All-Brick Multifamily Conversion
1831 Hamilton Allentown, PA 18104
1831 Hamilton, Allentown, PA, 18104
$449,900
For Sale
$449,900
MULTI_FAMILY - Allentown City, PA
Property Size2,378 SF
Lot Size0.10 Acres
Price / SF$189.19
Days on Market210
Property Features for 1831 Hamilton
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R-Mh-Medium High Density
- Bedrooms
- 5
- Bathrooms
- 3
- Rooms
- Bedroom 3, Bedroom 5, Bedroom 4, Bathroom 2, Bedroom 2, Bathroom 3, Bedroom 1, Bathroom 1
- Parking
- 2
- Parking features
- On Street, Off Street
- Interior features
- Balcony, Fireplace
- Fireplace
- 1
- Standard status
- Active
- APN
- 549647494228 001
- Size
- 2,378 SF
- Lot size
- 0.10 Acres
Utilities
- Sewer type
- Public Sewer
- Heating system
- Other (Heating), Natural Gas
- Cooling system
- Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1924
- Number of units
- 10
- Building materials
- Brick
Listing Agency
IronValley RE of Lehigh Valley
(610) 766-7200
1146 S Cedar Crest Blvd St 302, Allentown, PA
Listed by
Angela M. Diaz Adames
(484) 241-1011
Added: Dec 22, 2025 Updated: Jul 11 at 7:30 am Checked: Jul 20 at 11:06 pm
MLS# 769640
Listing URL
Copyright © 2026 Greater Lehigh Valley REALTORS. 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.
This all-brick property is currently set up as a single-family home, with a layout that can be adapted for a multi-unit configuration. The home includes 5 bedrooms and 2.5 bathrooms, a large covered front porch, and a main level with an open, sun-filled living area featuring gleaming hardwood floors and built-in bookshelves around a brick gas fireplace. The dining room adjoins a sunroom, and the kitchen offers a Viking gas stove, built-in cabinetry, and a walk-in pantry.
Upstairs, there is a spacious master bedroom along with two additional bedrooms with hardwood floors and closet space. A full bath is split with a tub and sink on one side and toilet and sink on the other, followed by a cedar closet and a laundry chute in the hallway. The third floor adds two more bedrooms with dormers, a full bathroom, and another laundry chute. The basement features a large recreation room with a wet bar, wine cellar, half bath, laundry, and ample storage.
The property provides off-street parking in the rear and is zoned R-Mh (Medium High Density) per the listing information.
Upstairs, there is a spacious master bedroom along with two additional bedrooms with hardwood floors and closet space. A full bath is split with a tub and sink on one side and toilet and sink on the other, followed by a cedar closet and a laundry chute in the hallway. The third floor adds two more bedrooms with dormers, a full bathroom, and another laundry chute. The basement features a large recreation room with a wet bar, wine cellar, half bath, laundry, and ample storage.
The property provides off-street parking in the rear and is zoned R-Mh (Medium High Density) per the listing information.
Key Highlights
- All‑brick home built in 1924 with 5 bedrooms and 2.5 bathrooms
- Main level includes a living room with gleaming hardwood floors, built‑in bookshelves, and a brick gas fireplace
- Kitchen features a Viking gas stove, built‑in cabinet, and walk‑in pantry
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 | $42.8k | $18.00 |
| − Vacancy | −$2.9k | −$1.22 |
| EGI | $39.9k | $16.78 |
| − OpEx | −$18.0k | −$7.55 |
| NOI | $21.9k | $9.23 |
2,378 SF · lease $18.00/SF/yr · vacancy 6.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$313.4K
$274.3K – $365.7K
NOI $21,941 @ 7.0% cap · market cap 4.88%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$467.2K
$408.8K – $545.0K
NOI $32,702 @ 7.0% cap · market cap 7.27%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - All-brick home currently configured as single family with 5 bedrooms and 2.5 baths plus rear off-street parking.
Where is this apartment building located?
The property is located at 1831 Hamilton Allentown, PA.
What is the asking price?
The asking price for this property is $449,900.
What are key features of this property?
This property features: All‑brick home built in 1924 with 5 bedrooms and 2.5 bathrooms; Main level includes a living room with gleaming hardwood floors, built‑in bookshelves, and a brick gas fireplace; Kitchen features a Viking gas stove, built‑in cabinet, and walk‑in pantry
