Building Details

Year Built 1925

Listing Agency: Weichert Realtors

Listed By: Charly Ribau Show Phone

Source: Jennysoldmine

Added: Aug 11 Changed: Oct 13 Last Checked: Oct 7 at 4:50PM

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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 Weichert Realtors

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Investment Insights

Based on property information with market context.

Built in 1925, this 2,232-square-foot semi-detached duplex includes two residential units. The first-floor residence features updated finishes and full access to basement storage. The upper residence spans the second and third floors and includes two bedrooms plus a nursery that can serve as a third bedroom.

Ample off-street parking serves the occupants, while the detached garage adds functional storage and potential for additional income. The property is located in East Allentown near shopping, dining, and everyday amenities, making it suitable for an owner-occupant or investor.

Key Highlights

• Two‑unit semi‑detached duplex in East Allentown
• 2,232‑square‑foot property built in 1925
• Upper unit includes two bedrooms plus a nursery that can serve as a third bedroom

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$23,413

Cap Rate

7.26%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$468,260 $468.3K

Cap Rate 7%

$334,471 $334.5K

Cap Rate 9%

$260,144 $260.1K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,232 SF

Gross rent

$36.2K $16.20/SF

− Vacancy

−$2.7K −$1.22/SF

EGI

$33.4K $14.99/SF

− OpEx

−$10.0K −$4.50/SF

NOI

$23.4K $10.49/SF

Area

Allentown, PA

Vacancy

7.50%

Lease Rate

$16.20 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$468,260

Cap Rate 7%

$334,471

Cap Rate 9%

$260,144

Alternative Uses

Best Use

Multifamily LT 5

$334.5K

$292.7K – $390.2K (±1% cap)

NOI $23,413 @ 7.0% cap · market cap 7.26%

Second Best

Apartment 5plus

$294.2K

$257.4K – $343.2K (±1% cap)

NOI $20,594 @ 7.0% cap · market cap 6.39%

Theoretical Best

Specialty Retail

$438.5K

$383.7K – $511.6K (±1% cap)

NOI $30,694 @ 7.0% cap · market cap 9.52%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Law Firm HVAC Service Skin Care Clinic Electrical Service Parking Lot & Garage

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Residential units

Location Intelligence

Trade Area within ½ mile

909

Businesses Nearby

Explore this area Business Placement

Demographics for 18109, PA

18,915

Population

7,395

Households

2.6

Avg Household Size

37

Median Age

19%

College-Educated

80%

High-School Grad

8.2 sq mi

ZIP Area

2,307

Density / Sq Mi

$55,437

Median Household Income

$36,632

Median Earnings

$1,239

Median Rent

$180,200

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

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Frequently Asked Questions

What type of property is this?

Duplex - Updated first-floor finishes accompany basement storage, off-street parking, and a detached garage.

Where is this duplex located?

The property is located at 1801 Greenleaf St Allentown, PA.

What is the asking price?

The asking price for this property is $322,500.

What are key features of this property?

This property features: Two‑unit semi‑detached duplex in East Allentown; 2,232‑square‑foot property built in 1925; Upper unit includes two bedrooms plus a nursery that can serve as a third bedroom