1977 S 5th Street Allentown, PA 18103
MULTI_FAMILY - Allentown City, PA
Property Features for 1977 S 5th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- B-3-HIGHWAY BUSINESS
- Bedrooms
- 3
- Bathrooms
- 3
- Rooms
- Bedroom 1, Bedroom 2, Bathroom 3, Bathroom 1, Bedroom 3, Bathroom 2
- Parking features
- Garage, On Street
- Standard status
- Active
- APN
- 640651766245001
- Size
- 2,540 SF
- Lot size
- 0.28 Acres
Taxes and HOA fees
- Tax Annual Amount
- 5851
Utilities
- Sewer type
- Public Sewer
- Heating system
- Oil
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1890
- Floors in Building
- 3
- Number of units
- 3
- Building materials
- Brick
Listing agent Ayon A. Codner License #RS324477 (610) 435-1800
Listing office Keller Williams Allentown 1605 N.CedarCrestBlvd, Ste309, Allentown, PA (610) 435-1800
Listing date Jul 15, 2026
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.
The apartments are not separately metered and would require metering to support separate billing. The property is located at 1977 S 5th Street in Allentown, PA, with easy access to W Emmaus, Route 145, 309, and Route 78.
Overall, the layout supports an owner-occupant scenario or an investment approach using combined professional office and rental income streams.
Key Highlights
- Approximately 2,540 SF mixed‑use building in Allentown, PA with ground‑level office and apartments above
- First floor currently configured as a dental office with reception, multiple treatment rooms, existing dental equipment, and private offices
- Second and third floors include total of 3‑bedroom apartments plus a one‑bedroom studio with full kitchens and bathrooms
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 | $41.1k | $16.20 |
| − Vacancy | −$3.1k | −$1.22 |
| EGI | $38.1k | $14.99 |
| − OpEx | −$11.4k | −$4.50 |
| NOI | $26.6k | $10.49 |
