All-Brick Three-Unit Investment
139 N 5th St, Allentown, PA 18102
Fully occupied investment property with strong income and growth potential.
Type:Multifamily
Property size:
2,390 SFPrice / SF:
$182/SF- Added:
- Feb 12, 2026
- Days on Market:
- 137
- Last Refresh:
- Mar 17 at 1:15 pm
Property Features for 139 N 5th St
General Information
- Standard status
- Active
- Size
- 2,390 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1900
Listing office eXp Commercial
Listing date Feb 12, 2026
Source Crexi
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 Commercial
HighLights
- Fully occupied, generating $40,280 gross income and $35,075 net income.
- Strong income stability with staggered lease expirations extending through 2026.
- Tenants pay all utilities, including electric, gas heat, and water (submetered).
- Minimal landlord expenses, limited to taxes and insurance.
- Diversified unit mix: 3‑bedroom/2‑bath, 1‑bedroom/1‑bath, and studio.
- Upside potential through rent growth in the Allentown‑Central submarket.
Overview
This is an all-brick, three-unit investment property that is fully occupied. It generates $40,280 in gross income and $35,075 in net income. The building features a diversified unit mix, including a 3-bedroom/2-bath unit, a 1-bedroom/1-bath unit, and a studio apartment. All units are currently leased with staggered expirations extending through 2026, which provides strong income stability. Tenants are responsible for all utilities, including electric, gas heat, and water. Water is submetered, making it a tenant responsibility. Landlord expenses are minimal and clearly documented, limited to taxes and insurance. The in-place rents provide consistent cash flow, with upside supported by historical leasing performance and recent rent growth in the Allentown-Central submarket. This asset is well suited for investors seeking stabilized income, a diversified unit mix, and a clear path to improved performance through rent growth. The property size is 2390 square feet.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $38.7k | $16.20 |
| − Vacancy | −$2.9k | −$1.22 |
| EGI | $35.8k | $14.99 |
| − OpEx | −$10.7k | −$4.50 |
| NOI | $25.1k | $10.49 |
2,390 SF · lease $16.20/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$358.1K
$313.4K – $417.8K
NOI $25,070 @ 7.0% cap · market cap 5.76%
Second Best
Apartment 5plus
$315.0K
$275.7K – $367.5K
NOI $22,052 @ 7.0% cap · market cap 5.07%
Theoretical Best
Specialty Retail
$469.5K
$410.8K – $547.8K
NOI $32,867 @ 7.0% cap · market cap 7.56%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Location Insight
- Map
- Local Demand
- City
- Allentown
- County
- Lehigh
- State
- Pennsylvania
- Longitude
- -75.4688132
- Latitude
- 40.6059209
Nearby Similar for Sale
FAQs
What type of property is this?
Triplex - Fully occupied investment property with strong income and growth potential.
Where is this triplex located?
The property is located at 139 N 5th St Allentown, PA.
What is the asking price?
The asking price for this property is $435,000.
What are key features of this property?
This property features: Fully occupied, generating $40,280 gross income and $35,075 net income.; Strong income stability with staggered lease expirations extending through 2026.; Tenants pay all utilities, including electric, gas heat, and water (submetered).
