Two-Unit Duplex on Double
For Sale
$420,000
14-16 Hamilton Street, Allentown, NJ 08501
Multi-Family, Allentown, NJ
Property Size1,896 SF
Lot Size0.24 Acres
Price / SF$221.52
Days on Market92
Property Features for 14-16 Hamilton Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
Residential, Multi-Family
Bedrooms
4
Bathrooms
3
Full bathrooms
3
Half bathrooms
1
Rooms
Bathroom 2, Bathroom 3, Basement, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bathroom 4, Bathroom 1
Parking
2
Parking features
Off Street
Basement
Dirt Floor
Lot features
Level
Elementary school
Allentown
Middle school
Upper Freehold Reg
High school
Allentown
Directions
Main St./Route 539/Old York to Church to Hamilton or Robbinsville Allentown Road to Church to Hamilton
Standard status
Active
APN
03-00006-0000-00026
Size
1,896 SF
Lot size
0.24 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
8839
Utilities
Sewer type
Public Sewer
Heating system
Baseboard
Water source
Public
Building Details
Year built
1930
Floors in Building
2
Number of units
2
Roof type
Shingle
Listing Agency:
Keller Williams Premier Office · Keller Williams Realty
(609) 459-5100
Listed By:
Patricia M Hogan · License #339824
(609) 306-9189
Added: Jun 12
Changed: Sep 4
Last Checked: Sep 11 at 3:06AM
MLS# 22617783
Copyright © 2026 More MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Built in 1930, this 1,896-square-foot duplex includes two residential units with distinct floor plans. The first unit offers three bedrooms, one-and-a-half baths, two levels, living and dining rooms, a kitchen, and attic space. The second includes one to two bedrooms, one bath, a living room, and a kitchen. A basement is also included.
The property occupies a 0.24-acre double lot at 14-16 Hamilton Street in Allentown, New Jersey, within walking distance of Main Street shops, parks, studios, and restaurants. Improvements include baseboard heating, a shingle roof, off-street parking, public water, and public sewer. The property is being sold strictly AS IS. Required certifications and any subdivision review are the buyer’s responsibility.
The property occupies a 0.24-acre double lot at 14-16 Hamilton Street in Allentown, New Jersey, within walking distance of Main Street shops, parks, studios, and restaurants. Improvements include baseboard heating, a shingle roof, off-street parking, public water, and public sewer. The property is being sold strictly AS IS. Required certifications and any subdivision review are the buyer’s responsibility.
Key Highlights
- 1,896 square feet on a 0.24‑acre double lot
- Two‑unit duplex built in 1930
- Unit 1: 3BR/1.5Bath, two stories, living room, dining room, kitchen, and attic
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$31,732
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.56%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
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Open Analytics
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
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Frequently Asked Questions
What type of property is this?
Duplex - Two residential units offer distinct layouts with off-street parking and public utilities.
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 feet on a 0.24‑acre double lot; Two‑unit duplex built in 1930; Unit 1: 3BR/1.5Bath, two stories, living room, dining room, kitchen, and attic
