Updated Two-Unit
New
For Sale
$362,000
317 N 10th Street, Allentown, PA 18102
One residence is vacant, while the other is occupied by a tenant, offering a two-unit configuration with distinct occupancy status.
Property Size1,842 SF
Price / SF$196.53
Days on Market3
Property Features for 317 N 10th Street
General Information
Standard status
Active
Size
1,842 SF
Property subtype
Residential Income
Zoning
R-MH
Additional Details
Public Transit
Yes
Multifamily Units
2
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$2,608
Amenities
true
2
3
Assessor
Public
2309
0.053
Public Records
Off Street,On Street
Building Details
Year Built
1875
Stories
2
Tenancy
Single
Listing Agency:
(610) 890-9942
Listed By:
Andrew Dilg
Source:
Corbyrealty
Added: Oct 30
Changed: Oct 31
Last Checked: Oct 31 at 3:20AM
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 Andrew Dilg
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Investment Insights
Based on property information with market context.
This 1,842-square-foot duplex contains two units. Recent work includes repaired subflooring, new solid oak hardwood floors throughout the first-floor unit, and fresh paint. Tile floors are present in the first-floor kitchen and bathroom. Both units have new toilets and sinks; the first-floor kitchen also has a stainless steel refrigerator and dishwasher, and the upper unit includes a stainless steel dishwasher.
The property is at 317 N 10th Street in Allentown, Pennsylvania, with public transportation and major routes nearby. Zoning is R-MH. The first-floor unit is vacant, and the second-floor unit is tenant occupied.
The property is at 317 N 10th Street in Allentown, Pennsylvania, with public transportation and major routes nearby. Zoning is R-MH. The first-floor unit is vacant, and the second-floor unit is tenant occupied.
Key Highlights
- Two‑unit duplex with 1,842 square feet of living space
- Repairs include subflooring work and solid oak hardwood flooring throughout the first‑floor unit
- Tile floors in the first‑floor kitchen and bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,322
Cap Rate
5.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$386,440
$386.4K
Cap Rate 7%
$276,029
$276.0K
Cap Rate 9%
$214,689
$214.7K
Market Conditions
NOI Build-Up for 1,842 SF
Gross rent
$29.8K $16.20/SF
− Vacancy
−$2.2K −$1.22/SF
EGI
$27.6K $14.99/SF
− OpEx
−$8.3K −$4.50/SF
NOI
$19.3K $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%
$386,440
Cap Rate 7%
$276,029
Cap Rate 9%
$214,689
Alternative Uses
Best Use
Multifamily LT 5
$276.0K
$241.5K – $322.0K
NOI $19,322 @ 7.0% cap · market cap 5.34%
Second Best
Apartment 5plus
$242.8K
$212.5K – $283.3K
NOI $16,996 @ 7.0% cap · market cap 4.70%
Theoretical Best
Specialty Retail
$361.9K
$316.6K – $422.2K
NOI $25,331 @ 7.0% cap · market cap 7.00%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,092
Businesses Nearby
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Business Placement
Demographics for 18102, PA
51,567
Population
18,788
Households
2.7
Avg Household Size
32
Median Age
11%
College-Educated
76%
High-School Grad
3.0 sq mi
ZIP Area
17,189
Density / Sq Mi
$40,681
Median Household Income
$29,501
Median Earnings
$1,224
Median Rent
$146,600
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?
Duplex - One residence is vacant, while the other is occupied by a tenant, offering a two-unit configuration with distinct occupancy status.
Where is this duplex located?
The property is located at 317 N 10th Street Allentown, PA.
What is the asking price?
The asking price for this property is $362,000.
What are key features of this property?
This property features: Two‑unit duplex with 1,842 square feet of living space; Repairs include subflooring work and solid oak hardwood flooring throughout the first‑floor unit; Tile floors in the first‑floor kitchen and bathroom
