Daycare/Multifamily Opportunity in Allentown
2302 2310 S 5th Street, Allentown, PA 18103
SINGLE_FAMILY - Allentown City, PA
Type:Office
Property size:
7,055 SFLot size:
0.34 AcresPrice / SF:
$120/SF- Added:
- May 22, 2026
- Days on Market:
- 9
- Last Refresh:
- May 30 at 3:06 am
Property Features for 2302 2310 S 5th Street
General Information
- Property type
- Residential
- Property subtype
- Office
- Zoning
- N-3 Twinhouse Neighborhoo
- Parking
- 15
- Standard status
- Active
- APN
- 640651709707-1
- Size
- 7,055 SF
- Lot size
- 0.34 Acres
Taxes and HOA fees
- Tax Annual Amount
- 13403
Utilities
- Sewer type
- Public Sewer
- Heating system
- Oil, Electric (Heating), Ductless (Heating)
- Cooling system
- Window Unit(s), Ductless
- Water source
- Public
Building Details
- Year built
- 1890
- Number of units
- 3
Listing agent Creighton Faust (610) 770-9000 x124
Listing office RE/MAX Real Estate 3120 Hamilton Boulevard, Allentown, PA (610) 770-9000
Listing date May 22, 2026
MLS# 777565
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.
HighLights
- Includes three multi‑story buildings with recent capital improvements such as new windows, upgraded electrical panels, and kitchen enhancements.
- Opportunity for multifamily investment or continued use as a daycare.
- Sale includes a 0.57‑acre parcel with a small parking lot.
- Upgraded with both electric and oil heating systems.
- Features ductless and window unit cooling systems.
- Public water and sewer connections.
Overview
This property, located in Allentown City, PA, features three multi-story buildings previously used as a daycare. It presents an opportunity for multifamily investors or for continued use as a daycare facility. The property has undergone recent capital improvements, including new windows, upgraded electrical panels, and kitchen enhancements. The zoning is N-3 Twinhouse Neighborhoo. The property encompasses 7,055 square feet on a 0.343-acre lot. The sale includes an additional 0.57-acre parcel with a small parking lot (Parcel # 640650692771 001).
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 | $127.0k | $18.00 |
| − Vacancy | −$8.6k | −$1.22 |
| EGI | $118.4k | $16.78 |
| − OpEx | −$53.3k | −$7.55 |
| NOI | $65.1k | $9.23 |
7,055 SF · lease $18.00/SF/yr · vacancy 6.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$929.9K
$813.7K – $1.08M
NOI $65,095 @ 7.0% cap · market cap 7.66%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.39M
$1.21M – $1.62M
NOI $97,020 @ 7.0% cap · market cap 11.42%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Day care centers
Similar Places Nearby
- Twining's Child Care — 2304 S 5th St, Allentown, PA 18103
- Traci's Learning Center — SuperFoods Plaza, 704 W Emaus Ave, Allentown, PA 18103
- Anasol Diaz Daycare — 769 W Emaus Ave, Allentown, PA 18103
- Little Angel's Daycare — 1934 S Idaho St, Allentown, PA 18103
- Emmanuel United Methodist Preschool — 2336 S 9th St, Allentown, PA 18103
Location Insight
- Map
- Local Demand
- City
- Allentown
- County
- Lehigh
- State
- Pennsylvania
- Longitude
- -75.455267
- Latitude
- 40.576246
Nearby Similar for Sale
FAQs
What type of property is this?
Day care center - Three buildings suitable for daycare or multifamily use in Allentown.
Where is this day care center located?
The property is located at 2302 2310 S 5th Street Allentown, PA.
What is the asking price?
The asking price for this property is $849,900.
What are key features of this property?
This property features: Includes three multi‑story buildings with recent capital improvements such as new windows, upgraded electrical panels, and kitchen enhancements.; Opportunity for multifamily investment or continued use as a daycare.; Sale includes a 0.57‑acre parcel with a small parking lot.
