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    Colonial Duplex With Value-Add Potential Title is generated by Realmo AI

    14-16 HAMILTON STREET, Allentown, NJ 08501

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    Claim this Listing
    New
    For Sale
    $450,000

    MULTI_FAMILY - Colonial - ALLENTOWN, NJ

    Property size:
    1,896 SF
    Lot size:
    0.25 Acres
    Price / SF:
    $237/SF
    Added:
    Jun 12, 2026
    Days on Market:
    1
    Last Refresh:
    Jun 12 at 7:06 pm

    Property Features for 14-16 HAMILTON STREET

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Parking features
    On Street, Driveway
    Standard status
    Active
    Size
    1,896 SF
    Lot size
    0.25 Acres

    Taxes and HOA fees

    Tax Annual Amount
    8839

    Utilities

    Heating system
    Baseboard, Hot Water(Heating)
    Cooling system
    Central Air

    Building Details

    Year built
    1930
    Number of units
    1
    Building materials
    Frame
    Architectural style
    Colonial

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    Listing Contact
    Patricia Hogan

    Listing agent Patricia Hogan License #339824

    Listing office Keller Williams Premier 2370 Route 33 Highway, Moorestown, NJ

    Listing date Jun 12, 2026

    MLS# NJMM2004700 Listing URL

    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.

    HighLights

    • Duplex built in 1930 with Colonial architectural style and frame construction
    • Central air plus baseboard and hot water heating systems
    • Both units have separate layouts; Unit 1 is 3BR/1.5BA with LR, DR, kitchen, and attic
    • Unit 2 offers 1–2BR, 1BA with LR and kitchen
    • Off‑street parking includes driveway, plus on‑street parking
    • Located in Historic Allentown Borough on an expansive park‑like double lot; sold as‑is with buyer to verify subdivision requirements

    Overview

    This property is a colonial-style duplex arranged as two independent residential units. Unit 1 is a 3-bedroom, 1.5-bath layout spread over two stories, with a living room, dining room, kitchen, and attic. Unit 2 offers a 1- to 2-bedroom, 1-bath configuration with a living room and kitchen. The property is being sold strictly as-is, with space and layout already in place for an owner to complete custom updates and modern finishes.

    The duplex sits on an expansive park-like double lot and is described as located in the heart of Historic Allentown Borough. The listing notes an easy walk to Main Street’s shops, parks, studios, and restaurants.

    For buyers seeking a value-add residential income property, the presence of two distinct unit layouts supports a range of live-in or investor use cases. Any buyer planning changes involving the lot is responsible for conducting their own due diligence, including for subdivision, and for obtaining all required certifications. Seller contingency is noted as a suitable housing contingency.

    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 (±1% cap)
    NOI $31,732 @ 7.0% cap · market cap 7.05%
    Second Best
    Apartment 5plus
    $416.5K
    $364.5K – $486.0K (±1% cap)
    NOI $29,157 @ 7.0% cap · market cap 6.48%
    Theoretical Best
    Office A
    $495.1K
    $433.2K – $577.6K (±1% cap)
    NOI $34,656 @ 7.0% cap · market cap 7.70%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Allentown
    County
    Monmouth
    State
    New Jersey
    Longitude
    -74.58572
    Latitude
    40.17988

    FAQs

    What type of property is this?
    Duplex - As-is colonial duplex with two separate unit layouts on a double lot in Allentown Borough, suited for income-oriented buyers.
    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: Duplex built in 1930 with Colonial architectural style and frame construction; Central air plus baseboard and hot water heating systems; Both units have separate layouts; Unit 1 is 3BR/1.5BA with LR, DR, kitchen, and attic
    More about this property
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