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

Building Details

Year Built 1900 More

Listing Agency: Century 21 Ramos Realty

Listed By: Marlene I. Davila Show Phone

Source: Jennysoldmine

Added: Sep 20 Changed: Oct 26 Last Checked: Oct 16 at 11:37AM

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 Century 21 Ramos Realty

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 1,743-square-foot property contains three units: two within the main house and one positioned above the garage. The building dates to 1900 and has a commercial history, including prior use by a plumbing company and first-floor operation as a daycare serving up to 8 children.

The property is identified as commercial, with the possibility of applying for a zoning change back to residential use. FHA financing is accepted, providing an additional financing option for qualified purchasers.

Key Highlights

• 1,743 SF commercial property with three units
• Two units are located in the main house; one is above the garage
• First floor was used for daycare serving up to 8 children

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

Is this asking price fair?

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 (±1% cap)

NOI $18,283 @ 7.0% cap · market cap 6.53%

Second Best

Mixed Use

$243.1K

$212.8K – $283.7K (±1% cap)

NOI $17,020 @ 7.0% cap · market cap 6.08%

Theoretical Best

Specialty Retail

$342.4K

$299.6K – $399.5K (±1% cap)

NOI $23,970 @ 7.0% cap · market cap 8.56%

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

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Triplexes

Suggested Use

Top Pick Dental Office Skin Care Clinic Acupuncture Gym & Fitness Center Bakery Real Estate Agency

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

Average Price Trend$/SF for Triplexes in Allentown, PA

$185 Jul

$179 Aug

$188 Sep

$209 Oct

Properties on Market for Triplexes in Allentown

Jul

Aug

Sep

Oct

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Similar For Sale Nearby

See more

Three-Unit Detached Triplex

875 Jerome Street, Allentown, PA 18109

$429,000

1,600 SF

View details

Multifamily Property

250 E Hamilton St, Allentown, PA 18109

$189,900

1,580 SF

View details

3-Unit Brick Apartment Building

726 W Turner Street, Allentown, PA 18102

$399,000

1,950 SF

View details

Mixed-Use Property with Garages

1044 W Liberty St, Allentown, PA 18102

$260,000

2,304 SF

View details

Brick Triplex with Three Apartments

744 N 5th Street, Allentown, PA 18102

$399,000

2,205 SF

View details

Mixed-Use Property with Storefront

146 11th Street, Allentown, PA 18102

$395,000

2,459 SF

View details

Three-Unit Apartment Building with Garage

1334 W Turner Street, Allentown, PA 18102

$399,900

2,450 SF

View details

Mixed-Use Building with Storefront

223 N 7th Street, Allentown, PA 18102

$399,900

2,766 SF

View details

Renovated Mixed-Use Building

1977 S 5th Street, Allentown, PA 18103

$525,000

2,540 SF

View details

Renovated Mixed-Use Property

438 N 7th Street, Allentown, PA 18102

$480,000

2,878 SF

View details

Three-Story Mixed-Use Property

1120 HAMILTON STREET, Allentown, PA 18101

$490,000

3,480 SF

View details

Mixed-Use Property With Garage

1050 Lehigh Street, Allentown, PA 18103

$499,000

5,106 SF

View details

Frequently Asked Questions

What type of property is this?

Triplex - Commercial property with two units in the main house and a third unit above the garage.

Where is this triplex located?

The property is located at 30 N 2nd St Unit 2 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: 1,743 SF commercial property with three units; Two units are located in the main house; one is above the garage; First floor was used for daycare serving up to 8 children