Multifamily Property with Finished
For Sale
$234,900
274 E Elm St, Allentown, PA 18104
Updated kitchen, finished attic, manageable yard, and off-street parking support practical residential use.
Property Size1,281 SF
Price / SF$183.37
Days on Market80
Property Features for 274 E Elm St
General Information
Standard status
Active
Size
1,281 SF
Property subtype
Multi-Family
Building Details
Year Built
1900
Listing Agency:
Howard Hanna The Frederick Group
Listed By:
Heather Kidd · License #RS371202
(610) 398-0411
Source:
Harkesrealty
Added: Jul 29
Changed: Oct 7
Last Checked: Oct 15 at 3:46AM
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 Howard Hanna The Frederick Group
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Investment Insights
Based on property information with market context.
This multifamily property at 274 E Elm St in Allentown offers 1,281 square feet of residential space within a home built in 1900. The layout includes comfortable living areas, an updated kitchen, well-proportioned bedrooms, and a finished attic that adds flexible usable space. Recent improvements and efficient mechanical systems are also noted.
The exterior includes a manageable yard and off-street parking options. These features provide practical functionality for occupants while keeping the property’s outdoor areas straightforward to maintain.
The exterior includes a manageable yard and off-street parking options. These features provide practical functionality for occupants while keeping the property’s outdoor areas straightforward to maintain.
Key Highlights
- 1,281‑square‑foot multifamily property at 274 E Elm St, Allentown, PA 18104
- Built in 1900 with recent improvements noted
- Finished attic adds flexible usable space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,820
Cap Rate
5.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$236,400
$236.4K
Cap Rate 7%
$168,857
$168.9K
Cap Rate 9%
$131,333
$131.3K
Market Conditions
NOI Build-Up for 1,281 SF
Gross rent
$23.1K $18.00/SF
− Vacancy
−$1.6K −$1.22/SF
EGI
$21.5K $16.78/SF
− OpEx
−$9.7K −$7.55/SF
NOI
$11.8K $9.23/SF
Area
Allentown, PA
Vacancy
6.80%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$236,400
Cap Rate 7%
$168,857
Cap Rate 9%
$131,333
Alternative Uses
Best Use
Apartment 5plus
$168.9K
$147.8K – $197.0K
NOI $11,820 @ 7.0% cap · market cap 5.03%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$251.7K
$220.2K – $293.6K
NOI $17,616 @ 7.0% cap · market cap 7.50%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
227
Businesses Nearby
Explore this area
Business Placement
Demographics for 18104, PA
47,289
Population
18,686
Households
2.5
Avg Household Size
42
Median Age
45%
College-Educated
93%
High-School Grad
23.0 sq mi
ZIP Area
2,056
Density / Sq Mi
$94,279
Median Household Income
$48,585
Median Earnings
$1,620
Median Rent
$296,800
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?
Multifamily property - Updated kitchen, finished attic, manageable yard, and off-street parking support practical residential use.
Where is this multifamily property located?
The property is located at 274 E Elm St Allentown, PA.
What is the asking price?
The asking price for this property is $234,900.
What are key features of this property?
This property features: 1,281‑square‑foot multifamily property at 274 E Elm St, Allentown, PA 18104; Built in 1900 with recent improvements noted; Finished attic adds flexible usable space
