Mixed-Use Building with
For Sale
$279,900
30 N 2nd Street, Allentown, PA 18101
ResidentialIncome, Allentown City, PA
Property Size1,743 SF
Lot Size0.07 Acres
Price / SF$160.59
Days on Market356
Property Features for 30 N 2nd Street
General Information
Property type
Residential Multi Family
Property subtype
Apartment
Zoning
R-Mh
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bedroom 2, Bedroom 1, Bathroom 1, Bedroom 4, Bedroom 3
Parking
2
Parking features
Garage
Patio and Porch features
Patio
Subdivision
Not in Development
Elementary school district
Allentown
Middle school district
Allentown
High school district
Allentown
Directions
From Hamilton St Turn on 2nd St the property it is on the left side (very close to American Parkway Shopping Center
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
Natural Gas, Baseboard, Electric (Heating), Heat Pump (Heating)
Water source
Public
Building Details
Year built
1900
Floors in Building
2
Number of units
2
Building materials
Stucco
Listing Agency:
Century 21 Ramos Realty · Century 21 Real Estate
(484) 664-2340
Listed By:
Marlene I. Davila
(484) 201-7133
Added: Oct 29, 2025
Changed: Oct 16
Last Checked: Oct 18 at 11:06PM
MLS# 766714
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.
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Investment Insights
Based on property information with market context.
This mixed-use property contains two residential units and a ground-floor commercial area within a 1,743-square-foot building. The commercial space has served as a daycare for up to 8 children and previously housed a plumbing business. A garage accommodates 2+ cars, with additional storage above; the garage was also rented separately. The 0.07-acre parcel includes a patio. Stucco is the exterior material, and the property was built in 1900.
Heating systems include baseboard, natural gas, electric heat, and a heat pump. Public water and public sewer serve the property. Its zoning designation is R-Mh. The adjoining property is residential.
Heating systems include baseboard, natural gas, electric heat, and a heat pump. Public water and public sewer serve the property. Its zoning designation is R-Mh. The adjoining property is residential.
Key Highlights
- Two residential units and ground‑floor commercial space
- 1,743‑square‑foot building on a 0.07‑acre parcel
- Garage for 2+ cars with storage above; rented separately from the building
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
Mixed Use
$243.1K
$212.8K – $283.7K
NOI $17,020 @ 7.0% cap · market cap 6.08%
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.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
2
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
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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?
Mixed-use property - The property combines two residential units with ground-floor commercial space and garage storage.
Where is this mixed-use property 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: Two residential units and ground‑floor commercial space; 1,743‑square‑foot building on a 0.07‑acre parcel; Garage for 2+ cars with storage above; rented separately from the building
