Three-Story Mixed-Use
For Sale
$490,000
1120 HAMILTON STREET, Allentown, PA 18101
Professional workspace occupies the ground floor, with two apartments on the upper levels.
Property Size3,480 SF
Price / SF$140.80
Days on Market53
Property Features for 1120 HAMILTON STREET
General Information
Standard status
Active
Size
3,480 SF
Total Parking Spaces
7
Property subtype
Commercial
Units
Unit Mix
1 x 1BR/1BA, 1 x 2BR/1BA
Multifamily Units
2
Office Units
1
Building Details
Year Built
1895
Buildings
1
Stories
3
Listing Agency:
Ehret Realty Inc
Listed By:
Emily M Stout · License #RM420868
(610) 656-5065
Source:
Cummingsrealtors
Added: Sep 9
Changed: Oct 29
Last Checked: Oct 30 at 4:06PM
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 Ehret Realty Inc
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Investment Insights
Based on property information with market context.
Located at 1120 Hamilton Street in Downtown Allentown, this three-story mixed-use property combines a ground-floor professional office with residential space above. The building contains approximately 3,480 SF and was constructed in 1895.
The first floor is configured as a dental office with a professional layout and client access. Residential space includes a 1-bedroom, 1-bath apartment and a 2-bedroom, 1-bath apartment spanning the second and third floors. Seven private on-site parking spaces support the property, while the downtown setting provides street-facing exposure. The sale includes the real estate only; dental equipment is excluded, though it may be available separately.
The first floor is configured as a dental office with a professional layout and client access. Residential space includes a 1-bedroom, 1-bath apartment and a 2-bedroom, 1-bath apartment spanning the second and third floors. Seven private on-site parking spaces support the property, while the downtown setting provides street-facing exposure. The sale includes the real estate only; dental equipment is excluded, though it may be available separately.
Key Highlights
- Approximately 3,480 SF mixed‑use property
- Three‑story building constructed in 1895
- Ground‑floor dental office configuration
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,982
Cap Rate
6.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$679,640
$679.6K
Cap Rate 7%
$485,457
$485.5K
Cap Rate 9%
$377,578
$377.6K
Market Conditions
NOI Build-Up for 3,480 SF
Gross rent
$58.5K $16.80/SF
− Vacancy
−$4.1K −$1.18/SF
EGI
$54.4K $15.62/SF
− OpEx
−$20.4K −$5.86/SF
NOI
$34.0K $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 Rate 5%
$679,640
Cap Rate 7%
$485,457
Cap Rate 9%
$377,578
Alternative Uses
Best Use
Mixed Use
$485.5K
$424.8K – $566.4K
NOI $33,982 @ 7.0% cap · market cap 6.94%
Second Best
Apartment 5plus
$458.7K
$401.4K – $535.2K
NOI $32,109 @ 7.0% cap · market cap 6.55%
Theoretical Best
Specialty Retail
$683.7K
$598.2K – $797.6K
NOI $47,857 @ 7.0% cap · market cap 9.77%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
1
Office units
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,738
Businesses Nearby
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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
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Professional workspace occupies the ground floor, with two apartments on the upper levels.
Where is this mixed-use property located?
The property is located at 1120 HAMILTON STREET Allentown, PA.
What is the asking price?
The asking price for this property is $490,000.
What are key features of this property?
This property features: Approximately 3,480 SF mixed‑use property; Three‑story building constructed in 1895; Ground‑floor dental office configuration
