5-Unit Multifamily
22 S 13th Street Allentown, PA 18102
22 S 13th Street, Allentown, PA, 18102
$360,000
For Sale
$360,000
MULTI_FAMILY - Allentown City, PA
Property Size2,404 SF
Price / SF$149.75
Days on Market20
Property Features for 22 S 13th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- resi-med
- Bedrooms
- 5
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bedroom 2, Bathroom 2, Bedroom 5, Bedroom 4, Bedroom 1, Bedroom 3
- Standard status
- Active
- APN
- 549678784561 001
- Size
- 2,404 SF
Taxes and HOA fees
- Tax Annual Amount
- 2994
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas
- Water source
- Public
Building Details
- Year built
- 1905
- Floors in Building
- 3
- Number of units
- 5
- Building materials
- Brick
Listing Agency
Steel City Realty
(484) 895-9005
2505 Newburg Road, Bethlehem, PA
Listed by
Jennifer L. DeJesus · License #RM423820
(484) 895-9005
Added: Jun 29 Checked: Jul 18 at 2:06 am
MLS# 779543
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 5-unit multifamily property offers a mix of layouts within a single building. The configuration includes one spacious apartment plus four shared rooms, creating flexibility for traditional and co-living style occupancy. The property is listed for sale as an income-generating residential asset.
The building is located at 22 S 13th Street in Allentown City, Pennsylvania 18102, in Lehigh County. Zoning is identified as resi-med, which should be reviewed for intended use and any occupancy or permitting requirements.
For investors or operators looking for a small residential portfolio, the unit mix can support varied leasing strategies by combining a private apartment format with shared-room arrangements. This layout may be a practical fit for tenants seeking different types of housing within the same building, while keeping property management streamlined under one ownership. Prospective buyers should confirm lease terms, operating details, and zoning fit for their planned tenant mix prior to closing.
The building is located at 22 S 13th Street in Allentown City, Pennsylvania 18102, in Lehigh County. Zoning is identified as resi-med, which should be reviewed for intended use and any occupancy or permitting requirements.
For investors or operators looking for a small residential portfolio, the unit mix can support varied leasing strategies by combining a private apartment format with shared-room arrangements. This layout may be a practical fit for tenants seeking different types of housing within the same building, while keeping property management streamlined under one ownership. Prospective buyers should confirm lease terms, operating details, and zoning fit for their planned tenant mix prior to closing.
Key Highlights
- 5‑unit investment property in Allentown
- Brick construction and natural gas heating
- Built in 1905
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 | $43.3k | $18.00 |
| − Vacancy | −$2.9k | −$1.22 |
| EGI | $40.3k | $16.78 |
| − OpEx | −$18.1k | −$7.55 |
| NOI | $22.2k | $9.23 |
2,404 SF · lease $18.00/SF/yr · vacancy 6.80% · expense 45.00%
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 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 - Five-unit property at 22 S 13th Street with one apartment and four shared rooms suited for flexible rental setups.
Where is this apartment building located?
The property is located at 22 S 13th Street 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: 5‑unit investment property in Allentown; Brick construction and natural gas heating; Built in 1905
