Two Detached Homes on One
317 North 13th Street Allentown, PA 18102
317 North 13th Street, Allentown, PA, 18102
$349,900
Pending
For Sale
$349,900
Pending
Multi-unit property with two detached residences, including a 5-bedroom townhome and a 1-bedroom unit with garage and in-unit hookups.
Property Size2,132 SF
Days on Market28
Property Features for 317 North 13th Street
General Information
- Standard status
- Pending
- Size
- 2,132 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1925
Listing agency
RE/MAX 440 - Perkasie
(215) 919-4818
Listed by
Angela K Sullivan · License #AB065981
(215) 919-4818
Source
Compass
Added: Jun 25 Updated: Jul 21 at 1:02PM Checked: Jul 22 at 6:53AM
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 RE/MAX 440 - Perkasie
Investment Insights
Based on property information with market context.
This multi-unit property offers two detached homes on one parcel. The main residence is a townhome-style layout with 5 bedrooms and 1.5 baths. Recent improvements include a brand-new roof in 2025, fresh paint throughout, new flooring on all three levels, and a remodeled kitchen with quartz countertops and a stainless steel gas range. The home also features a spacious rear patio and backyard.
The second detached unit includes an oversized one-car garage at the lower level and a 1-bedroom, 1-bath apartment with a living room and washer/dryer hookups. A new roof was installed in 2025 on the second unit as well.
The property is located in Lehigh County within the Allentown City area and is served by the Allentown school district.
The second detached unit includes an oversized one-car garage at the lower level and a 1-bedroom, 1-bath apartment with a living room and washer/dryer hookups. A new roof was installed in 2025 on the second unit as well.
The property is located in Lehigh County within the Allentown City area and is served by the Allentown school district.
Key Highlights
- Two detached homes on one parcel, including a spacious townhome and a separate 1‑bedroom unit
- Main residence: 5 bedrooms, 1.5 baths, open floor plan with dining area and eat‑in kitchen
- Upgrades include brand‑new roof (2025), fresh paint, new flooring on all three levels, and remodeled kitchen with quartz countertops and new stainless steel gas range
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 | $34.5k | $16.20 |
| − Vacancy | −$2.6k | −$1.22 |
| EGI | $31.9k | $14.99 |
| − OpEx | −$9.6k | −$4.50 |
| NOI | $22.4k | $10.49 |
2,132 SF · lease $16.20/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$319.5K
$279.6K – $372.7K
NOI $22,364 @ 7.0% cap · market cap 6.39%
Second Best
Apartment 5plus
$281.0K
$245.9K – $327.9K
NOI $19,672 @ 7.0% cap · market cap 5.62%
Theoretical Best
Specialty Retail
$418.8K
$366.5K – $488.7K
NOI $29,319 @ 7.0% cap · market cap 8.38%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Multi-unit property with two detached residences, including a 5-bedroom townhome and a 1-bedroom unit with garage and in-unit hookups.
Where is this duplex located?
The property is located at 317 North 13th Street Allentown, PA.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: Two detached homes on one parcel, including a spacious townhome and a separate 1‑bedroom unit; Main residence: 5 bedrooms, 1.5 baths, open floor plan with dining area and eat‑in kitchen; Upgrades include brand‑new roof (2025), fresh paint, new flooring on all three levels, and remodeled kitchen with quartz countertops and new stainless steel gas range
