Building Details

Year Built 1850

Listing Agency: HomeSnipe Real Estate, LLC

Listed By: Cesar A. Martinez Show Phone

Source: Jennysoldmine

Added: Jul 26 Changed: Oct 8 Last Checked: Oct 7 at 1:01PM

Report an Issue

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 HomeSnipe Real Estate, LLC

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This multifamily property dates to 1850 and is offered in its present as-is condition. The source information identifies potential for a multi-unit, mixed-use configuration, while the recorded property size is 1580.

Key Highlights

• Potential multi‑unit configuration
• Mixed‑use potential identified
• Offered in as‑is condition

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$15,429

Cap Rate

8.12%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$308,580 $308.6K

Cap Rate 7%

$220,414 $220.4K

Cap Rate 9%

$171,433 $171.4K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,580 SF

Gross rent

$26.5K $16.80/SF

− Vacancy

−$1.9K −$1.18/SF

EGI

$24.7K $15.62/SF

− OpEx

−$9.3K −$5.86/SF

NOI

$15.4K $9.76/SF

Area

Allentown, PA

Vacancy

7.00%

Lease Rate

$16.80 /SF/Yr

Expense Ratio

37.50%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$308,580

Cap Rate 7%

$220,414

Cap Rate 9%

$171,433

Alternative Uses

Best Use

Mixed Use

$220.4K

$192.9K – $257.2K (±1% cap)

NOI $15,429 @ 7.0% cap · market cap 8.12%

Second Best

Apartment 5plus

$208.3K

$182.2K – $243.0K (±1% cap)

NOI $14,578 @ 7.0% cap · market cap 7.68%

Theoretical Best

Specialty Retail

$310.4K

$271.6K – $362.1K (±1% cap)

NOI $21,728 @ 7.0% cap · market cap 11.44%

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

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence

Open Analytics

Current Use

Weinstein Supply Allentown ... Kitchen & Bath Showroom

Suggested Use

Top Pick Dental Office Real Estate Agency Spa & Massage Center Hair Salon Skin Care Clinic Plumbing Service

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

389

Businesses Nearby

Explore this area Business Placement

Demographics for 18109, PA

18,915

Population

7,395

Households

2.6

Avg Household Size

37

Median Age

19%

College-Educated

80%

High-School Grad

8.2 sq mi

ZIP Area

2,307

Density / Sq Mi

$55,437

Median Household Income

$36,632

Median Earnings

$1,239

Median Rent

$180,200

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Similar For Sale Nearby

See more

Brick Duplex with Balcony

230 .5 N Nagle Street, Allentown, PA 18102

$209,900

1,593 SF

View details

Renovated Brick Multifamily Home

733 Lumber St Unit 1, Allentown, PA 18102

$189,000

1,373 SF

View details

Two-Unit Duplex with Updated Interiors

332 N 7th Street, Allentown, PA 18102

$349,900

1,568 SF

View details

Three-Unit Commercial Property

30 N 2nd St Unit 2, Allentown, PA 18101

$279,900

1,743 SF

View details

Multifamily Property with Finished Attic

274 E Elm St, Allentown, PA 18104

$234,900

1,281 SF

View details

Updated Two-Unit Duplex

317 N 10TH Street, Allentown, PA 18102

$362,000

1,842 SF

View details

Brick Duplex with Basement

1513 W Chew St Unit 2, Allentown, PA 18102

$315,000

2,016 SF

View details

Two-Unit Brick Row-Home Duplex

129 S 12th St, Allentown, PA 18102

$300,000

2,070 SF

View details

Mixed-Use Property with Garages

1044 W Liberty St, Allentown, PA 18102

$260,000

2,304 SF

View details

Two-Unit Duplex with Garage

1801 Greenleaf St, Allentown, PA 18109

$322,500

2,232 SF

View details

Renovated Two-Unit Duplex

614 North 8th Street, Allentown, PA 18102

$365,000

View details

Five-Unit Brick Apartment Building

22 S 13th Street, Allentown, PA 18102

$360,000

2,404 SF

View details

Frequently Asked Questions

What type of property is this?

Multifamily property - Offered as-is with potential for a multi-unit configuration.

Where is this multifamily property located?

The property is located at 250 E Hamilton St Allentown, PA.

What is the asking price?

The asking price for this property is $189,900.

What are key features of this property?

This property features: Potential multi‑unit configuration; Mixed‑use potential identified; Offered in as‑is condition