5-Unit Apartment
For Sale
$360,000
22 S 13th St, Allentown, PA 18102
Offers a mix of private apartment and shared-room accommodations.
Property Size2,404 SF
Price / SF$149.75
Days on Market57
Property Features for 22 S 13th St
General Information
Standard status
Active
Size
2,404 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x apartment, 4 x shared room
Multifamily Units
5
Building Details
Year Built
1905
Buildings
1
Listing Agency:
Steel City Realty
Listed By:
Jennifer L. DeJesus · License #RM423820
(484) 895-9005
Source:
Jennysoldmine
Added: Aug 23
Changed: Oct 10
Last Checked: Oct 7 at 4:04PM
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 Steel City Realty
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Investment Insights
Based on property information with market context.
This 2404-square-foot apartment building was constructed in 1905 and contains five units. The layout includes one apartment alongside four shared rooms, providing a mixed configuration of conventional and shared residential accommodations.
The property is located at 22 S 13th St in Allentown City, Pennsylvania, within ZIP code 18102. Its apartment-building classification and combination of private and shared spaces define the asset’s current physical arrangement.
The property is located at 22 S 13th St in Allentown City, Pennsylvania, within ZIP code 18102. Its apartment-building classification and combination of private and shared spaces define the asset’s current physical arrangement.
Key Highlights
- Five‑unit apartment building
- 2404 SF property
- One apartment plus four shared rooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,181
Cap Rate
6.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$443,620
$443.6K
Cap Rate 7%
$316,871
$316.9K
Cap Rate 9%
$246,456
$246.5K
Market Conditions
NOI Build-Up for 2,404 SF
Gross rent
$43.3K $18.00/SF
− Vacancy
−$2.9K −$1.22/SF
EGI
$40.3K $16.78/SF
− OpEx
−$18.1K −$7.55/SF
NOI
$22.2K $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%
$443,620
Cap Rate 7%
$316,871
Cap Rate 9%
$246,456
Alternative Uses
Best Use
Apartment 5plus
$316.9K
$277.3K – $369.7K
NOI $22,181 @ 7.0% cap · market cap 6.16%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$472.3K
$413.3K – $551.0K
NOI $33,060 @ 7.0% cap · market cap 9.18%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
2,815
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Offers a mix of private apartment and shared-room accommodations.
Where is this apartment building located?
The property is located at 22 S 13th St Allentown, PA.
What is the asking price?
The asking price for this property is $360,000.
What are key features of this property?
This property features: Five‑unit apartment building; 2404 SF property; One apartment plus four shared rooms
