Two-Unit Duplex on Double
For Sale
$420,000
14-16 HAMILTON STREET, Allentown, NJ 08501
Separate residential layouts offer kitchens, living areas, and bedroom accommodations in both units.
Property Size1,896 SF
Price / SF$221.52
Days on Market103
Property Features for 14-16 HAMILTON STREET
General Information
Standard status
Active
Size
1,896 SF
Property subtype
Multi-family
Additional Details
Multifamily Units
2
Listing Agency:
Keller Williams Premier
(609) 459-5100
Listed By:
Patricia Hogan · License #339824
(609) 306-9189
Source:
Hostetterrealty
Added: Jul 9
Changed: Oct 15
Last Checked: Oct 16 at 8:36AM
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 Keller Williams Premier
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Investment Insights
Based on property information with market context.
This 1,896-square-foot duplex includes two separate residential units with distinct layouts. Unit 1 offers three bedrooms, 1.5 baths, two stories, a living room, dining room, kitchen, and attic. Unit 2 includes one to two bedrooms, one bath, a living room, and kitchen. The property is being sold strictly as-is, with updates and finish improvements left to the buyer.
Set on a double lot at 14-16 Hamilton Street in Allentown Borough, the property is described as being within walking distance of Main Street shops, parks, studios, and restaurants. The buyer is responsible for obtaining required certifications and conducting due diligence regarding any potential subdivision of the lot. The sale is also subject to the seller finding suitable housing.
Set on a double lot at 14-16 Hamilton Street in Allentown Borough, the property is described as being within walking distance of Main Street shops, parks, studios, and restaurants. The buyer is responsible for obtaining required certifications and conducting due diligence regarding any potential subdivision of the lot. The sale is also subject to the seller finding suitable housing.
Key Highlights
- 1,896‑square‑foot duplex on a double lot
- Unit 1 includes 3BR/1.5Bath, two stories, living room, dining room, kitchen, and attic
- Unit 2 includes 1‑2BR, 1Bath, living room, and kitchen
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,732
Cap Rate
7.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$634,640
$634.6K
Cap Rate 7%
$453,314
$453.3K
Cap Rate 9%
$352,578
$352.6K
Market Conditions
NOI Build-Up for 1,896 SF
Gross rent
$48.5K $25.56/SF
− Vacancy
−$3.1K −$1.65/SF
EGI
$45.3K $23.91/SF
− OpEx
−$13.6K −$7.17/SF
NOI
$31.7K $16.74/SF
Area
Monmouth County, NJ
Vacancy
6.46%
Lease Rate
$25.56 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$634,640
Cap Rate 7%
$453,314
Cap Rate 9%
$352,578
Alternative Uses
Best Use
Multifamily LT 5
$453.3K
$396.7K – $528.9K
NOI $31,732 @ 7.0% cap · market cap 7.56%
Second Best
Apartment 5plus
$416.5K
$364.5K – $486.0K
NOI $29,157 @ 7.0% cap · market cap 6.94%
Theoretical Best
Office A
$495.1K
$433.2K – $577.6K
NOI $34,656 @ 7.0% cap · market cap 8.25%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
292
Businesses Nearby
Explore this area
Business Placement
Demographics for 08501, NJ
6,574
Population
2,495
Households
2.6
Avg Household Size
46
Median Age
60%
College-Educated
96%
High-School Grad
27.2 sq mi
ZIP Area
242
Density / Sq Mi
$133,015
Median Household Income
$71,700
Median Earnings
$1,457
Median Rent
$530,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Separate residential layouts offer kitchens, living areas, and bedroom accommodations in both units.
Where is this duplex located?
The property is located at 14-16 HAMILTON STREET Allentown, NJ.
What is the asking price?
The asking price for this property is $420,000.
What are key features of this property?
This property features: 1,896‑square‑foot duplex on a double lot; Unit 1 includes 3BR/1.5Bath, two stories, living room, dining room, kitchen, and attic; Unit 2 includes 1‑2BR, 1Bath, living room, and kitchen
