Six-Unit Apartment
For Sale
$699,000
213 N N 15th St, Allentown, PA 18102
Fully occupied six-unit apartment building with yearly leases and two recently renovated units.
Property Size6,000 SF
Price / SF$116.50
Days on Market97
Property Features for 213 N N 15th St
General Information
Standard status
Active
Size
6,000 SF
Additional Details
Multifamily Units
6
Building Details
Year Built
1900
Listing Agency:
Silverstone Real Estate LLC
Listed By:
Lisa B Tartaglia · License #RM425477
(215) 646-2900
Source:
Kandorre
Added: Jul 10
Changed: Sep 8
Last Checked: Oct 7 at 4:42PM
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 Silverstone Real Estate LLC
Investment Insights
Based on property information with market context.
This six-unit apartment building is fully occupied and is offered for sale. The property includes two recently renovated units, and all units are on yearly leases. The rent roll plus parking income totals $7,350.
The building is located at 213 N 15th St in Allentown, Pennsylvania.
For buyers seeking an income-producing multifamily asset, the current occupancy and in-place yearly lease structure provide immediate rental presence, with the noted renovations improving two of the units.
The building is located at 213 N 15th St in Allentown, Pennsylvania.
For buyers seeking an income-producing multifamily asset, the current occupancy and in-place yearly lease structure provide immediate rental presence, with the noted renovations improving two of the units.
Key Highlights
- Six‑unit apartment building in Allentown listed for sale
- Fully occupied with all units on yearly leases
- Two recently renovated units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$55,361
Cap Rate
7.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,107,220
$1.1M
Cap Rate 7%
$790,871
$790.9K
Cap Rate 9%
$615,122
$615.1K
Market Conditions
NOI Build-Up for 6,000 SF
Gross rent
$108.0K $18.00/SF
− Vacancy
−$7.3K −$1.22/SF
EGI
$100.7K $16.78/SF
− OpEx
−$45.3K −$7.55/SF
NOI
$55.4K $9.23/SF
Area
Allentown, PA
Vacancy
6.80%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,107,220
Cap Rate 7%
$790,871
Cap Rate 9%
$615,122
Alternative Uses
Best Use
Apartment 5plus
$790.9K
$692.0K – $922.7K
NOI $55,361 @ 7.0% cap · market cap 7.92%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.18M
$1.03M – $1.38M
NOI $82,512 @ 7.0% cap · market cap 11.80%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
1,895
Businesses Nearby
Explore this area
Business Placement
Demographics for 18102, PA
51,567
Population
18,788
Households
2.7
Avg Household Size
32
Median Age
11%
College-Educated
76%
High-School Grad
3.0 sq mi
ZIP Area
17,189
Density / Sq Mi
$40,681
Median Household Income
$29,501
Median Earnings
$1,224
Median Rent
$146,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Apartment building - Fully occupied six-unit apartment building with yearly leases and two recently renovated units.
Where is this apartment building located?
The property is located at 213 N N 15th St Allentown, PA.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Six‑unit apartment building in Allentown listed for sale; Fully occupied with all units on yearly leases; Two recently renovated units
