $736.1K
NOI $44,168 @ 7.0% cap · market cap 7.36%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,530
Businesses Nearby
Explore this area
Business Placement
Demographics for 18101, PA
5,108
Population
2,686
Households
1.9
Avg Household Size
32
Median Age
19%
College-Educated
79%
High-School Grad
0.3 sq mi
ZIP Area
17,027
Density / Sq Mi
$41,542
Median Household Income
$34,397
Median Earnings
$1,337
Median Rent
$153,800
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two storefronts accompany one-bedroom and larger rear residential apartments with private entrances and a two-story garage.
Where is this mixed-use property located?
The property is located at 112 114 N 8th Street Allentown, PA.
What is the asking price?
The asking price for this property is $599,900.
What are key features of this property?
This property features: Four‑unit mixed‑use property with 3,586 square feet; Two street‑level storefronts plus two residential apartments; Rear apartment offers two or three bedrooms, two full bathrooms, laundry, and a sunroom
