Mixed-Use Building with Dental
1977 S 5th Street Allentown, PA 18103
New
1977 S 5th Street, Allentown, PA, 18103
$525,000
For Sale
$525,000
MULTI_FAMILY - Allentown City, PA
Property Size2,540 SF
Lot Size0.28 Acres
Price / SF$206.69
Days on Market4
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 Agency
Keller Williams Allentown
(610) 435-1800
1605 N.CedarCrestBlvd, Ste309, Allentown, PA
Listed by
Ayon A. Codner · License #RS324477
(610) 435-1800
Added: Jul 15 Checked: Jul 18 at 1:06 am
MLS# 780804
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 renovated mixed-use building offers a combination of ground-level office space and residential units. The first floor is configured as a dental office with a reception area, multiple treatment rooms with existing dental equipment, private offices, and additional workspace. The second and third floors provide a total of three-bedroom apartments plus a one-bedroom studio, with each unit described as fully functional and including full kitchens and bathrooms.
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.
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 |
2,540 SF · lease $16.20/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$380.6K
$333.0K – $444.1K
NOI $26,643 @ 7.0% cap · market cap 5.07%
Second Best
Apartment 5plus
$334.8K
$293.0K – $390.6K
NOI $23,436 @ 7.0% cap · market cap 4.46%
Theoretical Best
Specialty Retail
$499.0K
$436.6K – $582.2K
NOI $34,930 @ 7.0% cap · market cap 6.65%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Borshansky Edward DMD
Dental Office
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Ground-level dental office space combines with 3-bedroom and studio apartments within a renovated mixed-use property.
Where is this triplex located?
The property is located at 1977 S 5th Street Allentown, PA.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: 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
