Duplex with Hardwood
For Sale
$369,900
Pending
1330 S 9TH STREET, Allentown, PA 18103
Two-unit residential property with separate outdoor spaces and tenant-paid electric heat.
Property Size1,968 SF
Days on Market65
Property Features for 1330 S 9TH STREET
General Information
Standard status
Pending
Size
1,968 SF
Property subtype
Duplex
Building Details
Building Size
1,968 SF
Year Built
1984
Listing Agency:
RE/MAX Central - Allentown
(610) 398-8111
Listed By:
Joyce Folsom Shiffler
(610) 398-8111
Source:
Christroxellteam.kw
Added: Jun 26
Changed: Aug 28
Last Checked: Aug 29 at 5:49AM
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 RE/MAX Central - Allentown
Investment Insights
Based on property information with market context.
This duplex contains two two-bedroom units built in 1984. Interior features include hardwood flooring, cathedral ceilings, and appliances, with a washer and dryer included. Each residence has private outdoor space: a patio serves the first-floor unit, while the upper unit includes a balcony.
Electric heat is paid by the tenants, supporting a straightforward utility arrangement. The property is located near major routes in South Allentown, with access to the surrounding Allentown area.
Electric heat is paid by the tenants, supporting a straightforward utility arrangement. The property is located near major routes in South Allentown, with access to the surrounding Allentown area.
Key Highlights
- Two‑bedroom, two‑unit duplex
- Built in 1984
- Hardwood floors and cathedral ceilings
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
$20,643
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
5.58%
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%
$412,860
$412.9K
Cap Rate 7%
$294,900
$294.9K
Cap Rate 9%
$229,367
$229.4K
Market Conditions
NOI Build-Up for 1,968 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
$31.9K $16.20/SF
− Vacancy
−$2.4K −$1.22/SF
EGI
$29.5K $14.99/SF
− OpEx
−$8.8K −$4.50/SF
NOI
$20.6K $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%
$412,860
Cap Rate 7%
$294,900
Cap Rate 9%
$229,367
Alternative Uses
Best Use
Multifamily LT 5
$294.9K
$258.0K – $344.1K
NOI $20,643 @ 7.0% cap · market cap 5.58%
Second Best
Apartment 5plus
$259.4K
$227.0K – $302.6K
NOI $18,158 @ 7.0% cap · market cap 4.91%
Theoretical Best
Specialty Retail
$386.6K
$338.3K – $451.1K
NOI $27,064 @ 7.0% cap · market cap 7.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
606
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit residential property with separate outdoor spaces and tenant-paid electric heat.
Where is this duplex located?
The property is located at 1330 S 9TH STREET Allentown, PA.
What is the asking price?
The asking price for this property is $369,900.
What are key features of this property?
This property features: Two‑bedroom, two‑unit duplex; Built in 1984; Hardwood floors and cathedral ceilings
