Allentown Two-Unit Investment
30 N Madison St Allentown, PA 18102
30 N Madison St, Allentown, PA, 18102
Contact for pricing
For Sale
Contact for pricing
Pending
Well-maintained duplex in Allentown with value-add potential.
Property Size2,420 SF
Days on Market141
Property Features for 30 N Madison St
General Information
- Standard status
- Pending
- Size
- 2,420 SF
- Property subtype
- Multifamily
Listing Agency
The Real Estate Firm & Property Management
Listed by
Frank Renaldi · License #PA - RM426277
Source
Crexi
Added: Feb 26 Checked: Jul 17 at 2:08 pm
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 The Real Estate Firm & Property Management
Investment Insights
Based on property information with market context.
This well-maintained, solid brick two-unit property in Allentown presents an investment opportunity. The property offers a stable layout suitable for owner-occupants or portfolio investors. Both units are currently occupied. The property is located in a convenient Allentown location near major routes, shopping, and amenities. The building has a total size of 2420 square feet. The property generates current gross rents of $30,480 annually, with a projected Net Operating Income (NOI) of $25,053 under self-management. The existing rents are significantly below market rates, offering immediate value-add potential for investors. The property is ideal for investors seeking consistent income with room for rent growth. The property's minimal deferred maintenance makes it a turnkey opportunity.
Key Highlights
- Strong cash flow with a projected NOI of $25,053 under self‑management.
- Immediate value‑add potential due to significantly under‑market rents.
- Well‑maintained, solid brick 2‑unit property.
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 | $39.2k | $16.20 |
| − Vacancy | −$2.9k | −$1.22 |
| EGI | $36.3k | $14.99 |
| − OpEx | −$10.9k | −$4.50 |
| NOI | $25.4k | $10.49 |
2,420 SF · lease $16.20/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$362.6K
$317.3K – $423.1K
NOI $25,385 @ 7.0% cap · market cap 7.58%
Second Best
Apartment 5plus
$319.0K
$279.1K – $372.2K
NOI $22,329 @ 7.0% cap · market cap 6.67%
Theoretical Best
Specialty Retail
$475.4K
$416.0K – $554.7K
NOI $33,280 @ 7.0% cap · market cap 9.93%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Well-maintained duplex in Allentown with value-add potential.
Where is this duplex located?
The property is located at 30 N Madison St Allentown, PA.
What is the asking price?
The asking price for this property is $335,000.
What are key features of this property?
This property features: Strong cash flow with a projected NOI of $25,053 under self‑management.; Immediate value‑add potential due to significantly under‑market rents.; Well‑maintained, solid brick 2‑unit property.
