Mixed-Use Potential
For Sale
$189,900
250 E Hamilton Street, Allentown, PA 18109
ResidentialIncome, Allentown City, PA
Property Size1,580 SF
Lot Size0.07 Acres
Price / SF$120.19
Days on Market154
Property Features for 250 E Hamilton Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
B-3
Subdivision
Not in Development
Elementary school district
Allentown
Middle school district
Allentown
High school district
Allentown
Directions
going east on Hamilton St, over the bridge, the house is on the right
Standard status
Active
APN
640772179755-1
Size
1,580 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Annual Amount
2500
Utilities
Sewer type
Public Sewer
Heating system
Baseboard, Electric (Heating)
Cooling system
Window Unit(s)
Water source
Public
Building Details
Year built
1850
Floors in Building
2
Number of units
2
Building materials
VinylSiding
Listing Agency:
HomeSnipe Real Estate, LLC
(484) 664-2828
Listed By:
Cesar A. Martinez
(610) 737-6499
Added: May 18
Changed: Sep 26
Last Checked: Oct 18 at 10:06PM
MLS# 777325
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.
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Investment Insights
Based on property information with market context.
This duplex property offers 1,580 square feet on a 0.069-acre parcel and is being conveyed in its existing as-is condition. The property is described as having multi-unit, mixed-use potential, with vinyl siding, baseboard and electric heating, and window-unit cooling. Originally built in 1850, the building combines an established structure with a residential income classification.
Located at 250 E Hamilton Street in Allentown City, Pennsylvania, the property has public water service and public sewer. B-3 zoning is documented for the parcel. The combination of the duplex classification, mixed-use potential, and existing utility connections provides a clear basis for evaluating the property in its current condition.
Located at 250 E Hamilton Street in Allentown City, Pennsylvania, the property has public water service and public sewer. B-3 zoning is documented for the parcel. The combination of the duplex classification, mixed-use potential, and existing utility connections provides a clear basis for evaluating the property in its current condition.
Key Highlights
- 1,580 square feet on a 0.069‑acre parcel
- Duplex classification with multi‑unit, mixed‑use potential
- B‑3 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,573
Cap Rate
8.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$331,460
$331.5K
Cap Rate 7%
$236,757
$236.8K
Cap Rate 9%
$184,144
$184.1K
Market Conditions
NOI Build-Up for 1,580 SF
Gross rent
$25.6K $16.20/SF
− Vacancy
−$1.9K −$1.22/SF
EGI
$23.7K $14.99/SF
− OpEx
−$7.1K −$4.50/SF
NOI
$16.6K $10.49/SF
Area
Allentown, PA
Vacancy
7.50%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$331,460
Cap Rate 7%
$236,757
Cap Rate 9%
$184,144
Alternative Uses
Best Use
Multifamily LT 5
$236.8K
$207.2K – $276.2K
NOI $16,573 @ 7.0% cap · market cap 8.73%
Second Best
Apartment 5plus
$208.3K
$182.2K – $243.0K
NOI $14,578 @ 7.0% cap · market cap 7.68%
Theoretical Best
Specialty Retail
$310.4K
$271.6K – $362.1K
NOI $21,728 @ 7.0% cap · market cap 11.44%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
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
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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?
Duplex - The property carries B-3 zoning and is connected to public water and public sewer.
Where is this duplex located?
The property is located at 250 E Hamilton Street 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: 1,580 square feet on a 0.069‑acre parcel; Duplex classification with multi‑unit, mixed‑use potential; B‑3 zoning
