Historic Brick
New
For Sale
$279,900
418 N 8th, Allentown, PA 18102
ResidentialIncome, Allentown City, PA
Property Size1,962 SF
Lot Size0.05 Acres
Price / SF$142.66
Days on Market3
Property Features for 418 N 8th
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R-Mh
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bathroom 1, Bathroom 2, Bedroom 1
Parking
1
Parking features
Garage
Subdivision
Old Allentn Historic
Elementary school district
Allentown
Middle school district
Allentown
High school district
Allentown
Directions
left off Gordon Street
Standard status
Active
APN
5497925397291
Size
1,962 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
2509
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Baseboard
Cooling system
Ceiling Fan(s)
Water source
Public
Building Details
Year built
1872
Number of units
2
Building materials
Brick
Listing Agency:
Towne and Country Real Estate
Listed By:
Michael J. McGinley · License #RM425466
(570) 668-2240
Added: Aug 31
Changed: Sep 1
Last Checked: Sep 2 at 2:06PM
MLS# 783685
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 duplex property in Allentown City combines brick construction with a compact residential layout. The 1,962-square-foot interior includes two bedrooms, two full bathrooms, and connected living and dining areas. A kitchen adjoining the dining space supports an efficient floor plan, while exposed beams, skylights, and hardwood and laminate plank flooring add distinct interior features. Electric baseboard heating and ceiling fans are installed throughout the home.
Built in 1872, the property sits on a 0.052-acre lot and includes a full basement with an exterior entrance. A garage provides on-site parking, while public water and public sewer serve the property. The R-Mh zoning designation and Allentown City location further identify the asset's residential setting.
Built in 1872, the property sits on a 0.052-acre lot and includes a full basement with an exterior entrance. A garage provides on-site parking, while public water and public sewer serve the property. The R-Mh zoning designation and Allentown City location further identify the asset's residential setting.
Key Highlights
- Duplex property with 1,962 square feet of interior space
- Two bedrooms and two full bathrooms
- Built in 1872 with brick construction
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$20,580
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.35%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$411,600
$411.6K
Cap Rate 7%
$294,000
$294.0K
Cap Rate 9%
$228,667
$228.7K
Market Conditions
NOI Build-Up for 1,962 SF
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.
Gross rent
$31.8K $16.20/SF
− Vacancy
−$2.4K −$1.22/SF
EGI
$29.4K $14.99/SF
− OpEx
−$8.8K −$4.50/SF
NOI
$20.6K $10.49/SF
Area
Allentown, PA
Vacancy
7.50%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$411,600
Cap Rate 7%
$294,000
Cap Rate 9%
$228,667
Alternative Uses
Best Use
Multifamily LT 5
$294.0K
$257.3K – $343.0K
NOI $20,580 @ 7.0% cap · market cap 7.35%
Second Best
Apartment 5plus
$258.6K
$226.3K – $301.7K
NOI $18,103 @ 7.0% cap · market cap 6.47%
Theoretical Best
Specialty Retail
$385.4K
$337.3K – $449.7K
NOI $26,981 @ 7.0% cap · market cap 9.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
3,463
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
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Brick construction, a full basement, and garage parking support practical residential use.
Where is this duplex located?
The property is located at 418 N 8th Allentown, PA.
What is the asking price?
The asking price for this property is $279,900.
What are key features of this property?
This property features: Duplex property with 1,962 square feet of interior space; Two bedrooms and two full bathrooms; Built in 1872 with brick construction
