Two-Story Office
New
For Sale
$310,000
135 N 5th Street, Allentown, PA 18102
Separate utility meters and central air conditioning serve both floors.
Property Size3,034 SF
Price / SF$102.18
Days on Market4
Property Features for 135 N 5th Street
General Information
Standard status
Active
Size
3,034 SF
Total Parking Spaces
9
Property subtype
Residential Income
Zoning
R-H
Additional Details
Utilities to Site
Yes
Property Use
Office
Taxes and HOA fees
Annual Taxes
$5,367
Amenities
kitchenette
central air conditioning
4
true
Assessor
Public
7057
9
44x160
0.162
Public Records
Parking Lot
Building Details
Year Built
1865
Buildings
1
Stories
2
Construction
brick
Listing Agency:
(610) 890-9942
Listed By:
Andrew Dilg
Source:
Corbyrealty
Added: Oct 30
Changed: Oct 31
Last Checked: Oct 31 at 3:13AM
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 Andrew Dilg
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Investment Insights
Based on property information with market context.
This two-story brick office building contains 3,034 square feet and was built in 1865. The first floor includes reception and waiting areas, three private offices, open workspace, a kitchenette, and two powder rooms. Upstairs are two large open work areas, five private offices, and two additional powder rooms. The interior has been freshly painted, and central air conditioning serves the building. Each floor has separate electric and gas meters.
The property is at 135 N 5th Street in Allentown, near the Lehigh County Courthouse, the Business Renaissance District, Symphony Hall, and the Allentown Art Museum. Restaurants, the Arts Walk, and other local amenities are within walking distance. Nine private parking spaces are provided.
The property is at 135 N 5th Street in Allentown, near the Lehigh County Courthouse, the Business Renaissance District, Symphony Hall, and the Allentown Art Museum. Restaurants, the Arts Walk, and other local amenities are within walking distance. Nine private parking spaces are provided.
Key Highlights
- 3,034 square feet in a two‑story brick office building
- First floor offers three private offices, open workspace, reception, waiting area, kitchenette, and two powder rooms
- Second floor has five private offices, two open work areas, and two powder rooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,471
Cap Rate
5.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$329,420
$329.4K
Cap Rate 7%
$235,300
$235.3K
Cap Rate 9%
$183,011
$183.0K
Market Conditions
NOI Build-Up for 3,034 SF
Gross rent
$23.7K $7.80/SF
− Vacancy
−$1.7K −$0.56/SF
EGI
$22.0K $7.24/SF
− OpEx
−$5.5K −$1.81/SF
NOI
$16.5K $5.43/SF
Area
Allentown, PA
Vacancy
7.20%
Lease Rate
$7.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$329,420
Cap Rate 7%
$235,300
Cap Rate 9%
$183,011
Alternative Uses
Best Use
Office B
$235.3K
$205.9K – $274.5K
NOI $16,471 @ 7.0% cap · market cap 5.31%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$596.1K
$521.6K – $695.4K
NOI $41,724 @ 7.0% cap · market cap 13.46%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
3,315
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 Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office building - Separate utility meters and central air conditioning serve both floors.
Where is this office building located?
The property is located at 135 N 5th Street Allentown, PA.
What is the asking price?
The asking price for this property is $310,000.
What are key features of this property?
This property features: 3,034 square feet in a two‑story brick office building; First floor offers three private offices, open workspace, reception, waiting area, kitchenette, and two powder rooms; Second floor has five private offices, two open work areas, and two powder rooms
