Renovated Duplex with Wraparound
For Sale
$350,000
1132 E Susquehanna Street E, Allentown, PA 18103
ResidentialIncome, Allentown City, PA
Property Size1,632 SF
Lot Size0.11 Acres
Price / SF$214.46
Days on Market50
Property Features for 1132 E Susquehanna Street E
General Information
Property type
Residential Multi Family
Property subtype
Apartment
Zoning
C2
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bedroom 1, Bedroom 3, Bathroom 2, Bathroom 1, Bedroom 4
Parking
2
Parking features
On Street, Off Street
Subdivision
Salisbury Hills
Elementary school district
Salisbury
Middle school district
Salisbury
High school district
Salisbury
Directions
Lehigh to Susquehanna Property on the right, Park on side pad or front of the house on curb
Standard status
Active
APN
641637012419-1
Size
1,632 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Annual Amount
4194
Utilities
Sewer type
Public Sewer
Heating system
Baseboard
Cooling system
Window Unit(s)
Water source
Public
Amenities
wrap-around deck
expansive yard
mature trees
Building Details
Year built
1920
Floors in Building
2
Number of units
2
Listing Agency:
Sunny Curb Appeal LLC
(610) 813-2071
Listed By:
Sonia A. Castro
(484) 554-7672
Added: Jul 28
Changed: Sep 12
Last Checked: Sep 15 at 4:06PM
MLS# 781658
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 renovated duplex contains 1,632 square feet across two separate residences. The street-level unit includes two bedrooms and one bathroom, while the rear-access unit offers one bedroom and one bathroom. The smaller residence also features a wraparound deck connected by a sliding door, and the property includes a yard with mature trees.
Built in 1920, the property is located in Allentown City and is zoned C2. Baseboard heating and window-unit cooling serve the building. Public water and public sewer are in place, with both on-street and off-street parking available. The lot measures 0.11 acres.
Built in 1920, the property is located in Allentown City and is zoned C2. Baseboard heating and window-unit cooling serve the building. Public water and public sewer are in place, with both on-street and off-street parking available. The lot measures 0.11 acres.
Key Highlights
- Two‑unit duplex with 1,632 square feet
- Street‑level unit with 2 bedrooms and 1 bathroom
- Rear‑access unit with 1 bedroom and 1 bathroom
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
$17,119
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
4.89%
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%
$342,380
$342.4K
Cap Rate 7%
$244,557
$244.6K
Cap Rate 9%
$190,211
$190.2K
Market Conditions
NOI Build-Up for 1,632 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
$26.4K $16.20/SF
− Vacancy
−$2.0K −$1.22/SF
EGI
$24.5K $14.99/SF
− OpEx
−$7.3K −$4.50/SF
NOI
$17.1K $10.49/SF
Area
Allentown, PA
Vacancy
7.50%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
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%
$342,380
Cap Rate 7%
$244,557
Cap Rate 9%
$190,211
Alternative Uses
Best Use
Multifamily LT 5
$244.6K
$214.0K – $285.3K
NOI $17,119 @ 7.0% cap · market cap 4.89%
Second Best
Apartment 5plus
$215.1K
$188.2K – $251.0K
NOI $15,058 @ 7.0% cap · market cap 4.30%
Theoretical Best
Specialty Retail
$320.6K
$280.5K – $374.1K
NOI $22,443 @ 7.0% cap · market cap 6.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
104
Businesses Nearby
Explore this area
Business Placement
Demographics for 18103, PA
48,358
Population
19,769
Households
2.4
Avg Household Size
39
Median Age
28%
College-Educated
88%
High-School Grad
17.2 sq mi
ZIP Area
2,812
Density / Sq Mi
$72,545
Median Household Income
$38,377
Median Earnings
$1,333
Median Rent
$242,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit property with a two-bedroom unit and a one-bedroom unit.
Where is this duplex located?
The property is located at 1132 E Susquehanna Street E Allentown, PA.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Two‑unit duplex with 1,632 square feet; Street‑level unit with 2 bedrooms and 1 bathroom; Rear‑access unit with 1 bedroom and 1 bathroom
