Mixed-Use Corner
New
For Sale
$550,000
347 North 8th Street, Allentown, PA 18102
Three occupied apartments complement a street-facing commercial space and an attached garage.
Property Size4,320 SF
Days on Market3
Property Features for 347 North 8th Street
General Information
Standard status
Active
Size
4,320 SF
Total Parking Spaces
2
Property subtype
Mixed Use
Occupancy
100%
Site & Location
Corner Location
Yes
Road Access
Yes
Additional Details
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$6,088
Amenities
exposed brick walls
tile flooring
large storefront windows
attached two-car garage
Building Details
Building Size
4,320 SF
Year Built
1900
Construction
brick and stucco
Tenancy
Multi
Listing Agency:
Keller Williams Allentown
Listed By:
Dana K. Cardona · License #RS331469
(610) 435-1800
Source:
Bhhspaulfordrealtors
Added: Oct 8
Changed: Oct 10
Last Checked: Oct 10 at 2:21AM
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 Keller Williams Allentown
Investment Insights
Based on property information with market context.
Built in 1900, this mixed-use corner property pairs commercial space with three occupied residential apartments. The commercial area has exposed brick, tile flooring, and large storefront windows. An attached two-car garage provides additional on-site space for vehicles or storage.
The property is three blocks from the PPL Center in Old Allentown, with downtown Allentown, restaurants, entertainment, shopping, and major transportation routes nearby.
The property is three blocks from the PPL Center in Old Allentown, with downtown Allentown, restaurants, entertainment, shopping, and major transportation routes nearby.
Key Highlights
- Mixed‑use property with commercial space and three occupied residential apartments
- Attached two‑car garage
- Corner location with large storefront windows
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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Open Analytics
Current Use
Lease Details
3
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Paved road access
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Three occupied apartments complement a street-facing commercial space and an attached garage.
Where is this mixed-use property located?
The property is located at 347 North 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: Mixed‑use property with commercial space and three occupied residential apartments; Attached two‑car garage; Corner location with large storefront windows
