Two-Unit Residential Income
For Sale
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1352 Liberty Street, Allentown, PA 18102
Fully occupied duplex with one 2-bedroom and one 3-bedroom unit, separately metered utilities, and two off-street parking spaces.
Property Size1,882 SF
Price / SF$168.97
Days on Market117
Property Features for 1352 Liberty Street
General Information
Standard status
Active
Size
1,882 SF
Class
B
Total Parking Spaces
2
Property subtype
Multifamily
Zoning
R-MH
Occupancy
100%
Investment Type
Value Add
Net Operating Income
$26,043
Additional Details
Multifamily Units
2
Amenities
in-unit washer and dryer
Building Details
Year Built
1910
Buildings
1
Stories
3
Units
3
Tenancy
Multi
Listing Agency:
EXP Realty
Listed By:
Akinlana Popoola · License #RS379206
(412) 925-5551
Source:
Crexi
Added: Jun 16
Changed: Oct 5
Last Checked: Oct 9 at 5:30PM
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 EXP Realty
Investment Insights
Based on property information with market context.
Fully occupied two-unit investment property generating $30,063 in gross income and $26,043 in net income. The duplex includes one 2-bedroom unit and one 3-bedroom unit, with a functional unit mix designed for steady occupancy. The second-floor unit is arranged over two levels in a townhouse-style layout, and the top apartment features an in-unit washer and dryer.
Tenants are responsible for electric, heat, and water, with all utilities separately metered. Landlord responsibilities are limited to taxes and insurance. Additional tenant convenience includes two off-street parking spaces.
Located at 1352 Liberty Street in Allentown, PA 18102, the property is positioned for long-term rental stability within the Lehigh Valley rental market.
Tenants are responsible for electric, heat, and water, with all utilities separately metered. Landlord responsibilities are limited to taxes and insurance. Additional tenant convenience includes two off-street parking spaces.
Located at 1352 Liberty Street in Allentown, PA 18102, the property is positioned for long-term rental stability within the Lehigh Valley rental market.
Key Highlights
- Fully occupied 2‑unit duplex built in 1910, offering one 2‑bedroom unit and one 3‑bedroom unit
- Generates $30,063 in gross income and $26,043 in net income (per provided remarks)
- Top apartment includes an in‑unit washer and dryer
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,741
Cap Rate
6.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$394,820
$394.8K
Cap Rate 7%
$282,014
$282.0K
Cap Rate 9%
$219,344
$219.3K
Market Conditions
NOI Build-Up for 1,882 SF
Gross rent
$30.5K $16.20/SF
− Vacancy
−$2.3K −$1.22/SF
EGI
$28.2K $14.99/SF
− OpEx
−$8.5K −$4.50/SF
NOI
$19.7K $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%
$394,820
Cap Rate 7%
$282,014
Cap Rate 9%
$219,344
Alternative Uses
Best Use
Multifamily LT 5
$282.0K
$246.8K – $329.0K
NOI $19,741 @ 7.0% cap · market cap 6.21%
Second Best
Apartment 5plus
$248.1K
$217.1K – $289.4K
NOI $17,365 @ 7.0% cap · market cap 5.46%
Theoretical Best
Specialty Retail
$369.7K
$323.5K – $431.4K
NOI $25,881 @ 7.0% cap · market cap 8.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,595
Businesses Nearby
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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 Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Fully occupied duplex with one 2-bedroom and one 3-bedroom unit, separately metered utilities, and two off-street parking spaces.
Where is this duplex located?
The property is located at 1352 Liberty Street Allentown, PA.
What is the asking price?
The asking price for this property is $318,000.
What are key features of this property?
This property features: Fully occupied 2‑unit duplex built in 1910, offering one 2‑bedroom unit and one 3‑bedroom unit; Generates $30,063 in gross income and $26,043 in net income (per provided remarks); Top apartment includes an in‑unit washer and dryer
