Duplex With Value-Add
14 Hamilton Street Allentown, NJ 08501
14 Hamilton Street, Allentown, NJ, 08501
$450,000
For Sale
$450,000
As-is duplex with two separate layouts on a double lot, offered for potential updates and possible subdivision.
Property Size1,896 SF
Price / SF$237.34
Days on Market69
Property Features for 14 Hamilton Street
General Information
- Standard status
- Active
- Size
- 1,896 SF
- Property subtype
- Multi-Family / Fee Simple
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 14 Updated: Jul 21 at 2:56PM Checked: Jul 21 at 2:56PM
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 is being sold strictly as-is and is positioned for value-add updates. The property includes two separate units with distinct, functional layouts. Unit 1 offers a 3-bedroom, 1.5-bath configuration spread over two stories with a living room, dining room, kitchen, and attic. Unit 2 features a 1–2 bedroom, 1-bath layout with a living room and kitchen.
The home is located in the heart of Historic Allentown Borough and sits on what is described as an expansive park-like double lot. The listing notes the possibility of subdivision of the double lot, with the buyer to conduct their own due diligence. Buyer responsibility includes obtaining all required certificates.
Allentown, NJ duplex opportunities like this are typically best evaluated with care around condition and any lot-splitting requirements, since the sale terms call for buyer due diligence and the property is not presented with guarantees beyond the described unit configurations. Seller to find suitable housing contingency.
The home is located in the heart of Historic Allentown Borough and sits on what is described as an expansive park-like double lot. The listing notes the possibility of subdivision of the double lot, with the buyer to conduct their own due diligence. Buyer responsibility includes obtaining all required certificates.
Allentown, NJ duplex opportunities like this are typically best evaluated with care around condition and any lot-splitting requirements, since the sale terms call for buyer due diligence and the property is not presented with guarantees beyond the described unit configurations. Seller to find suitable housing contingency.
Key Highlights
- As‑is duplex on an expansive park‑like double lot in Historic Allentown Borough
- Unit 1: 3BR/1.5Bath, 2 stories with LR, DR, kit, and attic
- Unit 2: 1–2BR, 1Bath with LR and kit
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
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FAQs
What type of property is this?
Duplex - As-is duplex with two separate layouts on a double lot, offered for potential updates and possible subdivision.
Where is this duplex located?
The property is located at 14 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: As‑is duplex on an expansive park‑like double lot in Historic Allentown Borough; Unit 1: 3BR/1.5Bath, 2 stories with LR, DR, kit, and attic; Unit 2: 1–2BR, 1Bath with LR and kit
