30 N 2nd Street Allentown, PA 18101
MULTI_FAMILY - Allentown City, PA
- Added:
- Oct 29, 2025
- Days on Market:
- 256
- Last Refresh:
- Jul 11 at 1:06 am
Property Features for 30 N 2nd Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Apartment
- Zoning
- R-Mh
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bedroom 3, Bedroom 1, Bathroom 2, Bedroom 4, Bedroom 2
- Parking
- 2
- Parking features
- Garage
- Patio and Porch features
- Patio
- Standard status
- Active
- APN
- 640741099609 001
- Size
- 1,743 SF
- Lot size
- 0.07 Acres
Taxes and HOA fees
- Tax Annual Amount
- 3080
Utilities
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating), Natural Gas, Baseboard, Heat Pump (Heating)
- Water source
- Public
Building Details
- Year built
- 1900
- Floors in Building
- 2
- Number of units
- 2
- Building materials
- Stucco
Listing agent Marlene I. Davila (610) 866-4423
Listing office Century 21 Ramos Realty 946 Hamilton St., Bethlehem, PA (484) 664-2340
Listing date Oct 29, 2025
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.
The property is located in Allentown City, Pennsylvania (Lehigh County) at 30 N 2nd Street, and is listed under zoning R-Mh. Public remarks also note that a zoning change application could be pursued to revert to residential use. The remarks further mention that the property next to it is residential and that “mix use FHA accepted,” though no additional details are provided about the adjacent parcel.
For tenants, investors, or owner-operators, the existing three-unit configuration supports a hands-on approach to income-producing residential living. Buyers should also consider the property’s commercial history and the stated need to coordinate any future use through the zoning process, particularly given the prior daycare operation and the possibility of returning to residential zoning. With unit mix across the house and garage level, the layout may appeal to buyers seeking an owner-managed, multi-unit setup.
Key Highlights
- 3‑unit layout: 2 units in the house and 1 unit above the garage
- Commercial use history includes daycare for up to 8 children (first floor)
- Originally a plumbing company; property has continued as commercial use
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $28.2k | $16.20 |
| − Vacancy | −$2.1k | −$1.22 |
| EGI | $26.1k | $14.99 |
| − OpEx | −$7.8k | −$4.50 |
| NOI | $18.3k | $10.49 |
