Historic Duplex with Full
For Sale
$279,900
Pending
418 N 8TH STREET, Allentown, PA 18102
Interior row construction, skylights, exposed beams, and an exterior-access basement add character and functional space.
Property Size1,962 SF
Days on Market41
Property Features for 418 N 8TH STREET
General Information
Standard status
Pending
Size
1,962 SF
Property subtype
Duplex
Building Details
Year Built
1872
Listing Agency:
Towne And Country Real Estate, LLC
Listed By:
Michael McGinley · License #RM425466
(570) 668-2240
Source:
Cummingsrealtors
Added: Aug 31
Changed: Oct 10
Last Checked: Oct 9 at 11:42PM
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 Towne And Country Real Estate, LLC
Investment Insights
Based on property information with market context.
This duplex is an interior row townhouse constructed in 1872, combining traditional and loft-style elements across 1,962 square feet. The layout includes two bedrooms, two full bathrooms, and an integrated dining and living area adjoining the kitchen. Exposed beams and skylights bring natural light into the interior, while hardwood and laminate plank flooring provide durable finished surfaces.
A full basement with an outside entrance adds storage capacity and may accommodate future finishing. The property occupies a 0.05-acre lot at 418 N 8th Street in Allentown, Pennsylvania, within the 18102 ZIP code. Its compact site and established row-building format create a straightforward physical configuration with limited exterior area to maintain.
A full basement with an outside entrance adds storage capacity and may accommodate future finishing. The property occupies a 0.05-acre lot at 418 N 8th Street in Allentown, Pennsylvania, within the 18102 ZIP code. Its compact site and established row-building format create a straightforward physical configuration with limited exterior area to maintain.
Key Highlights
- Interior row duplex constructed in 1872
- 1,962 square feet with two bedrooms and two full bathrooms
- Full basement with outside entrance
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,580
Cap Rate
7.35%
Suggested Prices Based on Cap Rates
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
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 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
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Current Use
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
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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?
Duplex - Interior row construction, skylights, exposed beams, and an exterior-access basement add character and functional space.
Where is this duplex located?
The property is located at 418 N 8TH STREET 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: Interior row duplex constructed in 1872; 1,962 square feet with two bedrooms and two full bathrooms; Full basement with outside entrance
