Three-Unit Multifamily
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 Market295
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: Aug 20 at 11:06PM
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 multifamily property includes two units within the main house and a third unit positioned above the garage. The building contains 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 and was previously occupied by a plumbing company, reflecting the property’s commercial history.
The property is located at 30 N 2nd Street in Allentown City, Pennsylvania. The parcel is identified as commercial, while the adjoining property is residential. A zoning change back to residential use may be applied for, subject to the applicable approval process.
The property is located at 30 N 2nd Street in Allentown City, Pennsylvania. The parcel is identified as commercial, while the adjoining property is residential. A zoning change back to residential use may be applied for, subject to the applicable approval process.
Key Highlights
- 3 units: 2 in the house and 1 above the garage
- 1,743 square feet on a 0.07‑acre parcel
- Built in 1900
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$18,283
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.53%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
Property Profile
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - Three-unit property with two residences in the main house and an additional unit 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: 3 units: 2 in the house and 1 above the garage; 1,743 square feet on a 0.07‑acre parcel; Built in 1900
