Three-Bedroom Twin
For Sale
$159,000
Pending
1243 Russell St, Allentown, PA 18102
Occupied multifamily property with dedicated parking and utility hookups supporting ongoing residential use.
Property Size1,066 SF
Days on Market38
Property Features for 1243 Russell St
General Information
Standard status
Pending
Size
1,066 SF
Total Parking Spaces
1
Property subtype
Multi-Family
Units
Unit Mix
3BR/1BA
Multifamily Units
1
Additional Details
Utilities to Site
Yes
Building Details
Year Built
1903
Tenancy
Single
Listing Agency:
Light House Realty LV LLC
Listed By:
Christine A. Stefchak
(484) 553-4779
Source:
Poconohomessearch
Added: Aug 14
Changed: Sep 15
Last Checked: Sep 19 at 9:53AM
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 Light House Realty LV LLC
Investment Insights
Based on property information with market context.
This 1,066-square-foot twin home contains three bedrooms and one bathroom, with electric heat and a basement equipped with gas, cooking, and laundry hookups. The property was built in 1903 and includes one off-street parking space. Public water and sewer serve the home, and a clear Certificate of Occupancy is in place from the City of Allentown.
A tenant is currently in place, with the tenant responsible for all utilities other than trash, which is billed with taxes. The property is located at 1243 Russell Street in Allentown, Pennsylvania, and is offered as a multifamily asset with an established occupancy arrangement.
A tenant is currently in place, with the tenant responsible for all utilities other than trash, which is billed with taxes. The property is located at 1243 Russell Street in Allentown, Pennsylvania, and is offered as a multifamily asset with an established occupancy arrangement.
Key Highlights
- Three‑bedroom, one‑bathroom twin home
- 1,066 SF property built in 1903
- Tenant in place with tenant‑paid utilities except trash
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
$9,836
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
6.19%
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%
$196,720
$196.7K
Cap Rate 7%
$140,514
$140.5K
Cap Rate 9%
$109,289
$109.3K
Market Conditions
NOI Build-Up for 1,066 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
$19.2K $18.00/SF
− Vacancy
−$1.3K −$1.22/SF
EGI
$17.9K $16.78/SF
− OpEx
−$8.0K −$7.55/SF
NOI
$9.8K $9.23/SF
Area
Allentown, PA
Vacancy
6.80%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
45.00%
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%
$196,720
Cap Rate 7%
$140,514
Cap Rate 9%
$109,289
Alternative Uses
Best Use
Apartment 5plus
$140.5K
$123.0K – $163.9K
NOI $9,836 @ 7.0% cap · market cap 6.19%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$209.4K
$183.3K – $244.3K
NOI $14,660 @ 7.0% cap · market cap 9.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Single-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
3,181
Businesses Nearby
Explore this area
Business Placement
Demographics for 18102, PA
51,567
Population
18,788
Households
2.7
Avg Household Size
32
Median Age
11%
College-Educated
76%
High-School Grad
3.0 sq mi
ZIP Area
17,189
Density / Sq Mi
$40,681
Median Household Income
$29,501
Median Earnings
$1,224
Median Rent
$146,600
Median Home Value
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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?
Multifamily property - Occupied multifamily property with dedicated parking and utility hookups supporting ongoing residential use.
Where is this multifamily property located?
The property is located at 1243 Russell St Allentown, PA.
What is the asking price?
The asking price for this property is $159,000.
What are key features of this property?
This property features: Three‑bedroom, one‑bathroom twin home; 1,066 SF property built in 1903; Tenant in place with tenant‑paid utilities except trash
