Two-Story Brick Office
For Sale
$310,000
135 N 5th Street, Allentown, PA 18102
ResidentialIncome, Allentown City, PA
Property Size3,034 SF
Lot Size0.16 Acres
Price / SF$102.18
Days on Market51
Property Features for 135 N 5th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R-H
Bathrooms
4
Half bathrooms
4
Rooms
Bathroom 1, Bathroom 3, Bathroom 2, Bathroom 4
Parking
9
Parking features
Parking Lot
Subdivision
Not in Development
Elementary school district
Allentown
Middle school district
Allentown
High school district
Allentown
Directions
Straight on Hamilton Blvd for 3.1 miles, left on N.6th St., right on W. Turner St., right on N. 5th St.
Standard status
Active
APN
640711874464 1
Size
3,034 SF
Lot size
0.16 Acres
Additional Details
Property Use
Office
Taxes and HOA fees
Tax Annual Amount
5367
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Central Air
Water source
Public
Building Details
Year built
1865
Number of units
2
Building materials
AluminumSiding, Brick
Buildings
1
Listing Agency:
RE/MAX Real Estate · RE/MAX International
(610) 770-9000
Listed By:
Howard C. Schaeffer · License #RS277208
(610) 554-7759
Added: Sep 10
Changed: Oct 23
Last Checked: Oct 30 at 10:06AM
MLS# 784291
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.
Built in 1865, this two-story office building combines a brick and aluminum-siding exterior with a practical multi-office layout. The 3,034-square-foot property includes a reception area, waiting area, three private offices, open workspace, kitchenette, and two powder rooms on the first floor. The upper level contains two large open work areas, five private offices, and two additional powder rooms. The interior has been freshly painted, and each floor has separate electric and gas meters with central air conditioning.
The property occupies 0.162 acres at 135 N 5th Street in Allentown City, near the Lehigh County Courthouse, Business Renaissance District, Symphony Hall, and Allentown Art Museum. Restaurants, the Arts Walk, and other local amenities are within walking distance. Nine private parking spaces provide dedicated on-site vehicle access. Public water and public sewer serve the property, with natural gas heating and R-H zoning.
The property occupies 0.162 acres at 135 N 5th Street in Allentown City, near the Lehigh County Courthouse, Business Renaissance District, Symphony Hall, and Allentown Art Museum. Restaurants, the Arts Walk, and other local amenities are within walking distance. Nine private parking spaces provide dedicated on-site vehicle access. Public water and public sewer serve the property, with natural gas heating and R-H zoning.
Key Highlights
- 3,034 square feet across two office floors
- First floor includes reception, waiting area, 3 private offices, open workspace, kitchenette, and 2 powder rooms
- Second floor offers 2 open work areas, 5 private offices, and 2 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.
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Property Analytics
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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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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office building - Recently painted office property with private rooms, open work areas, central air, and dedicated on-site parking.
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 across two office floors; First floor includes reception, waiting area, 3 private offices, open workspace, kitchenette, and 2 powder rooms; Second floor offers 2 open work areas, 5 private offices, and 2 powder rooms
