347 N 8TH ST, Allentown, PA 18102

Building Details

Buildings 1 More

Tenancy Multi More

Listing Agency: Space Real Estate, LLC Show Phone

Listed By: Bryant Rosado Show Phone

Source: Lakehomesbyliz

Added: Nov 10 Last Checked: Nov 10 at 2:20PM

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Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

In Allentown, this mixed-use building pairs a ground-floor storefront with three residential apartments. The unit mix includes one one-bedroom apartment and two two-bedroom apartments; one of the two-bedroom units has balcony access. The property is fully occupied.

The building is near downtown Allentown, major routes, shopping, restaurants, and local amenities.

Key Highlights

• Ground‑level commercial storefront with three residential apartments
• Apartment mix includes one 1‑bedroom unit and two 2‑bedroom units
• Balcony access at one of the 2‑bedroom apartments

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$53,209

Cap Rate

8.19%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,064,180 $1.1M

Cap Rate 7%

$760,129 $760.1K

Cap Rate 9%

$591,211 $591.2K

Is this asking price fair?

Market Conditions

NOI Build-Up for 4,320 SF

Gross rent

$80.4K $18.60/SF

− Vacancy

−$4.3K −$1.00/SF

EGI

$76.0K $17.60/SF

− OpEx

−$22.8K −$5.28/SF

NOI

$53.2K $12.32/SF

Area

Allentown, PA

Vacancy

5.40%

Lease Rate

$18.60 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,064,180

Cap Rate 7%

$760,129

Cap Rate 9%

$591,211

Alternative Uses

Best Use

Retail

$760.1K

$665.1K – $886.8K (±1% cap)

NOI $53,209 @ 7.0% cap · market cap 8.19%

Second Best

Multifamily LT 5

$647.4K

$566.4K – $755.3K (±1% cap)

NOI $45,315 @ 7.0% cap · market cap 6.97%

Theoretical Best

Specialty Retail

$848.7K

$742.6K – $990.2K (±1% cap)

NOI $59,409 @ 7.0% cap · market cap 9.14%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Make the Road PA ... Charitable Organization Urban Residential Properties Real Estate Agency

Suggested Use

Top Pick Skin Care Clinic Gym & Fitness Center Acupuncture Bakery Locksmith Travel Agency

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

100%

Occupancy

Multi-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

3,650

Businesses Nearby

Explore this area 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

Market

Average Price Trend$/SF for Mixed-use properties in Allentown, PA

$173 Jul

$187 Aug

$152 Sep

$157 Oct

Properties on Market for Mixed-use properties in Allentown

Jul

Aug

Sep

Oct

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

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Frequently Asked Questions

What type of property is this?

Mixed-use property - The occupied property combines ground-level commercial space with three apartments, including one with balcony access.

Where is this mixed-use property located?

The property is located at 347 N 8TH ST Allentown, PA.

What is the asking price?

The asking price for this property is $649,900.

What are key features of this property?

This property features: Ground‑level commercial storefront with three residential apartments; Apartment mix includes one 1‑bedroom unit and two 2‑bedroom units; Balcony access at one of the 2‑bedroom apartments