223 North 7th Street, Allentown, PA 18102

Building Details

Building Size 2,766 SF More

Year Built 1890 More

Buildings 1 More

Listing Agency: One Valley Realty LLC

Listed By: Dan Nimeh Show Phone

Source: Bhhspaulfordrealtors

Added: Nov 3 Changed: Nov 6 Last Checked: Nov 4 at 2:17PM

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Investment Insights

Based on property information with market context.

This 2,766-square-foot mixed-use property contains two units. The ground-floor commercial space retains plumbing from its prior use as a hair salon. Above it, a residential unit occupies the second and third floors and includes 3–4 bedrooms. The property is zoned commercial, and a city-issued certificate of occupancy is in place; the building is described as up to code.

At 223 N 7th St in Allentown, the property is within blocks of the PPL Center. Its commercial space and upper-floor residence are configured within the same building.

Key Highlights

• 2,766‑square‑foot building with two units
• Ground‑floor commercial space has plumbing in place from prior salon use
• Upper residential unit spans the second and third floors and has 3–4 bedrooms

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$34,069

Cap Rate

8.52%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$681,380 $681.4K

Cap Rate 7%

$486,700 $486.7K

Cap Rate 9%

$378,544 $378.5K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,766 SF

Gross rent

$51.4K $18.60/SF

− Vacancy

−$2.8K −$1.00/SF

EGI

$48.7K $17.60/SF

− OpEx

−$14.6K −$5.28/SF

NOI

$34.1K $12.32/SF

Area

Allentown, PA

Vacancy

5.40%

Lease Rate

$18.60 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$681,380

Cap Rate 7%

$486,700

Cap Rate 9%

$378,544

Alternative Uses

Best Use

Retail

$486.7K

$425.9K – $567.8K (±1% cap)

NOI $34,069 @ 7.0% cap · market cap 8.52%

Second Best

Mixed Use

$385.9K

$337.6K – $450.2K (±1% cap)

NOI $27,010 @ 7.0% cap · market cap 6.75%

Theoretical Best

Specialty Retail

$543.4K

$475.5K – $634.0K (±1% cap)

NOI $38,038 @ 7.0% cap · market cap 9.51%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Eisenhower Salon and Spa Hair Salon

Suggested Use

Top Pick Skin Care Clinic Gym & Fitness Center Bakery Acupuncture Locksmith Travel Agency

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

3,576

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

Market

Average Price Trend$/SF for Mixed-use properties in Allentown, PA

$173 Jul

$187 Aug

$152 Sep

$157 Oct

Properties on Market for Mixed-use properties in Allentown

Jul

Aug

Sep

Oct

Vacancy Rate% for Office in Northeast region

13.1% 2019

15.4% 2020

17.6% 2021

19.1% 2022

20.2% 2023

20.9% 2024

19.9% 2025

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Frequently Asked Questions

What type of property is this?

Mixed-use property - A commercial ground-floor space with plumbing is paired with a residence spanning the upper two floors.

Where is this mixed-use property located?

The property is located at 223 North 7th Street Allentown, PA.

What is the asking price?

The asking price for this property is $399,900.

What are key features of this property?

This property features: 2,766‑square‑foot building with two units; Ground‑floor commercial space has plumbing in place from prior salon use; Upper residential unit spans the second and third floors and has 3–4 bedrooms