3-Unit Commercial
For Sale
$279,900
30 N 2nd Street, Allentown, PA 18101
CommercialSale, Allentown City, PA
Property Size1,743 SF
Lot Size0.07 Acres
Price / SF$160.59
Days on Market341
Property Features for 30 N 2nd Street
General Information
Property type
Commercial Sale
Property subtype
Apartment
Directions
From Hamilton St Turn on 2nd St the property it is on the left side (very close to American Parkway Shopping Center
Subdivision
Allentown-Central
Standard status
Active
APN
640741099609 001
Size
1,743 SF
Lot size
0.07 Acres
Building Details
Year built
1900
Listing Agency:
Century 21 Ramos Realty · Century 21 Real Estate
(484) 664-2340
Listed By:
Marlene I. Davila
(484) 201-7133
Added: Oct 30, 2025
Changed: Aug 19
Last Checked: Oct 5 at 4:06PM
MLS# 767358
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.
Investment Insights
Based on property information with market context.
This 3-unit property contains two units within the primary house and a third unit above the garage. The building provides 1,743 square feet on a 0.07-acre parcel and was constructed in 1900.
The first floor has been used for daycare serving up to 8 children. The property has also operated as a plumbing company and remains classified for commercial use. A change back to residential zoning may be pursued, subject to applicable approvals. The neighboring property is residential.
The first floor has been used for daycare serving up to 8 children. The property has also operated as a plumbing company and remains classified for commercial use. A change back to residential zoning may be pursued, subject to applicable approvals. The neighboring property is residential.
Key Highlights
- Three units: two in the house and one above the garage
- 1,743 square feet on a 0.07‑acre parcel
- Built in 1900
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,283
Cap Rate
6.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$365,660
$365.7K
Cap Rate 7%
$261,186
$261.2K
Cap Rate 9%
$203,144
$203.1K
Market Conditions
NOI Build-Up for 1,743 SF
Gross rent
$28.2K $16.20/SF
− Vacancy
−$2.1K −$1.22/SF
EGI
$26.1K $14.99/SF
− OpEx
−$7.8K −$4.50/SF
NOI
$18.3K $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%
$365,660
Cap Rate 7%
$261,186
Cap Rate 9%
$203,144
Alternative Uses
Best Use
Multifamily LT 5
$261.2K
$228.5K – $304.7K
NOI $18,283 @ 7.0% cap · market cap 6.53%
Second Best
Apartment 5plus
$229.7K
$201.0K – $268.0K
NOI $16,082 @ 7.0% cap · market cap 5.75%
Theoretical Best
Specialty Retail
$342.4K
$299.6K – $399.5K
NOI $23,970 @ 7.0% cap · market cap 8.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
2,323
Businesses Nearby
Explore this area
Business Placement
Demographics for 18101, PA
5,108
Population
2,686
Households
1.9
Avg Household Size
32
Median Age
19%
College-Educated
79%
High-School Grad
0.3 sq mi
ZIP Area
17,027
Density / Sq Mi
$41,542
Median Household Income
$34,397
Median Earnings
$1,337
Median Rent
$153,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Triplex - Commercial layout includes two units in the main house and one positioned above the garage.
Where is this triplex located?
The property is located at 30 N 2nd Street Allentown, PA.
What is the asking price?
The asking price for this property is $279,900.
What are key features of this property?
This property features: Three units: two in the house and one above the garage; 1,743 square feet on a 0.07‑acre parcel; Built in 1900
