All-Brick Three-Unit Investment
For Sale
Contact for pricing
139 North 5th Street, Allentown, PA 18102
Fully occupied investment property with strong income and growth potential.
Property Size2,390 SF
Price / SF$182.01
Days on Market213
Property Features for 139 North 5th Street
General Information
Standard status
Active
Size
2,390 SF
Class
B
Property subtype
Multifamily
Zoning
R-H
Occupancy
100%
Investment Type
Value Add
Net Operating Income
$30,241
Building Details
Year Built
1870
Buildings
1
Stories
3
Units
3
Tenancy
Multi
Listing Agency:
EXP Realty
Listed By:
Akinlana Popoola · License #RS379206
(216) 820-1637
Source:
Crexi
Added: Mar 27
Changed: Oct 13
Last Checked: Oct 24 at 5:23PM
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
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Investment Insights
Based on property information with market context.
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.
Key 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).
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,070
Cap Rate
5.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$501,400
$501.4K
Cap Rate 7%
$358,143
$358.1K
Cap Rate 9%
$278,556
$278.6K
Market Conditions
NOI Build-Up for 2,390 SF
Gross rent
$38.7K $16.20/SF
− Vacancy
−$2.9K −$1.22/SF
EGI
$35.8K $14.99/SF
− OpEx
−$10.7K −$4.50/SF
NOI
$25.1K $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%
$501,400
Cap Rate 7%
$358,143
Cap Rate 9%
$278,556
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 authorities.
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Property Analytics
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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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
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 North 5th Street 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).
