Two-Unit Colonial
For Sale
$420,000
14-16 HAMILTON STREET, Allentown, NJ 08501
Multi-Family, ALLENTOWN, NJ
Property Size1,896 SF
Lot Size0.25 Acres
Price / SF$221.52
Days on Market138
Property Features for 14-16 HAMILTON STREET
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Parking features
On Street, Driveway
Elementary school
NEWELL
Middle school
STONE BRIDGE
High school
ALLENTOWN H.S.
Elementary school district
UPPER FREEHOLD REGIONAL SCHOOLS
Middle school district
UPPER FREEHOLD REGIONAL SCHOOLS
High school district
UPPER FREEHOLD REGIONAL SCHOOLS
Standard status
Active
Size
1,896 SF
Lot size
0.25 Acres
Taxes and HOA fees
Tax Annual Amount
8839
Utilities
Heating system
Hot Water(Heating), Baseboard
Cooling system
Central Air
Building Details
Year built
1930
Number of units
1
Building materials
Frame
Architectural style
Colonial
Buildings
1
Listing Agency:
Keller Williams Premier · Keller Williams Realty
(609) 459-5100
Listed By:
Patricia Hogan · License #339824
(609) 306-9189
Added: Jun 12
Changed: Oct 26
Last Checked: Oct 27 at 8:06PM
MLS# NJMM2004700
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,896-square-foot duplex contains two residential units within a 1930 Colonial-style frame building. The first unit spans two stories and includes three bedrooms, one full and one half bath, living and dining rooms, a kitchen, and attic space. The second unit offers a one- to two-bedroom layout with one bath, living room, and kitchen. Both interiors are positioned for buyer-selected improvements, and the property is being sold as-is.
The 0.2479-acre parcel is located at 14-16 Hamilton Street in Allentown, NJ, within walking distance of Main Street shops, parks, studios, and restaurants. Site features include a driveway and on-street parking. Heating is provided by hot water and baseboard systems, with central air conditioning. Any subdivision proposal requires buyer due diligence and applicable certifications.
The 0.2479-acre parcel is located at 14-16 Hamilton Street in Allentown, NJ, within walking distance of Main Street shops, parks, studios, and restaurants. Site features include a driveway and on-street parking. Heating is provided by hot water and baseboard systems, with central air conditioning. Any subdivision proposal requires buyer due diligence and applicable certifications.
Key Highlights
- 1,896‑square‑foot duplex on a 0.2479‑acre parcel
- Unit 1 includes 3BR/1.5Bath across 2 stories
- Unit 2 offers a 1‑2BR, 1Bath layout
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.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
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
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?
Duplex - Two residential units provide distinct layouts, with driveway and on-street parking and room for updates.
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 0.2479‑acre parcel; Unit 1 includes 3BR/1.5Bath across 2 stories; Unit 2 offers a 1‑2BR, 1Bath layout
