Value-Add Duplex for Two
14-16 Hamilton Street Allentown, NJ 08501
14-16 Hamilton Street, Allentown, NJ, 08501
$450,000
For Sale
$450,000
Two-story duplex on a double lot with two distinct unit layouts, sold AS IS with buyer to perform due diligence.
Property Size1,896 SF
Price / SF$237.34
Days on Market68
Property Features for 14-16 Hamilton Street
General Information
- Standard status
- Active
- Size
- 1,896 SF
- Property subtype
- Multi-Family / Duplex
Building Details
- Year Built
- 1930
Listing agency
Keller Williams Premier
(609) 306-9189
Listed by
Patricia Hogan · License #339824
(609) 306-9189
Source
Compass
Added: May 15 Updated: Jul 21 at 5:25AM Checked: Jul 21 at 5:25AM
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
Investment Insights
Based on property information with market context.
This duplex offers two separate residential units with distinct, functional layouts and room for custom updates. Unit 1 features a two-story configuration with 3 bedrooms and 1.5 baths, along with a living room, dining room, kitchen, and an attic. Unit 2 includes 1 to 2 bedrooms, 1 bath, plus a living room and kitchen.
Set in the heart of Historic Allentown Borough, the property is described as walkable to Main Street’s shops, parks, studios, and restaurants. The home sits on an expansive, park-like double lot, and the seller notes potential for possible subdivision; buyers are instructed to do their own due diligence regarding subdivision requirements.
The property is sold strictly AS IS, and the buyer is responsible for obtaining all required certifications.
Set in the heart of Historic Allentown Borough, the property is described as walkable to Main Street’s shops, parks, studios, and restaurants. The home sits on an expansive, park-like double lot, and the seller notes potential for possible subdivision; buyers are instructed to do their own due diligence regarding subdivision requirements.
The property is sold strictly AS IS, and the buyer is responsible for obtaining all required certifications.
Key Highlights
- Two‑story duplex with 4 bedrooms and 2.1 total baths on a double lot
- Built in 1930 with shingle, sloping roof
- Unit 1: 3BR/1.5BA across 2 stories with LR, DR, kitchen, and attic space
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 | $48.5k | $25.56 |
| − Vacancy | −$3.1k | −$1.65 |
| EGI | $45.3k | $23.91 |
| − OpEx | −$13.6k | −$7.17 |
| NOI | $31.7k | $16.74 |
1,896 SF · lease $25.56/SF/yr · vacancy 6.46% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$453.3K
$396.7K – $528.9K
NOI $31,732 @ 7.0% cap · market cap 7.05%
Second Best
Apartment 5plus
$416.5K
$364.5K – $486.0K
NOI $29,157 @ 7.0% cap · market cap 6.48%
Theoretical Best
Office A
$495.1K
$433.2K – $577.6K
NOI $34,656 @ 7.0% cap · market cap 7.70%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Two-story duplex on a double lot with two distinct unit layouts, sold AS IS with buyer to perform due diligence.
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 $450,000.
What are key features of this property?
This property features: Two‑story duplex with 4 bedrooms and 2.1 total baths on a double lot; Built in 1930 with shingle, sloping roof; Unit 1: 3BR/1.5BA across 2 stories with LR, DR, kitchen, and attic space
