Three-Story Multifamily Building with
1413 W Court St Allentown, PA 18102
1413 W Court St, Allentown, PA, 18102
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For Sale
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Three-story building under build-out with six garage spaces and infrastructure for six separate units.
Property Size8,640 SF
Price / SF$104.17
Days on Market94
Property Features for 1413 W Court St
General Information
- Standard status
- Active
- Size
- 8,640 SF
- Property subtype
- Multifamily, Office
Listing agency
The James Balliet Property Group
(610) 435-1800
Listed by
James Balliet · License #PA RS227612L
Source
Crexi
Added: Apr 20 Updated: Jul 22 at 3:56PM Checked: Jul 22 at 3:56PM
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 The James Balliet Property Group
Investment Insights
Based on property information with market context.
This three-story multifamily building totals 8,640 square feet and is currently in the process of being built out. A framework for six separate units has already been established, with plumbing and fire sprinkler systems installed. Completion work is still needed, including drywall and interior finishes, allowing the final build-out to be customized to fit intended use and finishes.
The property is located in the heart of downtown Allentown. It includes six designated garage spaces sized to accommodate large SUVs, for a total of 12 parking spaces.
The property is located in the heart of downtown Allentown. It includes six designated garage spaces sized to accommodate large SUVs, for a total of 12 parking spaces.
Key Highlights
- Three‑story commercial building under build‑out totaling 8,640 SF
- Six designated garage spaces for large SUVs plus up to 12 total parking spaces
- Framework is set for six separate units with plumbing and fire sprinkler systems installed
Local Financial Insights For Apartment 5plus
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 | $155.5k | $18.00 |
| − Vacancy | −$10.6k | −$1.22 |
| EGI | $144.9k | $16.78 |
| − OpEx | −$65.2k | −$7.55 |
| NOI | $79.7k | $9.23 |
8,640 SF · lease $18.00/SF/yr · vacancy 6.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.14M
$996.5K – $1.33M
NOI $79,720 @ 7.0% cap · market cap 8.86%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.70M
$1.49M – $1.98M
NOI $118,817 @ 7.0% cap · market cap 13.20%
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?
Apartment building - Three-story building under build-out with six garage spaces and infrastructure for six separate units.
Where is this apartment building located?
The property is located at 1413 W Court St Allentown, PA.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: Three‑story commercial building under build‑out totaling 8,640 SF; Six designated garage spaces for large SUVs plus up to 12 total parking spaces; Framework is set for six separate units with plumbing and fire sprinkler systems installed
