4-Unit Residential Property with
New
For Sale
$650,000
114 S 8th Street, Allentown, PA 18101
CommercialSale, Allentown City, PA
Property Size3,360 SF
Lot Size0.16 Acres
Price / SF$193.45
Days on Market2
Property Features for 114 S 8th Street
General Information
Property type
Commercial Sale
Property subtype
Apartment
Zoning
Gx-N-Residential
Parking
15
Parking features
Garage
Elementary school district
Allentown
Middle school district
Allentown
High school district
Allentown
Directions
East on Hamilton, turn right on 8th St. Property is on your right. You can park by the garages.
Subdivision
Allentown-Central
Standard status
Active
APN
640609647823-1
Size
3,360 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Annual Amount
4823
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1880
Number of units
4
Building materials
Brick
Roof type
Flat
Listing Agency:
Keller Williams Allentown · Keller Williams Realty
(610) 435-1800
Listed By:
Christopher W. McKay
(215) 459-5689
Added: Oct 24
Last Checked: Oct 25 at 2:06PM
MLS# 786899
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.
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Investment Insights
Based on property information with market context.
This 3,360-square-foot brick residential property contains four apartments: two with two bedrooms and two with one bedroom. High ceilings and abundant natural light characterize the units. Behind the main building are 15 detached garages, split into groups of 12 and 3. The apartments and garage spaces are vacant, and the property is offered in as-is condition.
Built in 1880 on a 0.158-acre parcel, the property has a flat roof and is served by public water and public sewer. It is zoned Gx-N-Residential and sits two blocks from the ADP building and PPL Center in Downtown Allentown.
Built in 1880 on a 0.158-acre parcel, the property has a flat roof and is served by public water and public sewer. It is zoned Gx-N-Residential and sits two blocks from the ADP building and PPL Center in Downtown Allentown.
Key Highlights
- Four apartments: two 2‑bedroom units and two 1‑bedroom units
- 15 detached garages arranged in blocks of 12 and 3
- 3,360 square feet on a 0.158‑acre parcel
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,245
Cap Rate
5.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$704,900
$704.9K
Cap Rate 7%
$503,500
$503.5K
Cap Rate 9%
$391,611
$391.6K
Market Conditions
NOI Build-Up for 3,360 SF
Gross rent
$54.4K $16.20/SF
− Vacancy
−$4.1K −$1.22/SF
EGI
$50.3K $14.99/SF
− OpEx
−$15.1K −$4.50/SF
NOI
$35.2K $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 Rate 5%
$704,900
Cap Rate 7%
$503,500
Cap Rate 9%
$391,611
Alternative Uses
Best Use
Multifamily LT 5
$503.5K
$440.6K – $587.4K
NOI $35,245 @ 7.0% cap · market cap 5.42%
Second Best
Mixed Use
$468.7K
$410.1K – $546.8K
NOI $32,810 @ 7.0% cap · market cap 5.05%
Theoretical Best
Specialty Retail
$660.1K
$577.6K – $770.1K
NOI $46,207 @ 7.0% cap · market cap 7.11%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,858
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 Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Quadplex - Four apartments and detached garage spaces are vacant for tenant placement after purchase.
Where is this quadplex located?
The property is located at 114 S 8th Street Allentown, PA.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Four apartments: two 2‑bedroom units and two 1‑bedroom units; 15 detached garages arranged in blocks of 12 and 3; 3,360 square feet on a 0.158‑acre parcel
