Fully Renovated
For Sale
$350,000
1132 E Susquehanna Street E, Allentown, PA 18103
MULTI_FAMILY - Allentown City, PA
Property Size1,632 SF
Lot Size0.11 Acres
Price / SF$214.46
Days on Market17
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 1, Bedroom 3, Bedroom 4, Bathroom 1, Bathroom 2, Bedroom 2
Parking
2
Parking features
Off Street, On 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
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: Aug 1
Last Checked: Aug 12 at 11:06PM
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.
Fully renovated duplex on a 0.11-acre lot with two distinct units and separate living layouts. The street-level unit offers two bedrooms and a bathroom. The second unit is accessible from the rear and features a one-bedroom, one-bathroom layout with a wrap-around deck connected by a sliding door. An expansive yard adds outdoor space with mature trees.
The property includes baseboard heating and window unit cooling. Public water and public sewer services support both units. Parking is available with both off-street and on-street options. Built in 1920 and zoned C2, the building provides a duplex configuration that can support an owner-occupant lifestyle alongside a rental unit.
With 1,632 square feet of building area, this property is designed for flexible occupancy and straightforward everyday living across its two-unit setup.
The property includes baseboard heating and window unit cooling. Public water and public sewer services support both units. Parking is available with both off-street and on-street options. Built in 1920 and zoned C2, the building provides a duplex configuration that can support an owner-occupant lifestyle alongside a rental unit.
With 1,632 square feet of building area, this property is designed for flexible occupancy and straightforward everyday living across its two-unit setup.
Key Highlights
- 0.11‑acre lot with an expansive yard and mature trees
- Two‑unit duplex layout: street‑level two‑bedroom unit plus rear‑access one‑bedroom unit
- Wrap‑around deck off the rear unit with sliding door access
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
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
122
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Fully renovated duplex zoned C2 with two units, including a rear-access one-bedroom with a wrap-around deck.
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: 0.11‑acre lot with an expansive yard and mature trees; Two‑unit duplex layout: street‑level two‑bedroom unit plus rear‑access one‑bedroom unit; Wrap‑around deck off the rear unit with sliding door access
