405 N 9th Street Allentown, PA 18102
MULTI_FAMILY - Allentown City, PA
Property Features for 405 N 9th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R-MH
- Bedrooms
- 3
- Bathrooms
- 3
- Rooms
- Bedroom 1, Bathroom 1, Bathroom 3, Bedroom 2, Bedroom 3, Bathroom 2
- Parking
- 1
- Parking features
- Garage
- Standard status
- Active
- APN
- 549792218285-1
- Size
- 2,035 SF
- Lot size
- 0.05 Acres
Taxes and HOA fees
- Tax Annual Amount
- 2291
Utilities
- Sewer type
- Public Sewer
- Heating system
- Hot Water(Heating), Natural Gas
- Cooling system
- Wall Unit(s), Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1873
- Floors in Building
- 3
- Number of units
- 2
- Flooring type
- Hardwood
- Building materials
- Brick
Listing agent Creighton Faust (610) 770-9000 x124
Listing office RE/MAX Real Estate 3120 Hamilton Boulevard, Allentown, PA (610) 770-9000
Listing date Jul 11, 2026
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.
The property is located in Allentown City’s Historic District and is zoned R-MH. It is currently rented month-to-month for Unit 1, while Unit 2 is leased through 12/31/2026.
With two distinct living units and existing rental occupancy, the building offers a turnkey structure for an owner seeking steady income tied to current tenant agreements.
Key Highlights
- Well‑maintained 2‑unit brick investment property in Allentown’s Historic District
- Unit 1: 1 bedroom, 1 full bath on the first floor; month‑to‑month rent at $995/month
- Unit 2: 2 bedrooms, 1.5 baths across the second and third floors; leased through 12/31/2026 at $1,030/month
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 | $33.0k | $16.20 |
| − Vacancy | −$2.5k | −$1.22 |
| EGI | $30.5k | $14.99 |
| − OpEx | −$9.1k | −$4.50 |
| NOI | $21.3k | $10.49 |
