3-Unit Investment Property with
424 N 6th St Allentown, PA 18102
For Sale
Contact for pricing
Fully occupied three-unit property with off-street parking and utility split between tenants and landlord.
Property Size2,610 SF
Price / SF$130.27
Days on Market115
Property Features for 424 N 6th St
General Information
- Standard status
- Active
- Size
- 2,610 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1890
Listing Agency:
Steel City Realty
(484) 895-9005
Listed By:
Jennifer de Jesus · License #PA RM423820
Source:
Crexi
Added: Mar 31
Changed: Jul 21
Last Checked: Jul 22 at 3:46AM
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 Steel City Realty
Investment Insights
Based on property information with market context.
This fully occupied 3-unit investment property includes off-street parking. The building is configured as three separate units, with Unit 2 paying all utilities.
According to the provided details, the landlord currently covers water, sewer, and trash for Units 1 and 3. The remarks also note a potential for increased cash flow by shifting utilities to tenants at renewal.
Offered for sale as a leased income property, the current setup provides an expense structure based on the existing utility responsibilities.
According to the provided details, the landlord currently covers water, sewer, and trash for Units 1 and 3. The remarks also note a potential for increased cash flow by shifting utilities to tenants at renewal.
Offered for sale as a leased income property, the current setup provides an expense structure based on the existing utility responsibilities.
Key Highlights
- 1890‑built, fully occupied 3‑unit investment property in Allentown, PA
- Off‑street parking included
- Unit 2 pays all utilities
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 | $42.3k | $16.20 |
| − Vacancy | −$3.2k | −$1.22 |
| EGI | $39.1k | $14.99 |
| − OpEx | −$11.7k | −$4.50 |
| NOI | $27.4k | $10.49 |
2,610 SF · lease $16.20/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$391.1K
$342.2K – $456.3K
NOI $27,378 @ 7.0% cap · market cap 8.05%
Second Best
Apartment 5plus
$344.0K
$301.0K – $401.4K
NOI $24,082 @ 7.0% cap · market cap 7.08%
Theoretical Best
Specialty Retail
$512.8K
$448.7K – $598.2K
NOI $35,893 @ 7.0% cap · market cap 10.56%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
FAQs
What type of property is this?
Triplex - Fully occupied three-unit property with off-street parking and utility split between tenants and landlord.
Where is this triplex located?
The property is located at 424 N 6th St Allentown, PA.
What is the asking price?
The asking price for this property is $340,000.
What are key features of this property?
This property features: 1890‑built, fully occupied 3‑unit investment property in Allentown, PA; Off‑street parking included; Unit 2 pays all utilities
