Mixed-Use Property with
New
For Sale
$550,000
347 N 8th Street, Allentown, PA 18102
ResidentialIncome, Allentown City, PA
Property Size4,320 SF
Lot Size0.06 Acres
Price / SF$127.31
Days on Market3
Property Features for 347 N 8th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R-MH
Bedrooms
5
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 3, Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 4, Bedroom 1, Bedroom 5, Bedroom 2
Parking
2
Parking features
Off Street, Garage, On Street
Subdivision
Old Allentown Historic District
Elementary school district
Allentown
Middle school district
Allentown
High school district
Allentown
Directions
From Rt 22 to 7th St exit South * Right on Chew * Right on 8th * Corner of 8th and Gordon
Standard status
Active
APN
549792823193-1
Size
4,320 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Annual Amount
6088
Utilities
Sewer type
Public Sewer
Heating system
Baseboard, Electric (Heating)
Water source
Public
Building Details
Year built
1900
Floors in Building
3
Number of units
4
Building materials
Brick
Listing Agency:
Keller Williams Allentown · Keller Williams Realty
(610) 435-1800
Listed By:
Dana K. Cardona · License #RS331469
(718) 300-1382
Added: Oct 8
Last Checked: Oct 10 at 2:06PM
MLS# 785855
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.
Investment Insights
Based on property information with market context.
This 4,320-square-foot mixed-use building combines street-level commercial space with three occupied apartments. The commercial area has exposed brick walls and tile flooring, while the exterior is brick. An attached two-car garage provides additional enclosed space. The property was built in 1900 and is zoned R-MH.
The corner site is three blocks from the PPL Center in Allentown. Public water and public sewer serve the property, with off-street, garage, and on-street parking listed.
The corner site is three blocks from the PPL Center in Allentown. Public water and public sewer serve the property, with off-street, garage, and on-street parking listed.
Key Highlights
- 4,320‑square‑foot mixed‑use property
- Three occupied residential apartments
- Commercial space with exposed brick walls and tile flooring
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,185
Cap Rate
7.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$843,700
$843.7K
Cap Rate 7%
$602,643
$602.6K
Cap Rate 9%
$468,722
$468.7K
Market Conditions
NOI Build-Up for 4,320 SF
Gross rent
$72.6K $16.80/SF
− Vacancy
−$5.1K −$1.18/SF
EGI
$67.5K $15.62/SF
− OpEx
−$25.3K −$5.86/SF
NOI
$42.2K $9.76/SF
Area
Allentown, PA
Vacancy
7.00%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$843,700
Cap Rate 7%
$602,643
Cap Rate 9%
$468,722
Alternative Uses
Best Use
Retail
$760.1K
$665.1K – $886.8K
NOI $53,209 @ 7.0% cap · market cap 9.67%
Second Best
Mixed Use
$602.6K
$527.3K – $703.1K
NOI $42,185 @ 7.0% cap · market cap 7.67%
Theoretical Best
Specialty Retail
$848.7K
$742.6K – $990.2K
NOI $59,409 @ 7.0% cap · market cap 10.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,650
Businesses Nearby
61k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 61%
Groceries 36%
Apparel 4%
IGA Little Apple Market
Groceries
21,625 visits/mo
0.4 miles
7-Eleven
Shops & Services
14,046 visits/mo
0.2 miles
Gulf Oil
Shops & Services
10,040 visits/mo
0.4 miles
Family Dollar
Shops & Services
7,924 visits/mo
0.2 miles
Chase Bank
Shops & Services
3,319 visits/mo
0.2 miles
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Three occupied apartments share the property with commercial space and an attached garage.
Where is this mixed-use property located?
The property is located at 347 N 8th Street Allentown, PA.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: 4,320‑square‑foot mixed‑use property; Three occupied residential apartments; Commercial space with exposed brick walls and tile flooring
